If you’re looking for an easy way to save money on your JCPL electricity bill the first step is to find the best JCPL electricity rate. Due to New Jersey energy choice laws, energy users who receive their monthly bill from Jersey Central Power & Light have the right to shop for competitive electricity rates that can be significantly lower than JCPL prices. Taking a few minutes to compare energy companies can result in substantial savings when that dreaded electric bill comes through the mail.
The energy company posting the best electricity rate in the JCPL area changes often. Energy companies offer electric rates to JCPL consumers by purchasing the power on the wholesale market in advance and then marketing their services to the public. A common strategy for a new energy supplier has been to offer a very low price in hopes of obtaining a large number of new customers, only to raise the rate after the initial term has ended hoping that many of those new customers will stay, forgetting to switch again. This strategy often works as consumers will continue to pay their electric bill for several months before noticing the price increase.
Many customers are using energy price comparison sites in order to stay on top of the best JCPL electricity rates so that they are always paying the least amount possible. If energy companies are unwilling to keep their prices low for their existing customers, it is up to the customer to stay on top of all of the prices in the market. Energy price comparison sites help the consumers find the best JCPL electricity rate at any given time.