As the New Jersey electricity choice market continues to mature more companies and product offers are becoming available to customers in the garden state. Recently TriEagle Energy, a company based in Houston, TX, entered the residential New Jersey electricity market offering service to customers in the PSEG, JCPL, and Atlantic City Electric service territories. New Jersey is only the third state the privately owned energy company has decided to offer service in, showing just how attractive New Jersey has become to energy companies compared to other states.
TriEagle Energy is offering fixed electric rates for 12, 24, and 36 month terms in all three service utility areas. The three year fixed rate offers are the lowest priced showing a recent change in long term energy prices. Until recently shorter term rates had been lower priced due to long term uncertainty that kept future prices high. Now that the tides have turned it will be advantageous to many consumers to lock in a long term fixed electricity contract in order to protect themselves from potential utility rate hikes.
For many first time electricity shoppers locking into a fixed rate contract for two or three years might be intimidating. However, with current long term electric rates being the lowest available, it makes a lot of sense to secure the lowest fixed rate possible in order to maximize your electric bill savings today and be protected from likely energy market spikes to come in the coming months and years.