12 Month Electricity Plans
When you sign up with a new electricity provider, you have to make a decision about the length of your contract. 12 month electricity plans are some of the most common. You agree to use a new company for one year, after which time you can choose a new provider.
Power companies offer contracts in all kinds of increments. Common lengths for electricity contracts include 6, 12, and 24 months. 12 month electricity plans are therefore a more or less intermediate option. More exotic lengths include 1, 3, 36, and 48 months.
Sometimes other features of a contract, such as the power source, can change along with the length. You’ll also have to contend with cancellation fees, which you’ll have to pay on your way out if you try to leave a long contract early. Make sure you know all the components of the plan you’re selecting.