Which Length Of Natural Gas Deal Is Right For You?
At Georgia Gas Savings we understand that the perfect natural gas deal isn’t always the one with the lowest rate. Every consumer has different needs, and one of the biggest decisions is whether you should pick a long fixed-rate natural gas deal or a short one. Everything’s on offer, from 6 months to 60, so we’re going to break down your different options.
Why Should I Pick A Long Fixed-Rate Natural Gas Deal?
Companies in the Atlanta Gas & Light service area want you to sign up with them for as long as possible. This usually means that if you sign up for a long fixed-rate deal, you’ll save money on natural gas. As well as saving you money, fixed-rate deals make it easier to budget from month to month, since you won’t be hit with price fluctuations.
Short vs Long Term— What’s the Best Deal?
You can always switch to find the best natural gas provider at any point in your contract. However, many natural gas marketers in Georgia will charge you an early termination fee if you leave before the contract is up, in order to dissuade your switching to their competitors. This fee can be as high as $150. If you sign up for a multi-year contract, you’ll be protected from price spikes and increases. But, if natural gas prices fall over time, you might end up paying more for your gas supply. At which point, paying that cancellation fee might not be so bad.
Which Is The Best Short-Term Natural Gas Deal?
The shortest natural gas plan on offer in Georgia is a 6-month deal, offered by two marketers; the Infinite Energy 6 Month Fixed deal and the Just Energy RateShield 6. Out of the two, the Infinite Energy plan is the cheaper; it costs $0.599 per therm, compared to $0.780 per therm for the Just Energy deal. While $0.599 per therm is high compared to prices on longer plans, remember that short term plans give providers less of a return and so they are priced higher.
Which Long Term Natural Gas Plan Is The Best?
If you really want to lock in natural gas prices for the long term, then the Infinite Energy 60 Month Fixed deal is the one for you. It costs the same as their 6-month deal, coming in at $0.599 per therm. It’s important to note that this plan does not come with an early termination fee, unlike many other providers, which allows you to switch to natural gas provider of your choice in the future. This plan is also offered for 36, 24 and 12 month periods at the same price.
Which Is The Cheapest Natural Gas Plan Overall?
These extremely long and short plans fill important niches, but most Georgia natural gas consumers will be concerned primarily with their monthly utility bills. The best way to save money reliably is to pick up a cheap fixed rate natural gas deal. The Constellation 24 Month Metro Home Plan is significantly cheaper than the long and short plans we’ve looked at. It comes in at just $0.389 per therm, a whopping 21 cents per therm saving against the Infinite Energy alternatives. Bear in mind, though that this comes with a $150 early termination fee.
Which Is The Best Plan For My Home?
If you’re looking for long-term stability then you’re best off picking the cheapest natural gas plan on the market. While this may prevent you from shopping around as easily, you won’t need to switch if you’ve already secured an excellent price for natural gas. If you want to stay one step ahead of the market, take a look at the new Georgia Gas Savings app – it lets you compare and switch in minutes from your smartphone: