{"id":1630,"date":"2021-11-03T11:49:12","date_gmt":"2021-11-03T16:49:12","guid":{"rendered":"http:\/\/www.georgiagassavings.com\/blog\/?p=1630"},"modified":"2021-11-03T11:49:12","modified_gmt":"2021-11-03T16:49:12","slug":"grab-12-month-gas-rate-valdosta","status":"publish","type":"post","link":"https:\/\/www.georgiagassavings.com\/blog\/grab-12-month-gas-rate-valdosta\/","title":{"rendered":"Grab This 12 Month Gas Rate In Valdosta"},"content":{"rendered":"
\"Switching
How much does it really cost you to switch from a 12 month gas rate? It depends on what you’re switching to. Let’s dive into the math and find out!<\/em><\/center><\/figcaption><\/figure>\n

How to Land the Cheapest 12 Month Gas Rate Near Me?<\/b><\/h2>\n

If you\u2019re looking for a great 12 month gas rate in Valdosta, there\u2019s one tempting trick you don\u2019t want to fall for. Our <\/span>Atlanta Gas Light (AGL)<\/span><\/a> customers might have heard the benefits of jumping off plans in spring to make savings on cheap shoulder month rates. However, for many 12 month plans, that\u2019ll mean coughing up for early termination. Subsequently, this extra cost might just turn the treat of cheaper rates into a money-wasting trick.<\/span><\/p>\n

Save When You Switch Gas Plans<\/h3>\n

What do we mean? Well, let\u2019s assume you go for the cheapest 12 month gas plan<\/a> on the market: XOOM Energy\u2019s <\/b>SureLock 12<\/b><\/a>. This plan comes with a 49.9 cents per therm rate, a $5.85 monthly recurring charge, and a $100 early termination fee. So, should you stay with this all year, or are you better off switching to a new plan in the spring? Let\u2019s see how these two scenarios play out!<\/p>\n

Scenario 1: You Stay on the Cheap 12 Month Rate<\/b><\/h3>\n

Firstly, what will 12 months on <\/span>SureLock 12<\/b><\/a> cost you? Well, the <\/span>Georgia Public Service Commission<\/span><\/a> puts the annual average household therm usage at 717 therms. So we\u2019ll plug this in for our calculations.<\/span><\/p>\n

12 Months on SureLock 12:<\/b><\/p>\n

49.9 cents per therm x 717 therms = approx. $358 therm annual expense<\/span><\/p>\n

$5.85 monthly recurring charge x 12 = $70\u00a0<\/span><\/p>\n

$358 therm expense + $70 in monthly charges = $428 total annual cost<\/strong><\/span><\/p>\n

Easy breezy! So that\u2019s $428 for 12 months in Scenario 1. But what about your other option?<\/span><\/p>\n

Scenario 2: You Switch to a Cheaper Rate<\/b><\/h3>\n

So here\u2019s where it gets tricky. Let\u2019s say you find a new 6 month plan with a lower 39.9 cents per therm rate in spring. So you need to factor in 6 months on SureLock 12<\/strong><\/a>, plus the cost of switching, plus 6 months on this new deal. We\u2019ll use 359 therms here for the 6 month calculations (that\u2019s half of the 12 month estimate of 717 therms).<\/span><\/p>\n

First 6 months on SureLock 12:\u00a0<\/b><\/p>\n

49.9 cents per therm x 359 = $179 therm expense<\/span><\/p>\n

$5.85 monthly recurring charge x 6 = $35<\/span><\/p>\n

$179 therm expense + $35 in monthly charges = $214<\/strong><\/span><\/p>\n

Early Termination Fee: \u00a0$100<\/strong><\/p>\n

Total 6 month cost: $314 or\u00a0$52.33 per month.<\/strong><\/p>\n

Second 6 months on the Cheaper Plan:\u00a0<\/b><\/p>\n

39.9 cents per therm x 359 = $143 therm expense<\/span><\/p>\n

$5.85 monthly recurring charge x 6 = $35<\/span><\/p>\n

Total 6 month cost:<\/p>\n

$143 therm expense + $35 in monthly charges = $178 or\u00a0$29.66 per month<\/strong><\/span><\/p>\n

Total 12 month cost:<\/b><\/p>\n

$214 for first 6 months + $100 early termination + $178 for second 6 months = $492<\/span><\/p>\n

So that’s interesting! At first glance, it looks like the cheaper rate doesn\u2019t save you enough over 6 months to cancel out the $100 you\u2019ll be paying for early termination. In fact, compared to sticking with the SureLock 12<\/strong> plan, the whole switching strategy appears to cost more by a full $64! But, the problem is this approach ignores how the new plan’s savings offset your costs.<\/span><\/p>\n

Where are the Gas Plan Savings?<\/h3>\n

Paying a lower rate saves you money. So, the amount you save can be used to offset the $100 charge for the ETF. If we compare the monthly costs of the two six month periods and factor in the savings per month, we see very different results:<\/p>\n

First 6 months on SureLock 12 + $100 ETF<\/strong> cost per month:\u00a0$52.33 per month.<\/b><\/p>\n

Second 6 months on new plan cost per month:\u00a0$29.66 per month<\/strong><\/p>\n

Amount saved per month on new plan: $22.67<\/strong><\/p>\n

Number of months to pay back ETF<\/strong>= $100\/$22.67 = 4.4 months.<\/p>\n

So, at the end of the second 6 months, not only do you pay back the $100 ETF, but you also save $36.27!<\/p>\n

Shop Cheap 12 Month Gas Rates Now!<\/b><\/h3>\n

So in summary, Valdosta natural gas<\/a> customers need to pay attention before chasing those cheap rates! Always be aware of how much early termination will cost you. So while switching does save you money, be careful when it comes to choosing your new plan. Do the math! After all, there are far more expensive ETFs out there that will wipe out any potential savings from a cheaper short term plan. That said, however, the SureLock 12<\/strong><\/a> plan winds up being a great money saving option! So grab this 12 month gas rate in Valdosta now, with\u00a0<\/span>www.georgiagassavings.com.<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

How to Land the Cheapest 12 Month Gas Rate Near Me? If […]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mbp_gutenberg_autopost":false},"categories":[168,161,16,160,169,152,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.georgiagassavings.com\/blog\/wp-json\/wp\/v2\/posts\/1630"}],"collection":[{"href":"https:\/\/www.georgiagassavings.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.georgiagassavings.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.georgiagassavings.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.georgiagassavings.com\/blog\/wp-json\/wp\/v2\/comments?post=1630"}],"version-history":[{"count":8,"href":"https:\/\/www.georgiagassavings.com\/blog\/wp-json\/wp\/v2\/posts\/1630\/revisions"}],"predecessor-version":[{"id":1638,"href":"https:\/\/www.georgiagassavings.com\/blog\/wp-json\/wp\/v2\/posts\/1630\/revisions\/1638"}],"wp:attachment":[{"href":"https:\/\/www.georgiagassavings.com\/blog\/wp-json\/wp\/v2\/media?parent=1630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.georgiagassavings.com\/blog\/wp-json\/wp\/v2\/categories?post=1630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.georgiagassavings.com\/blog\/wp-json\/wp\/v2\/tags?post=1630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}