Natural Gas Plans Types
If you're in the market for a natural gas plan, you'll be presented with two primary options; variable-rate, or fixed-rate.
Fixed Plan Term Lengths
Fixed-rate natural gas plans lock you into a monthly contract, which is usually 12 months in length. During this period, the rate you are billed will not change, even if natural gas rates go on the rise.
Fixed Plan Term Risks
However, it's important to note that your bill could increase depending on how much gas you use. It's your per-therm rate that stays ‘fixed' during a fixed contract, not your usage rate. The per-therm rate is multiplied by how much gas you use to get your monthly total.
What Are The Benefits Of A Fixed-Rate Natural Gas Plan?
1. The per-therm rate on your monthly bill will not change! This makes it easier to know what to expect. In some contracts, the provider will stipulate that you can change it once during your term. Make sure you read the terms and conditions so you know what rights you have.
2. If you struggle with monthly budgeting, a fixed-rate plan makes is simpler. Now, you'll know exactly how much your monthly rate will be. This allows you to more closely estimate your bill, so you know how much money to set aside.
3. Fixed-rate plans are typically 12 months, but you can find some for 6 and 18 too. This means you don't have to be locked in for longer than you'd like.
4. Companies who offer fixed-rate plans will do everything they can to get you to take them. This is because they'll receive a payment from you each month for 6, 12 or 18 months. As a result, fixed-rate plans often come with other bonuses and incentives.
Is A Fixed-Rate Plan Right For Me?
Besides the benefits mentioned above, a fixed-rate plan makes it easier to plan for 6, 12 or 18 months in the future. They can take a load off your mind, too. You won't have to worry about national rates fluctuating, or changing contracts for a long period of time.
This aside, there are certain things to be aware of. If you wish to cancel a fixed-rate contract midway through the term, you can incite a heavy cancellation fee. This can differ from anywhere between $100 to $150, so make sure you check with your provider.
Also, keep an eye on your contract and make sure you know when it ends. If it does end and you haven't organized another contract, the provider could automatically set you on a new plan. This could end up being a variable-rate contract, something that you may not have wanted.
Georgia's natural gas customers can switch companies up until the 19th day of each month, if they want their gas by the 1st of the next month. Keep an eye on the calendar!
How Can Competitive Georgia Gas Rates Help?
By entering your zip code into our online form, we'll present you with a list of plans applicable to that code. The type of plan is noted next to the plan price, along with any cancellation fees. This allows you to easily compare fixed-rate plans to pick the perfect one for you!
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