What is deregulation?
Energy deregulation refers to the process of removing government controls over the energy market, allowing consumers to choose their energy suppliers instead of being assigned one by your local utility company.
In layman’s terms, it’s like how you can choose between different cell phone providers instead of being stuck with just one. This leads to more competition, resulting in a wider range of services and rates for consumers.
Is my state eligible?
How do I know I'm getting the best deals?
After uploading the bill you receive from your current provider, your account information and current supply rate will be available. Low Cost Power is able to compare your current rate to rates that we find in your local area. If we’re able to lower your rate, we will send you a notification via email to review the offer.
How much you save depends on your usage and market conditions which vary throughout the year. Our focus is on keeping you on the best rate available to us even if that means not using one of our partner suppliers.
Will there ever be an early termination fee (ETF) for my new rate?
The supply plans from competitive suppliers selected by Low Cost Power do not have early termination fees.
You may be subject to an early termination fee if you begin receiving service from a supplier selected through Low Cost Power before fulfilling a pre-existing contract.
Make sure to review your current energy supply contract to confirm the existence of any exit or termination fees.
Are there any hidden fees?
No! With Low Cost Power there are no hidden fees. We aim to keep everything as transparent and easy to understand as possible.
When can I get started?
Today! Enter your zip below to get started. You will not lose power during the transition to your new plan and your new plan typically begins within the next 1-2 billing cycles. Remember to contact your current provider regarding early termination fees.
How do I pay?
Pay as you have been doing. Your bill paying process will not change!
Thanks to deregulation, you are able to select the supplier of your energy, while continuing to use your local utility company. The only thing that changes is your rate.
When will my switch occur?
Each utility is different, but a switch typically takes effect in 1-2 billing cycles.
Will my electricity be interrupted during the transition to a new supplier?
No, your electricity service will not be interrupted and will continue to be delivered by your utility company.
Will my local utility company continue to service my account?
Yes. Although you will see your new supplier listed on your bill, your local utility company will continue to fully handle your account as usual. This includes meter readings, maintenance, and repairs.
Who do I call if my power goes out?
What happens if I move my home or business?
If you move to a new home within the same utility service area, you will likely be able to keep your current contract. Please contact us and we will help you navigate retaining services throughout your move.
Is Low Cost Power a supplier?
No, we are your energy advisor. We compare the utility default supply rates to the rates available to us to see if we can find a better rate for our users. When you sign up and upload your energy bill, we see if a better competitive supply rate is available than what you currently pay. If your electric supply rate is better then the competitive rates available, we’ll continue to monitor the market and let you know when we’ve found a better rate.
How does Low Cost Power make money?
If you switch to a new supply rate through us, one of our energy supply partners gets you as a new customer if they can make money while also saving you money. If both aren’t possible, your account will remain on the utility default rate. It’s that simple!
What does Low Cost Power do with my data?
Low Cost Power uses your data billing information to see if we can help you find a better rate. We do not sell your data and we only share it with your permission. The only data we access is data associated with your utility bill and utility account.
Still have a question? Contact Us