Georgia natural
gas rates
Fixed rates or
Variable rates?
Residents
can exercise control
over
their Georgia natural gas rates and prices by not only
switching providers, but by comparing the benefits of two
different types of rate plans.
Before comparing Georgia natural gas rates or
providers, another important choice awaits you. There are essentially
two different type of
billing or rates plans that residents can currently
choose from; variable rate plans and fixed rate plans.
What's a variable
rate?
Simply put, it's the current market
rates or prices that Georgia natural
gas providers choose to charge. Generally speaking these
rates can be relatively
competitive. But what this type of plan offers most is flexibility.
No yearly or 6 month
contract is necessary and
you
are afforded the right to cancel your service and compare other Georgia
natural gas providers and prices at anytime without any penalty or
cancellation fees.
The only
potential problem is the sometimes
unpredictable natural gas price market. Keep in
mind that like gasoline or crude oil, natural gas is a world wide
commodity thats traded daily and outside factors can increase all
Georgia natural gas rates and prices.
In fact
this is why it's referred to as a
variable rate, because future market conditions are the
unknown in the
pricing equation.
How is a fixed rate
plan different?
A fixed rate plan allows residents to lock in a
particular rate for several months at a time. This offers potential
stability and security, because regardless of the market
conditions your
current rate will not increase.
Usually a fixed rate
can be locked in for 6 months and sometimes for an entire
year. But keep in mind that for
as long as you are locked in you are contractually obligated to
continue your service with a particular provider.
And if service is
terminated then most natural gas
providers in Georgia will charge you a cancellation fee for breaking
your contract.
It's also
important to note that the future is uncertain,
therefore there's no
absolute correct answer
for every household. But weigh the advantages and
disadvantages of both types of natural gas price plans and it pays to
keep seasonal conditions in mind.
Should
you
remain on a variable rate? Or is it time to lock into a low fixed rate?
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