Electricity choice in Delaware has come along way over the last decade. Once upon a time, despite legislation that allowed consumers to purchase their power from alternative companies, few suppliers had actually moved into the state to give consumers options. Today the market landscape is much different as close to a dozen competitive suppliers compete for Delaware electricity customers. Comparing electricity suppliers in Delaware allows customers the ability to pay lower prices as well as find energy rate products that tailor to the individual, which was the major purpose of the energy restructuring act.
Over the last couple of years the Delmarva default price has fluctuated between $0.0846 and $0.1050, resulting in electric bills that have been difficult to predict for many budget sensitive consumers. Competitive Delaware electricity suppliers provide fixed rates that not only lower the Delmarva electric bill, but eliminate the price fluctuations. Customers can also compare offers based on the way the energy is created. While some people may be willing to pay extra for wind power, others are more price sensitive and prefer to have the lowest price.
Another important component of comparing electricity rate offers in Delaware is the offer’s early termination fee. The majority of rate offers are going to have an early termination fee. Early on in Delaware’s transition to a choice market, many consumers were turned off of the process because of the early termination fee. With time people have learned that in order for suppliers to offer low rates they must purchase the the electricity upfront for their customers, which is why supplies set termination fees. Despite this, some suppliers offer $0 early termination fees in order to entice new customers.