Just like how you have the power of choice when picking a natural gas provider, you also have options when it comes to picking a natural gas rate payment plan. And since they come in all shapes and sizes, there’s a plan out there that’s a great fit for you. Read more about your gas plan options below.
Variable Rate Plans
Similar to prices for your car’s gas, variable plan rates can change depending upon changes in the wholesale market price for natural gas. Once a month, providers determine the per-therm price based on variables in the marketplace and their own operational costs. They then charge their customers for the monthly natural gas service based on that rate.
With this plan, customers take the gamble of either having rate increases or decreases throughout the year. And, an increased demand for natural gas – such as during the hottest and coldest months of the year – can make your natural gas prices jump up.
Fixed Rate Plans
Sort of like paying rent every month, fixed rate plans allow you to sign a contract agreement with a natural gas company so that you’re billed the same amount each month, either for 6, 12, or 18 months. However, if you have to cancel the service before the term is up, then you could be charged a cancellation fee, which is often around $100.
Fixed-Flex Rate Plans
Falling somewhere in between a fixed rate and and a variable rate payment plan, some natural gas providers offer a fixed flex rate pricing option. This unique type of plan allows you to adjust your per-therm rate once during the course of your contract.
Pre-Pay Rate Plans
Some natural gas providers offer a pre-pay plan where new customers simply pay in advance for the expected costs of their natural gas service that month. The gas company then adjusts the amount owed on the next bill, once they read the gas meter and know the actual gas usage for that billing period. They then apply the difference toward your next month’s bill.
Senior Citizen Discount Plans
For those older, natural gas customers out there, rest easy knowing that your natural gas provider is working hard to keep your lights on and your home comfortable at a reasonable rate. The qualifications to apply for a senior citizens' discount may vary, so it's important to check with your natural gas provider to find out what their specific requirements are.
Providers may or may not offer all these varieties of payment options, so be sure to enter your address in the top right box above to find out which plans and providers are offered in your area.