Key Takeaways
- Choosing an electric service provider involves hidden costs beyond the rate per kilowatt.
- Consider deposit requirements when evaluating affordability; Pogo Energy does not charge deposits.
- Late payment fees can add up, but Pogo Energy does not impose these fees.
- Cancellation and early termination fees can be costly when switching providers.
- Pogo Energy aims to minimize additional fees, focusing on transparent pricing.
Choosing an electric service provider can be a daunting and overwhelming task. It would be nice if you looked at the cost per kilowatt to determine what you will be paying for your electricity. Unfortunately, there are some other charges that you need to consider to see a complete look at what you will be paying. We have done some research and will list the most frequently added charges you should consider when signing up with an electric company.
Are you required to pay a deposit?
No matter how you look at it, paying a deposit is money that you once had but no longer have. Many electric service providers require a deposit for new electric service to begin. The electric deposit amount should be considered when you measure the affordability of an electric plan. Pogo Energy is not one of those companies; that’s why we don’t charge a deposit for electric service.
Do electric service providers charge late payment fees?
Most of us do our best to pay our bills on time. Let’s face it, sometimes we get busy, and we forget. That’s when we get stuck with late fees. How much an electric company charges when you are a little late paying your bill matters. If you have a $20 late fee on your bill, that is more money going to the electric company and less money spent on the things you want and need. Pogo doesn’t have any late fees.
Cancellation Fees
When you decide to part ways with your current electric service provider, ending the relationship can be costly. Some electric companies tack on a cancelation fee. This fee is often subtracted from the initial deposit.
Early Termination Fees
The cancellation fee is separate from the early termination fee you pay if you break your electric service contract early.
Most people today don’t think twice about paying extra fees because they assume they’re universal, regardless of the company. Pogo Energy is a different kind of electric company. We don’t like fees, so we strive to charge only what is necessary. Ready for a different kind of electric service provider? We are ready for you to switch to Pogo.