We understand price matters. We’ve built our business on offering the right plans at the right prices. We monitor utility and supplier rates to make sure our pricing stacks up against the competition.
At Oasis, we understand that price matters. Here’s what you should know about how we determine our rates:
How Oasis Energy Lowers Electricity Bills
Your energy bill is a monthly snapshot of how much electricity you used in the prior month, along with how much you must pay to keep the lights on for the next month.Beyond that, if you know where to look, your bill contains some useful information regarding your energy usage and energy rates. While it varies location by location, most electricity bills are broken down into two parts.
- Distribution or Delivery Charges: This is the cost that you pay to the utility for maintaining the poles, wires and transmission stations to get the electricity to you.
- Supply Charges: This is the cost of the actual electricity you have used. This can also be called the generation charge, and is determined by the price per kilowatt hour x monthly number of kilowatt hours.
- By knowing the parts of your utility bill and the math behind it, there a couple of things you can do to save money.
- By using less electricity, you’ll end up paying less.
If you live in a deregulated state, you have the option to switch your energy supplier and pay considerably less for your electricity.
How Deregulation Affects Electricity Prices?
As a customer in a deregulated energy market, you are often told that competition helps drive down prices. This because of energy suppliers, like Oasis Energy, buy units of energy in a competitive open market from companies that either generate electricity or process natural gas. You pay less because we pay less.
The prices you see on our rate plans today reflect our projections on what a fair and reasonable price would be for the term of the contract based on present market conditions. However, energy prices go up and down over time with changes in the market.
Why Energy Rates Differ Based on Contract?
The rates we quote on any given day are ultimately determined by how much we anticipate paying for gas or electricity over the length of the contract. The longer the contract, the more we may need to anticipate a higher swing in price over that time. That’s why those prices may reflect a marginally higher rate.
While today’s shorter term contracts may have a lower unit price than today’s longer-term contract, this may not be the case when it’s time to renew.
How Should I Choose My Electricity Plan?
When considering what length of the contract to select, consider the following:
- If you prefer the peace of mind that comes from knowing that your price won’t change for a long time, then a longer contract might be for you.
- If you feel like it’s a hassle to sign a contract and shop around for the best price, the longer contract may be the answer.
- If you move often or don’t want to worry about early termination fees, shorter contracts may be your best bet.
- If you always like to find the lowest price, then shorter contracts might be what you’re looking for.
But remember, it’s very difficult to anticipate the future movement of the market and it’s not necessarily cyclical. It’s also driven by many factors. Be careful trying to anticipate market movement when deciding on the term of your contract.
How Do I Get Started with Oasis?
You can find out if you live in a qualified area by entering your zip code below.