Here's the deal. I agreed to a 3 year contract about 3 months ago for natural gas at $1.575/ therm. Now natural gas has plummeted and I have an offer from a gas marketer here in Georgia for a 12 month fixed rate at $1.03/therm.
To opt out of my current gas marketer I would incur a $150.00 early termination fee. The new marketer will credit $50.00 of any cancellation fees on my new bill leaving me on the hook for $100.00.
Current company tells me they will, as a 1 time courtesy call, reduce my rate to 1.189/ therm for 12 months and waive the remaining 2 years. Seems to me I'd do better to eat the $100.00 and go with the new gas marketer. This new gas marketer was the one I just cancelled a few months ago. Also receive a $25.00 Visa Gift card.
I don't have my old bills showing how many therms I used in the past year but I would think I stand to save more than $100.00 for the next 12 months. I realize I could be paying more than $1.575/therm after 12 months but this seems too good to pass up. What would you guys do?
To opt out of my current gas marketer I would incur a $150.00 early termination fee. The new marketer will credit $50.00 of any cancellation fees on my new bill leaving me on the hook for $100.00.
Current company tells me they will, as a 1 time courtesy call, reduce my rate to 1.189/ therm for 12 months and waive the remaining 2 years. Seems to me I'd do better to eat the $100.00 and go with the new gas marketer. This new gas marketer was the one I just cancelled a few months ago. Also receive a $25.00 Visa Gift card.
I don't have my old bills showing how many therms I used in the past year but I would think I stand to save more than $100.00 for the next 12 months. I realize I could be paying more than $1.575/therm after 12 months but this seems too good to pass up. What would you guys do?