Originally Answered: What's the difference in electricity plans?
Electricity wholesalers buy electric in "blocks", they in turn sell what they have bought to the consumer for a profit. Just like any other commodity, electricity is now purchased on the "open market". When a wholesaler buys short term blocks during "off-peak" seasons, his price is lower, however, when he buys during the peak months, his costs are higher. You can bet on a wide range of prices with these wholesalers, as opposed to a steady/consistent price with a larger utility. Be aware that if it seems too good to be true, it probably is and look out for hidden fees. Also remember that whomever you choose as a supplier, your local utility will be the deliverer and still charge you a fee for "pipes/wires" maintenance-billing-and basic service. From my experience it is somewhat hard to switch back once you've chosen a wholesaler, and often the bills are very confusing. I'm sure it does pay-off for some people or they wouldn't still be in business, but I haven't met anyone yet.