Switching electricity suppliers may seem simple, but an ill-considered decision can lead to unpleasant surprises in your bills. Before signing a contract, it is essential to understand how the electricity price is formed, what risks are associated with the specific offer, and whether it matches your household’s consumption habits. The Consumer Rights Protection Centre (CRPC) explains what to consider to ensure a smart and financially sound choice. Currently, three main pricing models dominate…
Switching electricity suppliers may seem simple, but an ill-considered decision can lead to unpleasant surprises in your bills. Before signing a contract, it is essential to understand how the electricity price is formed, what risks are associated with the specific offer, and whether it matches your household’s consumption habits. The Consumer Rights Protection Centre (CRPC) explains what to consider to ensure a smart and financially sound choice. Currently, three main pricing models dominate the market: 1. Fixed-Price Contract The consumer pays a fixed price per kWh for a defined period (usually 12 or 24 months). Pros: – Protection from market price fluctuations – Easier household budget planning Cons: – If market prices fall…
