Energy Plus offering 12,000 United miles plus 2 or 3 miles per dollar spent, no term, no fixed rate

DON'T DO IT!!!

I tried it last year. The going rate here in NY was about 6 or 7 cents per kWH at that time. I switched to Energy Plus for the promo and their rate turned out to be 23 or 25 cents per kWH.

Even though there is no commitment or cancellation charge, you need two months to get the bonus, then maybe another month to cancel... you would have paid more to E+ in that time than the miles are worth.

Quote from Woz2000 : DON'T DO IT!!! I tried it last year. The going rate here in NY was about 6 or 7 cents per kWH at that time. I switched to Energy Plus for the promo and their rate turned out to be 23 or 25 cents per kWH. Even though there is no commitment or cancellation charge, you need two months to get the bonus, then maybe another month to cancel... you would have paid more to E+ in that time than the miles are worth.

you are saying that they tripled your rates in a 3 month period. I find that very hard to believe. I know in Texas that is not possible.

No, I am saying the rate tripled in the FIRST month. This is a market rate, they can pretty much charge whatever they want. That is why there is no commitment.

If you want to PayPal me $10 for my time, I will dig out the old statements and pdf them to you.

Quote from WWIII : you are saying that they tripled your rates in a 3 month period. I find that very hard to believe. I know in Texas that is not possible.

I tried this couple of times in the past. The rates were 2-3 cents higher than average but worth the mileage you're getting, especially if you don't use that much electricity during the winter time.

At which point do they tell you what rate you get?

i live in NJ and used PSE&G before switching to Energy Plus. My first two months (Sept and Oct.) the rate for Energy Plus was slightly lower than PSE&G. My bill still comes from PSE&G and it shows the comparison of Energy Plus vs. PSE&G, so I'm pretty sure I'm not overpaying. At least not yet.

I just received 7.5K miles last week, and expect 2.5K more in a month, so yes, it takes forever for the miles to be in your account.

I remain skeptical because of what I've read, but so far I haven't been screwed. Hoping that the rate isn't jacked for one month so I can get the bonus and then I might just switch back to PSE&G to avoid any potential hassle

Quote from lotusgardener : At which point do they tell you what rate you get?

when you select your state.

Okay, I dugged out my old statements so you are getting the exact picture, not some fuzzy numbers from my memory:

This is NYC area serviced by ConEd
June 2011 ConEd 6.2 cents/kWH
July 2011 ConEd 7.7 cents/kWH
Aug 2011 ConEd 8.1 cents/kWH
Sept 2011 ConEd 8.1 cents/kWH
Oct 2011 ConEd 5.7 cents/kWH
Nov 2011 Energy Plus 14.875 cents/kWH <--- switched to Energy+
Dec 2011 Energy Plus 21.875 cents/kWH
Jan 2012 Energy Plus 21.875 cents/kWH
Feb 2012 Another Supplier 6.0 cents/kWH <--- fastest I could switch out!!!!!

Note the big jump after the first month.

If you live in anything more than a bachelor's apt, you will probably pay more than the miles are worth in the 3 months you are billing to them.

Some posters have said their rate was only a little higher, so maybe they stopped the gouging in the past few months, but I got SCREWED!!!! And since it is a 'market' rate, they are free to screw again anytime they please!