You might have heard that Powershop rates have gone up. Let's look at the real math behind the bills.
You might have heard someone say "Powershop got expensive". Is it true? The answer is: It depends on how you use it.
Powershop's standard rates (if you do nothing) are indeed slightly higher than the cheapest "bare-bones" retailer on the market. If you never open the app, you might pay 5% more than necessary.
Here is the math that matters most:
Even if Powershop costs you $10 more per month than the cheapest provider, the $275 Sign-up Credit covers that difference for 27 months!
By the time that credit runs out, you can simply switch to another provider. There are no lock-in contracts. Staying away because of a 1c/kWh rate difference means missing out on $275 free cash.