Wow....I figured their scheme would be to raise rates from month two onward but I thought the most they would go up would be something like 10-20%. With low-usage months (Sept-Nov) coming up (mid-Atlantic region) I thought it would be worth it. Now reading these stories I'm a bit worried what I'm going to end up spending, even though it is low-usage season. My plan the whole time has been to cancel once the sign-up points post. Can anyone confirm when exactly the sign-up bonus miles/points posted for them?
Energy Plus is a pure bait-and-switch operation. Beware.
Their executives are the former First USA credit card management team. Their true business is customer acquisition - not providing power. The prices they will charge you will increase significantly from the initial rates that they show.
Just got an offer for: "Earn Up To 15,000 AAdvantage® Miles" as follows:
" Earn 12,500 American Airlines AAdvantage® bonus miles after two months of electric service*
Earn an additional 2,500 AAdvantage bonus miles after two months of natural gas service*
Year-round unlimited miles — earn 2 AAdvantage miles for every $1 you spend on the supply portion of your bills*
Month-to-month variable rate plan where you are not locked in to a long-term commitment**"
Just saw the following promotion via email to my gf's account.
Choose Energy Plus® to supply electricity to your home or business and enjoy the following:
Earn 12,500 American Airlines AAdvantage® bonus miles after two months as an Energy Plus customer*
Year-round unlimited miles — earn 2 AAdvantage miles for every $1 you spend on the supply portion of your electric bill*
Save up to 10% with a variable supply rate that is up to 10% below your local utility company for new customers**
No fees and no long-term commitment required
The option to go green and support 100% wind power
Switching to Energy Plus is easy, plus you'll receive the same reliable service from your existing utility company.
Bolding mine. Seems to be targeted, as I see nothing on the standard offer page that indicates this mileage offer, and I haven't seen any posts on this so far either. No email for me since I already signed up two months ago.
This beats their standard offer of 5,000 by a longshot. The next best offer I've seen is the 7,500 mile offer from the end of last year.
I switched too, will get a 10,000 mile bonus after my second month. As soon as I get my miles, I am out of there and switching to a contract plan. Here in Texas, Reliant is offering a fairly sweet AA mile program for 2 years. 7,500 at enrollment, 500/month, and 5,500 bonus at end of term, all with a locked in rate.
Buyer beware with Energy Plus, my first month bill for 6 days was around 9 cents/KWH, my second bill jumped to close to 19 cents/KWH. I called to complain, explaining that I understood variable rates (I have an MBA with a focus in energy investment analysis, I know variability), but that kind of jump was not market variability and not a good way to convince me to stay with them as my energy supplier. They switched me to a bulk account and issued a 20% credit to my account. As soon as my miles post to my account, they will lose my business.
I estimate that my electricity is going to run me about $75 extra for the two months I am with them, which is $150 total for 10,000 miles + the 600 or so that I get for usage. That puts me at about 1.4 cents per mile. Not as cheap as I would have liked, but not killing me.
Programs: AA-Hilton-Raddison-BA-Benihana.. ALL PLATINUM LT
Posts: 737
Quote:
Originally Posted by LSGator
I switched too, will get a 10,000 mile bonus after my second month. As soon as I get my miles, I am out of there and switching to a contract plan. Here in Texas, Reliant is offering a fairly sweet AA mile program for 2 years. 7,500 at enrollment, 500/month, and 5,500 bonus at end of term, all with a locked in rate.
Buyer beware with Energy Plus, my first month bill for 6 days was around 9 cents/KWH, my second bill jumped to close to 19 cents/KWH. I called to complain, explaining that I understood variable rates (I have an MBA with a focus in energy investment analysis, I know variability), but that kind of jump was not market variability and not a good way to convince me to stay with them as my energy supplier. They switched me to a bulk account and issued a 20% credit to my account. As soon as my miles post to my account, they will lose my business.
I estimate that my electricity is going to run me about $75 extra for the two months I am with them, which is $150 total for 10,000 miles + the 600 or so that I get for usage. That puts me at about 1.4 cents per mile. Not as cheap as I would have liked, but not killing me.
Do you know of any websites to compare electricity rates? I was with reliant energy and pretty sure they screwed me over multiple times.
Yeah, me too. I switched in hopes of getting the extra miles before 12/1.
Deb
Don't sweat it. Assuming you're usage isn't crazy, it's probably worth it to use EnergyPlus for 3 months...or however long it takes to get the signup bonus to post. Just make sure you switch away right after it posts.
Great information here. I may still switch to get the 12,500 miles. I'll stay long enough to get the miles - - but will certainly watch my bill and switch again if they jack the rate up.
