[targa911S]

Ok I'm really stupid about this kind of stuff..so that said.
Right now I am getting my power from Penn power at a rate of $7.49 per KW hr.
I am not on a budget.
I got an offer from First Energy, a competing power company, to lock my rate in for the next 2 1/2 years at a rate of $6.99 per KW hr. Also not on a budget.

Now if in that time my original provider, Penn power, lowers their rate to below my lock of $6.99 PKWH with First Energy, it won't matter and I'm stuck with $6.99 for the rest of my term.

If for some reason First Energies rate goes below my lock, I can re-negotiate my rate with them, but I think that extends my term again for another 2 1/2 year deal.

Can anybody share any experiences with this kind of stuff? I did this with my gas company and got burned( no pun) pretty bad.

What say ye wise oracle?