I wrote last month about how you could get 12,500 American Airlines AAdvantage miles for switching your energy provider to Energy Plus. While I believe (though can’t confirm) that offer is still valid, there is now also an offer that will give 10,000 Southwest Rapid Rewards points for switching energy providers to Energy Plus.
An interesting note is that my email said 12,500 points and the terms and conditions page said 10,000 so…. yeah. It’s not entirely clear on that. The full terms state:
- Earn 10,000 bonus points after two months of electric service with Energy Plus.*
- Earn Rapid Rewards Points every month on the supply portion of your electric bills.*
- Earn 2 points for every $1 you spend
- Earn 3 points for every $1 you spend, if you are a Southwest Airlines Rapid Rewards Credit Cardmember
- Earn 2 points for every $1 you spend
- Special promotional supply price – for your first 3 months (3 billing cycles) as a new Energy Plus customer, you’ll receive a special electric supply price that is 5% lower than Duke Energy Ohio’s supply rate based on the utility tariff in effect 3/1/15.* Click here to view the promotional supply price based on your utility and account type.
- Flexible month-to-month plan – after your promotional period ends, your ongoing electric supply price will be variable and can change each month. The supply price may be different, including higher, than the supply rate charged by your local utility company. Because Energy Plus has a Plan Ahead Feature, you can call us to find out what your electric supply price will be for your upcoming bill. Each month, you can evaluate your plan to determine whether it’s working for you. And remember, you can also cancel without a cancellation fee.*
The catch
I generally switch my electric and gas providers around every couple of months for awhile now, and I will say that it is not for the faint of heart. You REALLY need to be on top of things. Note in the “features” above the part where it talks about the “flexible month-to-month plan”. This is code for “the time where Energy Plus screws you over”. When “your ongoing electric supply price will be variable and can change each month“, that is a bad thing for you.
I actually am a current Energy Plus customer, or rather, I just swapped off of them, but I’ll be looking to swap back if/when they have a similar kind of offer.
What about you? Have you ever swapped your gas or electric providers for miles or anything else? What was your experience like? Let us know in the comments.
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How exactly do you do this? What do you mean by stay on top of? We are both in the CVG area abd I see a lot of these offers. Do you end up spending a lot of money on utilities?
I don’t spend any more money on utilities – every few months, I review the rates from different places and pick the cheapest one. I look for fixed rates and shorter-terms, though one thought I’ve had is wondering if I’m losing money based on the fluctuation of prices across seasons. You can google Ohio energy apples to apples chart to give you an idea.
Then once I swap, I write down when the rate will expire so I know when to start looking for a replacement rate.
Email me if you have more questions
Thank you! I’ll have to think about this one and maybe give it a try.