ABSTRACT
One of the options inherent in competitive retail power procurement is the ability to negotiate the supply contract. If two bidders offer the same price and neither will budge or offer additional perks to seal the deal, a supplier may instead be flexible and accept one or more of the above to do so. If a fixed price was taken, there is very little oversight needed. If a floating price is involved, it needs to be checked monthly against whatever index is specified in the contract. One of the main "errors" found in bills with floating pricing is that, after a price spike has passed, the price somehow fails to drop back to a normal level. If a floating price contract allows the supplier to lock in tranches of energy as low-price opportunities arise, be sure they do not extend the ultimate term of the contract without their permission.
