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How to spot a teaser rate before you sign

Switching 101

Teaser rates show 3-month intro pricing then re-rate. The 6 disclosures every offer must show + the math that exposes a teaser-disguised-as-fixed.

Featured infographic

Teaser rate timeline and disclosure requirements

Months 1-3: intro rate. Months 4+: re-rate. 6 disclosures expose every teaser before signing.

Open graph image · /og/teaser-trap.png

A teaser rate is an introductory price that holds for 1 to 3 months then re-rates to a higher contract rate for the remaining term. Six required disclosures expose every teaser: introductory rate amount, introductory period length, contract rate after intro, contract term, cancellation fee, renewal terms. If any of the six is missing or buried in fine print, the offer is non-compliant and likely a teaser.

The 6 required disclosures

1. Introductory rate amount in cents per kWh. 2. Introductory period length in months. 3. Contract rate after introductory period.

4. Contract term length. 5. Cancellation fee amount in dollars. 6. End-of-term renewal terms.

Red-flag supplier names

Door-to-door sales with promised intro rates 50+ percent below utility default. Phone sales pressuring sign-up before reading contract. Email offers requiring credit card up front.

Reputable suppliers (PUC-certified, BBB A or higher) ship clean contracts via secured online portals. Walk away from anything that resists clear disclosure.

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Common questions

Quick answers from the editorial desk

How long can teasers legally last?
1 to 3 months typical. Most states cap at 6 months. Texas EFL discloses introductory period in the bottom section of the label.
State-by-state teaser rules?
PA, NY, IL, MA: 30-day cancellation window post-signing. TX EFL discloses re-rate at signing. OH, MD: PUC-enforced disclosure rules.
Utility teaser?
Utilities do not offer teaser plans. Utility default service rates are regulated and identical for all customers.
File teaser complaint?
File PUC complaint if a supplier offered a teaser without proper disclosure. PUC can rescind contract and refund overpaid amounts.

Further reading

Pillar guide, cluster siblings, and state pages cited above

Sources

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