How to Cancel Gexa Energy

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GEXA Energy Refund Policy

Gexa Energy provides a "Happiness Guarantee" to new residential customers, enabling them to transfer to another plan within 60 days of service initiation if they are dissatisfied. Residential deposits can be recovered after 12 consecutive months of timely payments, however, refunds for service cancellations are handled on an individual basis. To contact customer support, ask about refunds, and check your contract's cancellation restrictions. Despite the ambiguity in the return policy, calling customer care and examining your contract will yield precise information.

How Much Can You Save After Canceling Your Gexa Energy

Eliminating Gexa Energy's electricity plan may result in large savings, however, it is impossible to estimate the exact amount. Savings can be influenced by factors like as the existing plan, alternative provider pricing, and the Early Termination Fee (ETF). To calculate potential savings, compare your current rate to alternative rates, and multiply the difference by your projected usage. If you're canceling once your contract expires, consider the ETF, which may require more than three months to reclaim. Before making a final decision, make sure that you verify contract details and possible ETFs. Studying competitive rates can result in long-term savings.

Where to Invest that amount

Cash Individual Savings Account (ISA)

The Cash Individual Savings Account (ISA) provides tax advantages for earnings, but there are annual contribution limits.

Prize Bonds

Prize Bonds constitute a safe savings account that has the ability to earn rewards with different yields.

Peer-to-Peer Lending

Platform-based loans provide larger yields than bank accounts, but default is an issue. The system's risk assessment and diversification abilities should be evaluated.

Alternatives to GEXA Energy

Just Energy

Just Energy is another big REP that operates in multiple states. They provide both fixed-rate and green energy options.

Constellation Energy

Constellation Energy is a significant retail energy company focused on renewable energy solutions. 

Addison Energy

Addison Energy is a commercial energy company that focuses on energy conservation plans. They provide plans in some states.

Conclusion

To discontinue Gexa Energy, follow these steps, call customer service, and learn about the fees. Research different energy providers to find the best cost and plan appropriately to save cash on your account. Ditch the spreadsheets and late fees. Beem simplifies your finances. Download today and experience smarter money management.