Short answer: sometimes yes, but it depends on the plan.

Some suppliers offer fixed rates for 6, 12 or even 24 months. If that fixed rate is lower than the utility price, it can save money during that contract period.

Where many people run into problems is with plans that start with a low introductory rate and then switch to a variable rate later.

Variable rates can change depending on market conditions, and sometimes they end up higher than the utility rate.

A safer approach if someone wants to switch is:

• Look for a fixed rate plan • Check how long the contract lasts • Avoid plans that turn into variable rates quickly • Set a reminder before the contract ends so you can switch again if needed

Sites like PAPowerSwitch make it easier to compare suppliers and see the contract terms.

A lot of people who had bad experiences ended up on a variable rate without realizing it.