Fixed Rate vs Unlimited Electric Plans

6 replies 472 views
Posts: 7 · Reputation: 15
#1Nov 12, 2020, 07:56 AM
So in NE Ohio, we've got two choices for electric rates: one is a fixed rate at 0.065 per KW, and the other is unlimited. The fixed rate locks you in for 3 years, costing around $160 a month. Unlimited seems to be one year and charges $119. Has anyone tried the unlimited plan?
2 Reply Quote Share
wallet_vaultFull Member
Posts: 321 · Reputation: 431
#2Nov 13, 2020, 04:01 PM
Wait a sec, is that fixed rate really fixed? I’ve seen contracts where they sneak in fees that can change your rate. If it's solid at 0.065 for 3 years, that might be decent. But watch out for hidden costs, man. They could mess things up.
3 Reply Quote Share
Posts: 7 · Reputation: 15
#3Nov 13, 2020, 07:02 PM
I'm on the lookout for their fine print. I told them I can't have any surprises with my usage, but yeah, companies nowadays are wild.
2 Reply Quote Share
whale420Senior Member
Posts: 727 · Reputation: 853
#4Nov 14, 2020, 12:58 AM
So, is that $119 unlimited rate per month? If it is, sounds like a big savings compared to $160 for fixed. But what's the catch? Are there limits on how many miners I can run on that? If one S19/pro is using around $160 at 0.065, the unlimited might actually help if it holds up.
3 Reply Quote Share
Posts: 7 · Reputation: 15
#5Nov 14, 2020, 05:20 AM
Yeah the $119 is monthly. I asked them a bunch of times if it covers 1000kw or 20000kw, and they said no limit. But honestly, I’m leaning towards the fixed rate for 3 years. Unlimited electricity for that price? Sounds too good to be true. I’ll let you know what I find in their fine print.
1 Reply Quote Share
whale420Senior Member
Posts: 727 · Reputation: 853
#6Nov 14, 2020, 11:25 AM
If there’s truly no limit, that raises a lot of red flags. Sounds kinda scammy unless they’re legit. Like, how can they offer unlimited power without charging more? The fixed rate looks safer to me.
2 Reply Quote Share
jakecobraFull Member
Posts: 326 · Reputation: 622
#7Nov 14, 2020, 12:58 PM
Unless they’ve got some alien power source, haha. Seriously though, you should check what kind of wiring they plan to hook you up with. Is it a 10 amp setup? That limits you to about 1584kwh a month, which is $102.96 at 0.065. Good deal for them, but not for heavy users like miners. Make sure you read the contract closely. It might only be for home use and not for running multiple miners.
3 Reply Quote Share

Related topics