A recent Ohio State University study has revealed that more than 70% of the most popular retail electricity offers actually cost more than the default price.
That means that consumers often pay more when they shop for a power supplier rather than go with the standard provider.
“The offers that were saving for consumers were about 5 to 10% at best. So the savings were about 300% smaller than the costs,” said Noah Dormady, the lead author of the study. “And so when these markets historically have offered cost savings, the cost savings have been minuscule compared to the cost increases in these markets.”…