Power Wizard is an innovative service that aims to help consumers save money on their electricity bills. It does this by analyzing your electricity usage patterns and identifying potential ways to reduce your energy consumption. Let’s explore the legitimacy of Power Wizard and its cost, ownership details, cancellation process, and whether it offers services for businesses — as well as the benefits and drawbacks of a Power Wizard membership.
Is Power Wizard Legit?
Not to be confused with another Power Wizard company that offers electric fence chargers, electric fence energizers, and fence wires, the Power Wizard we’re talking about here claims to help people save money on monthly electricity costs.
When a company promises to save you a fair amount of cash on something like utilities, it may raise some red flags about its legitimacy. This is why many people may question just how legit Power Wizard is when considering using its service. You can rest easy knowing Power Wizard is a legitimate company that’s provided energy-saving solutions to consumers since 2019.
Power Wizard earned itself a strong reputation in the utility cost-saving industry, gaining the trust of many customers who have benefited from their services. Power Wizard has a reputation for delivering high-quality solutions and good customer service for those looking to reduce their electricity bills, which its 4.4-star rating on Trustpilot is evidence of. Furthermore, 82% of customers rated it 5 stars, and another 8% of customer reviews gave it 4 stars.
Power Wizard has built up a team of experts with the experience and knowledge to analyze your electricity usage data and provide the best electricity plan to lower your utility costs, with no hidden fees or gimmicks. Understanding your energy consumption patterns, Power Wizard can also suggest potential cost-saving measures tailored to your specific circumstances.
When you choose Power Wizard, you can have peace of mind knowing you are working with a reputable company that values your satisfaction. Its track record of positive reviews and industry recognition further validates its legitimacy and commitment to providing effective energy-saving solutions.
What Is the Cost of Power Wizard?
Power Wizard offers two membership plans to meet different customer needs. These plans have different features, allowing you to spend less if you need fewer features or more if you want a more robust offering.
When you look at the Power Wizard plan options and costs, be sure to account for the potential savings the plan can bring. Power Wizard can help optimize your energy consumption and reduce your bills by analyzing your electricity usage and providing personalized recommendations. The savings you enjoy on your electricity bills may outweigh the Power Wizard membership fees, making it a worthwhile investment.
With a basic Silver DIY membership, you can access Power Wizard‘s core features, including:
- Electricity plan search: Power Wizard’s innovative technology compares hundreds of electricity plans in seconds and presents you with the best options. Moreover, it filters out bad and gimmicky options, so you only see the best of the best.
- Ongoing market monitoring: While on your current plan, Power Wizard will continue to monitor electricity plans and adjust your offerings.
Access to the Silver DIY plan is a one-time fee of $14.95.
If you want even more help saving cash on your electric bills, the Gold VIP option may be for you. Along with all the Silver DIY plan features, Gold VIP members get the added benefits of:
Enter your ZIP Code and compare electricity rates
- Hands-off enrollment: Power Wizard handles the enrollment in your new electricity plan and the cancellation of your current plan.
- Contract reminders: You no longer need to track your contract expiration date. Power Wizard will remind you when the end date is near.
- Always getting the best plan: Power Wizard handles the renewal of your current plan or the cancellation and replacing of it with a better plan, whichever saves you the most money.
The Gold VIP plan will set you back $10 per month.
Carefully review the Power Wizard membership options so you know you’re selecting the best one for your needs and budget. If you prefer to be hands off and still get the best electric deals, the VIP plan may be for you. If you need a little guidance to save on your monthly electric bill but prefer to do it yourself, the Silver DIY plan is likely your best option.
Who Is Power Wizard Owned By?
NextEra Energy Resources, LLC owns Power Wizard. This company has its hand in all corners of the electricity industry, as it’s also a wholesale power generator and is the world’s largest generator of renewable energy from wind and sun, and operates power plants. Additionally, it has a hand in developing critical electricity infrastructure.
It’s understandable to feel a little skeptical about getting discounted electricity plans from a company with its hands so deep in the industry. However, Power Wizard is dedicated to offering unbiased service to its customers and focusing on saving them money, whether that’s with one of NextEra Energy Resources, LLC’s electricity providers and affiliates or not.
How Do I Cancel Power Wizard?
Power Wizard’s Gold VIP plan automatically renews each month, so you never have to worry about losing benefits. However, if you decide the service isn’t right for you, Power Wizard does allow you to cancel.
You can do so by calling the company at 855-475-8315 and advising the representative of your decision to cancel. The representative will review your account and offer guidance but will ultimately cancel your account if you still wish to.
Keep in mind that canceling your plan means you’ll no longer have ongoing market monitoring or automatic contract renewals. You’ll have to handle all your electricity shopping yourself after the end of your subscription.
Does Power Wizard Service Businesses?
Power Wizard has great tools meant specifically to help residential customers get the best electricity rates. Unfortunately, this fine-tuned system is not set up to help businesses with energy plans that can save them money on their energy bills.
What Contract Terms Are Available?
When you choose one of the electricity plans from Power Wizard, you will enter a set contract with the provider for a specific number of months. The length of the contract depends on the rates at the time. Generally, you’ll receive contract offers of six to 12 months. However, these terms can go as short as three months.
You could also receive a contract offer for up to two to three years. These extra-long contracts generally only happen when Power Wizard has found a great deal that’s simply too good not to lock in for the long term.
Regardless of the term, Power Wizard’s contracts are all fixed rate, acting as an insulator from varying power rates. This allows you to receive consistent and predictable electricity bills.
What If I Move?
Entering into a three- or six-month contract likely wouldn’t be a big concern for many Texans who are considering Power Wizard. However, a contract of two to three years could leave you worried that you may want to move before the end of the contract and wondering what would happen in this case.
Fortunately, many of the electric company contracts Power Wizard obtains for you are transferable to your new address without an early termination fee or hassle.
Pros of Power Wizard
From the looks of it, Power Wizard has a lot to offer homeowners and renters alike. Let’s review some critical pros of using the Power Wizard service.
Easy Electricity Shopping
Likely the biggest pro of Power Wizard is how hands-off its shopping experience is. Simply enter your ZIP code, and Power Wizard finds all the available contracts and presents them on one page, with all the terms front and center. Then, if you upgrade to the Gold VIP level, Power Wizard even handles setting up your account.
Potential Savings at Renewal
At the Gold VIP level, Power Wizard will review all the available utility contracts and see if prices have changed. If so, it’ll recommend the best rates for you. This could potentially save you even more money if rates have fallen. Plus, Power Wizard will handle canceling your current service and switching to the new service.
Cons of Power Wizard
Power Wizard has a lot to offer, but it’s not for everyone. Let’s review some of the cons of opting for this service.
Paying for Public Information
First, it’s critical to remember that all the information and pricing Power Wizard offers you is publicly available. At the Silver level, you’re paying Power Wizard $14.95 to organize the contract offers and make recommendations. And at the Gold VIP level, you’re paying $10 monthly for Power Wizard to monitor the market, find better deals once your contract is up, and handle switching your electric company if it finds a better deal at renewal time.
If you’re a savvy shopper, you can find all this information yourself at the Public Utility Commission of Texas website, Power to Choose, and save the fees.
Long-Term Contracts
Some electricity company contracts are for 12 months or longer. If you opt for the Gold VIP option, you’ll pay for a full year of Power Wizard’s services, but the company only works once for you if you get wrapped up in a 12-month contract.
You can maximize the number of times Power Wizard goes to work for you by opting for shorter electricity contracts in hopes of getting a better rate by using the service again. Unfortunately, there’s no guarantee you’ll save money with this strategy.
Power Wizard Helps but It Comes at a Cost
Power Wizard is a useful option for those who want to save on their electric bills but don’t want to spend time hunting for the best deals. However, this convenience also requires extra cash, whether it’s the one-time $14.95 fee for 60 days of access or the yearly subscription at $10 per month with concierge-like service.Power Wizard is a useful option for those who want to save on their electric bills but don’t want to spend time hunting for the best deals. However, this convenience also requires extra cash, whether it’s the one-time $14.95 fee for access or the yearly subscription at $10 per month with concierge-like service.
If you want to save money on your monthly bill by getting the best electric rates without a subscription, Just Energy has many great residential and business plans. Check out all our electricity plans today to see how much you can save.
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