Elysian Energy operates on a unique subscription model: You pay a set monthly fee for a pre-allocated allowance of power split into Sun (7am - 7pm) and Moon (all other hours) periods.
If you're hitting at or near that target amount of energy every month, you could be getting your power at a competitive rate. Elysian has different prepaid allowances available for different household sizes.
However, if you exceed the allowance, you'll then be charged for any additional energy you use at an agreed-upon usage rate.
Because you prepay for a set amount of energy, you don't save money when you use less. Thus, you have a financial incentive to avoid using your own solar power, which is kind of strange.
Also, Elysian Energy doesn't sell natural gas plans, so you can't bundle your utilities.
Here are some perks with Elysian Energy:
- If your monthly usage is very close to Elysian's prepaid energy allowance, the subscription fees compare well to other providers.
- Elysian claims that it sources as much of its power as possible from its customers' solar panels (though the exact percentage can't be verified
- If you refer a friend and they sign up, you'll get a referral bonus of a $10 credit repeated across 3 months, adding up to $30 total.
What's the catch?
- Energy is split into different usage periods, and when you run out of your allowance in either period you'll have to pay for extra (at a high usage rate).
- If you use significantly less energy than what you prepaid for, you won't get a refund.
Still Elysian Energy has no lock-in contracts, so you can switch to a new provider whenever you like without paying exit fees or penalties.