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I got an email the other day offering bonus miles for changing your energy provider to NRG.  The deal is for 12,500 American Airlines AAdvantage miles for switching.

We’ve had some similar offers previously –

NRG is apparently only active in the following states: Illinois, Massachusetts, Maryland, New Jersey, Ohio, and Pennsylvania

American NRG Offer details

You can sign up online or you can call in (1-855-500-8703).  Mention offer code AAL-7811-047 to get 12,500 points for signing up (make sure you confirm that if you call in). You get 10,000 for signing up for the electric, and an additional 2,500 for signing up for gas service

American NRG fine print

  • Enrollment Bonus: After you complete 2 months of active service, you’ll earn 10,000 AAdvantage® bonus miles for each electric account you enroll,
  • and 2,500 AAdvantage® bonus miles for adding a gas account to your enrollment.
  • Ongoing Rewards: You will earn 2 AAdvantage® miles for every $1 spent on the supply portion of your monthly electric and natural gas bills. Please note: Active accounts are defined as those (i) that are billing more than $0 and (ii) for which we have not received a request to discontinue service or change programs. Rewards Program Terms are contained in your Welcome Email/Letter.

Of course… there is a catch

I have switched my electric and gas providers around every couple of months for a couple of years now, and I definitely think that it is not for the faint of heart.  You REALLY need to be on top of things.  Note in the “features” above the part where it talks about the “flexible month-to-month plan”.  This is code for “the time where NRG screws you over”.  When “your ongoing electric supply price will be variable and can change each month“, that is not a good thing for you.

I usually sign up for 3-6 month fixed rates, taking whichever company offers the lowest price and/or best promotion.  Then I set myself a reminder to make sure and update my account when the time frame is up.  A month or two on the “variable” plan will quickly eat up any savings you have.

I am currently not eligible because I am ALREADY an NRG customer (having swapped to get the AAdvantage miles a few months ago), but plan to swap off of it once my promotional rate has expired

What about you?  Have you ever swapped your gas or electric providers for a promotion?  What was your experience like?  Is this an intriguing offer?  Let us know in the comments.

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