Why does Verizon want me to pay *more* to renew my 2-year FIOS contract than to let it expire?

willdude

Currently I'm paying $104.99/month for Extreme HD and 50/50 internet. When my contract expires in August, that will supposedly go up to $119.99/month:

When I go to the upgrade/renewal page, I'm offered a start a new 2-year contract for the very same services for $124.99/month:

So why on earth would I do this? Why would I sign a contract to pay $5 more per month for 2 years on the chance that maybe the off-contract price will go up at some point?

It's also worth noting that if I try to sign up for service as a new customer, I'm offered the Extreme HD and 50/50 Double Play for my current $104.99/month for a 2 year contract. I know from experience that trying to get new-customer offers as an existing customer is a losing battle (despite the fact that I already have the lines and equipment and would require zero labor from Verizon), but it still seems like a crummy way to treat existing customers.

tns2

Not unusual IF they had raised prices during you current 2 years. The current price also might include a discount that will no longer be available

And note at the end of your current contract prices will probably go up more unless you accept a new 2 year contract.

Remember you are talking to peers and not Verizon.