Prior to the deregulation process local utility companies ruled the electricity market. They owned power plants, transmission lines and distribution systems, and handled customer service and billing functions. Texas is currently one of the few states that allow homeowners to choose their electricity provider and their rate.
The state’s competitive energy market, called Electric Choice, offers consumers various options from electric retailers and plans to pricing options such as fixed-rate plans and variable rate plans. Before you compare Texas electricity rates, consider your lifestyle and consumption habits to determine which plan would be the best option for you.
If you’re a first-time homeowner, estimate your monthly consumption accurately using the calculator for kWh. An incorrect estimate could cause you to pay excessively for electricity.
Also, make sure to check your current supplier’s terms and conditions if you’re considering switching suppliers. A lot of REPs charge an early termination fee, also known as an ETF, if you decide to cancel your service prior to when your contract’s term expires. Review your original contract to see whether there are any provisions regarding cancellation.
The Public frontier utilities Commission of Texas (PUCT) has set guidelines for how retailers should disclose information to customers. These guidelines include providing clear and concise descriptions of electricity rates charges, contracts and other information in a simple manner and providing customers with 14 days’ notice before making changes to their agreements. The PUCT also requires that REPs conduct an initial credit check prior to enrolling customers and disclose the results of the credit check to the consumer.
To find the best energy provider for your home, it is best to look at Texas electricity rates and promotions. The Electric Facts Label’ or EFL is the best place to start. It contains all the information you require regarding your Texas electricity plan. Find the Energy Rate, Delivery Charges, Base Charges, and other monthly charges when comparing plans.
Next, decide whether you’ll prefer a Fixed-Rate or Variable-Rate electricity plan. Fixed-Rate plans provide stability and predictability because they lock in a price for a specified period of time, protecting you against possible fluctuations in energy prices. Variable-rate electricity plans fluctuate in accordance to market conditions.
You’ll have to enter your zip code to determine the plans available in your area. It is important to note that not all Retail Electric Providers (REPs) serve every city within the deregulated Texas energy market. For instance certain REPs offer plans that are available in Houston or Dallas but not Corpus Christi. However, we’ve made it easy for you to compare Texas electricity rates by allowing you to view the rates available for your particular zip area. Begin your search for the best electricity plan now.