All of us rely on energy to power our homes, and for many of us, there’s only one option for buying our electricity: a local utility company.
But some Americans live in deregulated energy markets and have more than one energy provider to choose from for their power. Having more choices is great! But making a decision requires some careful shopping to find the best electricity provider, electricity plan, and electricity rate available.
Fortunately, there are tools out there for comparing different energy providers in your area to help you find the best option for you and your family. SaveOnEnergy is a company that can help you shop for electricity in your area, and we’ve got a complete guide.
Let’s learn more about SaveOnEnergy.
What Is SaveOnEnergy?
SaveOnEnergy is a company that publishes the latest electricity plans and energy rates on offer by retail electricity providers in deregulated markets (more on deregulation in just a bit). SaveOnEnergy refers to itself as an online marketplace for these different energy options.
The service SaveOnEnergy provides is simple: If you go to their website, you can compare different energy options from various electricity providers in your service area. Instead of having to look up each of these energy companies on your own, and research their electricity rates and energy plans individually, SaveOnEnergy provides a curated list of your options in one place.
In addition to providing this curated list, SaveOnEnergy can connect website visitors with solar advisors who can discuss the possibility of installing solar panels in the home.
Who Can Use SaveOnEnergy?
Most Americans live in regulated energy markets, where they can’t choose their electricity providers and must use their local utility.
But some states — Texas, most notably — have deregulated their energy markets, allowing retail electricity providers to compete for customers’ business. This competition incentivizes these energy companies to provide innovative electricity plans at competitive power rates, which can be great for the customer!
It can be difficult, though, to shop for electricity in a deregulated market — you can’t go to your local mall or browse Amazon to compare your choices. This is where SaveOnEnergy comes in.
If you live in a deregulated energy market, SaveOnEnergy can help you compare prices and plans from multiple energy providers, all on one website. If you live in a regulated energy market, though, SaveOnEnergy will be of limited use to you.
Can You Compare Business Electricity Rates With SaveOnEnergy?
The real-time electricity rates you see on the SaveOnEnergy website are for residential customers, but if you’re looking to compare rates for your business, you can contact SaveOnEnergy to set up a custom quote.
Where Does SaveOnEnergy Primarily Operate?
SaveOnEnergy was founded in Texas in 2003 , and it still focuses primarily on the Texas market. According to the company , SaveOnEnergy has served more than 1 million Texas customers, which they say makes them the largest energy marketplace in the Lone Star State.
Enter your ZIP Code and compare electricity rates
What Are Some Examples of Texas Cities That SaveOnEnergy Serves?
Examples of cities in Texas served by SaveOnEnergy’s online marketplace include Abilene, Arlington, Austin, Corpus Christi, Dallas, Fort Worth, Galveston, Houston, Lubbock, Odessa, and Waco.
Who Owns SaveOnEnergy?
SaveOnEnergy is a subsidiary of the media company Red Ventures, which is based in Rock Hill, South Carolina. Red Ventures purchased SaveonEnergy in 2012 .
Red Ventures owns a variety of different websites and brands. Some of Red Ventures’ notable subsidiaries include CNET, Lonely Planet, and Medical News Today.
How Can I Use SaveOnEnergy?
There are three ways to use SaveOnEnergy, and they all involve navigating to the company’s website. Here are the three uses visitors might have for SaveOnEnergy:
Informative Articles
First, you can read articles on energy-related topics like solar financing, net metering, and energy deregulation. If you’re interested in these topics out of curiosity, or if you’d like to learn more about solar panels and energy markets to make better decisions for your own home and family, these articles can be a resource.
Compare Electricity Rates and Plans
You can also enter in your ZIP code on the SaveOnEnergy website to see a list of the different electricity plans and energy rates available to you at that moment in time.
Compare Solar Providers
There’s also a tool on the SaveOnEnergy website that can match you with solar panel providers in your area. To use it, you’ll need to enter in your ZIP code, the amount of your typical monthly energy bill, and whether you rent or own your property. From here, you can get quotes for solar panels for your home.
What Are the Different Ways to Compare Electricity Plans and Rates With SaveOnEnergy?
Now that we know that SaveOnEnergy allows you to compare electricity rates across multiple energy suppliers, it’s worth looking into the different ways SaveOnEnergy allows you to search for electricity rates.
Once you’ve navigated to the SaveOnEnergy website, you can look up different electricity rates in one of three ways: First, you can search by location if you enter in your ZIP code. Alternatively, if you know the name of the company you’d prefer to purchase from, you can look up the rates provided by a specific energy supplier that SaveOnEnergy is partnered with.
Finally, you can search for different utilities in your service area. This is useful for people who live in a regulated energy market.
Is SaveOnEnergy Accredited by the Better Business Bureau?
No, SaveOnEnergy is not accredited by the Better Business Bureau (BBB). According to the BBB, SaveOnEnergy has received two complaints over the last 12 months and has been given an A- rating.
Is SaveOnEnergy Registered on Trustpilot?
Yes, SaveOnEnergy is registered on the internet review site Trustpilot. Of its reviews on the site, 86% are 5-star reviews and 6% are 1-star reviews. It is currently ranked No. 200 out of 270 in its category of financial consultant companies.
How Does SaveOnEnergy Make Money?
SaveOnEnergy makes money by partnering with specific retail electricity providers in deregulated energy markets. These “partners,” as they’re called, are featured on the SaveOnEnergy website.
SaveOnEnergy is upfront about the fact that it is paid by its partners for the customers and potential customers SaveOnEnergy sends to them. Sometimes SaveOnEnergy is paid when visitors click on links to partner websites, sometimes when people request quotes from these partners, and sometimes when visitors call these partners.
In return, SaveOnEnergy features these partners and their electricity plans and electricity rates prominently on its website.
Is SaveOnEnergy Unbiased?
It’s important to understand how trustworthy a resource is when doing research online, and this is especially true when shopping for essentials like electricity. It’s natural to wonder, then, whether SaveOnEnergy is an unbiased source.
The answer isn’t straightforward. SaveOnEnergy provides raw data on average electricity rates in certain states and shows the current electricity plans and electricity rates being offered by its partners in these service areas. All of this data is highly useful to visitors who are shopping for electricity options.
It should be noted, though, that SaveOnEnergy doesn’t feature every electricity rate or energy plan available to customers in their service area. Rather, SaveOnEnergy features only the plans and rates provided by the retail electricity providers with which it is partnered.
SaveOnEnergy says that its partners don’t have any influence on its editorial content and that its content provides valuable information for people who are shopping for an electricity provider. Still, SaveOnEnergy doesn’t show the complete picture, which is something to remember if you choose to use it.
Is There an Alternative to SaveOnEnergy?
If you live in the state of Texas, there is an unbiased resource for comparing retail electricity providers and their different energy plans and electricity rates. This resource is called PowertoChoose.org, and it’s worth bookmarking if you’re shopping for electricity in the Lone Star State.
To use this website, all you have to do is enter in your ZIP code, and you’ll be provided with a list of every retail electricity provider in your area, along with their energy plans and electricity rates. This is similar to the service SaveOnEnergy provides, but it’s more extensive.
Importantly, PowertoChoose.org is run by the Public Utility Commission of Texas, which regulates the state’s power utilities. This means that the PowertoChoose.org website is unbiased, which makes it an excellent resource for people looking to shop for their power.
What Is the Best Way to Contact SaveOnEnergy?
There are two ways to get in touch with SaveOnEnergy: by email and by phone. To reach SaveOnEnergy by email, you can send a message to [email protected].
Alternatively, SaveOnEnergy can be reached by phone at 833-210-8636. Note that this number is in operation between 7 a.m. and 9 p.m. CST Monday through Friday, and between 7 a.m. and 5 p.m. CST on Saturday. This number is not answered on Sundays.
That’s a Wrap for SaveOnEnergy!
Not every American has the opportunity to shop for their electricity provider, but for those who do, the sheer number of choices can be overwhelming.
SaveOnEnergy is a resource for people who would like to compare the electricity plans, rates, and services available to them, all in one place. We’ve given you a good idea of what SaveOnEnergy is and how they make their money, and even some insight into their editorial guidelines.
If you’d like to read more about energy-related topics, the Energy Savings blog archive is chock-full of informative and entertaining articles that are worth exploring. Happy reading!
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