Are you searching for the cheapest electricity rates in Texas? Or perhaps the best energy provider in your city? To better assist you in narrowing down your choices we use data from Power to Choose to provide a side-by-side comparison of what electric companies in Texas are offering. You can use the chart below and adjust the filters to help you compare and narrow down the best electricity companies in Texas that best fit your goals. Begin by selecting the utility company you are located under, the rate type whether variable or fixed, the term length, and the green percentage. You can compare up to six providers at a time. Let’s help you get powered up.
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Factors to Consider When Searching for an Electricity Provider in Texas
When it comes to comparing different electricity providers in Texas, many factors should be taken into consideration. For starters one should look at the energy and average rate, as well as the term length. Seeing what rates electric companies in Texas offer could help you decide which plans best fit your budget needs. However, some other factors people tend to overlook when comparing electricity companies include the cancellation fees (ETF), customer reviews, deposit amount, and rate type to name a few. Great questions to ask yourself when shopping for Texas electricity rates include:
- If I were to cancel the electricity plan before the term ends, how much would I have to pay?
- Are the plans being offered at a fixed rate or a variable rate?
- What are the energy company’s customer reviews?
- How much is the deposit? Do I qualify for any waiver options?
- Does the electricity company offer perks for loyal customers?
While there are many other questions one should ask, the electricity tool above is a great way to start condensing your choices. If you are searching for the best electricity company in Texas, we’re here to help. To see other electricity plans you may qualify for please enter your zip code below.
The benefits of living in a deregulated market are that you have the power to choose which electric company you would like to enroll with. While there are many factors to consider, they are all unique in a person’s decision of which electric provider to sign up with. Some people focus on finding the cheapest electricity rates in Texas in efforts to make the best financial decision. On the other hand, others don’t focus as much on electricity rates, but rather take a more conservative approach and select a short-term plan. For people who want to support green initiatives, their main goal when searching for an electricity plan is finding one with a high percentage of renewable energy content. There is not one plan that fits all, but rather the beauty of having the power to choose your electricity provider and plan is selecting one that best fits your values and needs.
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What is a deregulated electricity market?
A deregulated electricity market allows customers to choose their electric provider. In Texas, legislation allows certain customers the power to choose, while others who are served by cooperatives, municipals, and certain investor-owned utilities do not have a choice. Some states have deregulated their electricity markets starting with the National Energy Policy of Act of 1992. Deregulated markets promote competition between energy entities and can help you find the best energy plan. The Power to Choose website allows you to enter your zip code to know if you are in a deregulated electricity area and can help you to choose between Retail Energy Providers.
What is the best electricity rate in Texas?
You can compare electricity rates by using energy marketplaces such as EnergySavings.com or the Power to Choose website. They can provide you with a list of energy retailers and their plans. Such marketplace websites are great tools for comparing the different kinds of energy plans and rates in Texas.
What should I consider when shopping for an energy plan?
For an apples-to-apples comparison of all the options available to you in your area, you should consider the following questions:
1. Is the average rate matching my usage?
2. Does the contract include a minimum usage fee or credit?
3. What kind of rate is it? (fixed, variable or indexed?) – In case of a fixed rate: Do different fixed rates apply depending my monthly usage? – In case of a variable rate: How and when will the rate change?
4. Does the rate include all the costs: electricity cost, transmission, distribution charges, monthly fees and charges or recurring fees?
5. Is there a contract? If so, how long is it for?
6. Is a deposit required? If so, how much?
7. What are my payment options?
8. What happens when my contract expires?
9. What if I miss a payment?
10. Is there a termination fee if I end the contract early?
11. Do I want to include renewable energy in my plan?
12. Do I need a free usage period?
What is the difference between a Retail Electric Provider and Utility company in Texas?
A retail electric provider, also known as energy provider, purchases the electricity wholesale and then sells electricity to retail customers. Customers in a deregulated market have the freedom to choose which retail electric provider they want to enroll with. When enrolling for services with an energy provider, the provider will also take care of the customer service and billing.
A utility company takes care of the transmission and distribution of your electricity. They are also known as your Transmission and Distribution Service Provider (TDSP). The utility company is responsible for measuring the energy consumption that is used in your home or business. There are six utility companies in Texas which include AEP Texas Central, AEP Texas North, CenterPoint Energy, Oncor, Texas New Mexico Power, Lubbock Power & Light.
What is Power to Choose?
Power to Choose is a website created by a state agency (The Public Utility Commission of Texas). Power to Choose’s role is to provide consumers with a large choice of energy providers. Since the energy market is deregulated in some states including Texas, a large number of private companies are offering energy supply in those areas. The Power to Choose website provides a substantial list of licensed energy providers and their plans so you can compare and select the best energy plan for your needs.
Data is obtained from powertochoose.org (Power to Choose.) For more information about the electricity plans mentioned in this report, please refer to both the Electricity Facts Label (EFL) and Terms of Service (TOS) for those plans. Those documents are available on the Power to Choose site if the plan is still currently offered. The rates listed may differ if the REP has changed their pricing.
We are displaying results from the list of “most established providers” determined in this analysis based on criteria such as reliability and date of certification. We are only including plans in English to simplify the average calculation. Please note that as products and rates may change at any time in the day on Power to Choose, EnergySavings.com’s analysis is based on information captured in its single daily snapshot, and therefore cannot guarantee that every product and rate made available in the month has been captured. Please reach out to [email protected] if you feel that any meaningful data has not been captured and EnergySavings.com may, at its sole discretion, issue a correction to the report.