Texas became a deregulated state in 2002. Residents can select their electricity provider in areas where deregulation is in effect. Deregulated markets foster competition and lower rates for consumers.
Power To Choose Electricity, the site for comparison operated by the PUC, allows energy providers to showcase their plans for free. The problem is that electricity providers have learned to “game” the site, offering gimmicky plans, and then presenting residents with unexpected bills.
In the beginning, power to choose texas was meant to be a valuable tool for consumers who wanted to shop for electricity prices and compare rates. The site’s reliability decreased over time.
This was due to the way in which electricity companies promoted their plans on their website. They would try to lure customers with low rates and then increase your bill by imposing unjustified fees and hidden charges. When you tried to switch providers, you were required to pay a contract termination fee, and even then the new provider may not have the lowest price for your electricity.
This is because the typical electricity rate in Texas is made up of a variety of elements, including fixed rates, per kWh charges, and pass-through charges from TDUs (Turbine Derived Utilities). Once you factor all of these elements together, you will notice that your electricity price may differ significantly from month to month.
This is why you must make use of an electricity rate comparison tool that is impartial and completely transparent. It will assist you in finding the most efficient plan at the most affordable price.
You can use this tool by entering your zip code on the top of the page. It’ll then spit out all plans that are available from REPs in your region. You can also narrow your search by selecting the provider you want to use and then comparing their rating to find out what other customers have had to say about them.
Prepaid plans are a good option if you are using lots of electricity. These plans generally don’t require a credit check and can be purchased upfront for a predetermined amount of energy.
A renewable energy plan is an alternative option. This ensures that your energy comes from renewable sources, such as solar. This is a great option for you to reduce your carbon footprint and also help the environment.
When you are comparing your choices, choose an energy provider that is local and has a good reputation. If you have any concerns about your new energy service, it will be easier to reach them.
Companies that offer a variety of contracts, from monthly to long-term, are a good alternative. This will give you more flexibility to switch providers if a better deal becomes available or if your needs evolve in the future.
Also, search for a company that has cancellation charges. This will ensure that you don’t get hit with any unexpected fees if you end your contract. This will help you avoid being surprised by your next bill , and help keep your energy costs to a minimum.