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Cheap Energy in Texas
In terms of sheer size, Texas is far and away the biggest state in the country outside of Alaska. It also happens to have one of the biggest and most competitive energy markets in the country. The reason for stiff energy competition in Texas is because of deregulation, which happened in 2002. Deregulation means that the energy and electricity market in over 80% of Texas is up for grabs, meaning that you have the power to choose your own electricity company and plan.
While deregulation has done great things for Texas, it’s also resulted in the founding of over 120 retail electric providers. Each of these companies is competing with one another to offer the cheapest and best electricity plans in the state. However, if you don’t want to settle for cheap energy that comes at a cost, contact us at EnerGenie. We’ll be able to find you the best cheap energy in Texas, while making sure that it doesn’t end up costing you down the road.
Why is Some Electricity Cheaper Than Others
Electricity is the most popular energy source in Texas. Traditionally, electricity is created from nuclear power and fossil fuels such as natural gas or coal. In recent years, however, Texas has been among the national leaders at creating electricity out of renewable resources such as wind and solar energy. Where your electricity comes from and how it’s created plays a big role in the overall price.
Here are several other factors that determine why some electricity is cheaper than others.
- The time of day
Depending on where you live and who your electricity company is, electricity is cheaper at certain times of the day than others. Peak energy usage is usually from early afternoon into the evening, because that’s when most people are getting off work and hanging around their home. Weekends are also a popular time to use electricity.
As a result, some electricity companies will entice you to use electricity during non-peak hours by making the rates cheaper than during the busy hours of the day. The goal is to keep the power grid from getting overloaded. If you time it right, you can even get a bulk of your electricity for free with a Free Nights and Weekends Plan.
- The time of year
You may have noticed that electricity costs more during the hottest and coldest parts of the year. This is because people are running their heat pumps and air conditioners around the clock to stay comfortable. Because electricity is being used extremely rapidly, power companies can charge slightly more than at other times of year. Your bill will also be higher because you’re using more energy than normal.
- The delivery cost
Depending on who your REPs transmission and distribution utility company is that they work with, your energy might cost more. Transmission and distribution utilities (TDUs) are the utility companies that manage the electric lines and poles and the electric meters that bring electricity from where it’s created to your home. Certain TDUs charge more than others, which means that cheap energy will be hard to come by.
Is Cheap Energy Good Energy?
In terms of electricity, cheap energy is just as good as expensive energy. What you pay for electricity won’t be determined by the quality of the energy, rather by how much it costs your REP to purchase electricity and have it delivered to your home or business.
Because of how many different power companies and electricity plans there are, it’s next to impossible to find one with consistently cheap energy on your own. Contact us at EnerGenie for the best and cheapest energy plans in the state.
Can I Change Electricity Plans if I Find Cheaper Energy?
Like we said before, the energy market in Texas is highly volatile and prices fluctuate constantly. The company offering the cheapest energy today might have the most expensive energy tomorrow. As a result, it’s important to enroll in an electricity plan where, if the prices go up unexpectedly, you can opt out with minimal penalties.
Unfortunately, most fixed-rate plans in Texas come with the agreement that you’ll pay an early termination fee if you cancel your plan before the term of the contract is finished. So, if you cancel a 12-month plan in month 9, you’ll have to pay anywhere from $150 to $300 as a penalty. Lucky for you, EnerGenie is here to help.
We will do our best to minimize the pain you feel from an early termination fee if you get tired of your current contract. We’ll also make it our goal to save you enough money on your new plan that the penalty is paid off in savings alone!
Which Company has the Cheapest Energy in Texas?
The cheapest energy and electricity rates in Texas depend on what part of the state you reside in. Houston has different electricity companies and rates than San Angelo, which means that the cheapest company in Houston is different than the cheapest company in San Angelo. Additionally, new REPs are starting constantly and offering exciting rates and perks that immediately put them at the top of the list.
Only with EnerGenie will you know that you have the cheapest energy rate possible. We sift through hundreds of plans and rates to find the best one for you in both the short term and the long.
How to Find the Best Cheap Energy in Texas
If you’re looking for the best cheap energy in Texas, EnerGenie is here for you. Contact us to find out how we can help you save money with your next power company. We will enter your zip code into our database and find the best companies that service your area. We will also make sure that you’re aware of any hidden fees or special deals that each company is providing.
EnerGenie is your personal electricity concierge service. By signing up through us, you’ll have peace of mind knowing you have a cheap electricity rate locked in to avoid rate hikes. You’ll also never have to worry about falling onto a high variable electricity rate because we continuously monitor your account and the market to sign you up for another great rate when your contract is coming up for renewal.
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1434 Plans from 49 Providers
EnerGenie Proudly Serves Texas
Our Office is in Texas
Houston, TX 77042