Overall, business electricity rates in Texas are usually a tad lower than residential ones. The main reason for this is that businesses use a lot more electricity than houses and apartments. However, while the price per kWh is often lower, companies use a lot more electricity than residential properties, which means the monthly bill will be much higher.

Texas’s current average business electricity rate is 8.04 cents/kWh, which is roughly two ¼ cents cheaper than the United States average. Here are some factors that will affect the price per kWh of your business electricity rate.

• The time of year

Electricity is seldom free, but there are times when the cost is higher or lower depending on the time of year. For the most part, electricity rates are higher for businesses in the summer months than at any other time of year.

• Your location

Where you live and operate your business within Texas will also impact how much you pay for electricity. While there’s usually not much fluctuation across the board, the Abilene area has lower rates than most of Texas.

• Hidden fees or rates

One of the biggest things to watch out for with energy plans is tiered rates and hidden fees. Tiered rates are pretty standard, and as long as you understand the stipulations of your plan, they’re not a big deal. However, they can quickly cost you big bucks if you don’t know how your rate works and use more electricity than you should.

Hidden fees are also typical of electricity plans, but EnerGenie will always find them. We’ll make sure you know exactly where your money is going and what it’s paying for.

• The cost of fuels and electricity production

One of the most significant factors that will impact your monthly electricity rate is how much it costs electricity generating companies to create electricity. The higher their cost is, the more you can expect to pay for electricity.

Like residential plans, there are many different types of business electricity plans in Texas. You’ll typically have the option of a fixed-rate, variable-rate, or prepaid business plan. While these plans are standard across the board, certain companies have extra perks when you sign up for their business plan.

• Discounts based on use

Because many businesses are forced to use outlandish amounts of electricity monthly, certain REPs have discounts built into their plans where your rate decreases based on how much electricity you use. EnerGenie can find these discounts and help you benefit from them.

• Special business programs and discounts

There are often special programs and discounts available to business owners in Texas. Renewable energy plans are becoming extremely popular for businesses and are beneficial to everyone involved. You’ll be able to save money on your monthly utility bill and reduce your carbon footprint in the process.

• Utility write-offs

You can potentially write off part of your electricity cost when tax season comes around, especially if it’s from a renewable source. However, make sure to hire a reliable accountant so that you don’t get in trouble with the IRS.

Choosing the right business plan is a lot of work, and it’s an important decision. You could save yourself hundreds if not thousands of dollars a year by finding the right plan. Not only will EnerGenie find you the best plan, but we’ll also monitor it and make sure that your rates don’t go up.

EnerGenie is an electricity concierge company. We don’t benefit from signing you up with any specific REP, so you don’t have to worry about bias. Our only goal is to save you and your business as much money as possible. Contact us if you’re interested and want to know more about the process.