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How to Choose Electricity Plans in Texas
Electricity plans are a tricky and finicky subject, especially if you’re not familiar with them. It’s kind of like choosing your internet or phone plan, but much more complicated. The reason it’s so difficult to choose the right electricity plan in Texas is that the market is extremely competitive. While a competitive market can potentially drive down electric prices, it also makes it difficult to choose between the hundreds of plans at your disposal. Luckily, EnerGenie is here to help make your life easier and your electric bill smaller. Let’s find out how EnerGenie can help you choose the best electricity plan in Texas.
The Importance of Choosing the Right Electricity Plan
Choosing the right electricity plan is important for a number of reasons. Not only can choosing the right plan save you a ton of money, but it will also give you peace of mind. Additionally, most electric plans lock you in for months or years on end, which means choosing the right plan the first time is crucial.
The best way to make sure you have peace of mind and sign up for a plan you can stomach is to use EnerGenie. Contact us to find out more about how we can save you money and make your life easier.
Why do I Get to Choose My Own Plan?
Many Texans don’t realize that they have the power to choose their own electricity plan until they move to a new location. Most of the United States doesn’t have this ability and are forced to sign up with whichever company and plan is available in their area.
Thanks to deregulation, which occurred in Texas in 2002, 90% homeowners, renters, and business owners have the power to choose. This means that you can shop the market and choose whichever power company has the best plan and best rate for your needs. Choosing your electric plan based on what your neighbor or coworker does is dangerous business. What’s right for them isn’t necessarily right for you!
Different Types of Electricity Plans
Let’s go over the different types of electric plans that you potentially have to choose from. It’s worth noting that not all types of plans are available in all areas, but most of them are.
- Fixed-rate Plans
Fixed-rate plans are the most common types of plans in Texas. They are available for both homes and businesses and signing up for a fixed-rate plan means that your rate won’t change during the term of your contract. However, when your term is up and you go to renew, your rate is subject to change.
- Variable-Rate Plans
Variable-rate plans are the exact opposite of fixed-rate plans. With variable rates, your price per kilowatt hour can go up or down from month to month depending on the market.
- Prepaid Plans
Prepaid electricity plans are similar to prepaid phone plans. At the start of each month, you decide how much electricity you’re going to use and pay for it right away.
- Time of Use Plans
Time of Use plans are often factored into fixed-rate plans and act as an extra perk. It basically means that during certain parts of the night or weekend, you get free electricity! You typically have a higher overall rate, but time of use plans can pay off if you take advantage of the free electricity.
- Renewable Plans
Texas is one of the leaders when it comes to electricity produced from renewable resources. There may be additional perks when you sign up for a renewable resource plan, aside from saving the planet of course.
- Pay-as-You-Go Plans
Pay as you go plans are only available to residents that have a smart meter on their home.
- Fixed Tiered Plans
Fixed tiered plans are one of the newer and more interesting types of electric plans in Texas. Here’s an example of how they work. If you use between 0 and 1,000 kilowatts of electricity, you pay a total of $90 for your monthly bill. If you use between 1,001 and 2,000 kilowatts of electricity, you pay $180. These types of plans tend to pay off big time, or cost you big time.
What to Watch Out for With Electricity Plans
Because of how competitive the energy market is in Texas, many retail electric providers (REPs) have tricky ways of making extra money on you. Here are some of the top things to watch out for with your electricity plan.
- Do they have a minimum usage fee where they charge you a fee if you don’t use a certain amount of electricity?
- Do they have large sign-up or early termination fees?
- Do they have tiered rates in the fine print where your rate increases based on how much electricity you use?
- Do they have overage charges or cost of service fees that they sneak into the fine print?
- Is it a reputable company that has a history of honesty, integrity, and great customer service?
There’s a lot to consider when choosing the right electricity plan, and it can be overwhelming. EnerGenie takes everything into consideration and even handles the customer service end of things when you sign up through us!
How to Choose the Best Electricity Plan in Texas
If you’re in the market for a new electricity plan but don’t know which one or who to pick, EnerGenie is here for you. Contact us to find out how we can help you save money with your REP. We will enter your zip code into our database and find the best REP with the best plan in your area. We will also make sure that you’re aware of any hidden fees or special deals that are available.
EnerGenie is your personal electricity shopping assistant. By signing up with EnerGenie, 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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How EnerGenie Works
EnerGenie technology works behind the scenes to save you money and be your energy concierge, to give you, the homeowner, peace of mind.
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