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Texas Electricity Rates: What You Need to Know
When it comes to electricity rates, it’s challenging to stay current and up-to-date on them. Electricity plans and rates are constantly changing, many times without warning or notice. One month you might be paying 8 cents per kWh, and the following month you’re paying 12 cents per kWh. Depending on the type of plan you signed up for, your company can do this without even notifying you about the change. It’s important to understand electricity rates and how they work when choosing your energy company and plan.
What are the different types of plans available?
Many people don’t realize that there are many different types of plans and contracts you can sign up for when it comes to electricity. Here are some of the most common types.
As the name implies, fixed-term plans are ones that you sign up for on a pre-determined basis. There are many different terms available, ranging anywhere from 3 months at a time to 3 years. Fixed-term plans often have a fixed rate that goes along with them. For example, you might sign up for three year plan that costs you 10 cents per kWh for the first year. After that, the rate jumps up to 12 cents per kWh for the final two years.
Signing up for a plan like this saves you money upfront for the first year but costs you in the long run. Depending on the type of contract that you signed, you have the option of getting out of your plan after the first year, or you might have to pay a hefty fee if you want to switch plans. Either way, it’s a hassle to switch energy plans every couple of months or years. It would be better to find a plan that works best on a long-term basis.
With this type of plan, you have the option to switch contracts and plans at the end of every month. The advantage of this type of plan is that if you’re unhappy, you can cancel at any time without paying a cancellation fee. The downside is that these plans often have variable rates that jump around at the end of each month.
A prepaid electricity plan is an exciting and newer concept when it comes to electric plans. At the start of the month, you determine how much energy you want to use and pay for that amount. The downside is that once you run out of electricity, you’re out of power until you start a new plan.
Aside from the different types of energy plans available in Texas to choose from, there are also some other things to keep in mind when selecting your electricity plan. Some programs will offer features such as unlimited daytime electricity use during certain hours, unlimited weekend energy usage, plans with discounts for using renewable or solar power, and plans that offer discounts for paying online.
These are all things that EnerGenie takes into account when you allow us to choose your plan. We have all the information we need to make the perfect choice for you. Contact Us today if you’re ready to save money on your monthly energy bill.
Facts and information about the current electric rates in Texas
To choose the right energy plan, you must know the current rates and statistics for energy. Keep in mind that these rates are changing every day, and it’s tough to stay on top of them by yourself.
Knowing some of the above information is crucial to choosing the right energy plan and company. It’s also vital that you know what your average monthly electric usage is and what your budget is. These are things that EnerGenie takes into consideration when choosing the right energy plan for you. EnerGenie also stays up to date on current energy rates and trends and will choose the best plan for you in the long term and the short term.
Why is it so important to choose the right plan the first time?
Choosing the right energy plan for your needs is extremely important. Not only does choosing the right plan save you money, but it also gives you security and peace of mind. Choosing your energy company and plan through EnerGenie will accomplish both of these things. We have a series of algorithms and a world of information that helps us pick the best plan and company for every unique circumstance.
Choosing the right plan by yourself is extremely tedious and challenging work. EnerGenie does the leg work for you and stays up to date on current rates and deals. Contact Us today and let us save you money on your monthly energy bill.
Is it hard to switch electric plans in Texas?
If you’re unhappy with your current electric plan, it isn’t overly difficult to change plans. This is true as long as you’re at the end of your existing contract and don’t have hidden fees and stipulations to worry about.
How Do Energy Rates in Texas Compare to the Rest of the County
Overall, Texas is somewhere in the middle of the pack when it comes to the national average cost of electricity. The most expensive state by a long shot is Hawaii, where residents pay an average of 30.55 cents per kWh. That’s nearly three times what Texans pay. On the other end of the spectrum, there’s Oklahoma, where residents pay an average of 8.92 cents per kWh. This makes Oklahoma the only state with an average rate of less than 9 cents per kWh.
Americans pay an average of 12.07 cents per kWh, which is .04 cents more than Texans are paying per month. Depending on where you live in Texas and your plan of choice, this rate can go up or down.
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