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Power To Choose – Texas Electricity Choice

May 19, 2014

Deregulation of the energy market in Texas has given consumers the power to choose their energy provider. This open market for energy has resulted in cheap electricity, thanks to the competition between energy providers. Prior to deregulation, electricity prices were set by incumbent utility companies. The prices tended to be fairly high, but no one could switch to another provider. With deregulation, Retail Energy Providers (REPs) all offer different plans with different pricing guidelines to help you get the electricity you need at the right price.

To help you get the best plan for you, Shop Texas Electricity helps you compare all of the REPs and their respective plans that are available to you. REPs, like TriEagle Energy, offer different plans, based on contract length, energy pricing, green energy, and residential or commercial energy. Contract length can last anywhere from 3 to 36 months and is part of a fixed rate plan. With a fixed rate plan, the price you pay per kilowatt hour (kWh) is locked in for the duration of your contract. This means that if prices change, as they do on a daily basis, you will continue paying the same rate. Even if supply lines for energy like natural gas are disrupted, your rate won’t change.

You can also get a variable rate plan, which has no contract length, so you can change plans at any time without incurring a penalty. However, the prices of these plans go up and down every month, so you are more often affected by energy pricing and availability. Fixed rate plans are better for budgeting your month to month energy costs, but variable rate plans are good in situations of temporary housing. Some REPs offer green energy in their various plans. The Electricity Facts Label (EFL) on each plan will tell you how much of the electricity is derived from green sources like wind and solar energy.

Choosing a REP is really quite simple. Through Shop Texas Electricity’s website, you can enter your zip code to find out what plans are available to you. These plans will tell you the cost per kilowatt hour, contract length, green energy content, and other information, giving you the power to choose one that best suits you. You can do all of this whether you’re moving to Texas and getting cheap electricity for the first time or are switching providers. If you’re looking for commercial energy options, Shop Texas can help with that as well. The power is in your hands to pick the Texas electricity you need.

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