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Shopping for Cheap Electricity Rates in Texas

May 13, 2016

Do you know about deregulation? Or how it affects your energy bills? Beginning in 2002, the majority of Texas became deregulated, meaning that utilities could no longer control the price of electricity or offer singular plans for residents. This opened up the energy market to bring in competition, leading to several retail energy providers (REPs) that offered different plans for consumers to take advantage of.

All of this competition means one thing: cheap electricity rates in Texas. With several REPs competing for business, it tends to drive down prices. Additionally, many REPs will offer special incentives or alternative energy plans to consumers as well. These could include special rebates, energy credits, green energy sources, and more.Gas processing industry
Cheap Texas electricity rates come in different forms as well. You can get plans that are variable, with no contract, but the rate can change each month. You can also get fixed rate plans that lock in your rate for the duration of a contract. Most of these types of plans range between 3 and 36 months in length. They are a great way to keep cheap electricity rates for a long period of time.

Other plans may include green energy, electricity sourced from renewable like wind or solar power. They usually run on a contract for the same length of time as other fixed rate plans. Every plan has an electricity facts label (EFL) that will tell you how much of your electricity comes from renewable sources.

Shop Texas Electricity lets you browse dozens of providers and hundreds of plans just by entering a zip code. Once you enter your zip code, we’ll show you all of the plans available for your area, complete with the average price per kilowatt hour, which includes base charges, transmission charges, and assumes a mid-range energy use, and we’ll tell you how long the contract term lasts, as well as any special offers like rebates, credits, and green energy.

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