Hunting for electricity providers can be a very long, very dull process. Between thinking about all of the different providers available, searching the web for reviews, looking at a dozen websites for a half a dozen plans each, and giving up in exasperation and settling for the one with the lowest advertised rate, there are a lot of moments where you’ll question your own sanity
Choice is a
good thing, but sometimes, too many options leave us feeling uncomfortable, so
we go with what we’re familiar with or what looks best at first glance. In the
electricity world, this often means we will continue with an incumbent provider
that is charging more than competitors, or we go with a competitor who
advertises a low rate, only coming to find out with the first bill that’s not
the rate you’re paying because you didn’t use just the right amount of
electricity.
There are a
lot of retail energy providers (REPs) in Texas offering
several plans each. Not every company serves the same area and not every
city even gives you the option to choose. The good news is, we here at Shop Texas Electricity like to
bring the energy companies right to you, so all that searching is a lot easier.
To get
started, all you have to do is enter your zip code. Then, we find all of the
energy companies that serve that zip code and all the plans available for you.
We present them to you in an easy to read, sortable list that gives you access
to all the plan highlights as well as a hyperlink to the plan’s electricity
facts label (EFL), which mainly serves as the plan’s “fine print.”
The highlights
of each plan lay out details like contract length, average rate, and special
offers like renewable energy or rebates. These at-a-glance highlights give you
a pretty good idea of what the plan entails and how viable an option it would
be for you. When you find a plan that looks pretty good based on the
highlights, click on the EFL link to see what it entails in full. Some plans
may have a very low average rate, but you have to use a certain amount of electricity
to get that rate. Any more or less than the range specified, and your rate
could jump a lot! The EFL will also break down how the average rate is
calculated, taking into account monthly fees like the base charge and meter
reading fees, the energy charge (REP’s price per kilowatt hour), and the
transmission charge (utility’s price per kilowatt hour to send you
electricity).
The contract
length specifies how long you are locked into a plan and rate. Variable and
prepaid plans do not have a contract and can be changed at any time. Fixed rate
plans lock in your rate for a specified amount of time, during which the rate
will not change. If you choose to get out of a fixed rate plan before your term
ends, you could be subject to a penalty for early termination.
The biggest
benefit to using our site is that you can see plans for several providers all
in one place. By sorting the list, you can search by rate, term length,
provider, and plan name. This lets you choose how you want to prioritize your
search. When searching by rate, all of the cheapest average rate plans will
show up first, regardless of provider. Sorting by term length lists the plans
out according to their contract term, be it one month, three, twelve, or more.
Searching by provider makes it easier to seek plans based on providers you know
or have heard of. Bringing the providers to you means a lot less searching for
the best plan.
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