Retail Electricity Providers in Texas
Thanks to deregulation in Texas, electricity providers can now compete for your business. Retail electric providers can offer Texans a variety of options when it comes to their monthly electricity bills.
If you're the type of person who likes to know how much money you'll have available each month, a long-term electricity rate is your best bet. Some electric providers in Texas will allow you to lock-in energy supply prices for the duration of a contract, which could be as short as 3 months or as long as 5 years. For that time, you'll know that your energy rates, and your budget, are protected.
If you would prefer not to have a long term contract, retail electricity providers can also offer month to month plans. These plans will include variable rates that follow market prices. You also may have the option to cap your rates with some electricity providers. This ensures that what you pay for electricity will not rise above a certain amount, or that your rates will not increase more than a set percentage from month to month.
Texas electricity providers also give customers more options when it comes to green energy. Some electric providers let you offset the negative impacts of your brown energy use by purchasing offsets on your behalf. Others can ensure that an equivalent of your electricity usage is created from green energy resources and injected into the power grid.
Choosing Electric Providers
When shopping for electricity providers in Texas, keep in mind both the rate and the term of contract. Some electricity providers may offer lower rates, but cannot guarantee them for an extended period of time. Retail electricity providers that offer longer terms are taking on more risk to offer you stability in your rates. Those rates may be slightly higher than electricity providers who can only offer stable rates for a few months, but the potential for long-term security should not be forgotten.
With most Texas electricity providers, reviews can be found online. Or simply enter your zip code above and you can see a side-by-side comparison of electric providers in your area along with rate plans.
No matter what electricity provider or plan you choose, make sure you understand the terms of the contract before you sign on. Also ask about what fees may be incurred if you decide to switch providers or move before the contract is complete.