How to Compare Electric Suppliers in Texas
When researching Texas electricity suppliers you may come across several product names, features and terms that you've never seen before. This quick guide will help you compare electricity suppliers and understand what they are offering.
Electricity Supplier / Provider: This is the electricity company who will be providing your electric supply, and your new electricity rate. Switching your electric supply will not interrupt your electricity service. You are changing the company that sells you your electricity supply — and therefore your electricity rates — but not the company who delivers that electricity to your home.
Product Name/Term: This refers to the type of electric supply contract you will be choosing. Fixed-rates require a term of use, which can range from 3 months to up to 5 years, but offer price protection for the duration of your contract. Variable rates offer the flexibility to change your plan at any time, but do not secure your rates from month to month.
Type of Energy: Electric suppliers in Texas purchase energy from a variety of resources, including standard resources such as nuclear, coal and natural gas, as well as green resourcing which include wind and solar power. Texas electricity suppliers can also offer carbon offset programs and Renewable Energy Credits, which ensure that the equivalent of your electricity use is injected into the power grid from sustainable resources.
Features: Texas electricity suppliers offer a variety of programs including rewards for customer who pay their bills on time, gift cards for new customers. Deposits may be waived for customers with good credit, and online billing makes it simple for you to manage your bills and automate payments from month to month.
Rate: Your electricity supply rate is measured in cents per kilowatt-hour. When shopping for electricity rates, we wary of extremely low 'introductory rates' as well as rates that do not include transmission costs. Some Texas electricity suppliers advertise low rates, only to make up the difference in added fees and expenses.
