Research from ERCOT suggests nearly 50% of Texas’ electricity was produced by natural gas-fired power plants.
You might not know this, but you have a choice when it comes to your electricity supplier. That’s because Texas is deregulated, which means you can choose from any number of providers.
But, it can be tough to figure out which electricity plan is right for you, however, don’t worry — we’re here to help.
Keep reading for 5 important tips for shopping for electricity in Texas. By following these tips, you’ll be able to find the perfect plan for your needs and save money on your energy bill.
1. Use an Online Utility Comparison Site
If you’re going to find the cheapest Texas electricity rates, then you will need to shop around. Fortunately, there are plenty of online comparison sites that not only simplify the task but can also cut out a lot of time wasted.
All you have to do is enter your details and they’ll do the rest for you. For example, Southern Power offers a service where its users receive up-to-date information about their home’s energy consumption.
2. Have an Idea of How You Want Your Bill Divided Up
Second, it pays to have some idea of how much electricity, and what kind of bills you want from your supplier. This way you can find a Texas electricity plan that matches your requirements.
3. Carefully Research Your Options
For example, if you have a smart meter then there’s no reason why you cannot switch electric cooperatives every few months and pocket the difference. This is especially true with variable rates.
As a rule of thumb, it’s also worth checking 11th-hour promotional offers as they tend to expire within 2 weeks. If time isn’t on your side, though, you might want to opt for fixed-rate offers as these typically last longer.
4. Know What You Need Before Getting in Touch
However, keep in mind that most fixed-rate plans require you to have a smart meter installed. Having said that, if you do want a fixed-rate plan but your house does not have a smart meter then it may be worth getting one.
If your home already has a smart meter then you’ll most likely benefit from the cheapest rates on offer in Texas.
5. Check the Fine Print
Finally, when shopping for Texas electricity make sure to check the fine print with regards to any add-ons or fees. After all, there are plenty of plans out there that include extra features.
These features include rewards schemes and online account management – all at no extra cost! Although they’re great inclusions, also remember what benefits you’re going to get from them before signing up.
For example, budget plans typically come with a higher usage allowance and lower rates than fixed-rate offers.
Find the Best Electricity in Texas
We’ve discussed the top 5 tips to consider when you’re trying to find cheap electricity in Texas. Whether it’s saving money on your monthly bill or learning the different renewable energy sources, this guide will help.
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