The Texas electricity market is deregulated, giving you the power to choose your energy provider and plan. This competition between electricity providers is what allows sites such as Choose Energy to exist – they help you compare prices and plan options, so you can find the best option for your home. But having so many choices can make shopping for the right plan and rate a daunting task.
Enter your zip code to start comparing plans and rates from the top electricity providers in your area. Choose from a wide selection of fixed and variable rate plans, with options for renewable energy. Top REPs in the state include TXU Energy, reliant energy, Direct Energy, and Gexa Energy. You can also browse plans from smaller, local energy companies. Each plan is listed with its price per kilowatt hour, contract length, and any fees or charges associated with the plan. You should also read the Electricity Facts Label and Terms of Service carefully to ensure you’re signing up for the plan that’s best for your home.
Before deregulation, most homes and businesses had one choice for their electricity provider. But since then, the number of Texas electricity providers has grown, and Texans now have plenty of options when it comes to choosing an energy supplier. Your utility company (such as Oncor in North Texas or CenterPoint in Houston) is responsible for delivering power to your home or business, maintaining the lines and equipment that transfer the electricity, and responding to outages. They have no connection to your energy supplier, and they will deliver power regardless of which electricity plan you choose.
When you’re deciding which Texas electricity provider is the right fit for your household, it’s important to understand how rates are calculated and what factors influence them. You should also be aware that not all Texas electricity providers offer the same types of plans, and some are known for having unique features or promotions that may appeal to particular types of consumers.
The bottom line is that you can shop for the best electricity rates in Texas, but it’s not always easy to compare apples-to-apples when comparing different plans and providers. You need to pay attention to the details of each plan, especially when it comes to pricing – some providers add on transmission and distribution utility (TDU) fees and other line items that may raise your total bill.
Another factor that may affect electricity prices is seasonal demand. The summer and winter months tend to see higher electricity demand, which can drive up rates temporarily. While these temporary spikes are unlikely to last long, they can make a big difference in the overall cost of your energy bill. That’s why it’s particularly important to keep an eye on Texas electricity rates year-round, and to consider switching to a new provider or plan when market conditions are favorable. This way, you’ll be able to take advantage of the lowest energy rates whenever they are available.