Are you Looking for a Way to Avoid a Deposit?
The most flexible terms and fixed rate plans are with Texas Power but if your credit isn’t the best you might want to try Bounce Energy’s No and low Deposit Plans. Bounce Energy offers a way to avoid a large deposit. All that is required is a valid credit card. We recommend them over Texas Power for assistance in switching electric companies without having to put down a large deposit. If you need cheap Texas electric service with several flexible fixed rate terms than Texas Power is a great way to go as they have multiple short term fixed rates as well as longer terms.
There is a new electric provider advertising electric rates in Texas where there is no need to make a choice, pick a plan or any other related headache. It seems their business model is to keep it simple stupid. What they offer is a low month to month variable electric rate with no term commitment. The only issue I have with variable Texas residential electric rates is when a provider like Cirro Energy attempts to sign up people on a term commitment with a variable electric rate plan. That would make no sense as you would be locking into a contract on a rate they can raise for any reason. In comparison you could sign up with Texas Power on an electric rate that is variable but has no commitment. They have an incentive to keep the rate somewhat low on a month to month basis since you always have the option to leave at anytime.
Variable electric rates will average higher during the course of a year for residential customers however if you are a commercial customer you can get on a variable electric rate with some providers and actually pay less then you would on a fixed rate. Texas Power offers a variable rate plan for businesses however it is a little higher then a standard MCPE variable electric rate. I would recommend not getting on the variable rate with Texas Power if you are a business customer. Instead you should consider getting on a standard MCPE variable commercial electric rate which will have a smaller profit margin. Texas Power offers a commercial variable electric rate that has about a 1/2 penny higher profit margin added to it. The actual make up of the Texas Power commercial electric rate is not disclosed but they have the option to change it each week.
If you are interested in checking out a standard MCPE variable electric rate that can be compared to a Texas Power commercial rate you can call an energy consultant at Electricity Bid to learn more.
You may call us to order over the phone or learn more by calling 1-800-971-4020