Electricity Company Rate Plans

Electric Company Rate PlansWhen picking a rate plan for a residential home or apartment you need to understand how energy providers choose to market.

Every electric provider will have a few good deals on certain plans. It may be a 3 month rate or a 15 month rate but what you will see is a slightly cheaper price for that term than a typical contract term.

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It will not always be the 3 month and 15 month fixed rate plan that offers the best electricity price but this serves as an example so I can explain what is going on here.

Many times a standard 12 month fixed rate will offer the best deal but a provider can steer you to a different rate plan by making look better.

Even if certain things about an electricity company rate plan are bad for the customer an electricity provider will market it in such a way that you may see the bad aspects as positive.

These energy suppliers are simply featuring the bad parts of their plan and making you pay more for it. Don’t fall for these tricks as you end up losing in the end.

Below are some points to consider when choosing an electricity company and one of their rate plans.

  • Choose a standard electricity rate plan such as 6 months, 12 months, 24, or 36 months.
  • Don’t always go with the cheapest plan especially if it is a short term 1 – 3 month deal. That price will go up.
  • Lock in to a fixed rate and skip going with the cheaper variable price. Variable rates are always subject to change.
  • If a company leaves off TDSP charges, surcharges, and other hidden fees in their rate don’t trust that they have your best interests in mind. Go with a different provider.
  • Stay away from electricity rate plans that say they are fixed but also have a fuel surcharge that can adjust with the commodities market. This is a trick and it simply means your electricity company rate is not truly locked in as fixed.

Texas Electric: What Happens If You Don’t Choose a Provider?

 

With all the talk about choosing your electricity provider, many still haven’t done it. “So,” you may be wondering, “what happens if you don’t exercise your right to choose your Texas electricity company?” Following is some insight.

When you elect not to choose your electric provider, your service will be supplied by what’s called an Affiliate Retail Electric Provider. Who/what is this?

An Affiliate Retail Electric Provider is an entity associated with the original Retail Electric Provider (REP) that services your area.

If you don’t know which company this is, you can find out by logging on to sites like ElectricityBid.com. You can speak with a representative there, or plug in some info like your zip code to find out which Texas electric companies service your area.

What You Give Up by Not Choosing Your Texas Energy Company

The most important thing you give up is energy savings. Why/how?

Conventional Texas electricity companies offer so many money-saving plans for all types of consumers. For example, if your credit has gotten a little dinged up in the last few years – and many have seen this happen with the raging foreclosure crisis and steep job losses — you may think that the only plan you can get is an expensive one like a prepaid electric service account.

This is far from the truth.

With no-deposit and low-deposit electric plans like the Texas LITE-UP Program, energy savings have never been easier to get.

FYI, the Texas LITE-UP Program gives discounts to customers from May through September on their electric bill.

So “choose to choose” your Texas electric provider. Sites like ElectricityBid.com make it so easy. Literally, with a few clicks of the mouse, you can be on your way to reducing your monthly electric bill.

Compare Electricity Rates in Texas – Click here

Pennsylvania Electric: One Home Improvement That Can Significantly Increase Energy Savings

In today’s economy, homeowners are more conscious than ever of the need to cut costs wherever possible. One way to do this is to invest in energy-saving appliances for the home. Following is one way to do just that.

Combination Boilers: Save on Heat and Hot Water Costs

Everyone uses heat and hot water. These are supplied via various methods, one of the most common being electricity. When electricity is used, it usually means that there’s a water tank and some type of heating unit (eg, a furnace).

When you add in really cold weather, large square footage that needs to be heated and/or many users, your monthly Pennsylvania electricity bill can get really steep very quickly.

But, what if you could get all the heat and hot water you need from one unit? This is what a combination boiler (aka combi boiler) can do. Instead of heating water from a cold water tank (which takes more time), combi boilers heat water from the water main – as it’s being dispensed.

This means you don’t have to run water and wait for the “hot” to come on. Imagine the savings from this one feature alone.

Another thing is, with the federal government giving energy tax credits to homeowners who make energy-efficient improvements to their home, now has never been a better time to install a combi boiler.

Get Energy Savings Everyday

If you’re currently under a prepaid electric service plan contract with a Pennsylvania electricity provider, it pays to do some investigating into other options. Why? Because there are low-deposit and no-deposit options that are so much more budget friendly.

Even if you’ve had credit problems in the past and fear having to pay a high deposit, you have choices. Check with traditional Pennsylvania electric companies and ask about programs like budget billing and LIHEAP.

These programs are designed to help credit challenged, low-income and fixed-income residents save on their Pennsylvania electric bills.

Benbrook Texas Electricity Prices and Plans

In Benbrook Texas you can sign up for electricity rates and plans that are priced at the same price levels as providers price in the Dallas Fort Worth and North Texas region of Texas. In North Texas electricity rates and plans are cheaper than in almost every deregulated are in Texas. Each electricity provider in Benbrook Texas offers a different rate and several plans to choose from. We help sort these electricity rates and plans out from cheapest to most expensive to help an energy consumer find the best price for their electricity in Benbrook TX. The electricity comparison chart below shows electric prices for the North Texas and Benbrook TX area. Simply find the plan and company you want to sign up with and click on the “continue” link. You will then be taken to a sign up page where you can sign up online and be approved for electricity service. If you are asked for a deposit and you cannot afford to pay that deposit you can try another provider in the comparison chart until you get approved for electricity service for little or no deposit.

The latest issue that has hit the news about Benbrook electricity prices and plans has to do with with some of the prepaid electricity companies out there. Many of these companies are changing the way they talk about their product and service because prepaid has started getting a really bad name in the media and among consumers. For instance, some recent news stories have been suggesting some low-income energy consumer’s have actually died from having their electricity prematurely turned off without proper notice. This is probably a long shot but it does hit on an important point. A lot of the prepaid electricity companies have a history of turning off their bad paying customers without proper notice. If a Benbrook Texas electricity customer does not pay their bill on time it does make sense for an electric provider to eventually shut the power off but the question is when does a provider have the right to do this? Their are Public Utility Commission Rules that stipulate what notice must be provided to a customer who has not paid their electricity bill as well as how many days the customer has to pay their bill before their electricity service is turned off.  If a Benbrook Texas electricity provider disconnects an energy consumers power prematurely they can be hit with a large penalty if that customer complains to the PUCT.

If you are a low income customer and you have bad credit or no credit at all we would like to suggest a no deposit electricity plan that is not prepay or pay as you go. You previously could sign up on what was known as a no deposit plan with Bounce Energy. What Bounce did was take $125 from the customer that would be deducted on their first months electricity bill. Instead of paying a deposit with a different electricity company that you would not see for atleast 12 months you would have your $125 deducted on your first bill. If you paid your electricity bill on time the first 3 months Bounce would proactively lower your Benbrook electricity rate to their cheapest rate plan available. Since this is no longer an option be sure to ask for their best rate plan for bad or low credit score customers to make sure they consider you for a low or no deposit electricity rate plan. This plan is no longer available but we have several prepaid providrs to compare in our compare tool at the top right of this page.

Sugar Land Texas Electricity

Compare Electricity Rate Plans and Companies in Sugar Land Texas

Sugar land Texas electricity prices are the same as they are in the city of Houston Texas. When comparing and choosing a Sugar Land Texas electricity provider you want to consider what rate plan you want to get on. The most popular electricity rate plans are the fixed rate plans. Some of the top fixed electricity plans people generally choose are for 1, 2 or 3 years. Occasionally electricity consumers in Sugar Land will choose a shorter term plan like a 6 month fixed rate. Be sure to mark on your calendar when your electricity rate is set to expire. If you do not mark on your calendar and your electricity provider in Sugar land does not send you a reminder email or mailing that you need to renew you will be automatically switched to a variable electricity rate plan.

The issue of a fixed rate expiring and a Texas electricity consumers rate automatically going to a variable rate is one of the banes of the Texas deregulated electricity market. Even when using the larger electricity companies like TXU or Reliant Energy you can find yourself on a no contract variable price much higher than your fixed electricity rate. The only way to insure you do not fall over to a variable rate is to mark it down on your calendar. Sometimes those reminder emails and letters get misplaced, lost, or the provider simply never mails it out.

You can find and compare several cheap Sugar Land electricity rate plans and prices by using the comparison chart at the top of this page. Rate plans are categorized from 1 year all the way out to 3 year. The most popular electricity plans are the 6 month fixed rates and the 1 year fixed rates. Electricity Bid currently recommend locking in fir at least 1 year while electricity rates in Sugar Land Texas remain some what low from their highs.

Generally we discourage residential customers from signing up on a variable electricity contract because the price can go up and down without any warning. Some electricity companies like Bounce Energy have a price ceiling in place so the variable electricity rate can only go so high. If you do sign up on a variable electricity rate with companies like Bounce Energy you are partially protected against price spikes in the variable Texas electricity market.

There were no deposit electricity rate plans in Sugar Land but the company offering this plan has discontinued that rate plan choice. Each no deposit plan had one catch or another and some of the popular ones still available but not recommended involve prepaying for your electricity service. The best we had seen so far involved paying an initial fee of $125 that you will have applied to your first months electricity bill but this rate plan has since been discontinued. This wasn’t exactly a deposit which you would get back at the end of your electricity contract but was applied in short order on your first months bill. Also, if you paid your Sugar Land electricity bill on time that no deposit electricity rate was lowered to the lowest rate plan available. This no deposit plan that is no longer available was for those energy consumers in Texas currently in a credit crunch that couldn’t afford paying a large deposit to their electric utility. This plan was available through Bounce Energy

If you would like to compare no deposit and prepaid electric service offers please use our compare tool at the top right of this page. All of these providers service the Sugar Land area and will be able to provide prepaid service in your area.

Electricity Bid helps you find an electric rate and provider to save you money and keep life simple.

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