Houston electricity rate plans offer flexibility to the energy consumer

In Houston Texas electricity service customers are beginning to see that choosing a variable electric rate plan and waiting for it to eventually go up is not the best choice.

The wait and see game works for awhile but eventually you can get stung as did Steve Smith who remodeled my house not but a few months ago.

We needed some drywall hung in the living room and some electrical rewiring done and me and Steve started talking. He mentioned that he used to get on a the cheapest variable electricity rate in Houston and wait and see.

If his rate started to go up to high he would simply shop around again and choose the next best offer out there at the time. He did this until one month electricity rates in Houston were sky high.

He could not find a good low priced variable electricity rate plan or fixed plan for that matter. He started to see how doing the wait and see game may work for a little while but you will eventually get burned.

He went ahead and bit the bullet and signed up for 6 months at a pretty high price for that time in Houston Texas. Fortunately after 6 months rates came back down to normal price levels.

He now is on a fixed electricity rate in Houston Texas and enjoys the price assurance a fixed rate offers and the time saved not having to continuously shop for Houston electricity companies every few months.

Steve is now out of the home remodelling business and has started a small sub sandwhich shop in the East Texas area. He used ElectricityBid to procure his commercial electricity rate and we look forward to working with him in the future when his contract comes up for renewal.

If you need to shop for commercial or residential electricity in Houston TX please use the compare tool at the top right by entering in your zip code. You can compare multiple Houston TX electricity companies and find the rate plan that makes the most sense for your situation.

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.

Tips for Selecting a Texas Energy Provider

Independence Day Promo Electric Rate From Bounce EnergyEvery May, our contract with our Texas energy provider comes up for renewal, and we have the power to choose whether to stay with our current provider or switch. In looking for a new provider and/or plan we not only want a good rate, but we first have to decide if we want a contract and what kind, and if we want to use green energy, all the while paying close attention to possible promotions and rewards programs. Here is the process we usually go through.

In order to choose a provider, it is best to start with a plan. The two most common plans are variable rate and fixed rate. With a fixed rate plan you’ll pay the same rate for electricity throughout the term of your contract (which is typically 2 years). The price can change only to reproduce actual price changes that are allowed by Public Utility Commission rules due to changes in law or regulatory charges. This plan is great for people who have a household budget since the rate stays the same, which protects you from rising energy prices; however, if market prices fall you have to wait until your contract is over to switch to a lower rate. If you think you might want to discontinue service after a short period of time, look for a company that does not have contracts or offers short term contracts. Companies that have contract periods often have a minimum term and if you cancel your service before the contract period ends, you might have to pay a penalty.

Variable rate, or often referred to as “month-to-month”, plans have no minimum contract period and are based on current energy market conditions. With this kind of plan, the rate you pay can fluctuate depending on the changes in the electricity market. Which means you can benefit from lowering energy rates and could help you to save on your energy bill. However, just as this type of plan allows you to save money when market prices fall, it could also have a negative affect if market prices rise because so would your electricity rate. For some people, dealing with constant changing electricity rates can be stressful so a fixed rate works best for them. On the other hand, there are others who like being able to always get the best rate and don’t mind searching for it, making a variable rate plan their best option.

Next is to choose between a non-renewable (standard) and a renewable (green) plan. You can check a Texas energy provider’s Electricity Facts Label (EFL) to see if their plan produces electricity from renewable resources such as solar, hydroelectric, landfill gas, biomass, geothermal, or wind. EFLs allow you to easily compare what each company has to offer to find the best fit for your energy consumption and budget. Each label contains the following information:

  • Electricity Rate: This is made up of the electric company’s average price per kilowatt-hour (kWh) for 500 kWh, 1000 kWh and 1500 kWh, as well as a possible monthly customer service charge and seasonal pricing. Rates can differ depending on the number of kilowatt-hours so it’s important to look at your past usage. With some companies the more kilowatt-hours you use, the lower the rate will be.
  • Contract Terms: Some companies have minimum terms and will charge you an early cancellation fee, while others may not require a contract.
  • Power Generation Sources: The electricity provider should list from what resources the electricity is produced (coal, natural gas, renewable energy, etc.) The percentages will be graphed to compare them to the average usage for electricity generation statewide.
  • Emissions: In this section companies provide details on the types and percentage of emissions they create per kWh of electricity generated. The energy provider’s percentages will be graphed to show if the emissions are better or worse than the Texas average. This might be an important section for you if you’re interested in decreasing your carbon footprint.

Once you’ve decided which plan works for you, then the next step is to compare Texas electricity companies. You can do this by going to ElectricityBid.com where you can compare prices and ratings. Just enter your zip code and then pick the kind of plan you want. You will be able to see different Texas energy providers and their company rating, different plans offered, cancellation fee, if electricity is produced from renewable or non-renewable resources and the terms and rate for each plan. These websites will also show you promotions and incentives offered by each company and if they have a rewards program.

Lastly, review and compare all the possible incentives and rewards programs offered. Some companies offer rewards programs to their customers such as cash back and gifts. For example, Bounce Energy is currently rewarding its customers for paying their bills on-time. Customers who pay their bill on-time for 6 consecutive months receive their choice of 2 movie tickets or a free companion airfare ticket and also gain access to Bounce Energy’s VIP Customer Service line. The longer you pay on time, the more you get in return. Power providers might also offer incentives or promotions for signing up with a new plan such as gift cards, airline miles, charitable donations, or better rates if you sign up online. For example, Bounce Energy’s Express Move plan. This short term fixed rate plan makes moving much easier by not only turning on your electricity, but Bounce Energy will submit your USPS Change of Address form, add your name to the Do Not Mail and Do Not Call lists, give you free identity protection service and give you either a $25 Walmart or Home Depot gift card. Bounce Energy’s Terrific 12 plan gives the customer their choice of $25 gift cards to Target, Wal-Mart, GAP Inc., Shell, or a $25 bill credit.

As you’ve probably seen, there are many Texas energy providers and plans to choose from but by doing some research you will be able to find one that is right for your electricity needs and budget.

Online Resources
http://powertochoose.org
http://www.electricitytexas.com

In Texas You Have the Right to Choose an Electricity Company

If you are relocating from out of state or are moving to a different Texas city from places like Austin, El Paso, Garland, Plano, El Paso and a few other areas you may be happy to know that you may now choose your electric company. Texas is the most competive electricity market in the world and because of this it has helped in lowering electricity rates for residential and commercial electricity service customers.

To begin shopping for residential electricity rates and comparing electric companies just use our comparison chart at the top left of this page. You will need to enter in your zip code and a list of electricity rates and providers will appear. Pick the cheapest provider based on either a fixed or variable term.

Make note that a variable price may be lower but it is subject to go up in price after the first month. This is because you are not locking in your electricity price when choosing a variable rate.

For most people a fixed electric rate makes more sense because you will have a predictable electricity rate and you will know what the price will be each and every month.

The choice in Texas is called the Power to Choose because you have the ability compare over 20 different competitive electricity providers and find the cheapest rate.

Clute TX Electricity Rates and Plans

In Clute Texas there are several electricity companies competing to win the business of both commercial and residential electric service customers. Not all companies will be cheaper than Reliant Energy but many are. Before just going with the cheapest Clute electric provider it is important to understand the plans available.

Our electricity rate comparison chart categorizes the electricity rate plans based on term. There are variable electricity rates and fixed rates. Don’t just sign up with a variable price because it is the cheapest. Variable prices change each month and the positive aspect to a rate like this is that you will not be locked into the Clute electric rate for any specific term.

To get started click here to use our residential electricity comparison chart

This means with a variable rate you will find it to be worthwhile if you will only be at a location for a short time. A variable electricity price follows the energy commodities market up and down. If you are risk averse it is best to get on a fixed electricity rate instead.

A fixed electric rate can be anywhere from 3 months to 36 months out. A fixed Clute TX electricity price simply means that the rate will not change on you for the entire term of the contract. For most people a 6 month – 1 year fixed electricity rate is the best choice. You will not have to worry about the electric rate fluctuating in price every month.

We recommend comparing Reliant Energy’s prices with the electricity rates in this chart. We think you will find substantial savings. All fees and charges are included in the prices in our comparison chart. The only think not in the rate are taxes and this is industry standard.

When looking at too good to be true offers elsewhere on the internet you may see some energy suppliers leaving off TDSP charges or line loss and ancillary charges. This means that although their fixed electric rate appears the cheapest in their advertisement you will see a completely different rate when you get your first months electric bill.

Our company does not have a business model based on tricking customers. Our comparison chart averages in all fees in the rate so you know what you will be paying. Since everything but taxes is in the electric rate you will be able to compare apples to apples with Reliant Energy and other reputable electricity providers in Clute TX.

To get started click here to use our residential electricity comparison chart

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

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