Tyler Texas Electric Company

Tyler Texas Electric Company

Tyler Texas is one of many East Texas towns that has their electric market deregulated. The positive to a deregulated energy market is the ability choose from multiple companies and rate plans.

The negative aspects are there too but I believe the positives far out weigh the negative. I remember when first moving into my own place in Tyler TX I was asked for an electric deposit from the monopoly electric utility.

I had no established credit and so I had to come up with the extra money. With the ability to choose your electric company in this area you don’t have to settle for paying a really high deposit just because you haven’t established any credit yet.

There are Tyler Texas electric companies that will allow you to order electricity service without having to come up with $300 or more.

The catch is that you will need to sign up with a prepaid light company. A prepaid electricity company is very similar to traditional energy suppliers accept they bill you upfront instead of 30 – 45 days later.

Some prepay light companies will estimate your electric usage based on the size of your home or apartment.

Other Tyler electric suppliers will use an advanced meter and a prepaid device that you slide a prepay card into similar to a credit card.

The device deducts the amount from the card based on your exact electric usage.

If you have a smart advanced meter I recommend choosing a prepaid electric provider that uses one as you only pay for what you use.

The alternative to the smart meter reading is estimated readings which usually are a little higher than your actual electric usage.

There is a company I have seen on TV in Tyler called Apollo Electric that offers prepaid electric service although we do not know much about them.

We have a comparison of a few no deposit prepaid electric providers that service Tyler if you need to search and find a good company with no deposit.

Just use the comparison chart at the top of this page to compare no deposit energy offers in Tyler TX.

Regarding East Texas Electric Cooperatives, Municipalities, and Monopoly Providers

Tyler is unique in that the city is surrounded by electric cooperatives who do not offer energy choice to their customers.

Places like Longview cannot compare competing electric supplier prices because there is only one energy company in this area.

Other electric Coop’s that exist are Cherokee County Coop, Deep East Texas Electric Coop, and East Texas Electric Coop.

Smith County Texas Electric Company Commercial Rate Comparison

In many ways commercial and residential electric rates are the same. The main difference between these two account types are the fact that residential load profiles are all the same.

Electricity providers can offer all the same rate plans no matter the customer when speaking to residential customers because none of them will cross a thresh hold that would increase the cost to the provider significantly.

Commercial businesses vary dramatically in how they use electricity. A large industrial manufacturing or chemical facility uses far more energy and in much different ways than a small smoothie franchise.

Because of variations even between restaurants and retail clothing stores commercial electric rates are priced individually by a provider based on how the business uses their energy.

The tailored made nature of a commercial energy price in Tyler TX usually means a more competitive rate. A stunning exception to this rule is if you have a Tyler church.

Churches will always pay way more for their electricity compared to what they use because of their KW demand. Electric companies charge you for both kilowatt hours used and how much is demanded.

Because a Tyler church demands energy all at once on Sunday they get hit with a large fee for this no matter the electric company they choose. This fee is more of a grid, transmission provider fee than a fee from the retail electric company.

Unfortunately there is no way out of these high cost TDSP fees for churches at this time until the PUCT and ERCOT choose to offer some type of relief to this type of operation as found in a church.

Regardless if you have a church that needs a commercial electric rate comparison or some other type of business we can help facilitate a reverse energy auction for your energy account.

To learn more about this topic and others please call one of our local Tyler TX commercial energy consultants at 1-800-971-4020.

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

Texas Electric: What Is a Provider of Last Resort & Why You Want to Avoid Them

Anything with the phrase “last resort” in it is probably something you want to avoid — unless you’re talking about scoping out Caribbean vacation spots (as in, that last resort we toured was gorgeous). When it comes to energy, you don’t want to be in the “last resort” club.

As it relates to Texas electricity, following is what a Provider of Last Resort (POLR) is, and why you want to avoid being a part of their roster.

What is a Provider of Last Resort?

Actually, from a consumer standpoint, a POLR is a good thing. They are Texas energy companies that act as a back-up in case an existing service provider goes out of business.

Texas electricity consumers have a deregulated energy market, which has produced the need for POLRs. Why? Because with deregulation came a lot of competition. And, some of these new companies had neither the market savvy nor the secure financial backing it takes to be in business for the long haul.

Many of them came on the scene offering Texas electricity consumers low rates, but they couldn’t deliver when certain market forces shifted. So, they went out of business – leaving thousands of customers potentially stranded.

Enter POLRs. The Public Utility Commission of Texas (PUC) designated certified retail electric providers (REPs) to act as POLRs for each customer class in each electric utility service area open to competition.

While this is a comfort, it can be a nightmare in that there is no guarantee that the rate you paid with your old Texas electricity company is the one you’ll get with your new one. And, if you’re already paying the high cost of a prepaid electric service plan, your costs could escalate even more.

Why It Pays to Choose a Traditional Texas Electricity Company

This is why it pays to sign on with a traditional Texas energy supplier – even if it means saving up to pay a deposit. Although, many have low-deposit and no-deposit electric service plans you may qualify for. All it takes is a phone call to find out.

To Compare Texas Electricity Rates please click here

Texas Electric: Advice on Moving from a Regulated to a Deregulated Energy Market

If you’ve moved from a regulated energy market to a deregulated one, the first thing you need to do is get used to the idea of freedom. Freedom? Yes, the freedom to choose your electricity supplier.

Study after study has shown that competition has led to better service and lower rates for Texas electric customers. However, many haven’t taken advantage because they don’t know where to start. 

How to Shop for a New Texas Electric Company: Find a Trusted Source

The first place to start is with a trusted source. Websites like ElectricityBid.com put all of the resources you need to shop quickly for a Texas electric company at your fingertips. What you’ll find on sites like this are:

Comparison Charts: These list rates for multiple Texas electricity companies within a given region.

Requests for Energy Proposals: By filling in just a few pieces of information, you can get bids from numerous Texas electric companies to compare. This eliminates the need to visit website after website or make phone call after phone call to gather he info you need to make an informed decision.

Low Deposit/No Deposit Electric Service Plans: Have bad credit? A low income? On a fixed income? Conventional Texas electric companies have options for every type of consumer. You don’t have to automatically assume that the only options available to you are high-cost prepaid electric service plans.

These are just a few of the helpful categories you’ll find on sites like ElectricityBid.com. Everything you need to find the best Texas electric plan for you can be found there.

Texas Electric Customer Shopping Tip

 

Ask, ask, ask! When moving from a regulated to a deregulated energy market, most customers assume that the old rules apply. So, if they’ve had an expensive prepaid electric service plan before, they automatically assume that’s all they can get again.

Not so.

Ask about no-deposit electricity plans like the Texas LITE-UP program. It gives customers a discount on their electric bill five months out of the year.

Call and ask for qualifying details and/or to inquire about other programs like this that can help you defray the cost of your Texas electric bill.

Blu Power of Texas, Letting Customers Go

Other No Deposit Guaranteed Electric Providers

Since Blu Power closed down in Texas we recommend other electric companies for those needing to avoid a deposit. Blu Power sold pre-paid electric service although there is now an electric provider in Texas that will allow you to sign with a no deposit or low deposit depending on your credit. The plan was called the “Fresh Start Plan” but that plan has been discontinued. We compare several prepaid providers using our compare tool at the top right. You can use it right now to find a provider that will work with your credit situation.

5 Texas Energy Companies out of Business in Texas

Another electric company in Texas were hit by the index market skyrocketing prices when they couldn’t afford the wholesale market financial requirements. The MCPE market spiked and they were not able to afford to keep their customers. They have started the process of letting all 2,000 of their customers go who are primarily Texas prepaid electric service customers. These Blu Power Customers will be getting back any money owed to them by Blu Power of Texas according to the electric company. Blu Power has said that many of their customers owe them money then they who owe their customers.

When Will it End?

With this now being electric company number 5 now out of the electric business you begin to wonder when this going out of business thing is going to stop? How many other small electric companies got into this business over their head? Some of the Texas electric companies came into the Texas market without a good understanding about just how volatile the Texas energy market is as well as what kind of capital investment you need as leverage against the hottest summer and the coldest winter to continue to stay in business.

Blu Power Electric Service Customers

If you are a Blu Power Electric customer we recommend checking out some of the discount electric rate offers we have at the top left of this page. If you have any questions please feel free to give Electricity Bid a call at 817-929-7095. Further questions can be answered by the PUCT (Public Utility Commission of Texas). Some of the other providers that have gone out of business in Texas for similar related issues are, National Power Company and Riverway Power.

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

Get in touch with us!