Houston is a living gem of international culture and thrilling attractions. From the Space Center and the Houston Museum District, to The Galleria and Wortham Center, the sparkling city seizes the imagination of all who live and visit there.
One thing Houston is also known for is humidity. The night life is rich as denizens find refuge from the heat. During the day, AC and fan power is essential, but costly. Finding the cheapest electricity in Houston is a high priority for many residents throughout the metropolis.
Electricity Deregulation Across Texas Empowers You to Find the Cheapest Electricity in Houston
As an energy-consuming resident of our fine state, you couldn’t be in a better position to access the best electricity rates in Houston. Because of electricity deregulation that was approved by Texas Senate Bill 7 on January 1, 2002, 85% of Texas power consumers (those who subscribe to a company not owned by a municipality or utility cooperative) can choose their own electricity service from a variety of retail electric providers (REPs), including the incumbent utility.
Cheapest Electricity in Houston – Factors that Figure Into the Best Rates
In spite of a healthy economy built chiefly on energy, particularly oil, financially savvy Houstonians know the value of saving their hard-earned dollars. Payless Power has compiled a brief guide to the factors to look for when locating the best rates:
Paying a full deposit to activate electricity can be a hefty sum for many consumers. On average, a deposit is one-sixth of the annual bill, which for most companies clocks out between $150 to $230. Deregulation allows you to choose companies like Payless Power that require no deposit, helping you instantly save money.
The average Texas customer pays 10.98 cents per kilowatt hour (kWh), but rates vary greatly depending on your provider, the energy market, and current environmental conditions. We always recommend that you research a variety of company rates.
One factor that often receives little attention until it gouges your pocketbook is cancellation fees. A cancellation fee can be just as expensive as the initial deposit, so be sure to read the fine print closely!
Choose Your Plan
Get familiar with fixed, indexed, or variable plans. Fixed rate is based on a post paid offering with a contract, indexed is calculated from public average usage, and variable, the most flexible, is typically accompanied by no contracts. Variable prepaid rate plans never require a deposit with Payless Power. You simply pay as you go for the energy you use.
Daily Usage Notifications
If you choose a variable plan, make sure the company offers a notification system to help you stay aware of your daily usage. At Payless Power, our mobile daily notifications help our customers save as much as $415.53 annually.
Payless Power Makes It Possible to Find Affordable Houston Electric Rates
In a sea of competing providers, it’s challenging to decide on the best electric plan. Through Payless Power, we cut down on the hassle of researching the cheapest electricity in Houston by working with principal utilities in your area to provide affordable electricity activation, regardless of your credit history or income status.
Payless Power services include:
- Locked-in and fixed rates for up to 24 months
- Once-per-month billing
- Low monthly rates per kWh
- No money down and no deposit with approved credit
- Flexible payment plans and pay-as-you-go options
- Free Same Day or next day connection when the home is equipped with a smart meter
- Daily notifications via text or email to keep you apprised of your usage