Texas Electricity Comparison – 5 Tips of the Trade for Choosing the Best Energy Rates
Texas passed a bill in 2002 that called for deregulation of the electricity market. What this means for you, the energy consumer, is that you have power to conduct your own Texas electricity comparison to find the best rates available. Instead of relying on government-controlled monopolies, 85% of Texans can choose from countless retail electric providers (REPs) in more than 400 cities. With all these providers available, how do you sift through all the plans to find the best energy rates in Texas? We’ve put together a Top 5 list of major comparison tips you can put to work right now:
Texas Electricity Comparison Websites – Search for electricity comparison websites to pull up details on providers in your area. You’ll be able to search rates, cancellation policies, contract terms, and payment options for any number of retailers. This makes narrowing down your decision easy from the start.
Research Reputations – Once you’ve picked a few candidates, plug the company name into various search engines to read reviews and note any cautionary signs. The lowest rates don’t necessarily mean the most trustworthy providers, so you’ll want to be on the lookout for scams and rip-offs.
Do Your Homework – During your Texas electricity comparison research, make sure you notice whether you’re looking at fixed or variable rates to get a good idea of whether a plan will meet your budget. A fixed Texas electricity plan means that you can rely on a consistent bill every month for one or two years. Variable or indexed rates change every month, fluctuating as the market dips and rises due to various factors like natural gas prices or a publicly available index.
Deposit or No Deposit – Many consumers don’t have the room in their checking accounts or the desire to pay a $150–$450 deposit. Typically, your best option is to choose a plan with low rates and no deposit to help you gain optimal savings from the start. Many companies now offer this benefit, realizing that providing affordable electricity immediately is a necessity when the temperatures of Texas really heat up.
Read Before You Sign – Passing on the fine print is easy to do when you need electricity now, but it pays to take the time to read all contract terms before signing up. You’ll want to make sure that the wording on the contract isn’t too small to read (a major red flag), and that all language is clear and not laden with complications that could lead to hidden fees. Furthermore, you may want to check with a live customer representative to guide you through the final details of the agreement. Are they friendly and easy to understand? If you feel secure and in control of your Texas electricity plan, you may have found yourself a deal.
Texas electricity comparison doesn’t have to be overwhelming. SHOP RATES with Payless Power today for low, competitive rates, or get in touch with us about more ways to make sure your electricity comparison goes smoothly.
What our customers are saying
See why our power customers say we're the best electricity provider in Texas!
Affordable and easy to make payments
I was worried about getting electricity for my home through a prepaid company. I was calling around to see different rates then going through all the hassle of credit checks while dropping points each…
Christine M. in Killeen
Published on July 21, 2017
I have been with this company for several years and have been very happy since. Even when I moved, they made my usually stressful situation very easy and carefree. I recommend them to everyone that I…
Julia L. in Webster
Published on August 10, 2017
Long term customer
I have enjoyed the service for 2 years now. In the beginning this service was planned to be temporary but with the service being so effective for me i decided to keep it for the long haul. I’m a happy customer.
Kalandra H. in McKinney
Published on December 02, 2017
About Payless Power
Payless Power wants to be your Texas electric company.
Whether you live in a large city or small town, we can save you money! Where do we provide Texas electricity? We service customers in more than 400 deregulated communities in Texas. We work with principal utilities throughout the state of Texas to provide prepaid electricity. The utilities are: Oncor in the Dallas / Fort Worth Metroplex and various parts of West Texas; CenterPoint Energy in Houston and the surrounding areas; AEP Central in Corpus Christi and surrounding areas; AEP North in Abilene and other North Texas communities.