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Texas Electricity Rates

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Considering moving to Texas? Or have you called Texas your home for your whole life? Both native and newly minted Texas locals should take advantage of the state’s deregulated energy market in order to maximize their savings on their utilities each month. Payless Power, a leading Texas electricity provider, discusses how deregulation benefits electricity consumers and how you can take advantage of it today.

Texas Electricity Rates: The Power to Choose

Texas’ deregulated electricity market drives down their average rate of electricity, which is 11.76 cents/kWh and ranks as the 14th most affordable rate in the country. The Texas electric customer can garner serious benefits from this competitive marketplace by understanding their power to choose, knowing their energy usage, and learning about the different types of electricity plans and rates that are available in their area.

Texas’ Deregulated Electricity Market

One of the biggest benefits of living in Texas is the state’s deregulated electricity market. Texas residents have the power to choose an energy provider from various electricity companies that serve their area and this competitive marketplace provides an opportunity to save lots of money on monthly electricity bills. According to the U.S. Energy Information, energy deregulation has driven Texas residential electricity rates to be 19% lower than the national average, commercial electricity rates to be 24% lower than the national average, and industrial electricity rates to be 1% lower than the national average.

 

Payless Power provides the best prepaid and standard energy plans with no cancelation fees and no deposit in the area. Payless Power helps Texas residents get better retail electricity rates and save money on their average power bill, regardless of income or credit history. As a family-owned energy provider and not one of the giant energy suppliers, Payless Power takes great pride in serving our energy customers with care and respect.

Know Your Monthly Electricity Usage

The best way to take advantage of Texas’ deregulated electricity market is to understand your current energy consumption. By looking at previous electricity bills for your Texas household, you will be able to tell if you average below a 500 kWh, 1000 kWh or 2000 kWh level of consumption, which are the tiers that retail electricity providers divide their energy rates by. When you utilize the knowledge of your average electricity consumption, you can shop for Texas electricity plans with a more narrow focus, which will help you find the lowest (and most realistic!) Texas electricity rates.

Types of Electricity Plans

Whether you are upgrading to a larger home or downsizing to a condo, hoping to save on nights or weekends, or want to prepay for your electricity, there are several plans and rates to meet the needs of your household.

Fixed-Rate Electricity Plans

Get the stability of price protection with a fixed contract term. The customer will have a set electricity rate that they pay each month across a set term, be that for 12 months or 24 months (and over/under and everything in between), regardless of the variance of usage or the electricity market. Since these terms are typically for a longer period of time, credit checks, deposits, and cancellation fees are often included to qualify for these energy rates.

Variable-Rate Electricity Plans

Variable-rate, or month-to-month plans, are best for those who are seeking flexibility. Rates can change month to month depending on the volatility of the electricity market. These short-term plans do not require a contract or cancellation fees.

Green Energy Plans

Renewable energy plans are including within fixed and variable rates and prepaid electricity plans. These electricity plans give the customer the option to power up their home with energy that is generated from 6-100% of renewable energy resources. Green energy plans are great for those who want to lessen their carbon footprint and have a more positive impact on the environment.

Prepaid Electricity Plans

Prepaid electricity plans, which Payless Power offers, are very popular among Texans who want more control and want to avoid a deposit, credit check, contract, and general surprises on their electricity bill each month. Customers determine how much they want to pay in advance for their electricity and are notified throughout the month if they have used up their balance and need to pay more.

Power to Choose: An Official Texas Resource

Once you understand your level of energy consumption and the different plans you can choose from, it is time to start comparing Texas electricity rates. After lawmakers deregulated the Texas electricity market, they understood that they needed to bridge the gap between the understanding and capability of customers who wish to switch electricity providers, so they created Power to Choose as a resource. Power to Choose is the state of Texas’ official electric choice website. It is operated by the Texas Public Utility Commission and is the site most commonly listed within the state’s local county and township pages as a tool for finding an electricity provider. The site is a resource meant to enable Texas residents to find and compare electric plans on an unbiased platform to allow them to pick the one that works best for them.

How to Switch Electricity Companies

To start the switching process, head over to a third party energy rates comparison website and enter your zip code to find out what power companies service your area. You will then be able to compare a variety of electricity rates and plans that have differing terms (like month-to-month, 12 months and 24 months) or promotional offers (such as free weekends or no credit check). Make sure you read all the fine print of the electricity plans you are comparing to avoid any hidden fees or terms. After you have decided which of the electricity plans you are going to go with, you can sign up directly on the provider’s website or over the phone. Ultimately, switching electricity companies is a very simple, quick and easy process.

Get Lower Texas Electric Rates Today

In Texas, you have the power to choose which Texas electricity company gets to service your home. In the competitive deregulated electricity marketplace, make sure you are periodically reviewing the electricity rates in Texas to make sure you are getting the lowest rate and save the most money that you possibly can on your utilities!

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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

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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

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