In 2002, Texas deregulated the state’s electricity market making the retail energy companies compete for Texas residential and business customers. With a more competitive energy market Austin electricity providers must be more efficient, lower costs and provide better customer service to acquire and retain customers. Deregulation also gave residential electricity customers and commercial electricity customers the power to choose their electricity plan from the long list of retail energy suppliers serving the city of Austin, Texas.
For businesses of all sizes – from small businesses to enterprise-level, the Texas deregulated market has enabled competition. Today, every business has the ability to compare energy plans from top energy suppliers and shop for the best rate available.
In most cases, businesses will be able to effectively manage and/or reduce their monthly electricity costs by switching energy plans and providers every year.
If you are a business in the deregulated energy market of Austin, Texas, you now have the power to choose your electricity supplier and your rate. Austin has its own publicly owned utility, Austin Energy that provides energy services for the City of Austin and surrounding areas. Because of this, your business may not be eligible to shop multiple suppliers.
Even though you have the power to choose, it can still be a daunting task. In each specific zip code, today’s commercial customer will have hundreds of plans from over 25 different energy suppliers to choose from. And although the intended result of deregulation was to lower prices for small businesses, medium businesses and larger enterprise level businesses, it’s not that simple. In many cases, comparing energy plans is still confusing due to the sheer number of plans available, promotional rates that are not apples-to-apples and the legal fine print that details fees and penalties.
Commercial energy customers can maintain control over the process by reviewing their monthly usage and average monthly electricity bill. A good rule of thumb to follow based on the amount of the monthly bill.
If your average business electricity bill is under $500 per month, then you can get a very good energy rate for your business through a simple online comparison of energy rates.
If your average commercial electricity bill is over $500 per month, then you will most likely get a more competitive energy rate through the custom energy quote process. The custom process is exactly that – by providing basic business information, energy usage and submitting a recent electricity bill – EnergyBot can leverage partnerships with suppliers to work on your behalf and secure the best energy rate for your business. Although it will take more time to complete, the custom quote process may deliver a lower energy rate that will add up to big savings for your business.
Through our trusted partnerships with leading national energy suppliers, EnergyBot can also help businesses switch to a green energy plan and support a more sustainable business practice.
Finding a new electricity provider in Austin is simple with EnergyBot. Follow these simple steps to get the lowest electricity rate in Austin.
Enter your zip code at the top of this page and you can quickly see plans from the top Austin electric companies. For even better pricing use our data linking tool to pull in your historic usage from your utility.
Energy plans often have long confusing contracts. We don't like teaser rates and tricky terms, so we filter out the plans that trick customers into bill spikes. Each plan you see on our site has plan details. This breaks down the most important information about the plan into a way that is easy to understand.
Once you have decided on a new energy plan for your home business just follow the prompts to confirm. Once you're done, we give you dashboard to see the status of your contract.
Austin energy providers offer rates and plans with a range of options and terms. While you will see many types of plans for the most part they are in two categories: fixed-rate and variable rate.
Fixed-rate plans will have a set price for the term of the contract. Regardless of weather, natural events, or market volatility, your rate will not change. In most cases, fixed-rate plans have a term length of 6, 12, 24, or 36 months. We recommend fixed-rate plans for most customers.
Variable-rate plan rates may change on a monthly basis based on market factors. Variable-rate plans offer more flexibility but present more volatility in pricing. Price changes may impact your monthly electricity bill in the form of price hikes. In most cases, we do not recommend variable-rate plans.
Austin is the known for many things – it’s the capital of the state of Texas, a budding new technology hub outside of Silicon Valley, home to the SXSW festival as well as UT – The University of Texas Longhorns. As of the last US Census, Austin’s population reached nearly 1 million inhabitants, a 25% jump in the last 10 years. As the southern most capital in the U.S., Austin also gets nearly 300 days of sun and nearly outshines its West Coast longitudinal friend in San Diego. Known for its live music and growing millennial population, Austin, Texas is also one of the the fastest growing cities in the U.S.
The 2.7 million small businesses in the state of Texas employ over 4.7 million people and added nearly 95,000 net new jobs, according to the latest SBA Small Business Profile. The economic growth in Texas has remained strong as the annual growth rate is 5%, outpacing overall U.S. growth by a full percentage point, and the state’s unemployment rate has continued to decline, dropping from 4.1% to 3.8% in 2019.