Find the lowest electric rate with our energy comparison tools
Power to Choose Texas is the Public Utility Commission of Texas’ official website for energy choice. It is meant to be an unbiased resource for Texas consumers to find the best electricity plan.
The Power to Choose website aggregates energy plans from Texas Retail Electric Providers (REPs) so that users can compare rates from multiple companies.
Find the right energy plan for you home can save hundreds of dollars each year, but it’s not always as simple as selecting the plan with the lowest rate per kilowatt-hour.
Many energy providers have complicated terms, conditions, and sneaky fees and usage thresholds that could cause your electric bill to skyrocket. Tha’s why reading the fine print of each plan is important. That’s why you should always read the Energy Facts Label for the energy plans you are considering.
The Energy Fact Label discloses important information like wether the plan is fixed or variable rate, how much energy is from renewable generation sources, contract length terms, and a whole lot more.
To get started browsing plans for your home with all the important information readily available start here.
The Texas Power to Choose website does list electric providers that serve businesses, but they do not display any rates. Enter EnergyBot.
EnergyBot allows businesses to browse rates and signup with a new low electric rate online in just minutes. For larger energy consumers, we also offer customized pricing and services to match your energy procurement needs.
Getting the lowest cost energy plan can equate to a big relief your bottom line. Our average business customer saves 20% on their annual energy costs. If you’re spending several thousands of dollars on electricity in a month that can be a big chunk of money back in your pocket.
Just like residential energy plans, commercial energy plans have complicated terms and conditions. For large businesses, there are even more rate structures and conditions. Unfortunately, because the vast difference in usage and complexities with business energy usage there is no Energy Facts Label for commercial energy plans.
If you have questions about an energy plan contact us, and we will be happy to answer your questions.
In 2002, Texas became a deregulated energy state. Deregulated energy markets allow for its customers to shop in a competitive market from various suppliers, rather than essentially being assigned to a company.
In Texas the electricity market is deregulated, while the gas market is not. For example if you live in Dallas, you most likely have to use Atmos Energy for your gas service while you can choose between dozens of electricity providers.
You can learn more about energy deregulation and which state have deregulated their electric markets in this article.
If you open your bill to a shockingly high amount you may want to see if switching to a new energy provider makes financial sense. You will need to consider the current price of electricity, early termination fees and other factors.
Once you have reviewed your current contract and know what. If any termination fees you have, switching plans is simple. You can just browse rates and switch online in about 5 minutes using our tools. You can find more information and details on how to switch electric suppliers in this help article.
There are various types of energy plans that use different types of pricing models. Without going into too much detail, we will focus on the two most common types of energy plans. Fixed rate and variable rate.
The simple definition of a fixed rate plan is that you are signing up for a contract with a fixed rate. That rate will remain constant for the term of the contract. Regardless of weather, natural events like hurricanes, or market volatility, your rate will not change. In most cases, fixed rate plans will have a term length of 12, 24, or 36 months.
The simple definition of a variable rate plan is that you are signing up for a contract with a variable rate. The rate will change on monthly basis based on market factors. Variable plans offer more flexibility but also present more volatility in pricing which may affect your monthly electricity bill.
By signing up for a longer contract with an energy providers (2 -3 years), you can usually get a lower rate. With longer terms, suppliers are able to forecast usage better. This allows them to purchase energy futures to balance supply and demand. Providers will often pass that savings on to you. When long term plans are more expensive it usually means that the energy market is unusually low or that pricing will increase soon.
Electricity is a commodity so when you choose a an energy provider there is no real difference in the electricity you receive. Electricity from provider A is no different than provider B, but there are some things you should keep in mind when comparing providers.
Energy supplier do differ on customer service, billing tools, and usage monitoring. While some people ultimately care about their costs you may want to double check that your supplier has an online portal for bill payment etc.
Most suppliers do offer online billing, but some largest suppliers have more tools and better customer support.
The delivery of your electricity is handled by the local utility. For example, in Houston the utility is Centerpoint. They handle outages, maintain the grid etc.