Compare Electricity Rates and Shop For Electricity Plans
Bill credit electricity plans are among the most popular in Texas. These are the electricity rates that look amazingly low at the advertised rate of 1000 or 2000 kWh. But dig into the details and you may find you’re paying a higher price per kilowatt hour than you expected. We call these plans a Texas teaser rate. And while they can be good for some consumers, they can be a big red flag for others.
Read More about Bill Credit Electricity Plans – Texas Teaser Rate or Good Deal?
As you’re shopping for electricity, you’ll come across plans that advertise phrases like “free nights and weekends” or “free nights and solar days” or even “free days electricity.” This may sound too good to be true, but they’re absolutely legitimate.
There are a lot of light companies with free nights and weekends plans. But, what you really want to know as an electricity consumer is, are free nights and weekends worth it? We explain how these plans work, their pros and cons and how to use them to save on your bill.
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If you are shopping for electricity based on the advertised rate or one of the three electricity rates shown on the Electricity Facts Label, stop. You might pick the electricity company advertising the lowest rate based on 500 kWh, 1000 kWh or 2000 kWh. But you could soon discover it’s not as straight forward as you’d hoped. Because unless you read the find print you may choose the wrong plan.
Before you blindly click on the plan with the lowest advertised rate, read this article.
Read More about Why Does Texas Have Three Electricity Rates?
Knowing how to read an Electricity Facts Label (EFL) is the key to finding the right electricity plan for your home. It’s easy get pulled in by the advertised rates, showing low prices at a certain usage level. But the EFL shows you the math behind that attractive rate, showing you exactly what to expect from your electricity plan.
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Choosing the electricity plan type is just one of many choices you’ll have when choosing your new electricity plan. There are fixed, variable and indexed electricity plans. It can be confusing to sort through the different options available, especially if you’ve never bought an electricity plan before.
Take a breath, because finding the perfect plan rate type for your family or small business is a lot easier than it looks. We’ll walk you through what you need to know about electricity pricing. And we’ll call out things that are different in Texas, the biggest deregulated electricity market in the U.S.A.
Read More about Types of Electricity Plans: Fixed, Variable, and Indexed
