When you’re in business for yourself, business electricity is just one of the things that make it possible to work. You’ve got to shop for great business electricity rates plus set up internet, phone, computers, and maybe an alarm system, and of course hire and manage employees! We’re here to help you understand how to shop for business electricity rates and get the best plan for your business, whether it’s a small or large business. (The rest of it is up to you!)
You’re looking for a business electricity plan for your Texas business. But first you need to understand what you’re shopping for and how to compare electricity plans for your business. It helps to know the basics — how to tell a KW from a kWh, delivery fees vs. energy costs, and what are demand charges? In this article, we’ll demystify the mysteries of business electricity, so you can shop business electricity rates and make the best choice for your commercial electricity plan.
This article assumes that you are familiar with electricity shopping from purchasing it for your home. Need a refresher? Check out What is deregulation? Shopping for business electricity rates is a breeze once you understand a few specific things about business electricity in Texas.
Transmission and Distribution Utility (TDU) delivery rate changes in Texas impact your monthly electric bill. It happens every September and every March. You open up your electricity bill and notice new line items, or a different charge compared to the prior month. Most of the time, it’s small changes in the delivery rates, but these can add up. There’s no way to avoid these changes, but it helps if you understand what’s going on.
Looking for the latest Texas TDU Delivery Rate Changes for September 2019? See the Updated TDU Delivery Rates!
Harvey, Maria, Sandy, Katrina. Just the names of these powerful hurricanes evoke strong memories of devastation and flooding. There are a lot of articles on hurricane preparedness for you and for your pets. But what about your home? Learn what you must know to manage your home’s utilities during a hurricane or a flood. Hurricane season peaks in early September, but flooding can occur any time of the year. Make sure you are prepared!
Most of us have been there. You forget to pay the bill. You go on vacation. You’re running short on funds. And then that disconnection notice comes in the mail. Oh no! What now?
What happens if your Retail Electricity Provider (REP) were to suddenly go out of business? In Texas, thanks to the Provider of Last Resort (POLR), your lights will stay on. But, your bill will go up dramatically! In this article, you’ll learn about the POLR, and why you should immediately shop for electricity if the POLR becomes your provider.
To promote energy choice in Ohio, the Ohio PUC requires that all utility bills include a Price To Compare disclosure. The intent of including this rate on electric bills is to give electricity shoppers a reference point to determine if an offer from an alternative supplier is a good deal or not. Sounds pretty straight-forward, but have you ever wondered how your Price to Compare is actually calculated and how can you use that information to save money? Read on to learn more about what the Price To Compare number is (and also what it isn’t) so that you can accurately compare apples to apples electricity rates.
America’s demand for electricity is huge, totaling 18% of the world’s electricity consumption in 2015. We take for granted that electricity will be there when we turn on the lights or crank up the air conditioner. We can’t imagine life without it. But, have you ever wondered how electricity is made, or where it comes from, or how we get it the instant we want it?
Beginning in 1879, electricity was first sold in the United States by the California Electric Light Company in San Francisco which produced and sold enough electricity to run about 20 electric lights. Since then the use of electricity has grown exponentially. Fast forward to 2016 and Americans consumed about 3.85 trillion kilowatthours (kWh) of electricity according to the U.S. Energy Information Administration. In this post we cover the basics about what powers this huge amount of consumption, the sources of electricity in the US, and the role of deregulation.
For most people living in states open to electric competition, the year deregulation was adopted marked a complete turnaround of electricity as they knew it. Instead of only having one utility to fulfill both supply and delivery of electricity, consumers got the power to choose their own supplier. Providers offering electricity plans and better electricity rates flooded the market and suddenly there were hundreds of choices for consumers.
Sadly, the windfall of electric choice is not available to all who live in Texas. Electric cooperatives (“co-ops”) and municipally-owned utilities (“munis”) are exempt from participating in deregulation. Additionally, Texas law includes exceptions for certain investor-owned utilities to delay participation in retail competition because of lack of competition in their wholesale market and/or their lack of being part of ERCOT.
What does this mean for you?
Electricity deregulation gives consumers the power to choose their own electricity provider and an electricity plan that fits their budget. With this freedom comes responsibility. That fabulous rate you signed up for with your electricity provider will come to an end when your contract expires.
Don’t let your electricity contract expire without taking action. If you let your contract expire without renewing or switching providers, you will have a shocking electric bill coming your way. Keeping your rate low isn’t overly difficult, but it does require some planning and timely action.