Smart Electricity Shopping
Extreme weather in Texas has a significant impact on electricity prices in the state, since heating and cooling drives electricity usage. Just the forecast of weather extremes – heat, cold, tropical storms or hurricanes – can send Texas electricity rates soaring.
It all comes down to supply and demand. In this article we review how weather impacts both supply and demand, how weather impacts electricity prices and why fixed rate plans are your best protection against weather risks.
Read More about How Does Weather Affect Texas Electricity Rates?
Looking for the cheapest electricity rates in Pennsylvania? It’s no wonder. Standard offer rates from the utility change frequently. You may be able to lock in significant savings versus your current price to compare. And, a fixed rate from a PA electricity supplier protects you against rate increases.
Here is our recommendation on the 3 cheapest electric suppliers in PA, and the best deals on electricity rates for March 2024.
Read More about Cheapest Electricity Rates in Pennsylvania (March 2024)
Texas electricity rate trends for 2024 show prices similar to 2023. Here’s our Texas electricity rates trend forecast, key factors driving electricity prices and what types of electricity plans will be popular this year.
Key Takeaways:
- Texas electricity prices for 2024 will continue at levels seen in 2023. Residential electricity rates will average 14-16ยข per kWh including delivery costs.
- Longer term contract terms (24 to 36 months) will be the cheapest electricity options.
Jump right to the cheapest electricity plans in Texas or read on for our trends and price forecast.
Read More about Texas Electric Rates – Market Trends and Price Forecast 2024
We are often asked, what’s the best time to shop for electricity in Texas? The reality is, you don’t always get to choose when you shop for electricity, as it depends on your contract expiration. But if you have a choice? There are certain months to pick and certain months to avoid.
Read More about When is the Best Time to Shop for Electricity in Texas?
Need the basics on how to shop for electric rates in PA? You’re in the right place. In this article, you’ll learn the 101 on deregulation, how to compare PA electric rates and how to select an electricity supplier.
Read More about How to Compare Electricity Rates in Pennsylvania
In general, you’ll need a minimum credit score of 580-600 with one of the major credit score companies (Experian, Equifax or Transunion) to get an electricity plan without a deposit requirement in Texas.
But there are ways around paying a deposit, including no deposit electricity, which is prepaid lights. But you can also get a deposit waived.
In this article we review no deposit electricity plans, how to get a deposit waived, prepaid electricity and minimum credit score for electricity.
Read More about Texas Electricity Deposits – Everything You Need to Know
Looking for the cheapest electricity rates in Ohio? It’s no wonder. Standard rates from the largest utilities increased this year. You may be able to lock in significant savings versus your current price to compare. Here is our recommendation on the 3 cheapest electric suppliers in Ohio, and the cheapest rates as of March 2024.
Read More about Cheapest Electricity Rates in Ohio (March 2024)
Ohio utility rates increased dramatically in June 2023. Residents and business owners can shop for competitive suppliers and potentially save big on their electricity bills. Below you can find current utility rates in Ohio and how to shop.
Read More about Ohio Utility Rates Increase June 2023
Market securitization charges are a new line item on Texas electricity bills. They’re a direct outcome of Winter Storm Uri, paying for some of the extraordinary costs of that storm.
You can’t avoid paying these fees, which are from a regulatory change. But you might as well understand them, since you’ll be paying them for the next 30 years.
Read More about What are Market Securitization Charges?
Texas electricity trends for 2023 show lower prices than 2022 and more options for short and long term electricity contracts. Other trends in Texas electricity include green energy plans going mainstream, more consumers choosing to add solar panels to their homes, and opportunities to get rewarded for cutting your usage.
This is also the year that market restructuring will occur, as Texas looks to ensure grid reliability. Those changes will drive up future electricity prices beyond 2023.
We’ll review all that and more below. If you’re in a hurry and just want to find your best electricity plan? Jump right to our recommendations to find the best electricity rates.
Read More about Texas Electricity Trends for 2023