plan types

Shopping For Your Best Electricity Deal? Know Your Usage

Being the electricity geeks that we are, we talk way too much with our customers, friends, and family about the price they’re paying for electricity. For whatever reason, people happen to like to swap stories about their electricity provider and rate. The conversation usually starts with “Hey, guess what? I just got a <insert ridiculously low rate>,” and usually (unfortunately) ends with a gotcha and a comment about teaser rates, fine print, and usage.

The biggest piece of advice we give to electricity shoppers is to know your historical electricity usage. This is especially true in markets like Texas where the advertised price of electricity is a combination of an energy rate and a delivery rate, and the final price you pay is completely dependent on your monthly kWh usage.

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Do ‘Free Nights and Weekends’ Electricity Plans Really Save Money?

As you’re shopping for an electricity plan, you’ll come across plans that advertise phrases like “free nights and weekends” or “free nights and solar days.”

This may sound too good to be true, but they’re absolutely legitimate. Many electricity providers offer periods of free electricity as an effort to shift some of the electricity load to lower usage, off-peak times. Also, the cost of electricity during these off-peak hours is much less expensive than during peak hours. Because electricity is a commodity that can’t currently be stored, it’s better for everyone when electricity demand is more equalized.  But, what you really want to know as an electricity consumer is, what’s the catch?

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The Basics: How to Shop for an Electricity Plan

For electricity customers living in states that have allowed electricity deregulation, shopping for an electricity plan can seem overwhelming.

After all, many states have a large number of electricity providers and each provider offers several different plans that often look very similar at first glance. If you’re not sure how to get started shopping for electricity plans, you’re not alone. This short guide will get you started.

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