Compare Electricity Rates and Shop For Electricity Plans
Looking for the best electricity rates in Texas? Use our guide to find the best power prices for you, the Top 10 electricity plans in your area, and info on how to compare plans.
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Your Texas business may qualify for a sales tax exemption on your electricity bill. To do so, you’ll need a Predominant Use Study. That’s an engineering report that shows how much of your electricity you use producing goods.
Here’s what you need to know about the Texas Sales Tax Exemption and how to your business can qualify.
Read More about Sales Tax Exemption in Texas – Cut Your Business Electricity Cost
Texas electricity rates in 2019 were relatively flat compared to the prior year. And if you were in a fixed rate contract throughout 2019, you had a secure price. But those who were on a variable rate or a wholesale index rate (i.e. Griddy Energy) had their rate explode in mid August when ERCOT hit a historic usage level.
So what will happen in 2020? It all depends. But indications are that market forces are driving up retail energy prices in the short term, and that long-term contracts might be the way to go this year.
>>Want the latest Texas electricity trends? Here are Texas Electricity Trends for 2021
Want to know what is the cheapest electricity company in Texas? There’s many ways you can search for it. “Cheap power near me.” “Cheapest electricity for my home.” “Best Electricity Plan in <city> Texas.”
Across the state, people search for cheap electricity or the cheapest electricity. Because no one wants to pay too much for electricity. And no one wants to feel like they got (ah hem) scr*wed by a power plan they didn’t understand.
But how do you find the cheapest electricity company in Texas? Here’s how.
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?
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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.
Texas electricity customers face historically high electricity prices this summer. The rising energy rates are not so much a result of the cost of natural gas, the primary commodity used to generate electricity, but are a result of increased demand and anticipated shortages in supply. What does this mean for customers on variable rate, month to month electricity plans? High, high, high electricity rates for the dog days of summer. Who is most at risk? Prepaid electricity customers and customers on holdover rates from expired electricity contracts.
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If you’ve shopped for an electricity plan in Texas recently, you’ve probably noticed that rates are rising. In fact, some of the energy rates for Texas plans have increased over 30% so far in 2018 and will continue to rise as the summer approaches.
What’s contributing to this rise? In short, it’s simple economics. Understanding the market forces at play in ERCOT will help you make an informed decision about your energy needs going into the summer and avoid a painful utility bill.
Read More about What’s Ahead for Texas Summer Electricity Rates: Supply, Demand, and Reserve Margins
What’s electricity usage got to do with it?
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.
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Sharyland customers – your nightmare electricity bills are officially coming to an end.
On July 24, 2017, Oncor announced that it had reached a definitive asset swap agreement with Sharyland Utilities (SU) valued at approximately $400 million. Upon PUCT approval and successful close of the transaction, Sharyland will receive approximately 258 miles of 345 kV transmission lines from Oncor, and Oncor will receive all of Sharyland’s distribution network and, following ERCOT transitioning, all of Sharyland’s retail delivery customers.
Read More about The Oncor/Sharyland Deal: How Customers Will Benefit
