Texas

What’s Ahead for 2018 Texas Summer Electricity Rates: Supply, Demand, and Reserve Margins

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.

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Shopping For Your Best Electricity Deal? Know Your Usage

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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The Oncor/Sharyland Deal: How Customers Will Benefit

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.

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PlanScan – A Personal Electricity Shopping Service (2021 Update)

Overwhelmed by electricity plan choices? Feel like you might as well be throwing darts at a dartboard to pick your next electricity plan? We understand completely.

ElectricityPlans.com is provides a free personal electricity shopping service for Texas residential electricity customers called PlanScan. With PlanScan, you can take the guesswork out of shopping for your next electricity plan.

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Why Is Your Electric Bill Higher Than You Expected?

Electric bill higher than expected? How can that be? You read the electricity providers’ information and picked what you thought was the best electricity plan available in your state. You even compared electricity rates offered and chose the cheapest plan.

Now you’ve received your first electric bill, and the power costs are much higher than you expected. And you’re wondering, Why is my electric bill so high? Why doesn’t the electricity rate on my bill match what you signed up for? Why is my electric bill higher than I expected?

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How to Sniff Out a Texas Teaser Electric Rate

Texas teaser rates are rates that look great on the surface. But once you dig into the details, you find that your electricity rate isn’t what you expected.

Maybe you’ve seen a teaser rate before. It’s a rate that seems just too good to be true. These teaser electricity rates create confusion for customers looking for the best deal.

It’s one of the reasons we created ElectricityPlans.com. We evaluate electricity plans to find the best ones, so you don’t have to worry about it. But what exactly is a teaser rate, and how do you avoid them?

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Why Does Texas Have Three Electricity Rates?

If you are shopping for electricity based on 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.

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