Times are tough right now with inflation. And with rising electricity costs, it may get hard to pay your electricity bill. You can get help paying your electric bill in Texas. Here’s how.
Texas
Why are Texas Electricity Prices So High?
In 2022, we had some of the highest electricity prices since deregulation. But now? Prices have come down by 30% or more vs. last year.
Here’s a recap on why prices are so high some years (and during the summer) and some strategies on how to get the best price for your home or business.
For the latest on electricity price forecast, check our article on 2023 Texas Electricity Price Trends or enter your zip code below.
Texas Electricity Trends for 2022
Texas electricity rates in 2022 continue to show the greatest value with long terms plans. The other big trend? More green energy electricity plans as Texas moves generation to renewable energy.
(In a hurry? Jump right to our recommendations on the best residential Texas electricity plan for 2022.)
Best Thermostat Settings for Vacation
The plans have been made. The bags are packed. You deserve a vacation. But what are the best thermostat settings for vacation to keep your electricity bill low? In other words, when you’re in vacation mode, is there a vacation mode for your house?
Here are the best thermostat settings for winter vacation and summer vacation. Plus we settle that question of whether you should turn your thermostat off when you leave for vacation.
Texas Ancillary Services – What Are They? And Why Should You Care?
If you’re a business owner in Texas, you need to know that Ancillary Services could be passed through on your bill, depending on your contract language.
That’s what a number of businesses found out after Winter Storm Uri in February 2021. They were saddled with high bills from Ancillary Services pass-through charges when the wholesale price of ancillaries spiked as high as $25,000 per MWh on the ERCOT market.
That’s led to changes in the ERCOT market. And some of the cots related to it may be passed through to you. Here’s what you need to know about Ancillary Services in Texas.
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Developing a Sustainability Strategy for Your Small Business
A sustainability strategy for your small business can help you attract new employees and new clients, as well as contribute to a greener environment. And becoming a green business can have a big impact on your bottom line. Here’s how to develop a sustainability strategy for your business.
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Liberty Power Bankruptcy – What Now?
If Liberty Power supplies your residential or commercial power, you may need to shop for a new electricity contract soon.
Liberty Power declared bankruptcy on April 21, 2021. While some Liberty Power customers were acquired by NRG, many others are being returned to their utility or to the Provider of Last Resort as of the most recent court decisions in November 2021.
What you need to do depends on what type of customer you are (residential or commercial) and what state you are in. Here’s what you need to know if you’re a Liberty Power customer, and what to do next.
How to Compare Plans to find the Best Electricity Rates in Texas
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.
Read More about How to Compare Plans to find the Best Electricity Rates in Texas
Sales Tax Exemption in Texas – Cut Your Business Electricity Cost
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 Trends for 2020
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