Fixed rate electricity plans are the most popular electricity plans in Texas, offering convenience and security. They’re convenient because you don’t have to monitor your usage or think about what your rate will be next month. They’re secure because they guarantee the same electricity rate every month for the duration of your contract.
How to Shop for the Best Fixed Rate Electricity Plan
There are over 50 retail electricity providers in Texas, all offering a variety of plans. There are confusing offers, fine print, and deals that you later find out aren’t such a bargain. That’s why we created ElectricityPlans. We work with top rated suppliers, offering you their most popular electricity plans. We help you find the deal that’s best for you and your home.
When shopping for a fixed rate electricity plan, it’s helpful to know your approximate monthly usage. Rates are displayed showing the average price per kilowatt hour (kWh) at 500, 1000 and 2000 kWh per month. Some plans offer tiered rates, bill credits for specific usage levels, or base charges for minimum usage. Knowing your approximate monthly usage helps narrow down the offers.
But all you really need to get started is your zip code. Enter your zip code and we’ll show you the best fixed price electricity plans in your area.
When to Shop for a Fixed Rate Electricity Plan
We recommend shopping for a new fixed rate electricity plan when you are 30-45 days from your contract expiration date. This lets you compare offers and find the best electricity rates for your home. You can select your start date for your new rate and plan to match your contract expiration date. You’ll want to have a new rate locked in before your contract expires.
If your contract has already expired, you are likely paying your provider’s default month to month variable rate. These rates can be 50-70% higher than what you could be paying with a fixed rate electricity plan. If you are on a default rate, don’t delay, shop immediately!
Not sure when your contract expires? Use our PlanScan service. We’ll review your bill, help identify your contract status and recommend the best plan for you. All at no charge!
Moving to a New Home?
Fixed rate electricity plans are also available if you are moving into a new home. After you have selected your plan, select move-in and pick your start date. Service can start the same day, as long as you complete your enrollment by 2pm. If you are moving in on a weekend, make sure to plan ahead. Same day service is not available on the weekend or on major holidays.
If you are moving into an apartment, we’ve selected specific plans for smaller usage homes. You can find those here. And if you’re renting, check out our renters guide to shopping cheap electricity rates.
Alternatives to Fixed Rate Electricity Plans
As we said, most consumers in Texas prefer the security of a fixed rate plan. But there are plenty of other options to pick from.
- Plans that offer free electricity at certain times are also known as time-of-use plans. You’ll pay nothing for your electricity during free weekends or free nights, then a higher rate during the other time periods. If you are aren’t home much during the week or not home until after 7pm weekdays, these could be a great option. These are Index plans, not Fixed price plans, because there’s a different rate depending on the time of day or day of week.
- Are you credit challenged or prefer to pay-as-you-go? Consider prepaid electricity plans. You’ll receive notifications when your pre-payment is running low, allowing you to top-off your account. And many providers will also let you convert to a standard fixed rate plan after you have established good payment history with them.
- Do you hate contracts and prefer to have your electricity rate follow the market? Or maybe you just need power for a few months? You may prefer the flexibility of month-to-month with no contract? Variable month-to-month rate plans are also available.
Regardless of the type of electricity plan you are looking for, ElectricityPlans makes it easy to shop.