![]() ![]() Do they have a lot of complaints? Do a web search on the company, too. You can check a company’s history on PowertToChoose. If there’s a mistake, good luck trying to get it back. 5: Avoid autopay where they deduct the money straight from your account. some electric companies use the phrase “power to choose” to buy ads online so you think you’re at the state site, but you’re not. A typical electricity plan will state “No hidden fees,” but when you read the fine print in the terms you see they charge $5 for a phone call to customer service or $20 if you ask them to send you a copy of an old bill. Funny thing about the state-sponsored site, though. 4: Use the state’s PowerToChoose website to start. Proponents of the system have always said Texas has the lowest rates. One study showed that electric companies have come up with 28 different add-on fees. Read the “Facts Label” and the “Terms of Service.” This massive amount of fine print tells you the real story, especially what the add-on fees are. And there’s an “index rate” which is tied to an economic index. 2: Only go with a plan that has a “fixed rate.” The alternatives are a “variable rate” which floats up and down with the market. Why is that? The add-on fees that you have to work hard to find. The system is designed to lure you in with a low kWh rate, but learning how much the actual bill is can be more complicated. You need to read this power guide and know that if you commit to the wrong contract, you might be overpaying. 1: Shopping for a retail electricity company in deregulated Texas is serious business. Our average user saves an extra $400 per year, so get yours today.Rule No. Texas Power Guide supports clean and affordable energy for all, so we’ve teamed with national non-profit Solar United Neighbors to offer free electric plan checkups for Texas solar owners. Smaller systems benefit most from lower import rates or Time-of-Use Rates like “free nights” (depending on usage patterns).(As of, no such plans are offered in Texas except to those who installed their panels through Green Mtn.) Larger systems benefit most from “net metering” plans that credit all excess generation at the full retail rate.The best plan depends on your relative system size and usage timing. Typically <3 ¢/kWh off-peak, they can spike up to 500 ¢/kWh during peak demand periods. RTW: Real-Time Wholesale prices update every 5 minutes with supply/demand and are published by ERCOT here. † Unless noted, surplus credits roll over every month, never expire, and are not redeemable for cash. * Some charges are not offsettable by energy export credits.Įxport /kWh: The credit you earn for each excess kWh of electricity you supply to the grid. Import /kWh: The rate you pay for each kWh of electricity you consume from the grid. Term: The length of your contract in months.ĮTF: An Early Termination Fee for quitting your contract more than 14 days early (unless you move).īase /mo: A monthly fee to cover administrative or other non-usage-based costs. Plan: The plan you choose sets the monthly- and/or usage-based costs you pay for electricity, as defined by the Electricity Facts Label (EFL). Retailer: The Retail Electricity Provider (REP) you choose resells you electricity and bills for delivery on behalf of your TDU. TDU: As your local Transmission and Distribution Utility, charges to maintain the lines that deliver electricity to and from your home. ![]()
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