Texas Electric Customers: The Advantages of a Fixed-Rate Plan

by jsgs45 on April 19, 2010

Texas electric consumers are lucky in that they have a deregulated electricity market. Because of this, they are free to choose their energy provider. But as in any situation where you are free to choose, with this freedom comes responsibility. It’s up to you to choose the best plan to save you the most money.

And, there are many factors to consider. The following info will help you choose the right Texas energy supplier and the right service plan to get 100%of the energy savings you’re entitled to.

Texas Electric: Facts about Fixed Rate Plans

This is one of the easiest ways to save on your Texas electric bill. But fixed-rate electric service plans vary. For example, you can sign up for a month-to-month plan, a 6 month contract, a year, and even a five-year plan.

Short-term, fixed-rate plans (eg, those for a year or less) can be good if you’re switching providers and want to find out what their customer service is like before signing on for a longer period of time, for example.

Fixed Rate Plans are Ideal for Fixed, Low-Income and Other Struggling Consumers

If you’re on a fixed income, have a low income and/or have other money problems, the last thing you need is to get an electric bill that is 10, 20 or 30% higher than it was last month. This can easily happen during the hot Texas summers, when energy usage tends to soar and drive monthly electric bills through the roof.

If you haven’t examined your Texas electric plan in a while, with summer around the corner, it’s an ideal time to do so. Fixed-rate energy plan prices have good rates right now; they’re running below 10 cents per kWh.

While you’re at it, ask your electric company about money-saving plans like the LITE-UP Texas program. It’s a no-deposit electric service plans that gives consumers discounts for five of the hottest months of the year (May through September).

If you’re on a pre-paid service plan, you could save 15, 20 or 25% or more over what you’re paying now.

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