Since the year 2002 electricity has been deregulated in Texas. This is a huge benefit for home and business owners as it allows them to choose an electricity plan which helps them save money.
The residents of Texas have the option to choose electricity providers and plans. Power to Choose is one such website which allows you to compare the energy rates provided by various electricity providers.
What is Power to Choose
Power to Choose is a one-stop-shop for all your energy requirements. It is an unbiased resource for finding electricity providers. The public utility commission of Texas has officially selected the power to choose as the energy website of Texas. This website is the most trustworthy and will help you in finding the best energy plan as per your needs and location.
How to find the best energy rates
The power to choose really makes it easy for you to find the best electricity plan. It lets you compare various plans of electricity providers and sort through them. Below are a few steps which will help you in choosing the best plan.
Find your current energy rate
If you know your current energy rate then it will help you in finding if you are currently paying more or less. The electricity rates fluctuate so you need to check your current rate. The easiest way to find your rate is to look at your last bill.
Check your electricity usage
Most of the electricity providers charge different rates for different power consumption. You need to check for plans according to your current consumption.
Look for features you may want
There are various parameters through which you could search for a plan. For example, some providers give free electricity at certain times, some plans give incentives for extra consumption. You also have the option for choosing different types of plans.
Compare the energy plans
Lastly, you need to compare the energy plans according to your usage and whichever plan is the cheapest and provides the most incentives should be selected. Some of which are fixed-rate plan, variable-rate plan, renewables and prepaid plan.
For most of people the main reason for switching an electricity provider is if they are able to save money with another provider. Many consumers also switch if they are able to find a better-fixed rate plan with another provider. Having a good fixed-rate plan is very necessary to prevent yourself from unnecessary price fluctuations. If you are locked in a bad fixed plan then it could turn out to be very expensive for you when the price fluctuates too much in the upward direction.
If you are someone who likes to reduce their carbon footprint then Power to Choose also has the option to find various providers who offer renewable plans. By shopping for renewable plans you are supporting renewable energy like wind and solar. You can also find plans which offer free electricity at night or on weekends. These plans could make a huge difference on your final bill amount. You also need to pay attention to the contract length. You can choose from contracts that have a locked-in period for years or plans that you can renew every month.