Electricity is something that most Texans take for granted. It’s there when you need it, but sometimes the bill comes in and it feels like a punch to the gut. Shopping around for electricity can seem overwhelming with all of the different plans out there. How do you know which one will save you money? And how do you choose if they’re even worth comparing? Fortunately, Energy Outlet is here to help! We’ll break down each type of plan so that choosing one won’t feel like such an impossible task anymore!
Fixed-Rate Plans
Price will remain steady for the term of your contract, which is typically either 6 or 12 months. At the end of that time, you’ll be subject to market rates again with one caveat: if rates have dropped, you’ll receive the lower rate when your contract ends! If rates have risen, then you’ll still get to lock in at the lower rate by renewing with the same company. This is not always a bad plan because most Texans don’t know what their electricity usage patterns will look like in a year and if they’ve kept it about the same (which they most likely haven’t), prices may not rise so high as to make this option unattractive.
Variable-Rate Plans
As the name implies, this plan’s price varies with market conditions. You’ll pay a lower rate than standard market rates during what energy companies consider “off-peak” times. But during traditional peak usage times like hot summer days when everyone has their A/C on full blast, you can expect to see an increase in your electric bill. If you’re okay with that risk and don’t mind paying more when it comes around, then this is probably the best plan for you!
Green Energy Plans
In choosing a green energy plan, you may pay a bit more each month, but you’ll know that you’re helping the environment by using clean energy from wind farms and solar plants. Plus, some providers offer incentives for those who want to go green even further by adding in things like a car charging station or a home efficiency assessment. Just ask your provider what they have to offer!
In Conclusion
We hope that you’ve found this article helpful in making an informed decision about your needs and wants when it comes to electric plan options. If you’re in the market for a new plan and want to ditch your old provider in favor of a new one, we can help with that too! At Energy Outlet, we work with many electricity providers, so we can connect you to plans from the best options in your city. You have the power to choose the right option for your home. Compare some of our top providers such as Reliant Energy, Pulse Power, Just Energy, and others.
