Frequently Asked Questions

What is Discount Power?

Discount is a Texas energy provider that offers many types of plans to customers at competitive rates. Discount offers fixed and variable rates, as well as different contract lengths to suit the needs of your home or business. They are known for their low cancellation fees, so you can feel confident that you are not trapped in your plan should you need to change it.

To learn more about Discount and their plans, check out their website, or call 281-607-5141 to speak to a representative about finding your perfect plan.

What is a Variable-Rate Plan?

A variable-rate plan is a plan where your rate can change during your contract. With a variable-rate plan, your energy provider agrees to charge you a variable rate for your energy usage. This rate can go up or down, depending on the current market price of energy. So if energy prices happen to go down during your contract, you’ll save money on your energy bill. However, if rates go up during your contract, you’ll likely pay more for your energy.

Variable-rate plans can be a good option for people who are comfortable with taking a bit of a risk. After all, if rates do go up, you could end up paying more than you would with a fixed-rate plan. But if rates go down, you could save quite a bit of money. It’s really a gamble, and only you can decide whether it’s worth it for you.

What is a Fixed-Rate Plan?

A fixed-rate plan is a plan where your rate will not change during your contract. With a fixed-rate plan, your energy provider agrees to charge you a fixed rate for your energy usage. This rate will not go up or down, no matter what happens to the market price of energy.

Fixed-rate plans can be a good option for people who want the stability of knowing how much they’ll pay for their energy every month. After all, if energy prices go up, you won’t have to worry about your bill going up as well. However, if rates go down, you’ll be stuck paying the same rate even though other people are paying less.

What is energy deregulation?

Energy deregulation is a process that has occurred in many states across the country, including Texas. It basically means that the state government has decided to deregulate the energy market, which means that energy providers are now able to compete for your business. Before Texas deregulated the energy market, the state government was in charge of who provided energy to the state. That meant that there were very few plan options, and there was no competition, which kept the prices high. Now that there are more companies and plans available for you to choose from. This competition can result in lower prices and better plans for customers.

Deregulation has been a good thing for Texas residents, as it has resulted in more choices and lower prices. Comparing your options for providers and plans is essential for you to be able to take advantage of deregulation.

What is a monthly contract?

Monthly contracts are contracts that last for one month. These plans allow you to evaluate your energy service and renew or change plans at the end of the month. This short contract period can help you avoid cancellation fees if you need to change your service at any time during your agreement since the end of the contract comes much quicker.

What is a yearly contract?

Yearly contracts are contracts that last for one year. These plans offer more stability, as you will have the same energy service for an entire year. This can be helpful if you do not want to worry about your energy service changing or having to compare new plans every month. The downside to yearly contracts is that you may have to pay a cancellation fee if you need to change your service before your contract is up.