About New Power Texas
New Power Texas is an energy company that provides simple, straightforward electricity plans for the people of Texas. Their priority is to offer simple, affordable payment options and electricity plans. Their goal is to make energy shopping as quick and easy as possible by offering basic and straightforward plans without the extra frills, while helping their users to understand all they need to know about their electricity.
Types of New Power Texas Energy Plans
New Power Texas offers both fixed-rate and variable-rate options. These plan types are practically the opposite of each other and offer unique benefits and disadvantages. When you're deciding on a plan for your home, be sure to check out New Power Texas’ fixed and variable rate plans to decide what type of plan is the best option for your home and your specific needs.
Popular Cities Reliant Energy Serves: Houston | Dallas
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Top 5 New Power Texas Rates & Plans
Energy Plans and Rates are shown for the Oncor Service area and were updated on October 24, 2021 at 04:12 PM. Pricing shown is based on an exact usage of 1000kWh per month. Estimates are based on information provided to us by each Partner Company. Please visit the Energy Provider website, and confirm the estimates using the Electricity Facts Label and Terms of Service.
If you're searching for a secure energy plan with set, locked-in energy rates, a fixed-rate electricity plan is likely the best option for you. A fixed-rate plan gives you locked-in electricity rates that do not change each month, as well as a set contract that you can count on. The cost of the energy will not change for the duration of the plan, meaning you will not have to worry about severe spikes in your energy bill during the intense Texas summer heat. This plan ensures security and is usually more affordable than other options.
Fixed-rate energy plans act as great long-term options, although there are contract lengths available to fit any need you may have, whether you need a long-term or more temporary solution. This type of energy plan is a great solution for anyone looking for plenty of security, stability, and predictability with their electricity, making it the more popular plan option.
One disadvantage of this type of plan is that, while it offers plenty of security, there is not much flexibility. Once you agree to a contract length, you are expected to keep the plan for the duration of this contract. If you end up needing to cancel your plan early, you will likely need to pay an early cancellation fee.
Unlike a fixed-rate plan, a variable-rate plan does not provide as much security and predictability. With a variable-rate plan, users will experience rate changes rather than a consistent set rate. With this type of plan, energy rates fluctuate along with the market. Rates can change in a month or even an hour.
A major advantage to this plan is that if the market price goes down, so does your bill, making it the perfect option for any risk-takers. While you risk paying more on your energy bills during market spikes, you will also be able to benefit from exceptionally low rates as the market prices decrease.
Unlike with a fixed-rate plan, these plans also do not run on a set contract but rather on a month-to-month basis, meaning users who choose this option will be able to cancel or change their plan at any time without having to worry about any cancellation fees or other penalties. This makes a variable-rate plan the best choice if you need plenty of flexibility and freedom with your plan and do not want to be locked into a set contract length. It is also a great short-term or temporary solution.
New Power Texas gives their users the option to take their energy plan and make it 100% green. They make it easy and affordable for their users to switch to renewable energy for their homes. Choosing a green energy plan is a great way for you to help better the world around you while powering your home.
Renewable energy is far better for the environment than traditional energy sources such as fossil fuels and natural gasses. Harnessing these traditional energy sources can be harmful to the environment and depleting to the earth’s resources. Green energy sources, however, are far less harmful to the environment and many of these sources have an unlimited amount of energy available for us to utilize, meaning using this type of energy does not take from the earth’s resources. For example, solar energy is available for us to use as long as the sun is in the sky and it does not damage the sun to use its power.
If you are interested in switching to green energy, be sure to take a look at the options available through New Power Texas.