Texas Energy Deregulation
The deregulation of the Texas energy market has resulted in lower electricity rates for consumers. Texas is one of the states in the US that has undergone deregulation of its energy market. This means that residents now have a choice when it comes to their electricity provider. Energy deregulation gives consumers the opportunity to choose from a variety of providers, each with their own rates and plans.
Fixed rate plans are the most common type of energy plans, and for good reason. Fixed rate plans provide you with a consistent monthly payment for your electricity plan regardless of how much energy you use in that month. This is extremely convenient! What’s more, fixed-rate providers offer lower rates than variable-rate providers because they stabilize their prices by buying large volumes of power at once – which means less price fluctuations throughout the year. If you’re looking to lock down an affordable rate on your Lacy Lakeview Electricity Providers, then this might be right for you!
Fixed Rate Plan Benefits:
-Constant monthly payments regardless of usage levels
-Lower rates than variable-rate providers due to large volume purchase
-Fixed rate plans can be paired with a variety of plans and providers
If this sounds like the right option for you, check out our guide to fixed rate energy plans!
Variable Rate Plans
Although there are benefits to opting into a fixed rate plan, variable-rate plans also have their pros. First off, they offer more variety than fixed rate plans because the price of your electricity provider can change month to month. This is great for those who use more energy one month and less the next, as you will see your bill fluctuate accordingly.
Variable Rate Plans Benefit:
-Monthly bills are based on typical energy consumption and not predetermined rates
-Great for those who use more or less energy in a month than average
Variable Rate Plan Disadvantages:
-You could end up paying higher prices due to last minute changes in the market price of electricity which is out of your control
-Your monthly rate can change (usually increases) even if you are your typical energy consumption, which means you could end up paying more than usual
Which Plan is For You?
If you’re interested in entering into a fixed rate plan, check out our guide to fixed rate energy plans! If you’re happy with the freedom of variable-rate plans, then definitely explore that option. Or if you’d like to be in the driver’s seat when it comes to your kWh usage, try our shopping tool and choose a plan that best suits your needs!
Either way, we’re glad you’ve found us and we’re here for you – all you have to do is contact us and we’ll answer any questions or concerns that you might have. We believe that there is no product on the market today who offer more transparency than Energy Outlet. This means no hidden fees, no small print, nothing but clear information to help you make informed decisions about your electricity providers!
If you’re interested in learning more about energy providers Lacy Lakeview or any other city in Texas, visit us at Energy Outlet where you can compare rates and shop online for electricity providers!
Comparing electricity providers in your area, whether commercial or residential, is easy with the help of Energy Outlet. Just enter your zip code to get started shopping for plans today!