Pros and Cons of Fixed-Rate Plans
Fixed-rate plans give you the security of knowing exactly how much electricity cost will be per month. However, fixed-rate plans can be riskier for those who do not like unexpected changes. Especially if the rates rise. Fixed-rate plans also charge an exit fee, which is usually around $50 or more – this is a fee that is required to break the contract with your provider.
Pros and Cons of Variable-Rate Plans
Some people prefer variable-rate plans because they can avoid long-term contracts which result in higher prices. Variable-Rate Plans are more popular in the United States while Fixed-Rate Plans are more popular in Europe because of varying climate conditions. Variable-Rate Plans require a larger deposit which lowers the risk for the provider. However, there is no guarantee that your rate will stay low, and variable-rate plans are only recommended if you’re good at predicting your energy usage.
What is Energy Deregulation?
Energy deregulation is the process of breaking up electricity supply from its distribution. It can be done through a variety of ways such as separating generation, transmission, and distribution of power. This way, the market will determine who gains control over distribution and service areas instead of a single company or government agency.
The basic premise of deregulation is that competition in the marketplace will drive down prices and spur innovation in alternative forms of electric generation and transmission like clean energy like wind and solar power. The problem is that this means that people will lose their “traditional” sources of power such as coal or natural gas powered electricity providers.
Top Lake Jackson Providers Offering Electricity Plans for Businesses
If you’re looking for a new electricity plan for your business, look no further! We’ve compiled a list of the top providers in Lake Jackson offering electricity plans specifically for businesses.
1. Gexa Energy – Gexa is a reliable and affordable provider of electricity plans for businesses in Lake Jackson. With a variety of options to choose from, Gexa is sure to have a plan that fits your needs.
2. TXU Energy – TXU Energy is one of the largest providers of electricity plans for businesses in the United States. With a wide variety of plans to choose from, TXU Energy is sure to have the perfect plan for your business.