Fixed-Rate Plans vs. Variable-Rate Plans
Fixed-rate plans charge the same rate for your electricity no matter when you use it. For example, if you’re on a time-of-use plan where prices are lower during night hours (such as 9 p.m. to 6 a.m.), then that’s when your rate comes into effect, but if you instead choose the flat-rate plan, your price stays the same all day long. Variable-rate plans can be more expensive, but they always adjust to market pricing (subject to any contract terms). Therefore, when energy rates are high (such as when demand spikes in summer), your electricity usage will be significantly higher than when power rates are low or non-existent.
What is Energy Deregulation?
Energy deregulation is the process of removing state-based restrictions on the generation, transmission, and sale of electricity. This allows energy providers to compete in a free market, which ultimately leads to more choices and better rates for consumers.
How Energy Deregulation Affects South Houston Energy Rates
When Texas first deregulated its energy market in 2002, it opened up the electricity industry to competition among providers. This allowed energy companies to offer a wider variety of rates, plans, and services – ultimately benefiting consumers by giving them more choices and better rates. And because deregulation allowed for the rise of green energy providers, you can now choose a plan that supports renewable energy!
So what does this mean for South Houston energy rates? As competition among providers increases, providers are forced to offer lower rates and better deals in order to stay competitive. This is great news for consumers, who can now save more on their electricity bill than ever!
How to Find the Right Energy Plans for your Business
As a business owner, you’ll likely want to set up an electricity plan with a provider that offers plans for business. You can also enjoy more advantages like tax incentives and the ability to purchase 100% green power through some providers (like NRG). A customer service agent can help you create an account and sign up with the best option for your business:
– Create a detailed profile.
– Make sure the pricing is right. What kind of contract term do they offer? Do they have all-inclusive rates? Do I need to pay activation fees or early termination fees?
– Find out if there are any other services that interest you. Do they offer solar panels or wind turbine installation?