In 2002, Texas lawmakers expanded consumers rights by deregulating the state’s energy market. Now, roughly 85 percent of Texas households are able to choose their electricity retail provider, and they have many energy plans and rates to choose from. But how do you find the best plan for your home or business?
Compare Texas Electricity Rates
There are many sources available including your local power utility to websites of third partieswhich offer a listing of all energy options in your region. You’ll need to look through the fine print and marketing tricks to find the actual bottom line that is the electricity price per Kilowatt-hour. And if you’re switching providers, make sure to review the conditions of your current contract for any early cancellation charges.
The state’s competitive energy market has allowed numerous retailers to enter the market and provide a wide choice of electricity rates and plans for both businesses and homes in the Lone Star State. Many of these providers offer special promotions and deals like reward programs or bill credits to convince customers to change to. Others focus on 4change energy sources which are a sustainable and eco sustainable alternative to fossil fuels.
The infrastructure for the state’s electricity transmission, including its 1,030 generating stations and 53,000 miles (53,000 km) of high-voltage transmission cables, is still insufficient to carry all the energy produced by wind, solar, and other renewable sources the places it is needed. So the energy mix will still be mostly dominated by traditional sources which account for more than 60 percent of ERCOT’s forecast for day-ahead load forecast in 2021 (Exhibit 1).
ERCOT continues to monitor reserve margin. This is the amount of extra generation capacity the power system has over the demand during peak times — usually the hot summer months, where the majority of air conditioning is used. It is currently at an impressive 12.6 percent, even after the recent COVID-19 pandemic caused an increase in production from natural gas-powered generators.
To make the process of shopping for electricity simpler, Choose Energy provides a simple and user-friendly marketplace where you can shop for the best Texas electricity provider and plan for your needs. We’ll show you the top choices in your area, together with rates, details and perks. We’ll assist you in registering with your preferred provider all in one place. Enter your ZIP code to review electricity plans and rates today.