Fixed Rate Electricity Plans Texas

Like any seasoned tejano you ve probably heard tell of variable rate electricity plans.

Fixed rate electricity plans texas.

Prior to 2002 electricity plans in texas fell into one of three categories. The electric company s way the way the electric company wanted it and whatever the electric company said. Even if the costs to generate electricity go up customers on fixed rate electricity plans have peace of. The most common term lengths are six 12 and 24 months.

They re convenient because you don t have to monitor your usage or think about what your rate will be next month. With a fixed rate plan you ll lock in an electricity rate for the term of your contract. Variable electric rates fluctuate but a fixed rate plan provides more rate certainty from your electricity provider. There are many types of electricity plans in texas but two of the most common are fixed and variable rate plans.

Texas residents and businesses have had the right to shop for electricity rates since 2002. Energy information administration eia gov. Electric plans in texas. The most common term lengths.

There are fixed rate plans for texas residents on comparepower with rates as low as 0 06 per kilowatt hour kwh. Explore variable rate plans. Understanding texas power plans. Fixed rate electricity plans are the most popular electricity plans in texas offering convenience and security.

Just like fixed rate electricity plans variable rate plans have pros and cons. A fixed rate electricity plan is just what it sounds like a plan that allows you to buy electricity at a fixed rate. The average price for electricity in texas in 2019 is 11 67 cents per kilowatt hour kwh. Indexed variable fixed rate.

For instance if you were to enroll in a one year electricity plan at a fixed rate of 11 cents per kilowatt hour it means that you ll be paying a rate of 11 cents every month for every kwh for. This rate is locked in for a certain amount of time usually between 12 and 24 months. Basically as market prices go up and down so does your electricity rate. Within these plan types are different rate options so be sure to read the electricity facts label efl carefully before signing up.

This chart is compiled using data from the u s. Fixed rate electricity plans.