The low teaser rates for consumers available just a month ago have disappeared, making it impossible for buyers who average about 1,000 kilowatts a month to lock in a three-month rate for less than 18 cents a kilowatt-hour, according to PowertoChoose.org, the price comparison tool run by the Public Utility Commission of Texas. A year ago, Texans shopping for a three-month contract could find rates that were less than 7 cents a kilowattt hour while earlier this spring, bargains were still available for less than a nickel a kilowatt hour.
The Electricity Facts Label (EFL) is the industry standard document that contains all the fine print about an electricity plan. In it you will find all of the components that make up the electricity rate that is advertised for that plan. You will find the rate you should expect to pay at 3 standard levels of monthly usage in Houston: 500kWh, 1000 kWh, and 2000 kWh hours.
As the largest city in Texas, Houston has a lot to offer – great shopping, out-of-this-world attractions, theaters, museums, a world-class culinary scene and more. At TXU Energy, we love being part of this diverse and exciting city. We’ve been providing Houston electricity for years – offering straightforward pricing and great plans designed to fit your household’s needs. It’s what’s made us the #1 choice for Texas electricity service.
These rates are practically the opposite of fixed rate plans. As opposed to fixed-rate plans, variable rates are a better option for people living in an apartment or house for a short term. With a variable energy rate, our customers are free from a long-term contract, and they can pay the market price. This enables our customers to take advantage of price drops when the market fluctuates. The downside, however, is that when energy rates spike, so will your electricity bill. This option is a good one for risk-takers. You will be able to benefit from energy rate decreases while risking a rise in energy prices.
As someone who lives in Houston, you have the power to choose your energy provider. With the options we have as a Texas resident, it is no wonder Texans have trouble locating the best Texas Electricity Company. This is where Electricity Scout is so powerful, We help you make the best choice for families while saving you time. From one page you will search from a large list of energy companies that service Houston.
“The whole business model of the industry is to get people in on the promotional rates and then jack up their rate when the promotional rates end,” said Trent Crow, a former JP Morgan energy trader and founder of Real Simple Energy, a website that helps consumers find low-cost electricity plans. “I don’t think people realize how much they are overpaying.”
With a population of over 2.3 million people, Houston is the largest city in Texas and the fourth largest city in the US by population. It was once the world’s most important hub for the oil industry. Energy is still a major industry in Houston and an important part of the local and state economies. Many of the state’s retail electricity providers are based out of Houston.
Another unwelcome side effect of not knowing your average monthly kWh usage level is that you may end up paying more than you expect. This can occur when a customer inadvertently shops an electric rate based on a higher usage level than they actually use. Electricity suppliers commonly advertise their electric rates associated with the highest (2000 kWh) usage levels since those tend to be the lowest rates.
Due to Texas deregulation, you can pick your retail energy provider. Your location will determine the utility provider who is in charge of maintenance and who operates the electrical infrastructure. Your utility provider will continue to handle your energy regardless of what energy provider you chose. They will continue to deal with any issues you may face and smoothly transition your home to your new energy provider. In Houston, your utility operator is Oncor, although they don’t offer energy plans in Houston. If you were to have an electrical emergency or power outage, Oncor is the one to call, not your energy provider.
There are approximately 5,000 businesses associated with the energy industry in Houston, which is why the city is known as the world's "Energy Capital." Houston is home to more than 2 million people and is one of the most populated areas in the United States. City homeowners, renters and business owners get to choose between energy companies in Houston to supply their electricity. In Houston, one electricity supply rate won't fit the needs of all energy users. Therefore, it's important for consumers to use electric choice to shop for the best plan for them.