My Texas electricity bill is going up! What can I do?

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By Arthur Murray March 23rd, 2018
For business

The warnings have come loud and clear from the Electric Reliability Council of Texas: The state’s power grid is losing more than 700 megawatts of power this summer. Summer, of course, is the peak season for electricity use in Texas.

What does it mean? Reserve capacity will be tight. And when supply gets tight during times of high demand, bad things can happen – particularly to prices. It gets worse. Texans will face the same problem next summer.

That’s why it’s important to take the long view on electricity plans and embrace 24- to 36-month plans from top retail electricity providers. But don’t wait too long – prices, as you might guess, are extremely volatile right now. For example, one of ChooseEnergy’s featured providers changed pricing today. If you delay too long, you could miss out on an opportunity to lock in stability.

Here are a few examples/recommendations of residential electricity plans from ChooseEnergy.com’s preferred suppliers that could help customers in three major Texas cities with deregulation escape escalating market prices:

Houston (77077 ZIP code)

Usage affects prices greatly, so the following rates and monthly charges are estimates based on average Texas residential electricity usage of 1,156 kilowatt hours (kWh) per month, as well as current transmission and distribution charges for the utility serving each ZIP code.

  • Recommended 24-month plan: First Choice Power You Got This 24. Based on average Texas residential usage, customers would pay an estimated $124 a month. Falling closely behind are the Bounce Energy Tremendous 24 and Champion Energy Champ Saver-24 at $125 a month.
  • Recommended 36-month plan: 4Change Energy Generous Saver 36. The estimated bill for the average customer would be $118 a month. TriEagle’s Eagle 36 comes in at $126 a month.

Dallas (75043)

Again, the following rates and monthly charges are estimates based on average Texas residential electricity usage of 1,156 kilowatt hours (kWh) per month, as well as current transmission and distribution charges for the utility serving each ZIP code.

  • Recommended 24-month plan: First Choice Power You Got This 24 again is the top option, with an estimated monthly bill for the average Texas customer of $109. Bounce Energy Tremendous 24 and 4Change Helpful Saver 24 both come in at $110 and deserve a look as well.
  • Recommended 36-month plan: 4Change Generous Saver 36 tops the choices again at an estimated $105 per month. The TriEagle Eagle 36 comes in at $112, while Champion’s Champ Saver-36 is $116 per month.

Corpus Christi (78412)

As with Houston and Dallas, the following Corpus Christi rates and monthly charges are estimates based on average Texas residential electricity usage of 1,156 kilowatt hours (kWh) per month, as well as current transmission and distribution charges for the utility serving each ZIP code.

  • Recommended 24-month plan: First Choice Power You Got This 24 again finishes atop the pack, coming in at an estimated $126 per month. The Bounce Tremendous 24 is close behind at $127.
  • Recommended 36-month plan: The TriEagle Eagle 36 comes in lowest at an estimated $126 a month for the average Texas user. Also, consider the Champion Champ Saver-36 at $136 a month.

To summarize, prices are expected to increase sharply this summer in Texas – one way to combat this is by locking in rates now before they go up. Enter your ZIP above to find rates particular to your area, then filter to find 24- and 36-month plans to your liking. Remember, rates are tied heavily to usage so be sure to study the Electricity Facts Label for each plan, and use your own monthly kWh usage to nail down the rate you would pay.

Finally, Texas isn’t the only place where prices are expected to rise. The U.S. Energy Information Administration says average electricity prices grew 2.8% in 2017, with some states recording increases as high as 7.9%. The EIA expects them to increase 2.1% this year and 3.1% in 2019. Locking in prices now makes great sense, regardless of where you live. Enter your ZIP code above to get started.

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