If you’ve shopped around for energy lately, you know that there are options galore. You can choose an inexpensive, variable rate, short-term plan. Or a long-term, fixed rate, green energy plan — and countless variations in between. In the end, the plan that’s right for you may not be the same one that’s right for your neighbor. So how do you make sure you find the plan that’s best for you and your family?
Get a grip on rate tiers
In Texas, the best way to personalize your search is to understand rate tiers. Rate tiers, which determine how much you pay for electricity based on how much you actually use every month, are among the trickiest parts of shopping for energy in Texas. That’s because rate tiers can work in a myriad of different ways. Unless you read the fine print of your electricity fact label, it can be nearly impossible to understand how much you’re getting charged and why.
Some energy plans have flat rates, in which you pay a set rate based on how much energy you use, as well as a flat base charge and delivery charge regardless of your usage. In contrast, tiered rate plans will charge you a different rate based on your actual energy use, so you can choose a rate that’s ideal for the usage that you anticipate landing in in a given month. In these tiered plans, the rates will vary for energy used between 0-1000, 1000-2000 and over 2000. In still other plans, your rate is steady, but you receive a bill credit that brings your effective rate up or down depending on how much energy you’re using that month.
The good news is we’re here to help. We broke down some of the key plan features you should know based on your home size to help you choose your own energy adventure and find the very best energy plan for your Texas home.
Select the home profile that most closely matches your residence and read on to learn more about finding the right energy plan for your home.