When searching for energy providers near you on the Choose Energy marketplace, you will come across several different types of energy plans. Here is a brief guide to help you choose the best plan for you:
With a fixed-rate energy plan, you will be charged a set rate for the length of your contract, usually between 12 and 36 months. Many consumers like this choice because they know exactly what to expect on a monthly basis and are not subject to spikes in electricity costs. However, you may have to pay an early termination fee (ETF) if you want to cancel or switch providers before your contract ends.
Choosing a variable-rate plan means your electricity rate will vary each month based on the current wholesale electricity rate. This type of plan does not require a contract, so you can easily change plans if you are unhappy with the rates. You will also enjoy lower energy rates during market lows. However, spikes in electricity costs may mean you end up paying more in the long run.
Prepaid and no-deposit plans
Some energy providers require a deposit, depending on your credit score, before they will begin services at your address. A no-deposit plan, such as a prepaid energy plan, does not require a deposit, allowing you to pay a balance upfront to cover electricity costs. As your account balance decreases, you will receive a reminder to add more funds to your account.
Galveston green energy
Texas is an industry leader in renewable energy. This means Galveston residents can take advantage of several green energy plans, including both wind and solar energy options.
Because every Texas energy plan utilizes a percentage of green energy, you can use the Choose Energy marketplace to find a green energy plan near you. There are three Texas providers, however, that specifically offer 100% renewable energy: Gexa Energy, Green Mountain Energy, and Chariot Energy.
Enter your ZIP code and filter the results to find green energy providers near Galveston.
Galveston energy for business
Business owners can also take advantage of the Choose Energy marketplace to find commercial electric plans in Galveston. Learn how to receive a customized commercial energy plan for your company on our business hub page.