Fixed Rate Electricity Plans Texas

The most common term lengths.

Fixed rate electricity plans texas.

A fixed rate electricity plan is just what it sounds like a plan that allows you to buy electricity at a fixed rate. The most common term lengths are six 12 and 24 months. Basically as market prices go up and down so does your electricity rate. A fixed rate electricity plan is a kind of agreement that allows you as the consumer to be charged a constant rate throughout the contract period.

They re convenient because you don t have to monitor your usage or think about what your rate will be next month. Understanding texas power plans. There are many types of electricity plans in texas but two of the most common are fixed and variable rate plans. Just like fixed rate electricity plans variable rate plans have pros and cons.

This can be good if you ride the right energy market waves. Electric plans in texas. Fixed rate electricity plans are the most popular electricity plans in texas offering convenience and security. Prior to 2002 electricity plans in texas fell into one of three categories.

Like any seasoned tejano you ve probably heard tell of variable rate electricity plans. Within these plan types are different rate options so be sure to read the electricity facts label efl carefully before signing up. The electric company s way the way the electric company wanted it and whatever the electric company said. This rate is locked in for a certain amount of time usually between 12 and 24 months.

Even if the costs to generate electricity go up customers on fixed rate electricity plans have peace of. The average price for electricity in texas in 2019 is 11 67 cents per kilowatt hour kwh. Energy information administration eia gov. Variable electric rates fluctuate but a fixed rate plan provides more rate certainty from your electricity provider.

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. There are fixed rate plans for texas residents on comparepower with rates as low as 0 06 per kilowatt hour kwh. Available only in texas variable rate electricity plans are exactly as they sound. Texas residents and businesses have had the right to shop for electricity rates since 2002.

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