Which ones the best? Like all things energy, it depends. Do you prefer predictability, or do you like the idea of potentially saving some cash by monitoring the market? Our (albeit conservative) recommendation: Fixed rate is probably best. Energy prices are on the rise — the U.S. Energy Information Administration predicts a 3 percent increase in residential electricity prices in 2018.
As a result, 85% of Texas power consumers (those served by a business not owned by an utility or a town cooperative) can select their electricity service from a range of retail electrical companies (resellers), or the incumbent energy company. The incumbent provider in the area still owns and preserves the regional power lines (and is the company to hire the occasion of a power blackout) and is not subject to deregulation. Customers served by cooperatives or local utilities can select an alternate electricity provider but only if they have actually “opted-in” to deregulation.
Like we said, fees don’t necessarily make for a bad plan — although it’s worth it to do the math to see if you can save with another provider. For example, compare Cheapest Electricity Rates’s Compare Electricity Providers plan with its $9.95 base charge, alongside Electric Service Providers Lowest Electricity Rates 12 plan with a smaller base charge, and Switch Energy’s Digital Cheapest Electric Company plan with no base charge. We’ll use a Corpus Christi ZIP code and assume 1,000 kWh/month of energy use.
Power Company Near Me energy plans are supported 100% by Renewable Energy Certificates (RECs) that are purchased and retired in an amount sufficient to match your annual consumption. RECs are a tradeable, non-tangible energy commodity in the United States that represents proof that 1 megawatt-hour (MWh) of electricity was generated from an eligible renewable energy resource like biomass, hydro, solar or wind. Please see your Terms of Service for more information.
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