Texas Consumers Have the Power to Choose!
Lawmakers deregulated the Texas electricity market more than a decade ago, allowing Texas consumers the opportunity to choose where their electricity supply comes from. Deregulating electricity meant that retail electric companies in Texas could buy electricity from power generators and then participate in the open market to bring competitively priced electricity to consumers within the deregulated regions.
Deregulation has led to economic growth and increased competition and it provides consumers with competitive options including new energy rates. As a resident in a deregulated part of Texas, it’s worthwhile to understand the benefits of deregulation and your options.
Experience the many benefits of Texas deregulated electricity
With the power to choose in Texas, electricity consumers enjoy lots of perks. The greatest benefit is that you can shop around for the best rate on electricity. Before deregulation, electricity customers didn't have a choice when it came to energy suppliers. Your electricity service provider was determined by where you lived, and you had to pay the regulated Texas energy rates that the electric company set. Texas utilities determine these regulated rates based on approval from the Public Utility Commission of Texas. In a deregulated electricity market, however, REPs can adjust prices to reflect the demands of the market. Your ability to shop around means you have a better chance of securing a more favorable rate.
Flexibility doesn't stop at electricity pricing. The power to choose also means that you can find an agreement that fits the way you live. Are you a renter with a month-to-month lease? Perhaps a month-to-month electricity product suits your lifestyle. Are you a homeowner who's in it for the long haul? Perhaps a five-year plan with a fixed rate is best for you. In a deregulated electricity market, you can find a plan that matches your needs.
TDSPs versus REPs
Retail electric providers (REPs) take care of customer service and billing for your electric use. REPs can adjust prices to be more competitive and offer a broad range of electricity products, such as fixed rates or variable rates, green energy products and a variety of contract terms.
Although your electricity supply may come from a REP, your power will be delivered to your home via the transmission and distribution service provider (TDSP) that services your neighborhood. Regardless of the REP you choose and no matter how many times you switch, your TDSP will remain the same.
Choosing a retail electric provider
Exercise your power to choose in Texas deregulated electricity markets by discovering your options and enrolling in a new plan. There are many retail electric companies in Texas, therefore your list of options may be long. Don’t let the options overwhelm you. Instead, look at your list of providers as a journey. Soon you will discover a provider that meets your energy needs.
Similar to PowertoChoose.org, a site operated by the Public Utility Commission of Texas, we can inform you about many potential options. When you enter your ZIP code or call us, we can help guide you in the right direction so you can choose a new REP today.
Source: www.powertochoose.org. Updated: 5-28-15.