Texas Energy Consumers: You Have the Power to Choose!
More than a decade ago, lawmakers deregulated the Texas electricity market, giving Texas energy consumers the opportunity to choose where their electricity supply comes from. Deregulation means that retail electric companies in Texas can buy electricity wholesale from power generators. Electric companies 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. Also, 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 choices when it comes to Texas electric rates on supply. Before you shop among various electric supply plans, you should make sure you live in a deregulated area. Keep in mind that not all Texas areas are deregulated, such as certain municipalities and cooperatives.
Learn about the many benefits of deregulated electricity in Texas
With the power to choose in Texas, electricity consumers enjoy lots of perks. The greatest benefit is that you can shop around for new Texas electric rates on supply. 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. In a deregulated electricity market, however, retail electric providers (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 secured rate is best for you. In a deregulated electricity market, you can find a plan that matches your needs.
What's the difference between a TDSP and a REP?
Before you find a new electricity supply rate, it's important to understand the difference between a REP and a transmission and distribution service provider (TDSP). A REP is responsible for providing customer service and billing you for your electric use. You can choose your REP based on price, term length, green energy product options or whatever factors are most important to you. A REP also has the ability to offer different energy options – in the form of secured rates or variable rates – and adjust its energy prices to remain competitive. With different electric supply options available, you'll have the power to choose a plan that meets your energy requirements.
Although deregulation creates a competitive energy market among REPs, your electricity supply will still be delivered safely to your home or business by a TDSP. The TDSP is also responsible for maintaining local poles and power lines as well as assisting you during a service interruption or power outage.
Shop around for Texas electricity rates on supply
Exercise your power to choose in Texas deregulated electricity markets by discovering your options and enrolling in a new supply 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 online or over the phone. 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: 9-11-15.