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Bill credit plans offer consumers a discount on their monthly energy bill for using a certain amount of electricity. Under this type of plan, you receive the bill credit every month you meet the usage threshold outlined in your Electricity Facts Label (EFL). For example, a fixed-rate plan may offer a $100 credit if you use at least 1,000 kilowatt-hours (kWh) of electricity per month. The credit is not a one-time reward — you’ll be eligible each new month.
Bill credit plans, also called usage credit plans, are a great opportunity to reduce your monthly energy bill if you reach the usage requirements.
Most energy customers can benefit from a bill credit plan if it aligns with their usage patterns. For example, if you pick a plan with a credit for using 1,000 kWh, but your average monthly consumption is around 900 kWh, your bill will be much more expensive than expected.
Call our energy specialists to discuss the right bill credit plan for you. We can help you lock in the best energy plan for your usage patterns.
We partner with leading Texas energy providers to match you with the best bill credit plans in your area. Explore our experts’ picks for the top three options on our marketplace:
4Change Energy is a popular choice amongst Texas shoppers for affordable rates and its commitment to local charities. The Maxx Saver Select plan awards a $100 bill credit when you consume at least 1,000 kWh of monthly electricity. This plan conveniently offers either 12- or 24-month contract terms. Shop these plans on our marketplace:
Customers who want to lower their carbon footprint love Gexa Energy because every plan uses 100% renewable resources. The Eco Saver Plus plan offers one of our most competitive bill credits: $125 for 1,000 kWh monthly usage. You can lock in this green energy plan for one or two years.
TXU Energy is one of Texas’ oldest energy providers, and it offers a wide variety of plans. Its Smart Edge plan is great for smaller households because it provides a $30 bill credit when you use 800 kWh of electricity. Secure this plan for one or two years on our marketplace:
The main drawback to bill credit plans is that they can be more expensive than anticipated if you don’t reach the usage requirement. Take this bill credit plan from 4Change Energy as an example. If you use 1,000 kWh of electricity, the average price is 10 cents per kWh. However, if you use less than 1,000 kWh, the average price increases to 20.5 cents per kWh. The main difference between these usage tiers is the bill credit, which significantly decreases your average price once you reach 1,000 kWh.
If monitoring your electricity usage feels too challenging, it may be best to stick with a traditional fixed-rate plan. Our marketplace has plenty of straightforward fixed-rate plans with no strings attached. Enter your ZIP code to explore more cheap energy solutions.
Our energy experts shared their tips for picking the best bill credit plan.
Yes, bill credit plans offer an opportunity to lower your monthly energy bill if you satisfy the usage requirements. If you do not meet the requirements, many consumers find bill credit plans more expensive than traditional fixed-rate plans. That’s why ensuring you fit within the usage tier outlined in the plan’s EFL is important.
One of our most competitive bill credit amounts is $125 with the Gexa Energy Eco Saver Plus plan. However, the best bill credit amount is one that you can achieve the threshold for every month. The Gexa bill credit plan is only advantageous if you use 1,000 kWh of electricity monthly. Prioritize finding a bill credit plan that matches your usage patterns over the highest credit amount.
Your past electricity bills show how much energy you consume. Our experts recommend consulting a couple of energy bills to determine your average usage amount. This information is essential to pick the right bill credit plan.
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