What Are Bill Credit Electricity Plans?
Learn how usage credits can improve your monthly energy bill.
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Our recommended bill credit plans
Bill credit plans are a great way to lower your energy bill if you regularly hit the usage requirements. In exchange for meeting the usage minimum, you’ll get a discount on your monthly bill. Consider some of our most popular bill credit energy plans currently available on our marketplace:
Best overall: Maxx Saver Value 12
4Change Energy is our top choice because it offers a competitive bill credit that gives you a $125 discount each month you reach 1,000 kWh. Consider this option if you want an affordable bill credit plan from a reliable energy provider that also supports local Texas charities.
Best for large homes: Smart 1000 Saver 12
TXU Energy offers the Smart 1000 Saver 12 plan for shoppers who want to save extra during the summer. This bill credit plan gives you a $100 monthly discount when you use at least 1,000 kWh. On top of this bill credit, you’ll also receive a $25 monthly credit all summer to help you save even more.
Best for medium-sized homes: Gexa Eco Saver Plus 12
Gexa Energy’s Eco Saver Plus 12 is another great choice because of its competitive monthly bill credit that lowers your bill by $125 when you reach 1,000 kWh. It’s also sourced from 100% green energy, helping you lower your carbon footprint. Enjoy this fixed-rate plan for 12 months.
Bill credit electricity plans overview
- How bill credits work: Earn a credit on your power bill every month you reach the required electricity usage specified in your plan’s details.
- Pros: You can lower your monthly energy costs each month you qualify for the bill credit.
- Cons: If you don’t qualify for the credit, your bill could end up costing more than anticipated.
- Who they are best for: Bill credit plans are best for shoppers who can secure the discount every month for the most savings.
How do bill credit plans work?
Bill credit plans, also called usage credit plans, offer a discount on your 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.
Bill credit plans are a great opportunity to reduce your monthly energy bill if you reach the usage requirements.
Who benefits from a usage credit electricity plan?
Anyone can benefit from a bill credit plan, but only if they meet the monthly usage requirement. For example, if you pick a plan with a $100 credit for using 1,000 kWh and consume that amount or more each month, you will get a $100 credit on every bill. Qualifying for this credit can significantly decrease your annual energy costs.
Usage credit plans come in a variety of options. Call our energy specialists to get matched with one that fits your needs.
Best Texas bill credit energy plans
We partner with some of Texas’ most popular energy providers to help you find the best bill credit plans in your area. Explore our experts’ top three recommendations on our marketplace:
4Change Maxx Saver Value 12, 24, & 36
4Change Energy is a popular choice amongst Texas shoppers for its affordable rates and commitment to local charities. The Maxx Saver Value plan awards a $125 bill credit when you consume at least 1,000 kWh of monthly electricity. This plan conveniently offers either 12-, 24-, or 36-month contract terms. Shop these 4Change Energy bill credit plans on our marketplace:
Gexa Energy Eco Saver Plus 12 & 24
Customers who want to lower their carbon footprint love Gexa Energy because every plan is powered by 100% renewable resources and includes low rates. 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 12 or 24 months.
TXU Energy Smart Edge 12 & 24
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 $50 usage credit for using 800 kWh of electricity. Secure this plan for one or two years on our marketplace:
Drawbacks to usage credit electricity plans
The main drawback to usage credit plans is that they can be more expensive than anticipated if you don’t reach the usage requirement. Take the Maxx Saver Value 12 plan, for example: if you use 1,000 kWh of electricity, the average price is 7.4 cents per kWh. However, if you use less than 1,000 kWh, the price skyrockets to 20.4 cents per kWh. Your average price only significantly decreases once you meet the 1,000 kWh usage minimum and receive the $125 bill credit.
Tip: If your energy usage fluctuates month to month, a traditional fixed-rate electricity plan may be a better option for you. You’ll enjoy affordable energy bills without worrying about meeting a usage minimum.
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Tips for picking the right bill credit plan
Overwhelmed by the number of plan options? Keep these expert tips in mind as you shop for a usage credit plan.
- Review your past electric bills. The trick to benefiting from a bill credit plan is meeting the monthly usage threshold. Check your past electricity bills to learn how much energy you typically use. For example, if your monthly usage is always above 2,000 kWh, pick a bill credit plan with a minimum requirement of 2,000 kWh.
- Carefully read the plan details. We display the EFL for every plan on our marketplace. This document outlines the bill credit requirements, contract length, energy rate, and associated fees. The included information will help you make an informed decision for your power plan.
- Choose a provider with a satisfaction guarantee. Many of our energy providers offer a satisfaction guarantee, allowing you to switch plans penalty-free within a certain timeframe. A satisfaction guarantee can help you try out a plan to ensure it’s a good fit. If the plan isn’t working for you, you can switch to another option.
Shop your way
Everyone shops differently. Whether you prefer to research bill credit options on your own or want the guidance of an expert, we can simplify the process for you:
Want to compare plans at your own pace? Our online marketplace compiles today’s most accurate rates and plans from top Texas electricity companies. Enter your ZIP code or answer a few questions in our AI shopping tool to explore options in your area.
Want personalized guidance and real-time answers to your questions? Call the number on your screen — our team is standing by to help. Be ready with a few details, such as your address or ESID number, social security number, and email address (your data is always secure). One of our agents will ask you a few questions to better understand your energy needs and budget, and then connect you with the best deals available in your area. Some plans are only available over the phone, so you may have access to even more options. We’ll make sure you’re getting exactly what you need, whether that’s a lower bill with usage credits, a more reliable provider, or a plan that better matches your usage.
We also understand the deregulated energy market can be complicated — our experts can answer questions about confusing terms like bill credits, early termination fees, Electricity Facts Labels, fixed-rate vs. variable-rate plans, and more.
Once you identify the right plan match, you can sign up right away. Just like with the online experience, your new provider will take over from there and ensure there is no interruption to your service.
Bill credit plan FAQs
Why do I have a credit on my electricity bill?
If you notice a credit on your energy bill, you likely signed up for a bill credit plan. This means you satisfied the usage requirements outlined in your EFL, and your provider rewarded you with a usage credit.
Can I save money with a bill credit plan?
Yes, you can save money with a bill credit plan if you meet the usage requirement every month. Otherwise, many people find this type of plan to be expensive if they don’t qualify for the credit.
What are the highest bill credits from Texas energy suppliers?
The highest bill credit on our marketplace is $150, offered by multiple energy providers. You must use at least 2,000 kWh to secure this credit. Filter for “large home” to explore these deals.
How do I find out how much energy I use?
Check your past power bills to learn how much energy you typically use. Our experts suggest checking multiple bills across seasons, as your usage may fluctuate with the weather.
