Types of plans
Fixed-rate plans: Under a fixed-rate plan, your electric rate will remain constant during the terms of your agreement. This means that regardless of fluctuations in the electric market, you will see stability in the rate you pay for electricity each month. Fixed-rate plans are ideal for consumers who prioritize stability and security.
Variable-rate plans: Rather than offering a rate for the whole term, these supply rates change depending on the wholesale cost of electricity. This means the rate you will pay each month will fluctuate. While you benefit from market lows, there is risk involved with variable-rate plans because your rate could spike.
No Deposit plans: Rather than paying a deposit to start your electricity, these plans instead are often prepaid. Your money goes directly into the first payments for your electricity. In San Angelo, a prepaid energy plan will let you pay-as-you-go, prepaying for electricity each time your account runs low. You’ll never have to leave a deposit with the electricity company. These plans usually don’t require a credit check. Additionally, if you have a high credit score, you might be able to waive a deposit.