Energy Contract Ending Soon? Here’s What to Do

What happens when your energy contract ends

If your fixed-rate energy contract is coming to an end, you have a couple of options in Texas’ deregulated energy market. Here’s what you need to know:

• Your energy provider must notify you at least 30 days before your contract is up with a renewal offer.
• You can accept or deny the renewal offer. If you do not respond, you’ll be automatically enrolled in a default variable-rate plan from your current provider.
• You can switch electricity plans within 14 days of your contract’s end date without incurring an early termination fee (ETF).

If you let your contract expire without taking action, you could end up paying much more for your electricity. Default variable rates often charge a higher price and can change monthly. Luckily, you don’t have to wait for your contract to expire. Shop ahead and secure a lower electricity rate on Choose Texas Power today.

Weigh your options on Choose Texas Power

In Texas, you have the power to choose your energy plan and provider. Rather than defaulting to a pricey month-to-month plan, compare rates and plans available in your area before your contract expires. Here’s how shopping on our free marketplace works:

1. Enter your ZIP code: Browse low rates in your area from dozens of energy companies near you.
2. Select your top plan: You can filter by price, plan length, home size, green energy, and more features to find the best fit.
3. Enroll in minutes: Once you find your top pick, sign up online or over the phone with one of our energy agents.

Expert tip: Compare your renewal offer against rates on our marketplace to learn if it’s competitive with other providers. If you find a better deal, you can deny the renewal offer and select one of our cheaper electricity plans.

Enter your ZIP code or call our team to find the best plan for your home or business.

Energy contract expiring? What to do next

Reference this checklist if your energy contract expires soon:

1. Confirm your plan’s end date
2. Watch out for your renewal offer
3. Compare plans on our free marketplace to understand your options
4. Accept or deny the renewal offer
5. If you choose to deny, switch plans during the 14-day window to avoid ETFs

Call our energy experts if you have more questions about this process.

Texas energy contract FAQs

When is the best time to renew my electricity contract?

Spring and fall typically offer lower energy rates compared to winter and summer. Moderate weather during these seasons lessens energy demand and, subsequently, prices.

What happens if I don’t renew my energy contract?

If you don’t renew your contract or switch to another energy provider, you’ll be enrolled in a variable-rate, month-to-month plan from your current energy provider.

How do I know when my contract ends?

Your monthly energy bill should state your contract’s end date. If it does not, reach out to your provider to confirm the expiration date.

Will my power shut off when my contract expires?

No, your power will not be interrupted if your contract expires. Instead, you’ll continue to receive power at a default variable rate until you enroll in a new energy plan.