How much does electricity cost?
That depends on many factors, including your location, time of year, and whether energy demand is high or low. Prices fluctuate throughout the year, though there is a pattern. Electricity is usually cheaper in the spring or fall. It is more expensive in the summer and winter. When you enter your ZIP code above, we’ll show you current rates for your area so you can compare options.
Why do electricity rates fluctuate?
Electricity rates fluctuate due to changes in wholesale electricity costs. During winter storms or summer heat waves when electricity is at its peak demand, rates can spike suddenly. Wholesale prices change every five minutes.
Most consumers don’t have to worry about wholesale prices. One popular electricity plan choice is a fixed-rate plan, specifically because it protects you from these changes for the duration of your contract. The only reason you’d need to pay close attention to wholesale rates is if you choose a wholesale provider, which we don’t recommend and don’t work with.
What is the difference between a fixed and variable rate plan?
A fixed-rate plan protects consumers from the frequent price fluctuations of the energy market. Your rate will remain the same for the duration of your contract, though your usage will still affect your final bill.
A variable-rate plan offers less protection from price changes but allows consumers to capitalize on low rates when energy demand is low. The rate for this type of plan changes month-to-month depending on the market. For a full list of the plan and rate types you may see in our marketplace, click here.
How do I compare electricity rates?
The easiest way to compare energy rates from different providers is to use a marketplace, such as ours. We built Choose Texas Power so Texans could compare plans and sign up all in one place, cutting out the hassle of checking a bunch of individual provider websites.
The Choose Texas Power marketplace is free to use, thanks to many years cultivating relationships with Texas REPs. Enter your ZIP code above to see plan offerings.
Can I purchase electricity rates for my business?
Yes, businesses also have energy choice in Texas. If you are interested in commercial electricity, fill out this form and a Choose Texas Power team member will get in touch with you.
How do I purchase green energy?
Many REPs offer green energy options, whether that is a plan sourced from 100 percent wind or solar power or a carbon offset plan through the use of RECs. When you enter your ZIP code above, you’ll be able to compare renewable options to decide what will work best for you.
Will I have to pay a deposit? Is there a credit check?
Each REP has different requirements for its customers, and some do require us to run a credit check. There may also be a deposit requirement. For more information about REPs that do not require a deposit or credit check, please click here.
Where can I find my plan details?
All your plan details, including rate, term length, and any green energy options, will be listed in your confirmation email. Additionally, all REPs in Texas are required to provide their customers with an Electricity Facts Label (EFL) that discloses the details of your plan.
If you did not receive a confirmation email, check your junk folder and then call us.
How can I lower my electric bill?
A majority of your electric bill is made up of supply charges, which is your rate times the kilowatt-hours of electricity you consumed. This is also the part you can control. Simple changes such as washing clothes with cold water or changing your thermostat settings can make a big difference. To learn more about what you can do to lower your bill, read our tips here.