![]() ![]() Shockingly, variable plan rates seldom go down.Īnother problem with Power to Choose is that any licensed Texas electricity provider can promote their plans on the site. Other providers hit upon using low introductory variable incentive rates that then increase your rates throughout the term of your contract. Then some providers launched promotional plans that started with low rates for 1-3 months but then increased or doubled. Plans were sorted based on low cost to serve, green energy support, term length, and cash or reward incentives to switch. The PUC fostered Texas Electric Choice, a competitive, head to head marketplace that featured flat rate products. When Texas deregulated the Retail Electricity market in 1999, Texans were provided with Electric Choice and the PUC established the Power To Choose as an educational website to help consumers make better electricity choices. Unfortunately, over time The Power to Choose has been abused by providers who manipulate their prices to show specific prices at specific usage levels (500, 10 kWh.) Source 1: Reuters Power To Choose: What is and What they aren't telling Texans Remember, too, that you have the power to choose! If your monthly usage struggles to meet a plan's tier, then don't let one or two high bills offset your favorable bills from the rest of the year. That said, watch out for bill credits and tiered rate plans because low usage could give you a few high bills that might offset savings you'd likely see in other months. Usually the simplest plans are best for most retail customers. Pick the plan that gives you the lowest set of prices. Then, apply those amounts to each plan's pricing. Look at your past bills to see how many kilowatt-hours (kWh) you've used each month. The key piece of information to understand is your last 12 months of energy consumption. Since this is a great time to buy, how do you select which plan? It all boils down to how much power you consume on a monthly basis. This almost always translates into lower retail prices. This year, the US Energy Information Administration saw wholesale prices to decrease across the nation and even more in Texas (Source 1). September starts the fall shoulder season when electric prices tend to drop each year. This fall is a great time to shop for Texas electricity. Power to Choose - Fall Update 2023 Fall Electricity Bills Should Be Lower ![]()
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