In the year 2002, Texas deregulated its energy allowing residents to choose their Retail Electric Provider (REP). Since then, a customer buys electricity from an intermediary who purchases wholesale power. As a result, Texas has many competitive electricity providers making it challenging and cumbersome to select the best company. As a Texan, you have to choose a provider that offers the best rates and services. You can start your research by reading different company reviews at Texas electricity companies and discover the available options. Nevertheless, this articles provides the top three electricity companies to work with, in Texas.
1. Payless. If you are looking for a prepaid company, Payless is your ideal energy provider. The company helps residents to access power through providing affordable rates. You do not have to worry about your credit history or level of income. The company features a “SmarTricity Super Saver” plan, which has an energy rate of 8.5 cents per kWh excluding the 3.46 cents per kWh TDU charges and $3.49 monthly charge. The company requires that you keep $35 in your account and enroll in the auto-pay feature to avoid high charges. There is also a daily charge of 87 cents. However, if your daily energy usage is above 16 kWh, the company offsets the 87 cents with a 75 cent credit. Since it is a prepaid company, there is no early termination fee.
2. 4Change Energy. If you are looking for a way to help the less fortunate, 4Change Energy provides with such an opportunity. The company is a charitable organization that donates 4% of its annual profits to charities each year. When signing up, you can choose to support one of four charities. 4Change Energy features a “Generous Saver 36” plan, which offers tiered energy use rates. The charges start at 8.8 cents per kWh up to 1000 kWh excluding the standard ONCOR TDU charges. If your usage hits 1000 kWh, you will receive a $25 bill credit. The company charges a termination fee of $20 for every remaining month of the contract.
3. Champion Energy Services. Most Texas residents recommend Champion Energy Services. The company is a five-time winner of the J.D Power award for prioritizing straightforward pricing and employing a 24/7 customer care. Champion Energy Services feature a “Champ Saver-24” plan, which charges a low fee of 5.9 cents per kWh exclusive of the TDU charges. Commercial customers enjoy more options such as the index, hybrid, and layered plans. Nevertheless, commercial plans demand great customer involvement and have a different risk profile. Additionally, the company has a $250 early termination fee.
Although the terms and pricing can be confusing, remember that you have the power to choose. Do not allow any provider to take advantage of you. Compare the rates of different providers to discover the best company that meets your needs and budget. Beware of any additional charges that providers may not include in their quote. Finally, make sure you select a company that has reliable customer support.