RECOMMENDED ELECTRIC RATE PLAN A market rate would be a good option in case you are planning on moving soon.
It is always advisable to be very careful which company you go with, reason being there are some company who will really stick to you when on a variable rate.
Company like Startex Power would be good option, reason being they have it where the energy rate follows the commodities market.
This basically means you need to take advantage of price dips rather then just being charged a premium for not being on contract.
If you intent to live in the same house or area for some time then definitely a lock in term rate will be a better option.
Locking in basically means you keep yourself contracted at a low electric rate for a longer period of time.
Comparatively you will pay much less on your electric by locking in rather then being on market rate.
Something that is very common and popular is 6 months and 12 month terms.
The longer term you go in for the more expensive the electric rate.
The electric rate goes higher mainly because the electric rate is based on natural gas futures, which is expected to go up as you go in for longer term.
If you plan on staying in your house for at least a year then signing up with Startex Power for their 12 month electric rate would be an amazing option.
This will basically provide you with the lowest electric rate available, not just that but also you will be insured from any kind of rate changes.
If you live in Houston area then you can probably sign up with Champion Energy as their KWH rate is 12.
6 cents KWH with a $4.
95 monthly service charge.
Usually electric rates are a little higher in the Houston area but fortunately Champion Energy has kept it the same across the board.
TEXAS ELECTRICITY FACTS LABEL The Texas electricity facts label was formed by Texas' ERCOT agency in order to make an obligation for Texas Retail Electric Providers, so that they supply a clear concise page, which will show a detail electric rate along with all important terms and conditions to the energy contract.
BENEFITS -- This will surely make things much simple and easy for consumer to quickly ascertain if the electric rate provided is worth signing up for.
-- This will also allow consumer to do all the necessary research without having to spend hours calling providers and also save the time to read through fine print in contracts.
-- This also can be compared to a nutrition label on the back of a can of food.
-- If you are keen on carrying out a research on electric rates yourself, do remember to look at the facts label for the product being offered.
It is important because it will tell you all you need to know including, the electric rate, the term, customer service charge, early termination fee, and the source of energy.