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Discover if you are overpaying on your energy bill. There are hundreds of electricity plans in Texas and electricity rates at various usage levels. Are you moving into a home and need a new plan, or switching energy plans for your current home? By waiting to switch until the final 14 days of your contract, you can avoid the fee. You can usually enroll in a plan weeks or months before the start date to secure the plan at the advertised rate at that time.
You can often get an expedited date if needed. Moving into an apartment or condo? See sample above. Estimate your future energy consumption based on your prior month usage. You should review usage over an entire year due to seasonal fluctuations, understanding peaks and valleys to select the best plan for your home. You can likely automatically pull up your historic usage from your utility company at SmartMeterTexas.
If you decide to enroll in a long-term fixed rate plan in summer, you could be locking in pricing at peak levels. Many homeowners have found that enrolling in long-term fixed-rate plans in late winter or early spring months is a good strategy to gain a lower rate for the term of your contract. If your current fixed-rate plan ends in summer, consider enrolling in a shorter plan like a 6-month plan that ends in late winter or early spring.
Then, you can enroll in a 12, 24, 36 or month plan to lock in a rate when prices are often lower. If your plan already renews in a late winter or early spring month, be careful about enrolling in a partial-year plan that may have an attractive rate, but which has a contract end date in late spring. Providers often offer partial-year or short term electricity plans in Texas with very attractive rates that end just before summer, but after they expire, homeowners then have to enroll in a new plan in a warm-weather month when rates may be high.
If so, consider a fixed-rate contract when you choose an energy plan so you can better predict your bill. Variable-rate plans are more likely to result in bill surprises because TX energy rates can change monthly and homeowners may forget to monitor pricing. However, if you only need electricity for a few months during a transition, such a plan may be a reasonable choice, depending on whether the energy provider will inform you in advance of any rate increases so that you can exit the plan promptly without an Early Termination Tee.