How to Compare Costs From Energy Companies in Texas
In the state of Texas, thanks to electricity deregulation, consumers have a choice of electric companies. The state puts the power to make that decision in consumers' hands by giving them access to ways to compare energy costs by company, without having to make several phone calls to each company.
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Instructions
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First, go to powertochoose.org. Administered by the Public Utility Commission of Texas, powertochoose.org is a clearinghouse site for Texans looking to compare energy costs. The information provided by the PUC is unbiased and designed to allow Texans to make the best decision possible about their energy costs. The PUC's goals are to protect Texans from fraud and foster competition. The PUC recommends consumers read the information on the site before comparing prices.
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Next, spend some time reading the basics on electricity. Powertochoose.org offers a tutorial about the electricity market that guides the consumer through the complicated world of electricity, providing information on the market in Texas, retail electric providers and electric companies, power generation companies, transmission of electricity and repairs. Consumers should read this information before beginning the process of comparing electric companies and rates, as it could help them make a more informed decision.
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Consider the process of switching companies, if that's what you intend to do. Information at powertochoose.org includes how to switch, when switches occur and how you can switch without your service being interrupted. It also advises you of your right as a consumer and provides information on other ways to save money with electricity besides changing companies.
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The final step before shopping is to read the site's information on contracts and terms, fixed and variable rate billing, renewable energy and green energy. The information includes advice and questions to ask energy providers.
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After you've read all of the information, you're ready to shop. At powertochoose.org consumers statewide can compare electric rates by entering their zip code on the site's compare offers now page. By entering your ZI{p code and clicking on compare rates, the site will list every electric company that serves your ZIP code, along with their average price per kilowatt hour, rate type, renewable energy content and the terms of the contract, including any cancellation or early termination fees. You can also link to that company's site to sign up or read the complete terms of service.
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Tips & Warnings
Understand the length of your agreement. Some companies offer low rates, but those rates are based on a lengthy service agreement.
Read all of the fine print before signing up for electricity. Many companies impose early termination fees if you decide to break your agreement before the contract expires.
