Texas Electricity: Lock in Your Rate Now
Texas electricity rates have significantly decreased over the last year or so, but not every consumer has taken advantage of this change. Since the Texas energy industry was deregulated, costs have become much more competitive and have therefore dropped significantly. These days, you can choose your own power provider, and more than that, you can lock in pricing for at least a year, for most companies. By locking in your rates now, you’ll save significant costs; costs are projected to rise as warm weather arrives and power usage surges.
Why it’s important to take advantage of “lock-in” rates
By locking in your rates before the warm weather arrives, you can be sure that you’ll keep the same low price you pay now — and that’s true even though costs are going to rise. So even though Texas power companies will be looking at reduced profit margins for customers like you, you’ll be basking in the knowledge that you are cool, collected — and saving money, too.
Make your decision based upon what’s in your best interests
Because competition is so fierce among power companies in Texas these days, the ball is literally in your court. Not only can you lock in a competitive rate by changing power companies as necessary (if your current provider has a higher rate than someone else in your area), but you can keep that competitively low rate, the lowest you can find, for at least a year. This will give you the ability to enjoy savings for at least the next 12 months, perhaps longer.
In addition, many companies will honor policies whereby if you sign up for a new carrier and those rates are higher than your current agreement, as long as you are within 60 days of your contract’s expiration date, you can finish carrying out the old agreement before the new one takes effect. And again, if you shop around for rates, you should be able to find some very competitive ones so that greatly increased costs are not an issue.
Additionally, if you are signing up for a new contract with another company and the rate is better than your current one, your new company should begin to honor your new price by the next full billing cycle. It’s also true that if you sign up with a fixed rate plan instead of a variable rate plan that is at least one year in length, you’ll keep these savings for the duration.
In Texas, you really can’t lose when it comes to having a Texas power company that’s as inexpensive as possible. Find the lowest rate in your area by taking advantage of Texas’ new laws in regard to deregulation and competition, and then lock in those rates so that the savings keep on coming. This is a great time of year to do it, because if you wait until warm weather months, you are necessarily going to pay higher rates simply because energy costs will be higher then.
from ChooseEnergy.com
