How to Find Electricity Companies Near Me in Texas
If you’re looking for different electricity companies near you in Texas, then there are lots that you need to know. The first thing is that there isn’t a shortage of electricity companies to choose from. Electricity companies in Texas are known as REPs or retail electric providers. They are so-called because REPs are privately-owned companies that compete to offer customers the best rates possible. In this article, we will go into detail about why there are so many electricity companies and how to choose the best one for you.
How Many Electric Companies Are There in Texas?
Texas is one of the largest states in the U.S. and has more REPs than most other states. As of 2021, there are over 150 different electric companies in Texas offering thousands of different service plans. While this makes choosing a custom plan possible, it’s also challenging to filter through all the options. That’s where EnerGenie comes in.
Once you contact us at EnerGenie and give us some basic information, we will find the best electricity company nearest you. Using your Zip Code and some basic information, EnerGenie can filter through every plan from every company to find you the best one. Don’t get overwhelmed with hours of research and tough decisions. Contact us to help you narrow down the options so that you can make a perfect choice.
Why Does Texas Have So Many REPs?
In the early 2000s, Texas decided to deregulate its electricity. In regulated states, people are stuck with whatever power company has jurisdiction in that area. In Texas and several other states, however, deregulation has made it so that people have the power to choose their electric plan and provider.
REPs in Texas work the same way that TV, internet, and phone companies do. They offer competitive rates on electricity and even include discounts, perks, and other benefits when you sign up with them. However, because they’re privately-owned companies, they’re also out to make money. This means that they sometimes hide fees and sneaky payment plans on their electricity.
Are Other States as Competitive as Texas?
Most states in the U.S. don’t have deregulated electricity. In those states, the electricity market isn’t competitive because people can’t choose their provider. Here is a list of states and districts that have deregulated electricity
Are the Cheapest Companies the Best Companies Near Me?
Many REPs in Texas offer deals that seem too good to believe. That’s often because they are unless you know what to watch out for. Hidden fees are some of the primary ways that electricity companies in Texas make their money. Here are some of them to watch out for.
Watch Out for Hidden Fees
In each of these states, renters and homeowners have the chance to choose their provider, making electricity a competitive market. However, it’s important to note that each state has its own set of rules and regulations. They also have different companies to choose from, so make sure you know the markets in the state you’re moving to.
Not realizing that you have these monthly fees will quickly lead to you paying more than you expected for your “cheap” electricity.
Don’t Just Look at the Price per kWh
The first and last thing that many people look at when choosing their provider is the price per kWh. The price per kWh is what you’ll pay for every kilowatt of electricity that you use each month. Unfortunately, these rates are volatile and could go up or down depending on the type of plan you have.
Some plans might say that you only have to pay 10 cents per kWh. However, what they don’t include in their advertisement is that 10 cents are the price you pay when you use 1,000 kWh or less. If you happen to go over 1,000 kWh, you could end up paying more like 15 cents per kWh. If you look at every inch of your contract, you can catch caveats like this one, but they’re tough to spot. Contact us at EnerGenie to make sure this doesn’t happen to you.
Know How Much Electricity You Use Per Month
For scenarios like the one listed above, it’s essential to know your average monthly electricity use. If you know that you use less than 1,000 kWh of electricity, this is a good plan. However, if you use more than 1,000 kWh, you’ll quickly end up paying more than you planned to. Here’s how to calculate your monthly usage.
- Locate your last six monthly electric statements and find how many kWh you used each month.
- Add the totals of each month together and divide that number by six.
- The answer that you come up with is the average kWh of electricity you use in a month.
Allow EnerGenie to Help
If you don’t want to fall into one of the previously mentioned traps, then EnerGenie is here to help. EnerGenie has a series of complex algorithms that are designed for the sole purpose of finding you the best electricity plan and provider near you. No matter where you are in Texas, you’ll likely have dozens of companies and hundreds of plans to choose from. Not only is this overwhelming, but it’s also time-consuming.
EnerGenie will give you a list of the best REP plans near you so that you can make an informed decision. We will provide you with peace of mind knowing that you made the best choice possible.
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