The electricity market in TX is changing and millions around the state have already exercised their right to pick their retail electric provider. With a wide variety of electricity products and plan available in TX and its marketplaces, residents and business owners are looking to find a plan that provides significant savings or provides more predictability and reliability than their current plan.

With the choices available for electricity in TX, consumers may also consider switching to an electricity product that uses primarily renewable energy. Some retail electric providers also have other value-added services like maintenance plans for air conditioning units, rewards programs, or other benefits to customers. Switching retail electric providers in TX may not be advised if you are satisfied with your current provider or are committed to a long-term contract.

To decide if switching is right for you, ask yourself if you are satisfied with your current retail electric provider. If you are, then switching may not be advantageous. Even if you are satisfied with your electricity provider in TX, you should contact them to see if other plans are available that could offer you savings, allow you to lock in a price that is more stable and predictable, take advantage of other services or customer benefits or that uses renewable energy.

If you are currently under a long-term contract with a TX electricity provider, you should inquire about cancellation fees. Depending on the amount, you may choose to wait until your current contract has expired prior to making a switch. There is no cost to switch retail electric provider, but if you want to switch to a new electricity company before your next scheduled meter reading, you might be charged a fee for a special meter read to allow for the switch. You may also be required to post a deposit with your new electricity provider or pay a cancellation fee or any remaining balance on a payment plan to your former company.

Since the state of TX allows for consumers to choose their retail electric provider, it is important to do your research to see if the company is financially stable. The Public Utilities Commission cannot guarantee that an electricity company will not go out of business but in TX it has increased the qualifications for companies interested in offering service in the retail electric market.

TX requires a minimum capital investment of $1 million and surety in the form of a $500,000 letter of credit payable to the commission. The provider is restricted from returning the investment to shareholders in the first two years of operations.

When choosing an electricity provider in TX, it is important to know if the company or plan that you are considering charges an additional fee if you use less than a certain kWh amount during a billing period. Different providers list this fee by different names such as “base charge”, “customer monthly charge”, or “customer service charge.” Contact the electricity provider directly to determine if there is a usage fee and the monthly amount.

For additional information on electricity tx as well as how to switch electricity companies or finding a local
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Author Bio: For additional information on electricity tx as well as how to switch electricity companies or finding a local
power company visit us online.

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Keywords: electricity supplier, energy provider, utility, natural gas