Before you switch providers, you’ll need to determine whether you’re under a contract with your current provider, and if so, how long you have left on your contract. You can usually find this information by looking at your electricity bill or by calling your energy provider. If you choose to switch before your contract is up, your current contract may outline an early termination fee. However, according to the Public Utility Commission of Texas, customers can switch providers without paying an early termination fee if they schedule the switch no earlier than 14 days before their current plan expires. When you change providers, you’ll be able to indicate the date you want the switch to occur.
Like most Texas residents, as a business owner you can shop around and choose the right electricity plan for your business. Thank you deregulation! Choices include basic business energy plans (typically 12 – 60 months), tiered rate plans where the energy rate decreases each year, plans with a cheaper energy rate at night, and even plans that contribute to veteran organizations. The options are growing as electricity companies get more creative and tailor their plans to different industries.