Unlike with long-term plans, monthly, variable rate (no-contract) plans have no cancellation fees. You won’t have to pay a penalty if you decide to take your business elsewhere because you found a better deal. Plus, you won’t be left paying more than you should if the market rate for energy trends down. However, if the market prices rise, you’ll have to pay more than those who are in-contract.
Some consumers use the Texas powertochoose website to search for electricity deals. The problem with powertochoose is that it has to display all offers submitted by any licensed retail electric provider. As a result, you have to sort through a confusing array of hundreds of offers from suppliers of varying quality. Furthermore, some Texas electric companies are notorious for optimizing their rate plans on powertochoose to look more appealing than they actually are.
There are over 60 different energy suppliers competing for your business on any given day in Texas. Many of these electric companies have websites that are confusing and nearly impossible to navigate, their rates and fees hidden by dense industry jargon and misleading advertising. Who has the spare the time to sort through the choices spread out over all these different sites and companies?