8. Study the results. For the selection cited above, several dozen companies recently offered rates in that range. Remember that the lowest rates could come from a company with a poor reputation, but more on that later. Contract lengths varied from one to 36 months. Each service plan comes with links to “Terms of Service,” “Facts Sheet,” “Signup” and “Special Terms.” When you click on these, you learn the nitty-gritty details. Many companies have minimums about the amount of power you must use, or you pay more. Carefully look for language about other fees.
Most energy providers in Texas have planned for the increasing demand for power, creating 1 and 2 year energy plans that have the customers needs in mind. A fixed energy rate stays the same for the length of the contract preventing huge discrepancies on your end of the month bill due to fluctuating energy costs. This is great news for anyone moving to Texas or looking to switch providers during our hottest months. Snag a great fixed rate energy plan today and lock in the cheapest rate available. Some even come with free power weekends!

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.
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