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The Bad News: Earlier this year, Texas REPs, or Retail Energy Providers such as Frontier, TXU and Payless Power, were informed that energy prices will be high this summer. Electric Rates in major cities such as Dallas, Fort Worth, Houston, Corpus Christi and Waco are high across the board, making it almost impossible to believe a “cheapest energy” claim.
Lantern’s founder, Elisa Kaplan, started her energy career in 1994 as a programmer for an energy software firm. She was responsible for creating a library of utility rates that allowed users to recalculate their bills and compare the results to what they were actually charged. This library offered electricity, natural gas and water/sewer rates from the smallest municipalities to the largest investor owned electric companies throughout the United States. The creation of this library resulted in an extraordinary understanding of how companies charge their customers. This evolved into a utility bill auditing service that successfully recovered millions of dollars in overcharges. The deregulation of the Texas electricity market in 2002 enabled additional savings recommendations to her many clients.
There are over 50 retail electric providers competing for your home and business in the Texas electricity market. Whether you are located in Houston or Dallas, Cypress, Spring or Tomball, or ANY of the deregulated areas throughout Texas, Lantern evaluates hundreds of offers to find the lowest cost available for your home and business. Our report is free and if you accept our recommendation, the power company of your choice will pay us a finder’s fee!
Knowing electricity rate price trend history is valuable information because the rate that you sign up for will be the rate you pay for the length of your contract. If you moved into your home in the summer and you find yourself renewing your electricity plan every summer, you may be paying some of the highest rates offered for power all year long. It might be worth the expense to sign up for a short term plan as a stop gap measure until electricity rates are cheaper once demand isn’t as high.
Final switch tips. When you make your final selection, don’t call your current electricity provider to cancel. Sign up with the new company only. Try to sign up at least five to seven days before your plan expires so the overlap between the two billing cycles is negligible. Some people switch too late and pay higher prices during the transition. If you have a smart meter, the state rule is you must be switched within 48 hours. But five to seven days is safer.
Reliant offers a variety of electricity plans in Dallas to accommodate your lifestyle. Whether you’re a sports fan, world traveler or energy saver, you can get rewarded for paying your electricity bill. We even offer plans that donate to local charitable organizations and offer special promotions throughout the year. Some plans help you save money when you use electricity on the evenings or weekends, and plans such as our wind power, solar power and solar sell back plans give our environmentally-conscious customers more options than ever.