Texas Electric Rates – Market Trends and Price Forecast 2024
ElectricityPlans
by Rebecca Bridges
1w ago
Texas electricity rate trends for 2024 show prices similar to 2023. Here’s our Texas electricity rates trend forecast, key factors driving electricity prices and what types of electricity plans will be popular this year. Key Takeaways: Texas electricity rates for 2024 will continue at levels seen in 2023. Residential electricity rates will average 14-16¢ per kWh including delivery costs. Longer term contract terms (24 to 36 months) will be the cheapest electricity options. Looking for cheapest electricity plans near you? Jump to this article. Texas Electricity Rates in 2024 – Average Price ..read more
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Is a Heat Pump HVAC System Right for Your Home?
ElectricityPlans
by Kelly Bedrich
2w ago
When it comes to heating and cooling you home, you have options available. Instead of a traditional central air conditioning/furnace system, some homeowners are considering Air Source Heat Pump HVAC instead. In this article, we review the basics and the pro/cons of an air pump HVAC system. What is a Heat Pump HVAC System? A heat pump HVAC system is a type of heating and cooling system that transfers heat from one place to another. A heat pump HVAC system consists of two main components: an outdoor unit and an indoor unit. The outdoor unit contains a compressor and a coil filled with refrigeran ..read more
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When is the Best Time to Shop for Electricity in Texas?
ElectricityPlans
by Rebecca Bridges
3w ago
We are often asked, what’s the best time to shop for electricity in Texas? The reality is, you don’t always get to choose when you shop for electricity, as it depends on your contract expiration. But if you have a choice? There are certain months to pick and certain months to avoid. Best & Worst Times to Shop for Texas Electricity Power prices in Texas swing with our weather extremes. Based on historical rate information, here are the best and worst times to shop. The best times to shop for an electricity plan are spring and fall. If you can, try to time your contract expiration for April ..read more
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How to Compare Electricity Rates in Pennsylvania
ElectricityPlans
by rebeccabridges
5M ago
Need the basics on how to shop for electric rates in PA? You’re in the right place. In this article, you’ll learn the 101 on deregulation, how to compare PA electric rates and how to select an electricity supplier. Electricity Deregulation in Pennsylvania – The Basics Pennsylvania deregulated electricity and natural gas in 1999. Deregulation in Pennsylvania separated the delivery of electricity from the generation and sale of electricity. Because of that, consumers and businesses can choose to purchase their electricity from the local utility company, called an Electric Delivery Company (EDC ..read more
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Texas Electric Delivery Rates Soar to Highest Level in 5 Years
ElectricityPlans
by rebeccabridges
6M ago
Delivery rates for Texas electricity change twice a year, in March and September. And this year, the price you pay per kilowatt hour to get power to your home is at its highest level in five years. Why do Texas Electric Delivery Rates Change? Electric delivery rates pay for the infrastructure that gets power to your home or business. While electricity supply is deregulated in most of Texas, the Public Utility Commission of Texas regulates your local utility company. Each utility company must submit proof of their infrastructure and delivery costs. And they receive a guaranteed rate of return o ..read more
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Texas Electricity Deposits – Everything You Need to Know
ElectricityPlans
by Shannon Bedrich
6M ago
Are there light companies in Texas without deposit? Yes, you can get energy in Texas with no deposit. But there’s a catch. (Isn’t there always?) In this article we review no deposit electricity plans, how to get a deposit waived, prepaid electricity and minimum credit score for electricity. What’s the Minimum Credit Score for Electricity in Texas? Credit score requirements vary by electricity company and are not published. But in general, you’ll need a minimum credit score of 580-600 with one of the major credit score companies (Experian, Equifax or Transunion) to get an electricity plan witho ..read more
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How Often Should You Change Your Home Air Filter?
ElectricityPlans
by rebeccabridges
9M ago
You’ve probably heard that it’s important to change your home air filter regularly. But why is it so important? And what type of air filter do you need? First, in our commitment to saving you time and energy, here’s a quick answer: Change your home air filter every 30-90 days. If you have pets in your home, you should change your air filter every 30 days. How Often Should You Change Your Home Air Filter? If you ask HVAC professionals, they’ll tell you that changing your air filter is the number one thing you can do to improve your system’s operating efficiency. That helps you save on your elec ..read more
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Cheapest Electricity Rates in Ohio (June 2023)
ElectricityPlans
by rebeccabridges
9M ago
Looking for the cheapest electricity rates in Ohio? It’s no wonder. Utilities Ohio Edison, Toledo Edison and The Illuminating Company increased standard rates 100% on June 1, with other utilities hiking rates too. It’s time to shop for a supplier. Here is our recommendation on the 3 cheapest electric suppliers in Ohio, and the cheapest rates. 3 Cheapest Electricity Providers in Ohio Right Now Wondering who has the cheapest electricity rates in Ohio? That changes monthly (or daily) depending on how aggressive each company is with their pricing. But based on our years of experience working with ..read more
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What are Market Securitization Charges?
ElectricityPlans
by rebeccabridges
11M ago
Market securitization charges are a new line item on Texas electricity bills. They’re a direct outcome of Winter Storm Uri, paying for some of the extraordinary costs of that storm. You can’t avoid paying these fees, which are from a regulatory change. But you might as well understand them, since you’ll be paying them for the next 30 years. Legislative Changes from Winter Storm Uri – HB4492 Winter Storm Uri in February 2021 had devastating consequences for Texas citizens. Power was out for days in may areas of that state, causing death and property damages. During the storm, power prices surge ..read more
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Electric Vehicle Fleets: A Guide for Business Owners
ElectricityPlans
by rebeccabridges
1y ago
If you have a fleet of vehicles for your business, you may be considering going EV for your next purchase. With good reason. There are now more choices for passenger and light-duty fleet vehicles. Here’s a basic guide to fleet electrification 101. How to Decide if Electric Vehicles are Right for Your Company Companies with electric vehicle fleets include UPS, FedEx, AT&T, Comcast, Amazon and IKEA. But smaller companies can also switch to electric fleet vehicles, especially for light-duty vehicles (Class 1, 2 and 3 up to 14,000 lbs). These are some of the things you should consider when eva ..read more
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