Power to Choose: Texas Residents Have a Choice in Electricity Suppliers
In 2002, Texas residents were given something many states only dream of - the power to choose an energy provider. Senate Bill 7 changed the electricity landscape in the Lone Star State by separating the supply and delivery portions of power service and introducing energy competition in Texas. Now people all over the state have embraced the power to choose by shopping for retail electric providers (REPs).
Previously, utilities were the only companies able to supply and deliver electricity to Texans. The Texas Public Utility Commission regulated the utilities' rates, but the potential for more options and lower rates caused lawmakers to enact deregulation.
Today, the majority of Texans have the power to choose. Basically, that means you don't have to stick with your utility's rates. You can shop around the competitive market to see if you can find a lower electricity rate than you're currently paying. With so many companies vying for your business, you're sure to find a better electricity plan!
Despite the many benefits of deregulation, there are a few areas exempt from the law. City-owned utilities, such as those in Austin or San Antonio, and co-ops do not have to deregulate. Each of these local utilities can decide whether or not its customers get the power to choose. Additionally, the PUC has not allowed retail competition for customers of Entergy Gulf States, Southwestern Public Service Company, El Paso Electric Company and AEP SWEPCO. As of mid-2013, the PUC holds that these areas don't have enough competition in the wholesale market and therefore would not be successful under deregulation.
The Texas PUC has developed a website to help state residents figure out the ins and outs of electricity deregulation, www.powertochoose.com. The site also provides a way for residents to compare suppliers by ZIP code. But you don't even have to leave SaveOnEnergy.com® to find the best electricity provider.
SaveOnEnergy.com serves as a helpful tool to assist you in the journey to find the best retail energy provider in Texas. We screen and qualify energy companies in Texas based on strict criteria. When shopping and selecting an energy company at SaveOnEnergy.com you can rest assured you're only seeing offers from the most popular companies, selected based on financial stability, proven management and market expertise, proven billing practices and customer service, competitive rates and innovative products.
If you are one of the lucky residents of a deregulated area of Texas, take advantage of your opportunity to select your own electricity provider. Before you get started, there are a couple of factors you need to take into consideration. Getting the lowest rate is the whole reason for electric competition in Texas, but it's not the only thing you should think about as you shop. Suppliers offer a wide range of benefits that could attract your attention, such as innovative plan options, superior customer service or reward programs. Make sure you study what each supplier offers to get the best deal on electricity.
Exercise your power to choose today by comparing top-rated offers in your area. Simply plug in your ZIP code and you could be well on your way to a better electricity rate.