Texas energy plan FAQ
What is a fixed rate energy plan?
Fixed rate energy plans set the rate you pay each month for electricity throughout your contract. This rate will not change regardless of fluctuations in the energy market. These plans are ideal for customers searching for stable energy rates.
What is a variable rate energy plan?
Variable rate energy plans change with the energy market. This means the rate you pay for electricity will vary from month to month. This allows you to benefit from market lows but could mean you pay a higher rate during periods where electricity is in high demand.
Will I need to pay a deposit?
It’s possible. Many providers require customers pay a deposit in order to secure a lower rate. You may be exempt from a deposit based on your credit score or if you choose a no deposit option. See our deposits page to learn more about no deposit plans.
Will SaveOnEnergy run a credit check?
Credit checks are a normal part of the energy buying process. Many energy providers require a credit check before they can offer you service. If you want to avoid a credit check, prepaid electricity plans are a good option. Enter your ZIP code above to see prepaid energy plans in your area.
What happens if I move?
If you move to a new address, you will not be charged an early termination fee. When you move, you can stay with your current provider or switch to a new one. Shop for a new plan up to 90 days before you move. Most homes have smart meters installed, so you shouldn’t need to schedule a technician visit to begin service.
What if I want to switch providers?
If you enroll in a variable rate plan, you can switch at any time without being charged an early termination fee. If you have a fixed rate plan, you can switch up to 14 days before your contract ends without early termination fees. Switching to a new provider is simple. Enter your ZIP code above and we’ll help you find available plans in your area. When you sign up, your new provider will coordinate with your old provider to complete the switch.