Many businesses still don’t understand how the Texas electricity market place works. Many consumers aren’t aware of how much electric plans will differ from one provider to another. They do not see exactely how much money there is to be saved by looking for a lower rate. Lots of people incorrectly feel like changing to a new electricity provider means that they might be the last to get electricity back whenever there is an electricity outage. The truth is the electric lines that sends the electricity from the source to the consumer are all operated by the same entities known as TBSPs irrespective of the retail electric provider. The electricity all goes across identical utility lines. If you have a power failure it is the same people who will do the repair work regardless of your power provider. They have no incentive favor one electricity company’s customers above another. In fact, it would be against the law.
The areas which are deregulated receive their electricity through state’s electricity grid, which is controlled by ERCOT.
The contract lenght of the electric plan will affect the rate. A lot of electric providers in Houston will offer you month to month electricity plans. Other plan terms include 12 month electricity plans, 24 month electricity plans, 36 month electricity plans, and occasionally 6 month electricity plans. The price of such plans can vary based on the expectations of future rates. In Fort Worth, 24 months is a common length for an electric plan.
