Unfortunately many people don’t realize they have the power to choose the best electricity rates in Laredo, Texas. However, electricity was deregulated here, and throughout Texas, over a decade ago. Part of the problem lies in the fact that most people don’t know how to find low electricity rates.
Choosing the best electricity rates in Laredo, Texas is important when you consider that this is one of your largest bills each month. Finding the right plan, even if it’s only a few pennies less per kWh can save you a few hundred dollars each year.
Electricity Rates in Laredo, Texas
There are many different electricity companies available, all saying they offer the best electric rates in Laredo, TX. What you need to do is decide how much electricity you use each month and then look through their plans to figure out what’s best for you. You should also look at a company’s customer service records to see who offers the best all around package – including prices and service. This will help you narrow your options down to four or five energy plans. Now it’s time to read through the fine print found in their terms of service.
Here you’ll find a few terms that you’ll want to be familiar with so you’re sure to find the best electricity rates in Laredo, Texas. These include:
- Fixed rate plans come with a contract of a predetermined amount of time – from just a few months to a few years. Throughout this time you’re sure to enjoy the best electricity rates in Laredo that won’t change since they’re “locked in.”
- Variable rate plans only offer low electric rates in Laredo, Texas when the rate per kWh is low, so you never know what you’ll pay in the future. Some of these electric plans also offer really tempting introductory rates, but those change after your first month. This is why it’s important to know the historical electricity rates. However, the nice thing about these plans is that in the right market you can save more money than you would with a fixed rate plan. The opposite is also true though: If you don’t carefully watch your rates, you’ll get sticker shock.
- Prepaid plans are the best option for people with poor credit. Because there’s no credit check. However, these don’t always offer the best electricity rates in Laredo, because they tend to charge more per kWh and have an assortment of fees associated with them. Additionally, since these work under different consumer protection rules you may receive a lot less notice before you’re cut off for nonpayment.
Finding the Best Electricity Companies in Laredo, Texas
Once you’ve found low electric rates, you’ll want to start thinking about changing electricity companies in Laredo, TX. If you’re on a fixed-rate plan, make sure you look at when your contract is up, so you’re not charged a fee for changing energy providers before your contract expires. Once you know this date you can schedule a switch 14 days ahead of the expiration date without facing an early termination fee. However, if you’re on a variable-rate plan you can switch providers as soon as you find low electricity rates in Laredo, Texas.