Any product or company names, marks, or logos shown on this page are the property of their respective owners. Compare Power is an unaffiliated, independent marketplace.Get unbiased, accurate information backed by our commitment to editorial integrity.
Earlier this month, the Texas Public Utility Commission approved a proposal to overhaul the market for electricity in the state by a 5-0 vote.
In recent years, Texas has been working to make its electricity grid more dependable by encouraging private investment in what is known as dispatchable power generation.
The Electric Reliability Council of Texas (ERCOT) proposed a new performance credit mechanism to make the state’s power grid more dependable by encouraging private investment in dispatchable power generation.
The performance credit mechanism aims to incentivize the development of more flexible power generation, often referred to as “dispatchable” generation.
This type of generation is able to quickly turn on and off as needed and is typically powered by sources such as natural gas or other fossil fuels.
Proponents of the plan argue that it will create financial incentives to spur the construction of more of these types of generators while maintaining the principles of a free market structure of the state’s power grid.
Under the performance credit mechanism, power generators would be rewarded for being available during peak demand times on the grid.
These rewards, known as “performance credits,” would be purchased by electricity providers from generators who earn them by being ready to produce power during critical periods.
Unlike capacity markets, where generators are paid for their readiness, the performance credit mechanism awards credit based solely on actual performance.
Critics argue that the performance credit mechanism, which aims to incentivize private investment in new power plants, may put a strain on consumers’ wallets without any guarantee of new power plant construction.
A report from the state utility commission estimated that the mechanism could lead to an additional $460 million in annual expenses by 2026, equating to a 2% increase in projected costs if it isn’t implemented.
Opponents of the plan raise concerns that the added costs for consumers may not result in a guarantee of new power plants being built.
Critics raise concerns that the awarding of performance credits may not directly result in the actual development of new power plants and that power generators may simply leverage the credits to earn additional profits without fulfilling the promise of building new generators.
There’s been some debate about the relationship between companies getting rewards for good performance and actually building new power plants.
Some believe that even though companies may say they will build new power sources, there needs to be a way to make sure they actually follow through.
The next step is for the state’s leaders to look at the plans and decide.
As energy consumers in Texas, it is important to stay informed on the potential outcomes of this plan and how it may impact our energy costs in the future.
Get Help Finding Your Best Plan
Call us at 855-441-3030 Monday through Friday, 8:30 a.m. to 6:30 p.m., or Saturday, 9:00 a.m. to 4:30 p.m.
Any product or company names, marks, or logos shown on this page are the property of their respective owners. Compare Power is an unaffiliated, independent marketplace.Get unbiased, accurate information backed by our commitment to editorial integrity.
Tesla Powerwall Plans
Austin-based Tesla announced the launch of its energy plans in Texas, making them available to its Powerwall customers in the state for the first time.
Table of Contents
Tesla Electric Texas
For Tesla Electric, this represents a significant step towards the company’s goal of providing clean, reliable energy to homes and businesses worldwide.
The availability of Tesla energy plans in Texas is likely welcomed by renewable energy advocates and Tesla fans in the state, who have eagerly anticipated the expansion of the company’s energy offerings.
It is worth noting Tesla’s electricity plans are unavailable in Austin or parts of the state that do not participate in electricity choice.
Tesla energy plans significantly expand the Powerwall’s capability, allowing owners to choose a fixed-rate energy plan or take advantage of time-of-use pricing.
A fixed-rate term allows stability and predictability in energy costs, especially in areas with volatile energy prices like Texas, where extreme weather events can cause spikes.
Time-of-use pricing lets Powerwall owners charge the battery during periods of low demand, when energy is cheaper, like overnight, and get credits to apply towards energy bills.
What is the Tesla Powerwall?
The Tesla Powerwall is a home battery system that stores excess solar energy when the sun is not shining.
Designed to be used in conjunction with solar panels, it can provide backup power during outages or be used to reduce a home’s reliance on the grid.
The Powerwall is a lithium-ion battery pack mounted on a wall or the ground and connected to the electrical panel in a home or business.
Depending on the model, it can store up to 13.5 kilowatt-hours of energy. It can power a home or business during an outage or reduce reliance on the grid by using stored energy instead of drawing power from the grid.
The Powerwall is designed to be maintenance-free and has an expected lifespan of up to 20 years.
Overall, the Tesla Powerwall is an innovative product that can help homes and businesses reduce their reliance on the grid and use clean, renewable energy.
How does the Tesla Energy Plan affect Powerwall’s warranty?
The Tesla Powerwall comes with a 10-year warranty that covers the home battery system and its components. Enrolling in a Tesla Energy Plan does not affect the Powerwall’s warranty.
Tesla Renewable Energy
Solar energy is becoming increasingly affordable. The Powerwall allows customers to store excess solar power when the sun is not shining, reducing their reliance on the grid and lowering energy costs.
As the demand for clean, renewable energy grows, Tesla is poised to play a significant role in transitioning to a more sustainable energy system.
Get Help Finding Your Best Plan
Call us at 855-441-3030 Monday through Friday, 8:30 a.m. to 6:30 p.m., or Saturday, 9:00 a.m. to 4:30 p.m.
Any product or company names, marks, or logos shown on this page are the property of their respective owners. Compare Power is an unaffiliated, independent marketplace.Get unbiased, accurate information backed by our commitment to editorial integrity.
A nuclear fusion breakthrough could lead to free electricity for consumers in the future.
On Dec 13, 2022, the US Department of Energy and its National Nuclear Security Administration announced the achievement of fusion ignition at Lawrence Livermore National Laboratory.
The National Ignition Facility team conducted the first controlled fusion experiment, producing more fusion energy than the laser energy used to fuel the experiment.
It is expected that the research that has been conducted as part of this major scientific achievement will provide the foundation for endless advances in clean energy, as shown at this week’s technical briefing in Washington, DC, which was held to inform the public about the accomplishment.
With this clean and almost inexhaustible power source, electricity generation would be revolutionized, bringing lasting benefits to future generations.
What is nuclear fusion?
Nuclear fusion, combining the nuclei of two atoms to form a heavier core, has long been hailed as the holy grail of clean energy.
Unlike fossil fuels, which produce greenhouse gases when burned, energy from nuclear fusion has the potential to provide an almost limitless source of energy without making any harmful emissions.
For decades, scientists have been working to harness this energy, and in recent years, several notable breakthroughs have brought us closer to achieving this goal.
One of the most significant recent developments in nuclear fusion reaction has been the successful operation of the International Thermonuclear Experimental Reactor, a large-scale experimental fusion facility located in the south of France.
In December 2020, the ITER collaboration triumphantly marked a significant milestone after three decades of progress.
This renowned accomplishment is known as “first plasma,” which marks their capacity to initiate and continue with sustaining plasma – an indispensable component for nuclear fusion.
Thirty-five nations were involved in this collaboration, including the United States, China, and the European Union.
Scientists at the National Ignition Facility in California made significant progress in developing laser-based fusion, a process in which laser beams are used to compress and heat hydrogen fuel to the point where fusion occurs, achieving “ignition,” in which more energy is produced than is put into the system, a key step towards achieving practical nuclear fusion energy.
One of the main challenges in achieving practical fusion energy has been finding a way to sustain plasma for long enough periods to make the process economically viable.
While the ITER project and other experimental fusion facilities have made significant progress, much work still needs to be done.
Further research is being conducted to develop materials that can withstand the extreme conditions required for fusion and efficiently capture and use the energy generated by this process.
Despite these challenges, the recent breakthroughs in nuclear fusion have generated a great deal of optimism and excitement in the scientific community.
What does nuclear fusion mean for the future?
Suppose scientists can overcome the remaining hurdles and bring fusion energy to fruition. In that case, it has the potential to revolutionize the way we generate electricity and could play a crucial role in addressing the global energy crisis and combating climate change.
Of course, nuclear fusion is not without its critics, who point out that it is still a very young technology and that there are significant safety concerns surrounding the use of nuclear reactions.
However, proponents of nuclear fusion argue that these concerns can be mitigated with proper safety measures and that the potential benefits of fusion energy far outweigh the risks.
The recent breakthroughs in nuclear fusion have brought us closer than ever to achieving practical fusion energy, a clean and almost limitless source of power that could revolutionize the way we generate electricity.
While there are still many challenges to overcome, the scientific community is optimistic that these challenges can be overcome and that fusion energy will play a crucial role in addressing the global energy crisis and combating climate change.
Get Help Finding Your Best Plan
Call us at 855-441-3030 Monday through Friday, 8:30 a.m. to 6:30 p.m., or Saturday, 9:00 a.m. to 4:30 p.m.
Any product or company names, marks, or logos shown on this page are the property of their respective owners. Compare Power is an unaffiliated, independent marketplace.Get unbiased, accurate information backed by our commitment to editorial integrity.
Consumer first for over a decade
Here at ComparePower, we pride ourselves on innovating and building the best electricity shopping experience for Texans. And our Customer Success Center is no exception.
ComparePower will always focus on the digital experience, but we also understand it can be reassuring to talk on the phone to an expert.
We’re building the best team in the industry to ensure that you have timely access to the answers you need about electricity.
We’ve found exceptional local talent to answer all your questions while shopping for electricity.
Our agents are Texans like you, with years of experience finding the best electricity plans for their homes.
They’ve personally encountered Texas electricity’s confusing ins and outs and can troubleshoot any issues you may have.
Whenever you call in, our agents are ready to walk you through the complexities of electricity shopping and help you find the right plan for your home.
They’ll help break down your home’s electricity usage so that you can shop in the most accurate way possible.
With your usage, our agents can direct you to plans that best fit your home, so you get exactly what you’re looking for.
Curious about going green or trying out free nights and weekend plans?
Our agents can walk you through any plan on our site. Avoid gimmicks and get the features right for your home.
Working on a tight budget?
In minutes, our agents will get you an estimated monthly bill plus the estimated annual cost for any plan we recommend. Check out confidently, knowing you won’t get stuck with unforeseen high bills.
Or maybe you moved into a new home and don’t have any usage data?
Between our team of local experts and ComparePower’s cutting-edge technology, we will get you to the perfect plan for your new space.
Pushing into the future, we will continue to seek out fantastic agents based here in Texas. We refuse to cut corners and outsource our calls to the cheapest bidder. You can rest assured that you’ll be talking to a Texan anytime you call with questions.
As we grow, we’ll continue to leverage decades of experience from our leadership team to recruit and train agents into experts.
We look forward to answering your electricity questions,
Any product or company names, marks, or logos shown on this page are the property of their respective owners. Compare Power is an unaffiliated, independent marketplace.Get unbiased, accurate information backed by our commitment to editorial integrity.
Can’t find my address
If you’re looking for power but cannot find your address, you might live in an area of Texas that is closed to electric competition.
Texans living outside the ERCOT grid or in areas served by municipal utilities (such as Austin Energy), electric cooperatives, and river authorities rely on a single provider.
Retail electric choice
Unfortunately, only around 80% of the state of Texas is currently open to electricity competition.
The other 20% of the state comprises areas operating as municipally-owned electric utilities or electric cooperatives that do not participate in electric choice.
Municipal electric utilities and electric cooperatives (coops) can participate in the retail electric market, but they choose not to.
Due to inadequate competition, state law has delayed competition for locations managed by Entergy Gulf States, Southwestern Public Service Company, El Paso Electric Company, and AEP SWEPCO.
The Public Utility Commission of Texas (PUC) can allow choice in these areas in the future if the competitive electricity market changes.
ComparePower strongly supports choice and competition for consumers.
You should contact your municipality or co-op for additional information if you live in one of these areas.
Co-op customers elect a board of directors at yearly membership meetings. The board sets the policies for the operation of the co-op system.
Suppose a co-op chooses not to offer choice to its customers. In that case, the PUC will only regulate it for limited purposes, such as wholesale transmission rates, service area certification, and certain reports.
Co-ops that offer choice set their retail rates through their board of directors. Most co-ops have been setting their retail rates before 1999.
The PUC also no longer regulates customer service for co-ops. Call your utility’s customer service number if you have problems or questions.
For co-ops, the decision to offer choice can only be revoked if no co-op customer has opted for choice within four years of adoption.
What is a municipality?
Similarly, municipality customers elect the city council members that operate the utility or appoint a board to manage electricity.
Over 5.1 million Texans receive electricity from 72 Municipally Owned Utilities (MOUs), approximately 15 percent of the state’s population.
A municipally owned utility maintains wires, poles, and meters, acquires power supplies, and provides service to customers, whether residential, commercial, or industrial.
A few larger municipally-owned utilities own and operate electric power plants. Municipally owned utilities are governed by local authorities, which set rates and policies based on community priorities.
Source: TPPA Member Utilities
Currently, the PUC maintains jurisdiction over wholesale transmission rates in municipalities.
If a municipality opts into the competitive market, it will be subject to the same market rules that all other retail participants follow.
City council members, or the governing body, set the retail rates for municipalities.
Once a municipality enters the competitive electricity market, it cannot revoke choice for its customers.
Texas MOUs, Coops & River Authority
Municipally-owned utilities
Austin Energy
City of Bartlett
Bastrop Power & Light
City of Bellville
City of Boerne
City of Bowie
City of Brady
City of Brenham
City of Bridgeport
City of Brownfield
Brownsville PUB
Bryan Texas Utilities
City of Burnet
City of Caldwell
City of Castroville
City of Coleman
College Station Utilities
CPS Energy
City of Cuero
Denton Municipal Electric
City of Electra
City of Farmersville
City of Flatonia
Floresville Electric Light & Power System
City of Floydada
City of Fredericksburg
Garland Power & Light
Georgetown Utility Systems
City of Giddings
City of Goldsmith
City of Goldthwaite
City of Gonzales
City of Granbury
Greenville Electric Utility System
City of Hallettsville
City of Hearne
City of Hemphill
City of Hempstead
City of Hondo
City of Jasper
Kerrville PUB
City of Kirbyville
City of La Grange
City of Lampasas
City of Lexington
City of Liberty
City of Livingston
City of Llano
City of Lockhart
Lubbock Power & Light
City of Luling
City of Mason
City of Moulton
New Braunfels Utilities
City of Newton
City of Robstown
City of San Augustine
City of San Marcos
City of San Saba
City of Sanger
City of Schulenburg
City of Seguin
City of Seymour
City of Shiner
City of Smithville
City of Timpson
City of Tulia
City of Waelder
City of Weatherford
City of Weimar
City of Whitesboro
City of Yoakum
Cooperatives
Bluebonnet Electric Cooperative
Fayette Electric Cooperative
Pedernales Electric Cooperative
Joint Action Agencies
Sam Rayburn Municipal Power Agency
Texas Municipal Power Agency
West Texas Municipal Power Agency
River Authority
Lower Colorado River Authority (LCRA)
The ERCOT electric grid
Texas is the only state in the contiguous 48 with its own electricity grid. It is one of three significant grids in the U.S.: the Eastern Interconnection, the Western Interconnection, and the Texas Interconnection.
ERCOT manages the Texas Interconnection, which includes 213 of 254 Texas counties.
What is ERCOT?
The Electric Reliability Council of Texas (ERCOT) manages the flow of electric power to more than 26 million Texas customers — accounting for about 90 percent of the state’s electricity demand.
It is ERCOT’s job to schedule power on the transmission lines and other generation units that connect 52,615 miles of transmission lines in the region.
Additionally, it performs financial settlements for competitive bulk-electricity markets and manages retail switching for approximately eight million premises.
The Public Utility Commission of Texas and the Texas legislature oversee ERCOT, a 501(c)(4) nonprofit corporation governed by a board of directors.
Source: ERCOT
Texas has several types of entities that provide electricity.
Retail competition was introduced in much of ERCOT’s service area by the Texas Legislature in 1999.
Approximately 90 percent of ERCOT’s total power load comes from these “competitive” areas.
Generators sell electricity to investor-owned utilities and retail electricity providers (REPs), which buy it wholesale.
Transmission and distribution utilities own the poles, power lines, and meters that deliver electricity to homes, businesses, and other facilities purchased from REPs.
Electric co-ops, river authorities, and municipalities outside the ERCOT grid rely on a single service provider.
Six of Texas’ 20 largest cities, including San Antonio, maintain their own utilities.
What if I favor competition?
It is important for those who live in areas without retail electric choice to contact or write their city council members to voice their views.
You can find your city council members and contact information on your city’s official website.
Frequently Asked Questions
What can I do if my area doesn’t have electricity choice?
If you favor competition and live in an area closed off to retail electric choice, you should call or write your city council members and make your views known.
Does the PUC regulate municipalities and cooperatives?
Municipal retail rates are under PUC appellate jurisdiction, but wholesale transmission rates are under Commission jurisdiction.
Municipalities that opt into the competitive market are subject to the same market rules as all other retailers.
As of Sept. 1, 1999, the PUC will only regulate a co-op for limited purposes, such as wholesale transmission rates, service area certification, and reports.
How are municipality or cooperative rates set?
As of Sept. 1, 1999, cooperatives set retail rates through their boards. Most co-ops have been setting their retail rates before 1999. City council members or the governing body determine retail rates in municipalities. The Commission sets transmission rates for municipalities and cooperatives.
Do municipalities and cooperatives provide electric services outside their service areas?
No. A muni or co-op that does not offer retail electric choice in its own service area may not offer service outside that area.
If my municipality or co-op joins the competitive market, how will I know?
The information will most likely be included in your electric bill. Alternatively, you can ask the muni or co-op.
Get Help Finding Your Best Plan
Call us at 855-441-3030 Monday through Friday, 8:30 a.m. to 6:30 p.m., or Saturday, 9:00 a.m. to 4:30 p.m.
Any product or company names, marks, or logos shown on this page are the property of their respective owners. Compare Power is an unaffiliated, independent marketplace.Get unbiased, accurate information backed by our commitment to editorial integrity.
Frontier Beat the Heat 12
Frontier Beat the Heat 12 is one of numerous bill credit plans offered by Frontier Utilities.
Bill credit plans can be a great option for your home, but you need to shop with your home’s actual usage to ensure they are the right fit.
We did a deep dive into the details of Frontier Beat the Heat 12 and have some tips to help you make an informed energy decision for your household.
Is Frontier Beat the Heat 12 right for me?
Bill credit plans can be a great option if you have a good understanding of your electricity usage each month and shop with a full year of historical usage.
With electricity prices at all-time highs, Frontier Beat the Heat 12 could save you money on your electricity bills each month if you can take advantage of the bill credits.
If you know that you use at least 1000 kilowatt-hours (kWh) of electricity each month, this plan can help you cut your electricity costs.
Important: Frontier Energy includes the $75 bill credit in the advertised rate for 1000 kWh usage with this plan. You MUST use at least 1000 kWh to get the bill credit, and the rate you pay for electricity will change alongside your usage.
If you don’t have a strong grasp on your usage and don’t use at least 1000 kWh each month, Frontier Beat the Heat 12 could cost you significantly more throughout the year.
Bill credits could be a game changer for you, but you need to shop with your home’s actual electricity usage to make sure you pick the right plan for your home.
Before buying into the advertising hype, input your electricity usage here on ComparePower, and we’ll show you a detailed pricing breakdown for every plan.
Compare Frontier Beat the Heat 12 pricing with fixed-rate plans so you know which plan will help you to save the most on electricity throughout the year.
What is Frontier Beat the Heat 12?
Frontier Beat the Heat 12 is also known as a bill credit plan. With bill credit plans, you get a discount on your electricity bill when you hit a certain usage threshold.
These discounts can stack up to actual savings, but only if you know you will hit the minimum usage required to get the monthly discount.
With Beat the Heat 12, Frontier Energy offers a $75 discount on your electricity bill when you use at least 1000 kWh during a billing cycle.
If you know that you always hit that usage each month, you will get the bill credit throughout the year.
How does Frontier Beat the Heat 12 work?
Frontier Beat the Heat 12 is a bill credit plan, meaning you get a $75 discount on your electricity each month that you use at least 1000 kWh.
It was created to give you discounts on your monthly electricity bill and help keep your electricity bills in control throughout the year.
Frontier Energy also offers a 60-day satisfaction guarantee for this plan.
Bill credit discount
Each month you hit 1000 kWh usage, Frontier Energy discounts your electricity bill by $75.
Important: Frontier Energy includes the $75 bill credit discount in the advertised rate. The rate you pay for electricity will only be the advertised rate if you use precisely 1000 kWh.
Regardless of the bill credit discount, you will still be charged Transmission and Distribution (TDU) base and energy charges.
How much does Frontier Beat the Heat 12 cost?
At the time of writing, Frontier Energy listed Beat the Heat 12 at 16.4 cents per kWh at 1000 kWh monthly usage in the Oncor service area, which includes the Dallas-Fort Worth metroplex.
Important: Frontier Energy includes the bill credit discount in the advertised price for the Oncor area. You will only get the advertised rate if you use EXACTLY 1000 kWh each month.
No one uses exactly 1000 kWh every month, and your usage will vary, which will affect the rate that you pay.
If you are considering signing up for Frontier Beat the Heat 12, make sure you shop with your home’s actual usage to see if you will benefit from the bill credit discount.
Average Texan
Are you similar to the average Texan? According to eia.gov, the average Texan pays 13.15 cents per kWh for electricity.
With average usage of 1,132 kWh per month, the average Texas electricity bill would be right around $148.90 each month.
With the weather in Texas swinging each season, your usage and electricity bill can change as quickly as the weather.
Remember that these average numbers are taken from statewide data and that your usage could be drastically different based on the size and age of your home, your appliances, and your electricity usage habits.
Beat the Heat 12
Compared to the Texas average from last year, Frontier Beat the Heat 12 is significantly more expensive at 16.4 cents per kWh at 1000 kWh usage.
At 1,132 kWh usage, you would be looking at an electricity bill for $194.36 on the Beat the Heat 12 plan.
That’s 30.53% more expensive than the average Texan paid on electricity bills last year.
Any month you use more or less than 1000 kWh, your electricity rate will vary. That means that your bill could be significantly more expensive than the Texas average during months you aren’t hitting the usage threshold for the bill credit.
Other fees
Alongside your energy charge, you’ll find a base charge of $7.95 each month and a TDU delivery charge on your bill.
The TDU charge depends on which company services the area that you live in. The TDU charge for the Oncor area, covering the Dallas-Fort Worth metropolitan area, is currently 3.89 cents per kWh. Oncor also collects a base charge of $3.42 each month.
Frontier Beat the Heat 12 also has an early termination fee of $150.
Before signing up, make sure you shop with your home’s unique usage profile to avoid high bills and the need to end your contract early.
Digging into the Terms of Service, Frontier Energy lists additional fees for late payments, assisted payments, disconnect notices, disconnect recoveries, reconnect recoveries, customer care calls, collection calls, and additional copies of documents.
If you regularly need to pay your bills late or require assistance with payments, you might consider a different electricity plan to avoid these fees.
Get discounts on your electricity bills throughout the year. We’ve rounded up our best bill credit usage discount energy plans so you can quickly find the best energy deals for your usage…
You might wonder if there is any catch with Frontier Beat the Heat 12.
While Frontier Energy does give you the $75 bill credit whenever you use at least 1000 kWh, you’ll only get the advertised rate if you use EXACTLY 1000 kWh during the month.
Any time you use more or less than 1000 kWh, you’ll pay a different rate, and your usage can vary drastically throughout the year.
One month you could get the discount and the next month you could end up with an electricity bill that’s almost double what you are expecting.
Bill credit plans can save you serious money throughout the year, but you need to shop with your home’s actual usage to ensure you will get the discount.
If you aren’t confident that you have a strong handle on your electricity usage, we recommend picking a 12-month fixed-rate contract to avoid the headache of unexpectedly high bills.
Get Help Finding Your Best Plan
Call us at 855-441-3030 Monday through Friday, 8:30 a.m. to 6:30 p.m., or Saturday, 9:00 a.m. to 4:30 p.m.
Any product or company names, marks, or logos shown on this page are the property of their respective owners. Compare Power is an unaffiliated, independent marketplace.Get unbiased, accurate information backed by our commitment to editorial integrity.
Get discounts on your electricity bills throughout the year.
We’ve rounded up our best bill credit usage discount energy plans so you can quickly find the best energy deals for your usage.
Enroll today: Fixed-rate plans are as low as $0.12 per kilowatt-hour ⤵️
Our bill credit plan picks
Small spaces – Gexa Saver Value 12
Apartments and smaller homes use less electricity throughout the year than large spaces. Gexa’s Saver Value 12 plan discounts your electricity bill by using between 500 and 1500 kWh monthly. We believe this bill credit plan offers a good fit for smaller spaces with lower monthly electricity usage.
Gexa Saver Value 12 Gexa Saver Value 12 is one of numerous bill credit plans offered by Gexa Energy. Bill credit plans can be an excellent option for your home, but you need to shop with…
Larger spaces, like multi-bedroom homes, use more electricity throughout the year than smaller spaces. Gexa’s Saver Premium 12 plan discounts your electricity bill by using more than 2000 kWh monthly. We believe this bill credit plan offers a good fit for larger spaces with higher monthly electricity usage.
Gexa Saver Premium 12 Gexa Saver Premium 12 is one of numerous bill credit plans offered by Gexa Energy. Bill credit plans can be an excellent option for your home, but you need to shop with…
Bill credit plans can be an excellent way to save if you understand your monthly electricity usage and are shopping with a full year of historical usage.
After a year of sky-high electricity prices, bill credit plans could save you money on your monthly electricity bills if you can take advantage of the discounts.
Bill credits can be a game changer for you, but you need to shop with your home’s electricity consumption to ensure you’re choosing the right plan for your home.
Before you buy, enter your electricity usage here on ComparePower, and we’ll show you a detailed price breakdown for each plan.
Compare the prices of bill credit plans versus 12-month fixed-rate plans, so you know which plan will help you save the most on electricity throughout the year.
Find the right plan for your home and checkout in as little as five minutes, at no cost to you.
Help Me Choose
Are you curious about bill credit plans?
Find the right plan for your home in five easy steps.
Moving or Switching?
1 of 5
Are you moving in, or are you just looking to switch to a new electric company?
House or Apartment?
2 of 5
Is this for a House or an Apartment?
What’s your usage?
3 of 5
Choose your home type or enter your monthly usage to shop total monthly cost:
Small Home 500-1200 square feet, ~500kWh usage
Medium Home 1200-2000 square feet, ~1000kWh usage
Large Home 2000-3000 square feet, ~1500kWh usage
x-Large Home 3000+ square feet, ~2000kWh usage
Your own average Enter your monthly kWh average
Enter your past usage history
Enter your own monthly usage history:
Some plans have different discounts, fees, and pricing tiers that may or may not apply each month depending on your usage.
ComparePower will calculate each month’s bill for every plan and show total cost for all bills combined.
Click on each month above to input as much usage data as you have. Then press the “next” button.
Electricity companies advertise their best “price per kWh” rates based on an exact monthly usage (usually 1000 or 2000 kWh). But you don’t use exactly 1000 kWh or exactly 2000 kWh. No one does.
This advertised “price per kWh” doesn’t apply the same in different households that use different amounts of energy. It’s not the same as gasoline pricing where the “price per gallon” applies to every gallon.
Buy 1 gallon or 10, it’s all the same price per gallon.
This is simply not the case with electricity. Every plan has a different equation used to calculate your monthly bill. The math is complicated.
At ComparePower, that math has already been done for you for every plan. We show you total monthly energy costs for all the plans based on your expected monthly usage.
This way you can be confident you aren’t signing up for a low advertised rate but instead choose a rate based on costs for your usage. That’s real power.
If you move out before your fixed-rate contract is up, don’t worry. You will NOT be charged an early termination fee if you cancel your service because you are moving. Texas law!
Texas law states that in the event of a move out, energy companies cannot charge a contract “early termination fee”.
This enables you to choose any term contract you like without fear of being charged a large fee if you have to move.
If you enter into a contract and switch providers (not move, but switch providers at the same address) more than 14 days early of your contract’s expiration, you will be charged an early termination fee.
So, don’t worry about your lease length or if you have to move. Just be sure to not switch providers before 14 days early of your contract expiration. You can determine you expiration date by calling your provider, or it may be printed on your bill.
How important is “Going Green”?
5 of 5
Green Energy is energy generated from renewable resource like wind and solar.
When you elect to purchase 100% Green Energy the amount of energy your home uses is added back into the Energy Grid by renewable resources only (Wind, Hyrdoelectric, Solar, etc.)
The electricity itself is the same, you are just ensuring that the method used to generate it takes less of a toll on our natural resources.
Estimator Tool
1. Size of home:
2. Number of residents:
3. Your energy habits:
Approximate monthly kWh usage:
690kWh
Disclaimer: This tool is for approximation purposes only. Accuracy is not guaranteed or implied.
The approximated monthly usage is based on an average over 12 months. Air conditioning and heating costs can vary and often account for up to 50 percent of your home’s energy use during different seasons.
Factors such as size of your home, weather, construction, heating and cooling equipment type, insulation, and family living habits will influence your actual usage.
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4Change Maxx Saver Select 4Change Maxx Saver Select 24 is one of numerous bill credit plans available in Texas. Bill credit plans can be an excellent option for your home, but you must shop with your…
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Which bill and usage credit plan is right for you?
You’ve probably seen advertisements for energy plans that include bill and usage credits.
Discounts on your electricity can help cut down on your electricity bills, but which plan is right for you?
The short answer is that it depends on your electricity usage. A bill or usage credit plan will be ideal if you know you will hit the minimum usage to get the discount.
Take a closer look at each provider’s bill and usage credit plans. Each plan varies slightly, so it’s vital to look at the details to ensure they fit your home.
Bill credit discounts
Provider
Discount
Usage
4Change Energy
$100
1000+ kWh
Constellation
$35-50
1000-2000+ kWh
Frontier Utilities
$100-125
1000-2500 kWh
Gexa Energy
$35-125
500-2500 kWh
Just Energy
$100
1000+ kWh
New Power Texas
$95
1000+ kWh
Compare all plans at a glance
Plan
Provider
Discount
Usage
Early Termination Fee
Upgrades
Maxx Saver Select 12
4Change Energy
$100
1000+ kWh
$20/month remaining
$19.95/month for green energy
Maxx Saver Select 24
4Change Energy
$100
1000+ kWh
$20/month remaining
$19.95/month for green energy
36 Month Usage Credit
Constellation
$35-50
1000-2000+ kWh
$150
n/a
12 Month Usage Credit
Constellation
$35-50
1000-2000+ kWh
$150
n/a
Saver Plus 12
Frontier Utilities
$125
1000+ kWh
$150
n/a
Super Value 12
Frontier Utilities
$100
1000+ kWh
$150
n/a
Max 12
Frontier Utilities
$100
2000-2500 kWh
$150
n/a
Eco Saver Plus 12
Gexa Energy
$125
1000+ kWh
$150
n/a
Saver Deluxe 12
Gexa Energy
$100
1000-2000 kWh
$150
n/a
Saver 12
Gexa Energy
$95
1000+ kWh
$150
n/a
Saver Advantage 12
Gexa Energy
$40-80
1000-2500 kWh
$150
n/a
Saver Value 12
Gexa Energy
$35-50
500-1500 kWh
$150
n/a
Saver Premium 12
Gexa Energy
$100
2000+ kWh
$150
n/a
Superb Saver 12
Gexa Energy
$50-100
1500-2500 kWh
$150
n/a
Power Plus 36
Just Energy
$100
1000+ kWh
$175
JustGreen renewable energy
Power of Credit 36
New Power Texas
$95
1000+ kWh
$125
n/a
Power of Credit 24
New Power Texas
$95
1000+ kWh
$125
n/a
Power of Credit 12
New Power Texas
$95
1000+ kWh
$125
n/a
How to switch
You can save money by switching energy providers. Market conditions are constantly changing, so it is critical to shop for a lower rate each year when your contract expires.
When your current energy contract expires, your energy provider will typically raise your electricity rate. If you do nothing, you will be charged a monthly rate significantly higher than the plan you signed up for.
Check the rates of competing electricity companies before renewing your contract. Switching could save you hundreds to thousands of dollars on your electric bill each year.
Switching is easy:
You don’t have to contact your current company to cancel (no “break-up call”)
No one comes to your home
There is no disruption to your electricity supply
It takes just minutes
When you decide to switch, your new electricity provider will handle everything, including terminating service with your previous provider.
When you switch, your lights remain on. Your Transmission and Distribution Utility provides electricity in Texas (TDU).
When you switch energy providers, the wires and poles that deliver electricity to your home remain unchanged. As a result, the dependability of your service is unaffected.
Without incurring an early termination fee, you can choose any date within 14 days of your contract’s expiration date. You are protected under Texas law.
Find out how many months are left on your contract if you’re still under contract. Most providers allow you to schedule a future start date up to 60 days in advance.
Even if you’re well into your contract, the savings on your monthly bill from switching companies may outweigh the fee for breaking your current contract.
If you’re ready to make the switch and want to know how to find the best plan, remember that understanding your usage is the best way to find the lowest rate. To do so, you’ll need to collect usage data for the previous 12 months.
Texas energy companies
Looking for a great Texas electric company?
You can sign up for services from companies like TXU Energy, Reliant, Direct Energy, and others.
To view rates, learn more, or sign up, select the company of your choice.
Are you looking for a lower electricity rate in another city? If so, you can find the location below and then sign up for a more affordable electricity plan by clicking here.
If your city is not on the list, use the zip code finder to find a rate lower than what you currently pay.
A bill or usage credit is a discount on your electricity bill when you use a certain amount of electricity each month. Most bill or usage credit plans have higher costs for electricity that are offset by these discounts.
Are usage credit plans worth it?
It all depends on your usage habits. For households that hit the minimum electricity consumption required to get the discount, a bill or usage credit can help you cut down your electricity bill.
Interested in bill and usage credit electricity plans? Find out which plan is right for you with your home usage history on ComparePower.
Get Help Finding Your Best Plan
Call us at 855-441-3030 Monday through Friday, 8:30 a.m. to 6:30 p.m., or Saturday, 9:00 a.m. to 4:30 p.m.
Any product or company names, marks, or logos shown on this page are the property of their respective owners. Compare Power is an unaffiliated, independent marketplace.Get unbiased, accurate information backed by our commitment to editorial integrity.
New Power Texas Power of Credit 12
New Power Texas Power of Credit 12 is one of numerous bill credit plans offered by New Power Texas.
Bill credit plans can be an excellent option for your home, but you need to shop with your home’s actual usage to ensure they are the right fit.
We did a deep dive into the details of New Power Texas Power of Credit 12 and have some tips to help you make an informed energy decision for your household.
Is New Power Texas Power of Credit 12 right for me?
Bill credit plans can be great if you understand your monthly electricity usage and shop with a full year of historical usage.
With electricity prices at all-time highs, New Power Texas Power of Credit 12 could save you money on your monthly electricity bills if you can take advantage of the bill credits.
If you know that you use at least 1000 kilowatt-hours (kWh) of electricity each month, this plan will help you cut your electricity costs.
Important: Just Energy includes the $100 bill credit in the advertised rate for 1000 kWh usage with this plan. You MUST use at least 1000 kWh to get the bill credit, and the rate you pay for electricity will change alongside your usage.
If you don’t have a firm grasp on your usage and don’t use at least 1000 kWh each month, New Power Texas Power of Credit 12 could cost you significantly more throughout the year.
Bill credits could be a game changer for you, but you need to shop with your home’s actual electricity usage to make sure you pick the right plan for your home.
Before buying into the advertising hype, input your electricity usage here on ComparePower, and we’ll show you a detailed pricing breakdown for every plan.
Compare New Power Texas Power of Credit 12 pricing with fixed-rate plans so you know which plan will help you to save the most on electricity throughout the year.
The number one rule in finding the right power plan is to understand your usage.
This 2-minute video that explains everything you need to know ⤵️
Quickly determine if New Power Texas Power of Credit 12 is right for your home with your kilowatt-hour usage👇
Note: The easiest way to get 12 months of usage history is to log into your provider dashboard. You can also create an account with Smart Meter Texas, where you can get usage readings for your home in 15-minute intervals.
What is New Power Texas Power of Credit 12?
New Power Texas Power of Credit 12 is also a bill credit plan. With bill credit plans, you get a discount on your electricity bill when you hit a certain usage threshold.
These discounts can stack up to actual savings only if you know you will hit the minimum usage required to get the monthly discount.
With Power of Credit 12, New Power offers a $95 discount on your electricity bill when you use at least 1000 kWh during a billing cycle.
If you know that you always hit that usage each month, you will get the bill credit throughout the year.
How does New Power Texas Power of Credit 12 work?
New Power Texas Power of Credit 12 is a bill credit plan, meaning you get a $95 discount on your electricity each month that you use at least 1000 kWh.
It was created to give you discounts on your monthly electricity bill and help keep your electricity bills in control throughout the year.
Bill credit discount
Each month you hit 1000 kWh usage, New Power Texas discounts your electricity bill by $95.
Important: New Power Texas includes the $95 bill credit discount in the advertised rate. The rate you pay for electricity will only be the advertised rate if you use precisely 1000 kWh.
Regardless of the bill credit discount, you will still be charged Transmission and Distribution (TDU) base and energy charges.
How much does New Power Texas Power of Credit 12 cost?
At the time of writing, New Power Texas listed Power of Credit at 17.6 cents per kWh at 1000 kWh monthly usage in the Oncor service area, which includes the Dallas-Fort Worth metroplex.
Important: New Power Texas includes the bill credit discount in the advertised price for the Oncor area. You will only get the advertised rate if you use EXACTLY 1000 kWh each month.
No one uses exactly 1000 kWh every month, and your usage will vary, affecting the rate you pay.
If you are considering signing up for New Power Texas Power of Credit 12, make sure you shop with your home’s actual usage to see if you will benefit from the bill credit discount.
Average Texan
Are you similar to the average Texan? According to eia.gov, the average Texan pays 13.15 cents per kWh for electricity.
With average usage of 1,132 kWh per month, the average Texas electricity bill would be right around $148.90 each month.
With the weather in Texas swinging each season, your usage and electricity bill can change as quickly as the weather.
Remember that these average numbers are taken from statewide data and that your usage could be drastically different based on the size and age of your home, your appliances, and your electricity usage habits.
Power of Credit 12
Compared to the Texas average from last year, New Power Texas Power of Credit 12 is more expensive at 17.6 cents per kWh at 1000 kWh usage.
At 1,132 kWh usage, you would be looking at an electricity bill for $211.88 on the Power of Credit 12 plan.
That’s 42.29% more expensive than the average Texan paid on electricity bills last year.
Your electricity rate will vary any month you use more or less than 1000 kWh. That means that your bill could be significantly more expensive than the Texas average during months you aren’t hitting the usage threshold for the bill credit.
Other fees
You’ll find a TDU delivery charge alongside your energy charge on your bill.
The TDU charge depends on which company services the area that you live in. The TDU charge for the Oncor area, covering the Dallas-Fort Worth metropolitan area, is currently 4.4 cents per kWh. Oncor also collects a base charge of $3.42 each month.
New Power Texas Power of Credit 12 also has an early termination fee of $125, and you can upgrade to green energy for an additional fee each month.
Before signing up, make sure you shop with your home’s unique usage profile to avoid high bills and the need to end your contract early.
Digging into the Terms of Service, New Power Texas lists additional fees for disconnections, returned payments, and priority when moving in.
If you are concerned about disconnections or returned payments, you might consider a different electricity plan to avoid these fees.
Get discounts on your electricity bills throughout the year. We’ve rounded up our best bill credit usage discount energy plans so you can quickly find the best energy deals for your usage…
You might wonder if there is any catch with New Power Texas Power of Credit 12.
While New Power Texas does give you the $95 bill credit whenever you use at least 1000 kWh, you’ll only get the advertised rate if you use EXACTLY 1000 kWh during the month.
Any time you use more or less than 1000 kWh, you’ll pay a different rate, and your usage can vary drastically throughout the year.
One month you could get the discount and the following month you could end up with an electricity bill almost double what you expect.
Bill credit plans can save you serious money throughout the year, but you need to shop with your home’s actual usage to ensure you will get the discount.
If you aren’t confident that you have a firm handle on your electricity usage, we recommend picking a 12-month fixed-rate contract to avoid the headache of unexpectedly high bills.
Get Help Finding Your Best Plan
Call us at 855-441-3030 Monday through Friday, 8:30 a.m. to 6:30 p.m., or Saturday, 9:00 a.m. to 4:30 p.m.
Any product or company names, marks, or logos shown on this page are the property of their respective owners. Compare Power is an unaffiliated, independent marketplace.Get unbiased, accurate information backed by our commitment to editorial integrity.
New Power Power of Credit 24
New Power Texas Power of Credit 24 is one of numerous bill credit plans offered by New Power Texas.
Bill credit plans can be an excellent option for your home, but you need to shop with your home’s actual usage to ensure they are the right fit.
We did a deep dive into the details of New Power Texas Power of Credit 24 and have some tips to help you make an informed energy decision for your household.
Is New Power Texas Power of Credit 24 right for me?
Bill credit plans can be great if you understand your monthly electricity usage and shop with a full year of historical usage.
With electricity prices at all-time highs, New Power Texas Power of Credit 24 could save you money on your monthly electricity bills if you can take advantage of the bill credits.
If you know that you use at least 1000 kilowatt-hours (kWh) of electricity each month, this plan will help you cut your electricity costs.
Important: New Power Texas includes the $95 bill credit in the advertised rate for 1000 kWh usage with this plan. You MUST use at least 1000 kWh to get the bill credit, and the rate you pay for electricity will change alongside your usage.
If you don’t have a firm grasp on your usage and don’t use at least 1000 kWh each month, New Power Texas Power of Credit 24 could cost you significantly more throughout the year.
Bill credits could be a game changer for you, but you need to shop with your home’s actual electricity usage to make sure you pick the right plan for your home.
Before buying into the advertising hype, input your electricity usage here on ComparePower, and we’ll show you a detailed pricing breakdown for every plan.
Compare New Power Texas Power of Credit 24 pricing with fixed-rate plans so you know which plan will help you to save the most on electricity throughout the year.
The number one rule in finding the right power plan is to understand your usage.
This 2-minute video that explains everything you need to know ⤵️
Quickly determine if New Power Texas Power of Credit 24 is right for your home with your kilowatt-hour usage👇
Note: The easiest way to get 12 months of usage history is to log into your provider dashboard. You can also create an account with Smart Meter Texas, where you can get usage readings for your home in 15-minute intervals.
What is New Power Texas Power of Credit 24?
New Power Texas Power of Credit 24 is also a bill credit plan. With bill credit plans, you get a discount on your electricity bill when you hit a certain usage threshold.
These discounts can stack up to actual savings only if you know you will hit the minimum usage required to get the monthly discount.
With Power of Credit 24, New Power offers a $95 discount on your electricity bill when you use at least 1000 kWh during a billing cycle.
If you know that you always hit that usage each month, you will get the bill credit throughout the year.
How does New Power Texas Power of Credit 24 work?
New Power Texas Power of Credit 24 is a bill credit plan, meaning you get a $95 discount on your electricity each month that you use at least 1000 kWh.
It was created to give you discounts on your monthly electricity bill and help keep your electricity bills in control throughout the year.
Bill credit discount
Each month you hit 1000 kWh usage, New Power discounts your electricity bill by $95.
Important: New Power includes the $95 bill credit discount in the advertised rate. The rate you pay for electricity will only be the advertised rate if you use precisely 1000 kWh.
Regardless of the bill credit discount, you will still be charged Transmission and Distribution (TDU) base and energy charges.
How much does New Power Texas Power of Credit 24 cost?
At the time of writing, New Power listed Power of Credit 24 at 17.6 cents per kWh at 1000 kWh monthly usage in the Oncor service area, which includes the Dallas-Fort Worth metroplex.
Important: New Power includes the bill credit discount in the advertised price for the Oncor area. You will only get the advertised rate if you use EXACTLY 1000 kWh each month.
No one uses exactly 1000 kWh every month, and your usage will vary, affecting the rate you pay.
If you are considering signing up for New Power Texas Power of Credit 24, make sure you shop with your home’s actual usage to see if you will benefit from the bill credit discount.
Average Texan
Are you similar to the average Texan? According to eia.gov, the average Texan pays 13.15 cents per kWh for electricity.
With average usage of 1,132 kWh per month, the average Texas electricity bill would be right around $148.90 each month.
With the weather in Texas swinging each season, your usage and electricity bill can change as quickly as the weather.
Remember that these average numbers are taken from statewide data and that your usage could be drastically different based on the size and age of your home, your appliances, and your electricity usage habits.
Power of Credit 24
Compared to the Texas average from last year, New Power Texas Power of Credit 24 is more expensive at 15.7 cents per kWh at 1000 kWh usage.
At 1,132 kWh usage, you would be looking at an electricity bill for $190.37 on the Power of Credit 24 plan.
That’s 27.85% more expensive than the average Texan paid on electricity bills last year.
Your electricity rate will vary any month you use more or less than 1000 kWh. That means that your bill could be significantly more expensive than the Texas average during months you aren’t hitting the usage threshold for the bill credit.
Other fees
You’ll find a TDU delivery charge alongside your energy charge on your bill.
The TDU charge depends on which company services the area that you live in. The TDU charge for the Oncor area, covering the Dallas-Fort Worth metropolitan area, is currently 4.4 cents per kWh. Oncor also collects a base charge of $3.42 each month.
New Power Texas Power of Credit 24 also has an early termination fee of $125, and you can upgrade to green energy for an additional fee each month.
Before signing up, make sure you shop with your home’s unique usage profile to avoid high bills and the need to end your contract early.
Digging into the Terms of Service, New Power Texas lists additional fees for disconnections, returned payments, and priority when moving in.
If you are concerned about disconnections or returned payments, you might consider a different electricity plan to avoid these fees.
Get discounts on your electricity bills throughout the year. We’ve rounded up our best bill credit usage discount energy plans so you can quickly find the best energy deals for your usage…
You might wonder if there is any catch with New Power Texas Power of Credit 24.
While New Power Texas does give you the $95 bill credit whenever you use at least 1000 kWh, you’ll only get the advertised rate if you use EXACTLY 1000 kWh during the month.
Any time you use more or less than 1000 kWh, you’ll pay a different rate; your usage can vary drastically throughout the year.
One month you could get the discount and the following month you could end up with an electricity bill almost double what you expect.
Bill credit plans can save you serious money throughout the year, but you need to shop with your home’s actual usage to ensure you will get the discount.
If you aren’t confident that you have a firm handle on your electricity usage, we recommend picking a 12-month fixed-rate contract to avoid the headache of unexpectedly high bills.
Get Help Finding Your Best Plan
Call us at 855-441-3030 Monday through Friday, 8:30 a.m. to 6:30 p.m., or Saturday, 9:00 a.m. to 4:30 p.m.
Any product or company names, marks, or logos shown on this page are the property of their respective owners. Compare Power is an unaffiliated, independent marketplace.Get unbiased, accurate information backed by our commitment to editorial integrity.
New Power Texas Power of Credit 36
New Power Texas Power of Credit 36 is one of numerous bill credit plans offered by New Power Texas.
Bill credit plans can be an excellent option for your home, but you need to shop with your home’s actual usage to ensure they are the right fit.
We did a deep dive into the details of New Power Texas Power of Credit 36 and have some tips to help you make an informed energy decision for your household.
Is New Power Texas Power of Credit 36 right for me?
Bill credit plans can be great if you understand your monthly electricity usage and shop with a full year of historical usage.
With electricity prices at all-time highs, New Power Texas Power of Credit 36 could save you money on your monthly electricity bills if you can take advantage of the bill credits.
If you know you use at least 1000 kilowatt-hours (kWh) of electricity each month, this plan will help you cut your electricity costs.
Important: New Power Texas includes the $95 bill credit in the advertised rate for 1000 kWh usage with this plan. You MUST use at least 1000 kWh to get the bill credit, and the rate you pay for electricity will change alongside your usage.
If you don’t have a firm grasp on your usage and don’t use at least 1000 kWh each month, New Power Texas Power of Credit 36 could cost you significantly more throughout the year.
Bill credits could be a game changer for you, but you need to shop with your home’s electricity usage to ensure you pick the right plan for your home.
Before buying into the advertising hype, input your electricity usage here on ComparePower, and we’ll show you a detailed pricing breakdown for every plan.
Compare New Power Texas Power of Credit 36 pricing with fixed-rate plans to know which plan will help you save the most on electricity throughout the year.
The number one rule in finding the right power plan is to understand your usage.
This 2-minute video that explains everything you need to know ⤵️
Note: The easiest way to get 12 months of usage history is to log into your provider dashboard. You can also create an account with Smart Meter Texas to get usage readings for your home in 15-minute intervals.
Quickly determine if New Power Texas Power of Credit 36 is right for your home with your kilowatt-hour usage⤵️
What is New Power Texas Power of Credit 36?
New Power Texas Power of Credit 36 is also a bill credit plan. With bill credit plans, you get a discount on your electricity bill when you hit a certain usage threshold.
These discounts can stack up to actual savings only if you know you will hit the minimum usage required to get the monthly discount.
With Power of Credit 36, New Power offers a $95 discount on your electricity bill when you use at least 1000 kWh during a billing cycle.
If you know that you always hit that usage each month, you will get the bill credit throughout the year.
How does New Power Texas Power of Credit 36 work?
New Power Texas Power of Credit 36 is a bill credit plan, meaning you get a $95 discount on your electricity each month that you use at least 1000 kWh.
It was created to give you discounts on your monthly electricity bill and help keep your electricity bills in control throughout the year.
Bill credit discount
Each month you hit 1000 kWh usage—New Power discounts your electricity bill by $95.
Important: New Power Texas includes the $95 bill credit discount in the advertised rate. The rate you pay for electricity will only be the advertised rate if you use precisely 1000 kWh.
Regardless of the bill credit discount, you will still be charged Transmission and Distribution (TDU) base and energy charges.
How much does New Power Texas Power of Credit 36 cost?
At the time of writing, New Power listed Power of Credit 36 at 15.3 cents per kWh at 1000 kWh monthly usage in the Oncor service area, which includes the Dallas-Fort Worth metroplex.
Important: New Power includes the bill credit discount in the advertised price for the Oncor area. You will only get the advertised rate if you use EXACTLY 1000 kWh monthly.
No one uses exactly 1000 kWh every month, and your usage will vary, affecting the rate you pay.
If you are considering signing up for New Power Texas Power of Credit 36, shop with your home’s actual usage to see if you will benefit from the bill credit discount.
Average Texan
Are you similar to the average Texan? According to eia.gov, the average Texan pays 13.15 cents per kWh for electricity.
With an average usage of 1,132 kWh per month, the average Texas electricity bill would be around $148.90 monthly.
With the weather in Texas swinging each season, your usage and electricity bill can change as quickly as the weather.
Remember that these average numbers are taken from statewide data and that your usage could be drastically different based on the size and age of your home, your appliances, and your electricity usage habits.
Power of Credit 36
Compared to the Texas average from last year, New Power Texas Power of Credit 36 is more expensive at 15.3 cents per kWh at 1000 kWh usage.
At 1,132 kWh usage, you would see an electricity bill for $185.85 on the Power of Credit 36 plan.
That’s 24.81% more expensive than the average Texan paid on electricity bills last year.
Your electricity rate will vary any month you use more or less than 1000 kWh. That means that your bill could be significantly more expensive than the Texas average during months you aren’t hitting the usage threshold for the bill credit.
Other fees
You’ll find a TDU delivery charge alongside your energy charge on your bill.
The TDU charge depends on which company services the area that you live in. The TDU charge for the Oncor area, covering the Dallas-Fort Worth metropolitan area, is currently 4.4 cents per kWh. Oncor also collects a base charge of $3.42 each month.
New Power Texas Power of Credit 36 also has an early termination fee of $125, and you can upgrade to green energy for an additional fee each month.
Before signing up, shop with your home’s unique usage profile to avoid high bills and the need to end your contract early.
Digging into the Terms of Service, New Power Texas lists additional fees for disconnections, returned payments, and priority when moving in.
If you are concerned about disconnections or returned payments, consider a different electricity plan to avoid these fees.
Get discounts on your electricity bills throughout the year. We’ve rounded up our best bill credit usage discount energy plans so you can quickly find the best energy deals for your usage…
You might wonder if there is any catch with New Power Texas Power of Credit 36.
While New Power Texas does give you the $95 bill credit whenever you use at least 1000 kWh, you’ll only get the advertised rate if you use EXACTLY 1000 kWh during the month.
Any time you use more or less than 1000 kWh, you’ll pay a different rate; your usage can vary drastically throughout the year.
One month you could get a discount and the following month you could end up with an electricity bill almost double what you expect.
Bill credit plans can save you serious money throughout the year, but you need to shop with your home’s actual usage to ensure you will get the discount.
If you aren’t confident that you have a firm handle on your electricity usage, we recommend picking a 12-month fixed-rate contract to avoid the headache of unexpectedly high bills.
Get Help Finding Your Best Plan
Call us at 855-441-3030 Monday through Friday, 8:30 a.m. to 6:30 p.m., or Saturday, 9:00 a.m. to 4:30 p.m.
