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Electricity Contract Expiration Guide

Imagine your A/C humming along on a scorching Texas day…then your electricity bill arrives and knocks the wind out of you.

An expired contract and a holdover rate could be the culprits. These rates can double your electricity costs overnight.

So, if you’re feeling anxious because your electricity contract in Texas is about to expire, you’re not alone.

Many Texans are in the same situation, unsure of the next steps and worried about potential cost increases.

But what if I told you this could be a golden opportunity for savings?

TLDR: This article is your guide to managing your electricity contract expiration in Texas. I’ll explain why you should consider switching providers, how ComparePower can assist you in the process, and why you should start comparing providers today. By following this guide, you can navigate your contract expiration smoothly and potentially save money on your electricity bill.

Understanding Your Electricity Contract Expiration

In Texas, Retail Electric Providers (REPs) must notify you at least 30 days before your contract expires.

This gives you time to review their renewal offer, compare other options, and decide whether switching providers could benefit you.

However, the process can seem daunting and confusing, especially if you’re worried about early termination charges or finding a new provider that fits your needs.

What Happens if I Don’t Switch Providers?

If you stick with your current provider out of convenience or fear of change, you might pay more than necessary.

When you’re nearing the end of your electricity contract in Texas and haven’t chosen a new plan or provider, there’s no need to worry about your power being shut off.

Instead, your current provider will typically place you on what’s known as a “holdover” rate.

The Most Expensive Way to Get Electricity

A holdover rate is a variable rate your provider will charge you once your contract expires and until you sign a new contract or switch providers.

This rate can be higher than what you paid under your contract, as it often reflects current market conditions.

While being on a holdover rate ensures your electricity service continues uninterrupted, it’s usually a good idea to shop for a new contract or provider as soon as possible.

Because holdover rates change monthly, your bill becomes a rollercoaster, destroying your budget.

This is because holdover rates can be more expensive and change from month to month, making your electricity bill unpredictable.

The stress of fluctuating bills isn’t just about money; it adds a layer of anxiety to everyday life.

Switching to Savings on ComparePower

Comparing providers and plans can seem time-consuming and complex, adding to your stress, but don’t worry.

This is where ComparePower comes in. Here you can compare rates and plans from different providers in one place.

We provide clear and detailed information about each plan, helping you make an informed decision with confidence and ease.

When is the best time to switch electricity providers in Texas?

You can switch providers without incurring an early termination charge if the switch is no earlier than 14 days before the contract expiration date provided in the notice.

If you switch before this period, you may have to pay an early termination fee.

What happens to my electricity service when I switch providers?

If you switch providers, your electricity service will continue uninterrupted.

Your new provider will start supplying your electricity once your current contract ends.

Ready to get started? We’ve prepared a comprehensive guide on how to switch energy companies for you. It’s your roadmap to a smooth and hassle-free switch.

Compare Electric Rates & Save👇

Compare and Switch Today

Don’t let your contract expiration date catch you off guard. Compare electricity providers today with ComparePower, and switch to savings.

Remember, the power to choose is in your hands. Make the most of it with ComparePower.

You can avoid an early termination charge if you switch providers no earlier than 14 days before your contract expiration date. However, if you switch before this period, you may have to pay an early termination fee.

When choosing a new provider, consider factors such as the rates they offer, the terms of their contracts, their customer service reputation, and whether their plans fit your energy usage habits.

Support You Can Count On

Do you have more questions or need help finding the right plan for your household? Our local experts are here to help.

Contact us today, and let us guide you through finding an electricity plan that meets your needs and budget.

With our personalized recommendations and transparent pricing, you can shop with confidence and take control of your energy costs.

ComparePower 57500 5-Star Ratings Reviews

Any product or company names, marks, or logos shown on this page are the property of their respective owners. ComparePower is an unaffiliated, independent marketplace. Get unbiased, accurate information backed by our commitment to editorial integrity.

New Electricity Service in Texas

Moving to a new home is an exhilarating journey, but it can also bring its fair share of challenges.

One of the most daunting tasks can be setting up electricity for the first time. In the vast sea of options, it’s easy to feel unsure of where to start.

But don’t worry! We at ComparePower are here to help you navigate the process and ensure you make an informed energy decision.

How to Start Electricity Service in Minutes

Ready to get started? Learn how to choose the right electric plans and quickly start new electricity service for your home ⤵️

Feeling Overwhelmed by Choices and Uncertainty

As you plan to move into your new home in Texas, you’re faced with setting up electricity service. This can be overwhelming, especially if you’re new to the state and don’t quite understand how electricity works in Texas.

Check out New to Texas: Here’s How Electricity Works for essential guidance.

The Power to Choose

In Texas, the freedom to choose your electricity provider is both a blessing and a curse. It offers the freedom to find the best plan for your needs, but with so many options, it can feel overwhelming.

Our article, How to Start Electricity Service in Texas, can guide you through this process, ensuring you make an informed and confident decision.

Warning: Don’t Ignore the Details

When choosing an electricity plan, it’s important to avoid the temptation of focusing solely on the lowest rates. This could lead you to ignore other crucial factors like contract length, usage fees, and the provider’s reputation.

The Consequences of a Hasty Decision

If you make a hasty decision and choose the wrong electricity plan, you might end up with unexpected charges or a provider that doesn’t meet your needs. This could leave you in a worse place than when you started, dealing with a frustrating and costly experience.

User-Friendly Experience on ComparePower

To help you avoid these issues, we at ComparePower have streamlined the process of starting electricity service. Our user-friendly website lets you easily compare plans, pricing, and providers. We provide transparent information about plans and prices, ensuring you know what to expect from each company.

Knowledge is Power

We understand that you may have concerns about how much it costs to start electric service, how long it takes to start electric service, and what you need to start electric service.

Our platform provides all the necessary information to address these concerns, ensuring you have the knowledge and confidence to make the best choice.

Our specialized Apartment Electricity guide will be particularly helpful if you’re moving into an apartment.

Achieving Your Goals with ComparePower

Our mission at ComparePower is to ensure you can start electric service when needed without any unnecessary stress or confusion. Your success is our success, and we measure that by whether you can find the perfect electricity plan for your new Texas home using our website.

Starting Service with Confidence

Using ComparePower, you can rise above the challenges of setting up electricity for the first time. Our user-friendly platform, wealth of knowledge, and commitment to customer satisfaction make it easier than ever to find the best electricity plan for your needs.

For those needing immediate service, our article, Same Day Electricity Service in Texas, provides additional helpful information.

Frequently Asked Questions 

What are the available plans and rates in my area?

Currently, the most affordable fixed-rate electricity plan available on ComparePower starts at 12.30¢ per kilowatt-hour (kWh).
This pricing is notably less than the average Texas residential electricity rate, which stands at 14.58¢/kWh per kWh.

Rates at a Glance

Compare today’s lowest electric rates across different household energy consumption patterns.

City500 kWh1000 kWh2000 kWh
Houston14.80¢11.30¢12.10¢
Dallas14.00¢12.30¢12.10¢
Arlington14.00¢12.30¢12.10¢
Corpus Christi15.40¢12.20¢12.30¢
Plano14.00¢12.30¢12.10¢
Laredo15.40¢12.20¢12.30¢
Garland14.00¢12.30¢12.10¢
Irving14.00¢12.30¢12.10¢
Katy14.80¢11.30¢12.10¢
Grand Prairie14.00¢12.30¢12.10¢

How do I start electricity service?

Enter your zip code on ComparePower to view plans and compare rates near you. Choose a plan and enroll online in minutes.

The cost to start electric service depends on your chosen plan and provider. Some may require a deposit, especially if you don’t have a credit history. ComparePower allows you to view all associated costs with each plan transparently. 

The time to get electricity turned on varies by provider. Some offer same-day activation, while others may take a few days. It’s best to start the process a few days before moving in. 

Yes, with ComparePower, you can easily sign up for electricity online. Enter your zip code, and you will see a list of available plans in your area. 

Generally, you need a valid ID, address, and Social Security Number. Some providers may also require a deposit. 

Consider your usage habits, budget, and preference for green energy options. ComparePower provides all the information you need to compare plans and make an informed decision. 

Yes, many providers offer renewable energy plans. You can use the ComparePower platform to filter your search results to display these options. 

Pay close attention to the terms and conditions of your chosen plan, including any usage fees or penalties. ComparePower provides transparent information about all costs associated with each plan. 

Some providers offer no-deposit plans, especially if you have a good credit history. ComparePower allows you to compare these options. 

Yes, you can switch providers if you’re not satisfied. However, be aware that some plans may have early termination fees. Always read the terms and conditions carefully. 

You can sign up for electricity at any time. However, setting up your electricity a few days before moving into your new home is best to ensure everything works when you arrive. 

Support You Can Count On

Do you have more questions or need help finding the right plan for your household? Our local experts are here to help.

Contact us today, and let us guide you through finding an electricity plan that meets your needs and budget.

With our personalized recommendations and transparent pricing, you can shop with confidence and take control of your energy costs.

ComparePower 57500 5-Star Ratings Reviews

Any product or company names, marks, or logos shown on this page are the property of their respective owners. ComparePower is an unaffiliated, independent marketplace. Get unbiased, accurate information backed by our commitment to editorial integrity.

Solar Panels for Your Texas Home

Thinking about solar panels?

Solar panels can transform your Texas home and save you money in the long term.

Every day more and more homeowners are deciding to install solar panels. With abundant sunshine, Texas is an ideal location for harnessing solar power.

This guide will discuss the costs, benefits, and considerations for Texas homeowners interested in solar panels.

Introduction to Solar Panels for Texas Homes

Solar panels are devices that convert sunlight into electricity for household use. They are typically installed on rooftops or in open spaces where they can receive direct sunlight.

Residential solar panels can reduce dependence on fossil fuels and lower electricity bills for homeowners. They can also provide backup power in case of grid outages or emergencies.

Choosing the Right Solar Panels for Your Home

Before installing solar panels, evaluate your home’s suitability for solar energy. Consider factors such as your roof’s age, shape, slope, and shading. Using a reliable mapping tool can help you determine your solar rooftop potential.

Once you’ve determined your energy needs, consult a certified installer to help you select and install the best solar panels and system sizes for your home. When evaluating solar panel systems, consider the following:

  • Solar panel efficiency
  • Durability
  • Ratings and reviews
  • Warranties
  • Overall quality

Benefits of Solar Panels for Texas Homes

Residential solar panels offer several advantages, including:

  • Reducing your electricity bills
  • Lowering your carbon footprint
  • Decreasing dependence on fossil fuels
  • Increasing your home’s value

Different Types of Solar Panels Explained

Three main types of solar panels are available for residential use: monocrystalline, polycrystalline (also known as multi-crystalline), and thin film.

These solar panels differ in appearance, performance, costs, and manufacturing processes. Depending on the photovoltaic (PV) installation you’re considering, one option may be more suitable than the others.

What are Solar Renewable Energy Certificates?

Solar Renewable Energy Certificates (SRECs) are incentives that reward solar energy producers for contributing to the renewable energy sector. SRECs are issued for every megawatt-hour of electricity generated by a solar system.

Buyback Programs for Homeowners with Solar Panels

If you’re a homeowner with installed solar panels, you may be interested in electricity buyback programs, net metering, or solar buyback programs.

These programs allow you to sell any excess energy your solar panels generate back to the grid, which can help offset your electricity costs and increase the overall value of your solar investment.

Call Reliant at (855) 887-2194 or Green Mountain at (844) 854-2257 and a representatives will guide you through enrolling in your home's best solar buyback plan.

Alternative Renewable Energy Options

If solar panels aren’t right for your home, you can still explore renewable energy plans to save on energy bills and reduce environmental impact. ComparePower can help you find the best renewable energy plan.

Maintenance and Monitoring of Your Solar Panels

Proper maintenance and monitoring are crucial to ensure the efficiency and longevity of your solar panel system. Here are some essential tips for taking care of your solar panels:

  • Keep your solar panels clean
  • Check for shading
  • Monitor your system’s performance
  • Schedule regular inspections

Solar Panels and Home Insurance

When installing solar panels, it’s essential to consider how they may affect your home insurance. Solar panels are usually part of your home’s structure; your insurance policy should cover them.

However, it’s always a good idea to notify your insurance provider about your solar panel installation and discuss any potential changes to your coverage.

DIY Solar Panels: Pros and Cons

Building your solar panels may seem attractive to those who enjoy DIY projects. While it’s possible to create DIY solar panels, there are some critical factors to consider:

  • DIY solar panels may not be as efficient as professionally manufactured panels.
  • Building and installing solar panels can be complex and time-consuming.
  • You may not be eligible for tax credits or incentives if you build your solar panels.
  • DIY solar panels may not come with warranties or guarantees.

Before embarking on a DIY solar panel project, weigh the pros and cons and consider whether the potential savings are worth the time, effort, and potential risks.

FAQs for Texas Homeowners

Solar panels can be a significant investment, but they offer numerous benefits for Texas homeowners. By harnessing the sun’s power, you can reduce energy bills, increase your home’s value, and contribute to a greener future.

With careful planning, research, and professional guidance, you can choose the right solar panel system for your home. Here are some common questions Texas homeowners have about solar panels and renewable energy:

The cost of solar panels varies depending on several factors, such as location and the number of solar panels needed. On average, solar panel installation and the system can run from $15,000 to $25,000. However, several incentives can help offset the cost of solar panels and make them more affordable.

The federal government offers a 26% tax credit for installing residential and commercial solar systems before the end of 2023. Depending on where you live, you may qualify for state or local incentives, such as rebates, grants, loans, property tax exemptions, sales tax exemptions, and net metering.

If you’re still deciding whether solar energy is the right choice for your home, there are alternative ways to save on your energy bills and reduce your environmental impact without the significant upfront cost of installing solar panels. You can find the best renewable energy plan for your needs by determining your energy usage, researching available plans, using online comparison tools, reading customer reviews, and evaluating contract terms and conditions.

Proper maintenance and monitoring are crucial to ensure the efficiency and longevity of your solar panel system. Here are some essential tips for taking care of your solar panels:

  • Keep your solar panels clean: Dust, dirt, and debris can accumulate on them, reducing efficiency. Clean them regularly with water and a soft brush, or hire a professional solar panel cleaning service.
  • Check for shading: Make sure trees, buildings, or other structures aren’t casting shadows on your solar panels, as shading can impact their performance. Trim any overgrown trees or branches to maximize sunlight exposure.
  • Monitor your system’s performance: Keep an eye on your solar panel system’s output and watch for any sudden drops in efficiency. Most modern solar panel systems have monitoring software, allowing you to track their performance remotely.
  • Schedule regular inspections: Have a professional solar panel technician inspect your system annually to identify potential issues and ensure optimal performance.

The suitability of your roof for solar panels depends on factors such as the roof’s age, shape, slope, and shading. A certified installer can assess your home’s suitability for solar energy and help you select the best solar panels and system sizes.

Three main types of solar panels are available for residential use: monocrystalline, polycrystalline (also known as multi-crystalline), and thin film. These solar panels vary in appearance, performance, costs, and manufacturing methods. Depending on the photovoltaic (PV) installation you’re considering, one option may be more suitable than the others.

Solar panels typically have a lifespan of 25 to 30 years. However, their efficiency may decrease slightly over time. It’s important to regularly maintain and monitor your solar panel system to ensure optimal performance and longevity.

Support You Can Count On

Do you have more questions or need help finding the right plan for your household? Our local experts are here to help.

Contact us today, and let us guide you through finding an electricity plan that meets your needs and budget.

With our personalized recommendations and transparent pricing, you can shop with confidence and take control of your energy costs.

ComparePower 57500 5-Star Ratings Reviews

Any product or company names, marks, or logos shown on this page are the property of their respective owners. ComparePower is an unaffiliated, independent marketplace. Get unbiased, accurate information backed by our commitment to editorial integrity.

Clever Ways to Lower Your Texas Electricity Bill

As spring unfolds in Texas, we’re treated to pleasant temperatures, colorful blossoms, and sun-filled days.

It’s the perfect time to explore energy-saving opportunities and lower your electricity bill.

While we bid farewell to winter and enjoy the warmer days ahead, let’s explore some practical tips to keep those pesky electricity bills in check. Ready? Let’s dive in!

Shop Around for the Best Electricity Plans

The competitive electricity market in Texas allows you to choose from various providers and plans. Check your electricity contract end date.

If your electricity contract has expired or expiring soon, it’s time to re-shop and save money by finding a deal that suits your needs and budget.

You can compare electricity rates, contract lengths, renewable energy options, and more with Compare Power. By switching to a more affordable energy plan, you could save a substantial amount on your electricity bill.

Embrace Natural Ventilation and Cooling

Make the most of spring’s fresh air and cool breezes by opening windows and doors instead of relying on heaters or air conditioners.

Using fans, blinds, curtains, and shades helps regulate temperature and airflow in your home.

Keep your air conditioner well-maintained and set it to a reasonable temperature. Remember that every degree above 78°F saves you up to 7% on cooling costs.

Opt for Energy-Efficient Appliances and Lighting

Upgrading to energy-efficient appliances and lighting can significantly impact your electricity bill. Look for ENERGY STAR-labeled appliances which meet the EPA’s strict energy efficiency standards.

Switch to LED bulbs, which use 80% less energy and last up to 25 times longer than incandescent bulbs. Plus, they produce less heat, helping to keep your home cooler.

Maximize savings by turning off or unplugging devices when not in use. Power strips and smart plugs make it easy to control multiple devices with one switch or an app.

Your Turn to Save

Spring offers a fantastic opportunity to save on your electricity bill in Texas. Follow these simple strategies:

  • Compare electricity plans and providers.
  • Utilize natural ventilation and cooling.
  • Upgrade to energy-efficient appliances and lighting.

These steps can significantly lower your electricity consumption while maintaining comfort and convenience in your home.

Support You Can Count On

Do you have more questions or need help finding the right plan for your household? Our local experts are here to help.

Contact us today, and let us guide you through finding an electricity plan that meets your needs and budget.

With our personalized recommendations and transparent pricing, you can shop with confidence and take control of your energy costs.

ComparePower 57500 5-Star Ratings Reviews

Any product or company names, marks, or logos shown on this page are the property of their respective owners. ComparePower is an unaffiliated, independent marketplace. Get unbiased, accurate information backed by our commitment to editorial integrity.

Texas Electricity Market Update

The Public Utility Commission of Texas (PUCT) has released its 2023 biennial report, highlighting updates and improvements made in the state’s electric market. Read on for key takeaways.

Reforms to Strengthen Power Grid

Texas has taken significant steps to address the shortcomings that led to widespread power outages during Winter Storm Uri in February 2021. The state’s Public Utility Commission (PUCT) has implemented several reforms to strengthen the power grid and ensure that market participants can meet their financial obligations.

In February 2021, Texas faced one of the worst winter storms in its history, causing a massive power outage that lasted for days. As a result, the Public Utility Commission of Texas (PUCT) has implemented several changes to prevent a similar event from happening in the future.

Credit Requirements for Market Participants

One of the main issues during Winter Storm Uri was that many market participants were unable to pay their counterparts for the power they had procured from the Electric Reliability Council of Texas (ERCOT) to serve their consumers. The PUCT and ERCOT have since determined that unsecured credit limits are inconsistent with actual creditworthiness. Therefore, ERCOT has implemented changes requiring market participants to provide additional financial collateral to prevent defaults from being shifted to consumers.

Securitization

To address the debts accrued due to Winter Storm Uri, the Texas Legislature passed a law allowing for debt-obligation bonds. This allows affected companies to spread the repayment of these debts over time, rather than bill consumers in one lump sum, stabilizing the financial foundation of the ERCOT market while dampening the high cost to consumers.

Power Outage Alert System

The PUCT has adopted a rule to establish criteria for alerting Texans prior to potential regional and statewide power outages. This alert system will notify consumers of the possibility of outages in their region, locations to receive assistance if an outage occurs, and other relevant information.

Transmission

The PUCT has taken steps to fortify the transmission system in the Rio Grande Valley, including ordering a second circuit to be built in an existing right of way to send additional power to the region. The PUCT has also introduced a consumer economic benefit test for new transmission projects, identifying lines where the construction cost will be offset by congestion cost savings.

ERCOT Governance

The PUCT has made fundamental changes to the governance of ERCOT, restructuring the ERCOT Board of Directors to be comprised only of independent board members appointed by a selection committee and subject to specific qualifications. The Board has approved amendments conforming to the ERCOT Bylaws to the legal requirements imposed by these changes.

Interconnection

The PUCT has reviewed data regarding the interconnection of ERCOT to neighboring grids and has discussed legal considerations regarding further interconnections and FERC jurisdiction over ERCOT. ERCOT currently has three DC ties and one VFT connecting it to adjacent grids, with two additional DC ties pending regulatory approval.

Conclusion

These reforms have significantly strengthened the power grid and will ensure that Texas is better prepared to withstand extreme weather events. While there is still work to be done, the PUCT’s efforts to improve the state’s power infrastructure will provide Texans with greater reliability and stability in the years to come.

Support You Can Count On

Do you have more questions or need help finding the right plan for your household? Our local experts are here to help.

Contact us today, and let us guide you through finding an electricity plan that meets your needs and budget.

With our personalized recommendations and transparent pricing, you can shop with confidence and take control of your energy costs.

ComparePower 57500 5-Star Ratings Reviews

Any product or company names, marks, or logos shown on this page are the property of their respective owners. ComparePower is an unaffiliated, independent marketplace. Get unbiased, accurate information backed by our commitment to editorial integrity.

TLDR: Maximize winter energy savings by using your home’s historical kWh usage to find the best energy plan. Comparing energy plans with your electricity usage can lead to lower energy bills and more informed decision-making. Learning energy-saving tips and regularly reviewing your plan can also help reduce costs.

Maximizing winter energy savings

Winter months can bring great joy with the festive season, but they can also be harsh on your wallet due to increased energy consumption. Heating homes and offices can consume a lot of energy and significantly increases energy bills. With energy prices constantly fluctuating, finding an energy plan that fits your usage and budget is more important than ever. This is where your historical kWh usage comes in.

Understanding historical kWh usage

A kilowatt-hour is a unit of energy used to measure electricity consumption. Your historical kWh usage data records how much energy you have consumed over a specific period, typically one year. This data lets you find the perfect energy plan by comparing energy plans according to how you use electricity.

To access your historical kWh usage data, check your monthly energy bills or log into your energy provider’s account dashboard. Understanding this data is important in finding an energy plan that fits your usage and reduces energy bills.

How to use historical kWh usage to find the perfect energy plan

Comparing Texas electricity rates based on your historical kWh usage is easy. Start by collecting your historical kWh usage data monthly for one year. Enter your usage history on ComparePower’s historical usage calculator. Compare plan prices based on your historical kWh usage.

Comparing energy plans with your historical kWh ensures that you select a plan that fits your consumption pattern, reduces energy bills, and helps you make an informed decision based on your actual usage rather than just an estimated average.

Check out this short 2-minute video to learn how shopping with your usage works on ComparePower.

What length plan should I choose?

A common question we get when switching is the term length of the contract.

Is it best to choose a 12, 24, or 36-month plan? The length of your energy plan depends on your individual needs and preferences.

A 12-month plan offers stability, predictability, and the flexibility to shop again in 12 months.

A 24-month plan provides a longer period of stability in energy rates, but you may miss out on lower energy bills if rates go down.

A 36-month plan offers the longest period of rate stability. This term is ideal if you find a rate you like and prefer to lock that in for an extended period.

It can be difficult to predict electricity prices as supply and demand, fuel prices, government regulations, and weather conditions influence them. The energy market is highly dynamic and constantly changes, making it challenging to predict future prices accurately.

Ultimately, assessing your energy needs and considering the current market rates is best before deciding on a plan length. You may also want to consider the plan’s flexibility and the penalty fees for early termination.

When can I switch providers?

While you can switch electricity plans at any time, it is important to note that some providers may charge an early termination fee (ETF) if you end your contract before the end of the term.

The ETF is designed to compensate the provider for any losses they may incur from ending the contract early.

Before switching plans, be sure to review the terms and conditions of your current contract and consider the ETF fees involved.

In some cases, the potential savings from switching to a new plan may outweigh the ETF fees, so it’s important to do the math and weigh your options carefully. You can quickly do the math with ComparePower by plugging in your kWh usage and letting us crunch the numbers for you.

It is also worth noting that some providers may offer ETF-free plans, so be sure to consider all your options and choose the plan that best meets your needs and budget.

Starting service for a new home

If you don’t have access to the previous usage history for your new home, you can estimate your electricity usage. You can also ask the previous landlord for a copy of their kWh usage history for 12 months.

Tips to maximize savings this winter

Aside from finding the perfect energy plan, several other tips can help you maximize your energy savings this winter.

First, familiarize yourself with the different types of energy plans and rates available. There are fixed-rate, variable-rate, and prepaid plans, each with advantages and disadvantages.

Conserving energy and reducing usage during winter is another way to reduce energy bills. Simple changes, such as lowering your thermostat, sealing drafty windows, and using energy-efficient lighting, can help you save electricity.

Finally, it’s important to regularly review and adjust your energy plan to ensure you are always getting the best deal.

Support You Can Count On

Do you have more questions or need help finding the right plan for your household? Our local experts are here to help.

Contact us today, and let us guide you through finding an electricity plan that meets your needs and budget.

With our personalized recommendations and transparent pricing, you can shop with confidence and take control of your energy costs.

ComparePower 57500 5-Star Ratings Reviews

Any product or company names, marks, or logos shown on this page are the property of their respective owners. ComparePower is an unaffiliated, independent marketplace. Get unbiased, accurate information backed by our commitment to editorial integrity.

Published on January 25, 2023

Texas Commission Approves Performance Credit Mechanism

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.

Support You Can Count On

Do you have more questions or need help finding the right plan for your household? Our local experts are here to help.

Contact us today, and let us guide you through finding an electricity plan that meets your needs and budget.

With our personalized recommendations and transparent pricing, you can shop with confidence and take control of your energy costs.

ComparePower 57500 5-Star Ratings Reviews

Any product or company names, marks, or logos shown on this page are the property of their respective owners. ComparePower 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.

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.

To learn more, visit Tesla Electric.

Tesla Energy Plans FAQs

What is the Tesla energy plan?

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.

Support You Can Count On

Do you have more questions or need help finding the right plan for your household? Our local experts are here to help.

Contact us today, and let us guide you through finding an electricity plan that meets your needs and budget.

With our personalized recommendations and transparent pricing, you can shop with confidence and take control of your energy costs.

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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.

Support You Can Count On

Do you have more questions or need help finding the right plan for your household? Our local experts are here to help.

Contact us today, and let us guide you through finding an electricity plan that meets your needs and budget.

With our personalized recommendations and transparent pricing, you can shop with confidence and take control of your energy costs.

ComparePower 57500 5-Star Ratings Reviews

Any product or company names, marks, or logos shown on this page are the property of their respective owners. ComparePower 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,

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