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Is the Gexa Energy Saver right for you?
If you’ve been shopping around for a new electricity plan, chances are you’ve seen Gexa’s Energy Saver plan advertised and are wondering if it would be right for your home.
The word free is always eye-catching, and the two free Emerson Sensi smart thermostats with Gexa Energy’s Energy Saver 24 plan, estimated at $550 in value, are no exception.
Who doesn’t like free stuff?
As a bonus, the Gexa Energy Saver 24 plan is powered by 100% green energy.
What to consider: Gexa Energy can adjust your smart thermostats during high energy demand. If you don’t like your electricity company changing your home’s temperature, you should steer clear of this plan.
Additionally, only single-family homeowners are eligible to receive free thermostats. Anyone living in an apartment or renting a home is out of luck.
If you dig into the actual cost of the Energy Saver 24 plan, you’ll quickly see that free products won’t save you any money in the long run.
Almost every time you see free products advertised with an electricity plan, the cost is “baked-in” to the rate you’ll end up paying.
Retail electricity providers (REPs) are more than happy to offer up free stuff if it means they catch your eye and get you to sign up for an expensive electricity plan.
So is Gexa’s Energy Saver 24 plan right for you?
Unless you need two smart thermostats, you are better off enrolling in a different electricity plan.
You can quickly find the right plan for your home by entering your historical usage. It takes 5 minutes to find your best plan here with your usage.
What is the Gexa Energy Saver?
The Gexa Energy Saver plan is a simple, fixed-rate electricity plan that includes two free Emerson Sensi Touch WiFi smart thermostats.
Important: Only single-family homeowners can receive the Emerson Sensi smart thermostats. Apartments, multifamily, and other premises rented by the electricity customer are not eligible for this offer.
The plan is available for a 24-month term, features 100% green energy, and claims to save up to 23% on heating and cooling costs thanks to smart thermostats.
Gexa Energy calculates the savings by comparing operation time for a nationwide sample of Sensi users, with temperature adjustments averaging four degrees compared to users with no adjustments.
The Sensi thermostats allow for remote control of your home temperature, and Gexa Energy automatically adjusts your home’s temperature during times of high demand to help optimize your energy usage.
The plan also comes with Gexa Energy’s 60-day Happiness Guarantee, which allows you to switch to any other Gexa Energy plan without an early termination fee if you aren’t happy with the Energy Saver 24 plan.
New residential customers who sign up on Gexa’s site and use the promotional code also receive a $100 Visa Reward card.
Before buying into the advertising hype, enter your electricity usage, and we’ll show you a detailed pricing breakdown for every plan.
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 ⤵️
How does Gexa’s Energy Saver plan work?
The Energy Saver 24 plan is a simple, fixed-rate electricity plan from Gexa Energy that lets you lock in 100% green electricity for two years.
With the Energy Saver 24 plan, you get two free Emerson Sensi Touch WiFi smart thermostats and professional installation. Delivery and installation can take four to eight weeks, according to Gexa.
Gexa Energy maintains the ability to adjust your thermostat during times of peak energy demand to help you manage your energy usage. You can manually adjust your thermostat at any time.
With an average adjustment of four degrees, Gexa claims users can save up to 23% on heating and cooling costs throughout the year.
Charges breakdown
The Energy Saver 24 plan is advertised at 17.6 cents per kilowatt-hour (kWh) at 1000 kWh usage for the Oncor service area.
On the Electricity Facts Label (EFL), Gexa Energy lists the energy charge at 13.37 cents per kWh.
The pricing structure is relatively straightforward, meaning the rate you pay for electricity gets cheaper as you use more electricity.
You’ll also see charges from the Transmission and Distribution (TDU).
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.
Other fees
The Energy Saver 24 plan has an early termination fee of $295.
In the Terms of Service, Gexa Energy lists additional fees for late payments, disconnection notices, suspensions or disconnections of service, reconnections, additional bill copies, and insufficient funds.
How much does Gexa’s Energy Saver 24 cost?
Gexa Energy currently advertises the Energy Saver 24 plan at 17.6 cents per kWh at 1000 kWh monthly usage in the Oncor service area.
Important: The cost of the free thermostats and installation is factored into the price of the Energy Saver 24 plan. Gexa Energy has ensured that they are not losing money by including that cost in the electricity rate you will pay.
Average Texan
Are you similar to the average Texan? According to eia.gov, the average Texan paid 12.8 cents per kWh for electricity in 2021.
With average usage of 1,132 kWh per month, the average Texas electricity bill would be right around $144.90 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.
Energy Saver 24
Compared to the Texas average, Gexa’s Energy Saver 24 plan is more expensive at 17.6 cents per kWh advertised at 1000 kWh usage.
If you input 1,132 kWh of usage on ComparePower, the rate for electricity falls in line with the advertised price. Your estimated bill would be $198.81 per month if you used precisely 1,132 kWh of electricity throughout the year.
That’s almost 37% more than the average Texan paid last year on electricity bills.
On ComparePower, you can find plans that could save you up to $500 a year compared to Gexa Energy’s Energy Saver 24 plan. That almost completely covers the cost of the thermostats that you get for free with the Energy Saver 24 plan.
Remember, you need to shop with your usage to ensure you are not overpaying for electricity.
The “free” products offered from certain plans could cost you significant money, especially if you are locked into that plan for two years.
Is Gexa’s Energy Saver plan worth it?
The main selling point for the Energy Saver 24 plan is the two free Emerson Sensi smart thermostats you get delivered and installed. The thermostats and installation are estimated at up to $550.
Current pricing shows the Energy Saver 24 plan starting at 17.6 cents per kWh for 1000 kWh monthly usage in the Oncor service area.
With a quick search on ComparePower, you can find other 100% green plans that start at 13.6 cents per kWh.
These plans could save you almost $500/year compared to the Energy Saver 24 plan. That’s upwards of $1,000 in savings throughout the Energy Saver 24 contract.
Generally speaking, any electricity plan that offers free products has included the cost of those free products in your electricity rate. You end up paying more for electricity throughout the year, thinking you are getting something for free.
If you want free products, sign up for the Energy Saver 24 plan from Gexa Energy.
If you’d rather save time and money, enter your zip code and find the right plan for your home in as little as five minutes here on ComparePower.
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