How to Ensure You're Getting the Best Deal

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.

Is Your Electricity Plan a Good Fit for Your Lifestyle?

We’ve all been there – that moment when you open your electricity bill and think, “How did it get so high?”

It’s frustrating, but don’t worry.

Just like finding the perfect pair of jeans, you can find an electricity plan that fits your unique usage patterns and helps you save money.

Electricity Plans 101: Understanding the Basics

Before we analyze your bills, let’s cover some fundamentals of the electricity plan.

You’ll want to understand your plan and how it works so you know what to watch out for.

Fixed Rate Plans

Your price per kilowatt-hour (kWh) – the unit used to measure electricity usage – stays the same throughout your contract.

It’s predictable and helpful during those months when the Texas weather gets slightly crazy.

Variable Rate Plans

Your rate changes based on the energy market. Sometimes, it can be lower, but be prepared for higher bills during peak usage times.

Minimum Usage Bill Credit Plans

Your price depends on how much electricity you use each month. You might get a discount for staying within a specific usage range, but going over could cost you more.

Time-of-Use (TOU) Plans

With TOU plans, you’ll have different rates for different times of the day.

You could save a lot by shifting energy-hungry tasks like running the dishwasher or doing laundry to “off-peak” hours when rates are lower.

However, this might not be the best fit if your household runs on a 9-to-5 schedule.

Analyzing Your Bills: Quick-Start Guide

Are you leaving money on the table? Play detective with your old electricity bills to find out.

1. Gather a year’s worth of bills. This will help you see how your usage changes with the seasons.
2. Create a simple spreadsheet. List out your average kWh usage for each month. This will give you a clear visual of the peaks and valleys you use.
3. Break down your bills. Look at how much of your bill goes toward actual energy costs and how much is just fees. This will help you understand if switching plans could save you money.
4. Compare your usage to your current plan. Is your plan working with your usage habits, or are you constantly struggling to stay within certain limits to avoid higher rates?

The Importance of Regular Electricity Plan Reviews

It would help if you didn’t stick with the same electricity plan year after year without reviewing your options.

Make a habit of checking your bills and comparing plans every 6-12 months.

This way, you can ensure you’re always getting the best deal and that your plan continues to fit your lifestyle and usage patterns.

When Should You Consider Switching Electricity Plans?

• Life changes: Did you move to a bigger home? Did you start working from home? Significant lifestyle changes can mean your old plan isn’t the best fit.
• Always going over your usage tier: If you constantly miss out on that discount, a plan with a different structure could help you save in the long run.
• Better deals are out there: The Texas electricity market is constantly changing. Even if your current plan is okay, taking a quick look at other options could mean significant savings.
• Your contract is ending soon: When your current contract is about to expire, it’s the perfect time to reassess your plan and see if there are better options available.

How to Compare Electricity Plans

1. Let us do the heavy lifting: We’ll show you each plan’s estimated monthly and yearly costs based on your unique usage patterns.
2. Look for plans with features that fit your lifestyle: If you’re often away from home, a plan with a low base charge might be best. If you work from home, look for plans with free electricity during certain hours.
3. Read the fine print: Ensure you understand any fees, discounts, or other terms that could impact your bill.

Seasonal Tips for Optimizing Your Electricity Usage

If you’re not ready to switch plans just yet, implementing these seasonal energy-saving tips can help you manage your electricity costs:

• Summer: Set your thermostat a few degrees higher, use ceiling fans to cool rooms, and keep blinds closed during the hottest parts of the day.
• Winter: Lower your thermostat, seal any drafts around windows and doors, and use warm blankets instead of space heaters.
• Year-round: Replace old light bulbs with energy-efficient LEDs, unplug appliances when not in use, and use smart power strips to reduce phantom energy drain.

Take Control of Your Electricity Bills Today

Finding the right electricity plan is crucial for avoiding high bills and reducing stress.

By understanding the different types of plans, analyzing your usage patterns, and regularly reviewing your options, you can make informed decisions that save you money.

Remember, you don’t have to settle for a plan that doesn’t fit your needs.

Use ComparePower to find the best plan for your lifestyle.

And if you’re not ready to switch just yet, implementing seasonal energy-saving tips can help you manage costs.