Category: Switching

Everything you need to know about switching electricity providers and energy plans in Texas.

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The Texas Guide to Switching Providers

Feel trapped by expensive electricity rates? You’re not alone. Many Texans struggle with high utility bills and confusing contracts. But you have the power to make a change for the better.

This comprehensive guide will walk you through the process of switching electric companies in Texas with no interruptions in service. Follow these steps and you’ll be on your way to potential savings and peace of mind.

Key Takeaways

  • Switching providers when your contract ends is straightforward and can potentially save you money.
  • Switching is easy – the new provider handles everything including notifying your old one.
  • Compare rates using your usage history to find a plan that fits your needs and budget.
  • Fixed-rate plans can offer stability even as rates rise, starting at just 12.30¢/kWh vs. the 14.25¢/kWh average rate in Texas.
Jeannette Zimmerman

I have been comparing rates over the past 6 months with Compare Power. Finally, the rates were right and it was time to lock it in and switch. The switch request was SO SIMPLE, made a lot of sense. Do you want to start the switch this week or specific date? Click here to confirm switch to this provider. Confirm email and DL number, submit. Easy as 1-2-3!

Jeannette Zimmerman

How to Switch Electric Companies

Switching electric companies in Texas is straightforward when you time it right. Follow these steps near your contract end date to seamlessly transition to a new provider and unlock potential savings. You have the power to choose.

Step-by-Step Guide to Switching

Total Time: 10 minutes

  1. Know Where You Stand Now

    Enter Your Zip Code

    Before anything else, take stock of your current electric plan by looking at recent bills and checking your usage on Smart Meter Texas. This insight arms you to pick the right new plan.

  2. Compare Your Options

    electricity usage

    Shop for new plans within 14 days before your contract ends. This critical timing lets you avoid early termination fees. Use ComparePower to contrast rates and find possible savings.

  3. Make the Switch

    Compare Electric Plans

    On or before your end date, sign up for your new electric company online or by phone. Enjoy a seamless transition as they handle everything, including notifying your old provider.

  4. The Power is Yours

    Choose a New Plan

    Congratulations, you did it! Now you can look forward to potential savings and better service. Check your new account online to monitor usage and payments going forward.

Supply:

  • Your Address
  • Drivers License
  • Social Security Number

Tools:

  • A desktop, laptop, tablet or mobile phone with internet access.

Materials: ComparePower is all you need to switch electricity providers in Texas.

This 2-minute video explains what you need to know to switch with confidence ⤵️

S. Kirkland 1

I needed to shop for a new energy company and stumbled upon this website. I was able to provide some data and they shared several options for new energy companies. Once I decided which company I wanted the process to switch over was very easy. I will use this site in the future should I need to switch energy companies again.

S. Kirkland

Shopping Considerations

Once you’re familiar with the steps, let’s dive into some shopping considerations to help you make an informed decision:

  • Understand Your Usage: Know your usage pattern to choose the right plan.
  • Compare Rates: Rates vary significantly between providers. Compare to find the best deal.
  • Plan Types Explained: Understand the differences between fixed-rate, variable-rate, indexed, and renewable energy plans.
  • Contract Length: Be comfortable with the contract length, usually 12, 24, or 36 months.
  • Avoid Early Termination Fees: Check for any early termination fees if you switch before your contract ends.
  • Additional Fees and Hidden Costs: Read the fine print for any extra fees.
  • Rewards or Incentives: Consider benefits like bill credits or free nights and weekends.

Renewable Energy Options

Texas offers renewable energy plans for those interested in supporting clean energy. Explore options that align with your environmental values.

Avoiding Pitfalls

  • Hidden Fees: Watch out for hidden fees and tiered-rate structures.
  • Understanding ETFs: Know the conditions for early termination fees.
  • Utilizing Online Marketplaces: Platforms like ComparePower simplify the process.

Next up: Save with Usage-Based Shopping

Learn how shopping with your kWh usage can help you save money on your energy bill in Texas.

Switch Electric Companies with ComparePower

Ready to make the switch? ComparePower is here to help. With our comparison tool, you can find the best electricity provider for your needs. Don’t wait. Start saving on your energy bills today.

Switch electric companies today.

Common Questions About Switching

Switching electric companies in Texas? You likely have questions. From understanding contract terms to exploring renewable options, we’ve gathered the most common inquiries to guide you through the process. Here’s everything you need to know to make an informed switch.

Is it safe to switch electricity companies?

You might wonder, is switching electric companies safe? The answer is yes. The Public Utility Commission of Texas regulates the process, ensuring your rights are protected. Plus, there’s no interruption in service when you switch.

What happens if I don’t switch electricity providers?

If you don’t switch at the end of your contract, your current company will transfer you to a holdover rate. Holdover rates are variable and change each month. They are usually expensive, and you could face a high bill before you know it.

How long does it take to switch electric companies?

The switch usually takes a few days to a week, depending on the provider. There’s no interruption in service during the transition.

Will I need new equipment or wiring when I switch?

No, switching providers doesn’t require any changes to your home’s wiring or equipment. The transition is handled electronically.

Can I switch back to my old provider if I’m not satisfied?

Yes, you have 3 days to switch back without penalty. Beyond that timeframe, you have to be mindful of contract terms, early termination fees, or waiting periods that may apply.

How can I avoid early termination fees when switching?

You can avoid early termination fees by switching within 14 days of your contract’s end date or by choosing a plan without such fees.

Do I need to notify my current provider when I switch?

No, your new provider will handle the transition, including notifying your current provider.

What if I’m moving to a new address in Texas?

If you’re moving, you can choose a new provider for your new address.

How do I know if a plan’s rate is a good deal?

Compare the plan’s rate with your historical usage, consider additional fees, and compare it to other available plans using tools like ComparePower.

Can I switch providers if I have a prepaid or month-to-month plan?

Yes, prepaid and month-to-month plans typically allow you to switch providers at any time without penalties.

What happens if I switch providers and then my rates increase?

If you have a fixed-rate plan, your rate won’t change during the contract term. If you have a variable-rate plan, rates may fluctuate. Understanding the plan’s terms can help you anticipate potential changes.

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 help you find 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.

Stuck in an Electricity Contract?

Are you feeling trapped in your current electricity contract and wondering how to get out of it?

You’re not alone.

Many Texans find themselves in a similar situation, looking for ways to escape unfavorable terms or high rates.

But here’s the good news: there are ways to break free, and we’re here to guide you through them.

In this guide, we’ll provide the insights you need to navigate Texas’s complex world of electricity contracts, empowering you to take control of your energy needs.

TL;DR: In Texas, you can cancel your contract when you move, no questions asked. You can switch plans up to 14 days before your contract ends without a penalty. Sometimes, paying an early termination fee and switching plans could save you money in the long run.

Not ready to start shopping yet?

Enter your email, and we’ll remind you to shop for a new plan before your contract ends.

Mailchimp in contract

Understanding Your Contract

The first step in breaking free from an electricity contract is understanding the terms and conditions of your agreement.

It’s crucial to know the length of your contract, the cost per kilowatt-hour (kWh), and any penalties or fees associated with early termination.

This knowledge is your power.

In Texas, electricity contracts can range from month-to-month plans to fixed-rate contracts that last several years.

The cost per kWh can also vary greatly depending on the time of use, the type of plan, and the provider.

Understanding these details can help you decide whether to stay with your current plan or look for a better option.

Watch Out for Fees

Most electricity contracts in Texas include an Early Termination Fee (ETF). You’ll incur this charge if you end your contract before its term.

But don’t worry; there are ways to avoid this fee.

Depending on the provider and your contract terms, ETFs can range from $50 to several hundred dollars.

Moving: Your Ticket to Freedom

If you’re moving to a new location in Texas, you have the right to cancel your electricity contract without incurring any penalties.

Once you provide a forwarding address, your current provider cannot charge you an ETF.

This allows Texans to switch plans without any costs. It’s an excellent opportunity to reassess your energy needs and find a better deal.

Your current electricity provider will likely try to convince you to transfer your service when you move but don’t give in.

Compare your options and find the right plan for your new home so you don’t get stuck with high bills.

Considerations for Ending Your Contract Early

If you’re thinking about ending your contract early, there are several factors you should consider:

  1. Cost of Early Termination Fee (ETF): Compare the cost of the ETF with the potential savings from switching to a new provider. If the savings outweigh the fee, switching might be worth it.
  2. Quality of Service: If you’re unsatisfied with the service from your current provider, it might be worth paying the ETF to switch to a provider with better customer service.
  3. Rate Changes: If electricity rates have dropped significantly since you signed your contract, it might be worth it to pay the ETF and switch to a plan with a lower rate.
  4. Contract Length: If you’re close to the end of your contract, it might be better to wait until the contract ends to avoid the ETF.
  5. Moving: If you plan to move soon, you can cancel your contract without any penalties, making it an ideal time to switch providers.

Your Ally in the Electricity Market

ComparePower simplifies the process of shopping for electricity in Texas.

Our platform allows you to compare rates from different plans, helping you find the best deal for your needs.

We understand the complexities of the energy market and are committed to guiding you through every step of the process.

With ComparePower, you can choose the best plan for your needs, saving time and effort by comparing multiple providers in one place.

Take the Next Step with ComparePower

Ready to break free from your electricity contract? ComparePower is here to help.

We’re always here to answer any questions you may have. Start your journey to a better electricity plan with ComparePower today.

Find Your New Plan Today

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 help you find 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.