Electricity Rate in Texas
Electricity Rate. Which is the best?
Unfortunately we can get the lowest energy rates or tariffs if we have great credit.
Lots of times we are thinking or trying to get the lowest electricity rate but at what cost? The real question is; can anyone get the lowest kilowatt rate?
The answer is yes but a certain cost. Energy companies plan their energy rates depending on several factors, the one that matter the most to us is if we deserve a low kilowatt rate that we want. In other words, the electricity companies choose to give the lowest rates for trustworthy customers and they figure this out with credit score and credit history. Also they foresee the length of the electricity contract. So, unfortunately the best and lowest energy rates are for those who have excellent credit or are willing a high deposit.
- Fixed Electricity Rate
Be careful when you ask this, be sure the sales agent is giving you average energy rate, which is the ENERGY RATE PLUS the UTILITY DELIVERY CHARGE. When a new energy customer wants an energy fixed rate, an energy contract must be in place. For this, the electric companies will do a credit assessment, here we will determine if a deposit will be needed or not, lack of social security number is (almost) as bad as NO CREDIT. The deposit amount will be depending on credit score, bill payment history, service area, if the electricity service is for a house, apartment or mobile home. Yes, best rates without a deposit is for the ones with excellent credit. However, we manage one to have one of the lowest on the market, in most cases is just $75 (apartments, and no cheating, the systems knows what kind of residence it's installed in).
- Variable Electricity Rate.
If the customer is not willing to be locked in an energy contract, he has to go with prepaid electricity which the kilowatt rate will be variable, it does not fluctuate much but it changes without notice. This product is more expensive because the energy companies are uncertain for how long the customer will stay active. Connecting and disconnecting costs are absorbed by the electric companies. Electricity rate goes a little higher, no credit assessment is needed, not even an ID is asked for. This energy product will not send you a monthly bill, only text or email notifications, which is not bad because you can see your energy spend and try to lower it every day, this way you force yourself to save energy. As the name says "PREPAID ENERGY" a minimum payment has to be made to start the service, not as a deposit, the customer is buying energy in advance at the energy rate that day was sold. It's up to you, you can be paying as low as $1 or $2 per day as I do.
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