Do You Want a No Gimmick Fixed Rate?
A no gimmick fixed rate plan can make it easier to understand your electric company bill. Instead of tracking bill credits or usage tiers, you simply pay the advertised energy rate plus delivery charges. Since Oncor delivers power across much of North Texas, customers in its service area have many fixed rate plans to choose from. The key, then, is just finding one with a low price and features that fit your needs.
Many shoppers focus on the cheapest electricity advertised rate. However, that number does not always tell the whole story. Some plans include bill credits that only apply at certain usage levels. Others have pricing tiers that make your bill change from month to month. But, a true fixed rate plan avoids those surprises and gives you more predictable costs.
Why Fixed Rate Plans Are Easier To Understand
A fixed rate plan keeps the energy charge the same throughout your contract. Your monthly bill will still change as you use more or less power, but the price for each kilowatt-hour stays steady. That makes it easier to estimate your monthly costs.
Every customer in the Oncor service area also pays the same regulated delivery charges. Those transmission and delivery charges are set by regulators, not by your retail electricity provider. Because of that, the biggest difference between fixed rate plans is usually the energy charge and any extra rewards.
Five Cheapest No Gimmick Fixed Rate Plans
Champion Energy Services has two of the cheapest no gimmick fixed rate plans. Both boast rates of 13.0 cents per kWh. Although the EV Saver-12 plan appeals to electric vehicle owners, both plans have essentially the same contract terms. You don’t need an EV to enjoy this company’s low rates.
APG&E, Chariot Energy, and Energy Texas all have fixed rate plans with rates of 13.6 cents. So, you have plenty of options with competitive pricing.
Price matters, but it should not be your only consideration. A slightly higher energy rate may come with rewards that save you money over the life of the contract. At the same time, a plan without extra perks may still be the better choice if you simply want a predictable monthly bill.
Right now, Energy Texas has a highly rewarding referral program. When you get a friend to sign up, they give you rewards points equivalent to $100. Most competitors offer $50 per referral. So, their slightly higher price may be worth it for social butterflies.
Choose The Plan That Fits Your Home
A no gimmick fixed rate plan is a good choice for people who want simple pricing and fewer surprises. The plans show you how the energy charge works, and you do not have to adjust your usage to earn bill credits or reach pricing tiers. The best electricity plan depends on your home, your usage, and the features you value most. Compare plans and rates at https://www.texaselectricityratings.com/electricity-rates.