Which Plans Have the Cheapest Electric Rate in Houston?
Everyone wants a good deal on electricity. Right now, the plans with the cheapest rates have one big thing in common: they’re all bill credit electricity plans. These can be great options for Texas electricity customers, but you have to know the details of your plan. Therefore, it’s critical to understand the way the bill credits work and whether they line up with your normal home usage. For that reason, we’re making it easier for you to find THE cheapest electric rate in Houston by shopping these kind of plans here.
The Cheapest Electric Rate in Houston
Not only do the plans in the table below have the cheapest electric rate in Houston but they also happen to be bill credit plans:
|Retail Electricity Provider||Plan||Average Rate at 1,000 kWh||Average Bill||Bill Credits|
|Gexa Energy||Gexa Saver Deluxe 12||6.9 cents||$137||$100 @ 1,000-2,000 kWh|
|Frontier Utilities||Best Value 12||6.9 cents||$122||$75 @ 1,000-1,500 kWh|
|Pulse Power||Texas Saver 12||7.1 cents||$127||$95 @ 1,000 kWh|
|Gexa Energy||Gexa Saver Supreme||7.3 cents||$132||$85 @ 1,000-2,000 kWh|
|Gexa Energy||Gexa Saver 12||7.4 cents||$179||$95 @ 1,000 kWh|
Maximizing Bill Credit Electricity Plans
When you compare bill credit plans, be sure to understand how you use electricity throughout the year. In particular, your bill can increase greatly if you miss out on a bill credit. Therefore, the difference of just one kilowatt-hour in a billing cycle can mean a drastic difference in rate price.
As a result, you may even need to consume more energy to have a lower bill. For example, imagine you’re sitting at 998 kWh used in a cycle and have a $90 bill credit at 1,000kWh. If you consume two more kilowatt-hours, your bill will be lower than if you consume no more power. So, in this particular instance, trying to save on utility bills could work against you. For this reason, quirks like this make bill plan credits seem a bit confusing at first. However, as you can see, they’re not really complicated.
The way to make bill credits work best is to make sure your normal usage fits within the bill credit window. For example, if you use 1,000 kWh per month and the bill credit kicks in at 1, 000 kWh then you should be fine. If you only use 850 kWh per month, then you probably should reconsider. Sure, some months you might go above the credit window, other times below. But on the whole, if you want to maximize these plans be certain your normal monthly usage is just above a plan’s bill credit threshold. That drives down the average cost per kWh. You can estimate your bill on Texas Electricity Ratings.
The Cheapest Bill Credit Plan
Of all the bill credit plans, the one with the lowest bill is the Best Value 12 plan from Frontier Utilities. Even though the bill credit amount is lower than others and the bill credit usage window is narrower, its price per kWh is lower than the other plans. As a result, those months when you don’t earn the bill credit don’t hit you so hard.
Shop Texas Electric Plans
Bill credit plans may not be for you. That’s no problem! You can shop a wide variety of power plans at http://www.texaselectricityratings.com. No matter your usage pattern, you’ll find a power plan to match your needs. Plus, shopping now will keep you from converting to a variable rate plan when your current fixed rate plan ends.