Who Has The Best 12 Month Electricity?
If you peruse the power plans at Texas Electricity Ratings, you’ll find retailers pricing their long-term plans cheaper than their shorter plans. It doesn’t hold true for every retail electricity provider but it seems to in most cases. Of course, you may not want to obligate yourself to a power company for 2 or 3 years. If that’s the case, you’ll want to focus on the best 12 month electricity in Houston. You can commit to a low rate without shackling yourself to a retail provider for the long haul.
After rising through the spring and summer, experts predict prices will fall below the current rate by December this year. Will they actually do so? No one knows for sure. But if you want to shop cheaper rates to switch power plans next year then these 12 month electricity plans could be just right for you.
Come & Take A Cheap Rate
The best 12 month electricity rate comes with the Come & Take It 12 plan from Energy Texas. This plan’s average price is 12.4 cents per kWh. Plus, all the energy you buy comes from renewable sources. The thing to watch out for with this plan is its $250 early termination fee. Don’t expect to take advantage of the predicted lower December prices with this plan because you’ll still have three months left on your contract. And canceling early means paying the full fee.
Low Early Termination Fee
The next two cheapest 12 month plans come from Good Charlie Energy and Rhythm. Both have an average price of 13.0 cents per kWh. The big tradeoff here comes with the early termination fee. The Good Charlie Energy early termination fee is $20 for each month remaining on the contract. The Rhythm fee is $10 per remaining month.
Both plans allow you to pivot to a different plan if prices come down later this year. Say you want to switch in December but your contract expires next March. You’ll be out $30 to $60 in exchange for savings with a new plan. Will your new plan make the fee worthwhile? Only time will tell.
Find The Best 12 Month Electricity
Price and early termination fees are huge factors in deciding which power plan to get. But https://www.texaselectricityratings.com also has in-depth information about each plan, customer ratings of providers, and tools to help you choose the right plan. So shop and compare now before rates increase! After all, there’s nothing to lose except your high energy bill.