Founded in 2008 in Houston, TX, OUR Energy is a retail electricity provider that services residential and commercial customers in Texas. OUR Energy services all of the deregulated areas of Texas and has announced plans to expand their retail electricity service to New York and Illinois.
The monthly bill will vary by season (with the winter and summer seasons being the more expensive periods) and the size of your home. In 2022 in , Texas, the average electricity plan rate is 0¢/kWh. On average, that means
A small home will use around 500kWh of energy times 0¢/kWh totalling $0 per month.
An average-sized home will use around 1000kWh of power times 0¢/kWh totalling $0 per month.
A large home will use around 2000kWh of power times 0¢/kWh totalling $0 per month.
You can price electricity plans in your area here.
When you run a business, any expense you minimize increases your bottom line. So it makes sense to pay as little as possible for power. Unlike many home electric plans, commercial plans are straight-forward. You don’t have to figure out whether bill credits, tiered rates, or free nights work with your usage. With CenterPoint Energy managing delivery for everyone, that should make finding cheap commercial electricity simple, right? But the trick is knowing just how much power your business actually uses. That way, you know what to expect on your monthly bill. So, let's check out usage affects your choice of cheap commercial electricity providers in Houston.
Cheap Commercial Electricity Plans
Power provider rates are super competitive right now. Price differences are mere fractions of a penny among plans. Providers are competing hard to serve your business’s power needs. With the average Texas business usage at 7,935 kWh per month, it is easy to see why.
To begin with, a 48-month plan from Engie has the lowest rate right now at 7.607 cents per kWh. Minus the TDU costs and taxes, an average monthly supply part fo the bill comes to about $604.00. Imagine locking in that energy price for four years! Given how inflation has risen over the past year, holding a firm price could be a big advantage for your business. While your competitors see their utility expenses rise, yours could remain flat with this plan.
If you don’t want to lock in for four years, Engie has a 36-month plan with a rate of 7.622 cents or about $605 for your energy supply charge. That’s still a good while to have consistent energy pricing.
Meanwhile, Cirro Energy also has a 36-month plan that falls right between these two plans in price. Their plan’s rate is 7.611 cents; or about $604.00.
Competing Power Providers
The power market can change over time. If you've been paying sky high prices since August or September, it's time to shop for a better rate! Make sure you have the best information to choose the right plan for your business. Shop for business electric service at Texas Electricity Ratings. Here you’ll find the lowest rates from an array of providers. When they compete, your business wins.
Keeping electricity humming along to homes in the Lone Star state was never easy. Though technology has changed, demand has grown. After all, there's roughly 26 million Texas electricity customers expected to use their share of 98,000 megawatts (MW) this summer. In spite of that, there are two agencies that keep the Texas grid from wandering too close to the edge of reliability. So, let's find out who these key players in the Texas electricity market are. And specifically, find out how they affect consumer electricity rates in the Lone Star State.
PUC Sets Electricity Rules in Texas
Firstly, the Public Utility Commission (PUC) oversees most of the utilities in Texas. For example, the PUC keeps an eye on your water, telephone, and TV cable utilities. Most important of all, it enforces rules and laws that keep your electricity service fair, reliable, and safe. Basically, the PUC controls how retail providers can sell power to their customers. Likewise, it also approves the delivery rates your local utility charges you. Above all, the PUC oversees how the Electric Reliability Commission of Texas (ERCOT) manages its grid. And that includes how ERCOT runs both its electricity market and its grid.
ERCOT Controls Energy Flow
ERCOT is a nonprofit company that operates the Texas Interconnection grid, the largest of four grids in the state. While the ERCOT grid covers about 75% of the land in Texas, it includes nearly 90% of demand. Altogether, that adds up to 650 power plants and 52,700 miles of power lines and switch stations to power your home.
Given that, ERCOT must run 24 hours a day to keep your lights on. So, as the Texas ISO, ERCOT has two jobs. Firstly, it must find enough power to meet demand. That not only includes lining up power plants but also sending the power on schedule to cities and towns in its grid. This is important because an overloaded grid can cause blackouts, leaving Texans without power at difficult times.
Secondly, ERCOT acts as a broker for wholesale power buyers and retail sellers. These retailers then sell electricity at the best prices to you. ERCOT also uses demand to set what the price is at different locations. So, if there's not enough power for an area, then prices there rise. Thus, ERCOT balances supply with demand to keep power prices competitive.
Why Is the ERCOT Grid Separate?
While most states are part of one power grid or another, Texas has its own. For that reason, by not crossing state lines, the ERCOT grid avoids federal control. The downside, however, is that the Texas power grid is on its own. It can neither send out electricity nor get much help from other grids.
Find the Best Electricity Rates in Texas
In short, the PUC and ERCOT work together to provide electricity at a reasonable rate to Texas customers. But it's up to you to find the lowest rates for your home. So shop best plans and prices at https://www.texaselectricityratings.com. Find the best rates, choose your providers, and sign up for the best electricity deals in Texas.
Zip Codes with the Cheapest OUR Energy Rates in Texas