What is an Electricity Facts Label?
An Electricity Facts Label (EFL) is a document describing the details of a plan. The EFL will show the average electricity rate you will pay at certain usage levels. It will also show you other information like green percentage, base (monthly) charges and an early termination (cancellation) fee.
Where do I find my EFL?
While shopping for a plan, there should be a link labeled "EFL" above the "Sign Up Now" button. When you sign up for a plan, your EFL should also be mailed to you from your electric company.
Key EFL Terms
-
- This is an amount credited back to your account after reaching a certain usage. If you do not meet the minimum usage, you will not receive this credit and your bill and price per kWh can be much higher. Be careful with these!
-
- The energy charge is how much you will pay the electricity provider per kWh you use.
-
- A monthly cost appended to your bill by your electric provider. Sometimes this only applies when usage is below a certain threshold.
-
- These are fees passed on to your electricity provider from your electric utility. These fees are present regardless of which company you choose.
-
- The amount you will have to pay for cancelling your contract before your term has expired. Does not apply to month-to-month plans.
What kinds of plans are there?
-
- Flat rate plans are electricity plans that have the same price per kWh, regardless of how much you use. These plans tend to have higher rates at 1,000 kWh but your bill amount should directly follow your usage amount.
- View example EFL
-
- Some plans have different rates at different usage amounts, or tiers. These can make your bill amount seem unstable and not weather oriented.
- View example EFL
-
- Bill credit plans are plans that give you credits at certain levels of usage. You will generally pay a higher rate per kWh that will be offset when you hit an arbitrary threshold. These generally make the rates look nice when right at 1,000 kWh.
- View example EFL
-
- These plans have very high monthly charges but little-to-no usage fees up to a certain point. After you've used a certain amount of electricity you will begin being billed per kWh. They can work out nicely if your usage is consistent and right around the sweet-spot, but if your usage is generally low you should probably stay away.
- View example EFL
Review Topics:
Peoples Choice:
Texas Energy News:
How Landscaping Can Help Cool Your Home
Is a Whole House Mini Split in Texas Worth It?
9 Best Energy Efficiency Money Savers
Will Proposed Texas Laws Darken Solar Hopes?
How to Find the Best Texas AC System
ERCOT Summer Peak Load Forecast Relies More on Renewables
2023 Texas Hurricane Season Forecast
How Do I Prepare My Home for An EV?
How To Read Your Texas Electricity Bill
How Do I Report A Power Outage In The Oncor Service Area?
Is a Whole House Mini Split in Texas Worth It?
9 Best Energy Efficiency Money Savers
Will Proposed Texas Laws Darken Solar Hopes?
How to Find the Best Texas AC System
ERCOT Summer Peak Load Forecast Relies More on Renewables
2023 Texas Hurricane Season Forecast
How Do I Prepare My Home for An EV?
How To Read Your Texas Electricity Bill
How Do I Report A Power Outage In The Oncor Service Area?
Texas Electricity Ratings Resources:
What To Do If Your Energy Provider Transitions You To POLR
Historical Electricity Rates
Learn about the Breeze Energy POLR Transition
Who are the best Texas electric companies?
Understanding Your EFL
No Deposit and Pre-Paid Electricity Plans
How to Switch Texas Electricity Companies?
How to Read Your Electricity Meter
How Long Does it Take to Switch Electricity Companies
Historical Electricity Rates
Learn about the Breeze Energy POLR Transition
Who are the best Texas electric companies?
Understanding Your EFL
No Deposit and Pre-Paid Electricity Plans
How to Switch Texas Electricity Companies?
How to Read Your Electricity Meter
How Long Does it Take to Switch Electricity Companies