Ultimate Texas Electricity Rate Guide – Cost and Compare

Most Texans get to choose their own electricity provider, putting the buying power in their hands. But before you choose you’re provider, there are some important things to consider. This Texas electricity rates guide will show you how to examine the cost of electrify in different deregulated territories and properly compare rates and to understand a fixed energy charge in Texas. But first, how did we get here? In the mid-1990s, Texas began deregulating most of its electricity market, giving customers more options and fostering competition. The Electric Reliability Council of Texas (ERCOT) operators the power grid, and roughly 85% of Texas customers can choose their own electric provider. The move broke up monopolies and separated the industry into three parts: Production: Power plants generate the energy, and deregulation welcomed innovations in clean energy and more efficient power plants. Transmission and Distribution Service Providers (TDSPs): These companies (commonly … [Read more...]