Cost of energy production – The company from which you purchase electricity, your REP, doesn’t create the electricity they sell you.Here are the factors that go into determining your electricity rate.
If you’re serious about finding the best electric rates in Houston, it’s important to understand how your rate is calculated. Factors Included in Your Houston Electricity Rate Therefore, to know who has the best electric rates in Houston for your needs, it’s essential to see a company’s indexed rates, not just their listed rate. Some plans will have lower rates when you use between 1,000 and 2,000 kWh, while others will have lower rates when you use less than 1,000 kWh or more than 2,000 kWh. This is just one example of a fixed-rate electricity plan. If you use less than 1,000 kWh, your rate skyrockets to 24.7 cents/kWh. If you use over 2,000, your rate will jump to 19 cents/kWh. However, this rate only applies if you use at between 1,000 and 2,000 kilowatt-hours of electricity. While this plan has three different fixed rates, it will be advertised at a rate of 14.2 cents/kWh. Here’s an example of how fixed-rate electricity plans with indexed rates works. This means that while your base fixed rate stays the same, your rate might increase or decrease depending on how much electricity you use. Most electricity providers offer fixed-rate electric plans with indexed rates. What Does It Mean to Have the Best Electric Rates in Houston?Ĭontrary to what you may think, the best electric rates in Houston aren’t always the lowest, and here’s why.
Therefore, the best electric rates in Houston will vary from company to company, depending on your needs. However, if you have a large family that uses a ton of electricity, you’ll be better off choosing the plan that rewards excess usage. If you live alone and don’t use much electricity, the first provider will have the best rates for you. Some providers have plans and rates catering to one group of people, while others cater to those with different needs.įor example, some providers have plans where your electricity rate is cheaper when you use small amounts of electricity, whereas other providers reward you for using copious amounts. Rates valid as of at 8:00 AM EST See All Plans Which Company Has the Best Electric Rates in Houston?Īs a side effect of deregulation, it’s next to impossible to say who has the best electric rates in Houston.
LOWEST ELECTRICITY RATES HOUSTON CODE
When you enter your ZIP Code into the free rate comparison tool at the top of the page, you may be able to find a rate much lower than 13 cents/kWh. On average, however, Houston’s electric rates tend to hover around 12 to 13 cents/kWh. As such, electricity rates vary wildly from one company to another. This means that every electricity provider in Houston can create their own electricity plans and determine their own rates. What Are the Average Electric Rates in Houston?Īs with over 80% of the rest of Texas, Houston is home to a deregulated electricity market.
0 kommentar(er)
