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Tips For Choosing a New Texas Electricity Provider


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Tips for choosing a new Texas electricity provider

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Tips For Choosing a New Texas Electricity Provider

  1. 1. CHOOSING A NEW TEXAS ELECTRICITY PROVIDER<br />From Bounce Energy<br />
  2. 2. Choosing a Texas Electricity Provider can be very<br />challenging.<br />Included are a few steps that should make the decision process a little easier on you and possibly your wallet.<br />
  3. 3. 4 Step Process<br />Rate Structure<br /><ul><li>Variable Rate
  4. 4. Fixed Rate</li></ul>Energy Source<br /><ul><li>Non-renewable
  5. 5. Renewable</li></ul>Customer Incentives<br />Provider<br />
  6. 6. STEP #1: Decide on a Rate Structure<br />Variable Rate (aka Month-to-Month) Plan<br />No contract required<br />Based on current energy market conditions so the rate you pay can increase or decrease each month<br />Allows you to benefit from low energy rates; however, if prices rise, so will your rate<br />Good for those who want the best rate without having to search for it<br />Fixed Rate Plan<br />Requires a contract, typically for two years<br />Rate stays constant throughout the term of your contract regardless of fluctuations in the energy market<br />Good for those on household budgets<br />
  7. 7. STEP #2: Choose an Energy Source<br />Non-Renewable Plan.<br />This is the most standard and this electricity is produced from burning fossil fuels such as coal, natural gas and oil.<br />Renewable (Green) Plan. <br />Energy is produced from renewable sources such as solar, hydroelectric, landfill gas, biomass, geothermal, or wind.<br />You can check the energy provider’s Electricity Facts Label (EFL) to see if their plan produces electricity from renewable resources. EFLs, similar to a nutrition labels, provide information on electricity prices, contract terms, sources of generation, and emissions levels. This information will help you make an informed decision about your electric service.<br />
  8. 8. STEP #3. Compare Incentives<br />Sign-Up Promotions<br />Gift cards, airline miles, charitable donations, or better rates if you sign up online.<br />For example, just for signing up for Bounce Energy’s Terrific 12 plan you’ll receive your choice of a $25 gift card to Target, Wal-Mart, GAP Inc., Shell, or a $25 bill credit.<br />Loyalty Rewards<br />Some companies offer rewards programs to their customers such as cash back and gifts.<br />For example, Bounce Energy rewards customers for paying their bills on-time. Customers who pay their bill on-time for 6 consecutive months receive their choice of 2 movie tickets or a free companion airfare ticket and also gain access to Bounce Energy’s VIP Customer Service line. <br />
  9. 9. STEP #4. Compare Providers<br />You can do this through two websites:<br /><br /><br />Enter your zip and pick your plan and these sites do the rest. You’ll be able to see a list of Texas electricity providers and their company information such as company rating, electricity plans, if they sell renewable or non-renewable energy and promotions and incentives offered.<br />
  10. 10. There are many electricity providers and plans out there.<br />A little research will allow you to find one that is right for your electricity needs and your budget.<br />