Frequently Asked Questions
Q: What is energy deregulation in Texas?
A: Energy deregulation eliminates the monopoly a utility had over energy generation, distribution, and delivery. Instead, energy suppliers compete in a free market overseen by state regulators.
Q: How does energy deregulation in Texas benefit homeowners?
A: Texas energy deregulation allows retail energy suppliers (REPs) to compete for your business. They may compete on price, contract term, early termination fees, usage plans, and other variables.
Q: Is Texas the only state with fully deregulated electricity?
A: No. Twelve other states and the District of Columbia have deregulated electricity. However, all of the other deregulated states are in the Northeast and Midwest. While deregulated electricity is available in most Texas cities, there are exceptions, like Austin and Amarillo, for example.
Q: How does energy deregulation work in Texas?
A: Energy deregulation allows consumers to choose from a number of competing retail energy providers (REPs). A large percentage of Texas consumers have access to deregulated energy.
Q: What is a Retail Electric Provider (REP)?
A: A Retail Energy Provider (REP) supplies electricity and/or natural gas to residential and commercial customers. In deregulated areas, REPs compete for your business.
Q: Is natural gas deregulated for residential customers in Texas?
A: No. While residential energy consumers can take advantage of deregulated electricity. In Texas, deregulated natural gas is only available to larger commercial customers.
Q: What is the average price of residential electricity in Texas?
A: In July 2023, the average price of Texas residential electricity was 13.83 cents per kWh, according to the U.S. Energy Information Administration. .
Q: Does the average price of residential electricity in Texas change regularly?
A: Yes, sometimes by dozens of times or more. Accordingly, energy consumers often look for plans that address widely fluctuating rates.
Q: Are there any advantages to choosing a Texas green energy plan?
A: Yes. Energy consumers who want to reduce their carbon footprint will want to consider a green energy plan that delivers electricity from renewable sources.
Q: How can I find the best electricity rates in Texas?
A: Go to Price to Compare to determine the best Texas electricity rates that align with your unique usage patterns.
Q: Can Price To Compare help me find competitive renewable energy plans in Texas?
A: Yes. Price to Compare helps you find competitive energy plans in an efficient, time saving manner. Find the best electricity prices in Texas by entering your zip code here.
Q: What is an Electric Fact Label (EFL)?
A: An EFL is part of your Texas electricity contract. It includes your rate per kWh, monthly base charge, and delivery charges. It also notes the type of plan (fixed, variable, or index), the length of your contract, and an early termination fee, if any. The EFL will also note the source of the electricity and the emissions released during its production.