You have the power to choose your electricity provider in Texas.
Since electricity deregulation began in Texas in 2002, thanks to Senate Bill 7, most consumers (renters, home owners, and business owners) have been able to shop for electricity. This means that much like cell phone or cable TV service, most consumers in Texas can shop around, compare electric rates, and choose the electricity provider in their area that offers them the best pricing and overall value.
Around 85% of consumers have the ability to shop and compare Texas electricity rates from regional providers. Consumers in the following major Texas cities are able to shop around for electricity, though this list is not all-inclusive by any means:
- San Antonio
- Fort Worth
- El Paso
- Corpus Christi
- Grand Prairie
Texas Energy Deregulation
While the electricity market was officially deregulated in Texas in 2002, the first steps toward energy deregulation were taken in 1999. It was in 1999 when a bill was first introduced outlining how the restructuring of the Texas electricity market might look.
One of the the primary reasons for such a bill was to allow the free-market (competition) to drive down Texas electricity rates for all consumers.
If you’ve never shopped for an energy provider in Texas, then you were automatically enrolled with a default energy provider once the deregulation laws went into affect in 2002. This might mean that you may be paying higher electric rates than you need to.
Who Offers the Lowest Texas Electricity Rates?
Some consumers choose an electricity provider by looking at overall value — length of contract term, provider reviews, rates, etc. Many consumers simply choose the company offering the lowest rates so they can keep some money in their pocket at the end of the month.
Regardless of which category you fall under, click here to enter your zip code to see electric rates in your area.