Most of the nation has to make do with a designated provider, usually a longtime utility. However, much of our state is a competitive market, meaning residents can choose among a collection of Texas energy providers that serve their neighborhoods. With that freedom of choice, you have more control over your energy rate. When you compare Texas energy providers, you could end up with a company and plan that's a better fit for your household.
Comparing electricity plans in Santa Fe means more than just looking at plans to find the lowest rate. Be sure to take a look at each plan's Product Details to get a better idea of what each one entails. These fact sheets are more than just supply rates per kWh and term lengths; they include information on base charges, utility fees and cancellation fees. They also can include features such as usage credits, green energy products or even free weekends.
After Senate Bill 7 went into effect in January 2002, nearly 6 million power customers became eligible to choose their energy supplier. That number has grown through the years. By deregulating the state’s energy market, the Texas Senate gave constituents the power to choose. The process of energy deregulation in Texas dismantled the utilities’ monopoly over the electric market and encouraged customers to explore their energy options.
Explore Santa Fe electric rates below. If the ZIP code listed at the top is not yours, be sure to change it for the most accurate listings and supply rates. Electricity plans in Santa Fe can be filtered in many different ways. If you're looking for a particular attribute, such as a low rate or a certain provider, be sure to use the sorting features. You can also click Company Info for more details on each provider.
Electricity rates in Texas are not fixed. Your rate can vary greatly depending on your usage and your electric plan. Some plans have relatively flat rates, while others can be all over the place. This means that you could end up paying 7¢ for 999 kWhs and 8.5¢ for 1001 kWhs. That would be a 16% increase because you microwaved a few potatoes. Learn more on the different plan types here.
And just like with any plan, it’s worth it to do the math to see how different scenarios will affect your bill. Take, for example, a home in Sweetwater that uses about 1,000 kWh of energy per month, and is interested in the Texas Essentials 12 plan. Zero percent renewable energy is the cheapest option — but by committing to a $5 monthly charge for its 100 percent “JustGreen” option, it’s actually cheaper than the 60 percent hybrid renewable option.
Twenty bucks compared to a $2,000 bill? Not much to write home about, but hey — it’s free money. And, true, you’ll still get some free money when you use less energy, but rewards only really seem reward-y if you're shelling out big bucks. That same Direct Energy plan only yields about $6 in Plenti points per year if you use 500 kWh of electricity each month.
If you've never changed Texas energy providers, you might get surprised every month when you get your electricity bill. You may not realize that a family member set the thermostat to 60 degrees on the hottest day of summer and then left the house or that in your rush to get to work early, you left on every light. At least you might not realize it until you get a bill that is double what you expected.
Amigo Energy is a full-service Retail Electric Provider (REP) to residential and commercial customers in Texas. The company operates in nearly all deregulated transmission areas in the State providing competitive rates and superior customer service with a view to building long term relationships and satisfaction. Amigo Energy is a subsidiary of Just Energy Group Inc., a publicly traded company (NYSE:JE and TSX:JE) serving close to 2 million customers across North America.
The growth in wind power and natural gas fueled power will offset the loss in coal over time but for the summer of 2018, expected record demand for electricity will converge with power plant closures to put a squeeze on wholesale electricity rates. This, in turn, will cause the retail electricity prices paid by most Texas consumers to increase. The rise in wholesale rates could be particularly dangerous for consumers who have electricity plans that are tied directly to the wholesale price of electricity.
Texas electricity rates are on their way down again. After a summer spike, electricity rates across Texas have fallen. Utility officials were concerned about having enough electricity to meet peak summer demand. This resulted in electricity providers increasing the rates on their fixed rate plans in anticipation of higher wholesale electricity prices.