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.
Like we said, fees don’t necessarily make for a bad plan — although it’s worth it to do the math to see if you can save with another provider. For example, compare TXU Energy’s Simple Rate 12 plan with its $9.95 base charge, alongside Direct Energy’s Live Brighter 12 plan with a smaller base charge, and Reliant’s Digital Discount plan with no base charge. We’ll use a Corpus Christi ZIP code and assume 1,000 kWh/month of energy use.
Through its family of companies, XOOM Energy offers products and plans not available from the local utility. This allows customers to compare basic electricity and renewable energy plans and choose your best option. Serving consumers in more markets than any other energy supplier makes XOOM Energy one of the largest energy retailers in North America.
As they’re advertised, the Digital Discount plan appears to save you $4 — but only if you use 32 percent of your energy on the weekends, which is the stat Reliant used to create the average price it advertises. Say you often travel for business during the week, and are only home cranking the air conditioner on weekends. If your energy use skews to 55 percent weekend use (for Reliant, that means 8 pm on Friday through 12 am Monday), suddenly Truly Free Weekends becomes a much better deal.
In a competitive market such as Texas, energy providers sometimes offer alternatives that help you reduce the carbon footprint your home or business' electricity use leaves on the environment. Such companies offer you the opportunity to purchase an energy plan that helps offset your carbon footprint by buying power generated by renewable resources that don't negatively impact the soil, air or water. Preserving the earth and all of its resources is becoming a priority for a lot of Americans. An easy way to do your part is to ask about green energy plans from your electric provider.
According to the U.S. Energy Information Administration, the average household in Texas uses about 15,000 kWh of electricity per year — 26 percent more than the national average, “but similar to the amount used in neighboring states.” That said, the only way to know your personal average energy consumption is by looking at your electricity bills over the course of a year (you want to accommodate all weather conditions) and understanding both your overall usage, as well as if you use more or less during certain months.
If you’re thinking about looking for a better electricity plan for you, shop and compare retail electricity providers in your area. Our pick is Direct Energy. With plans like Free Weekends and Direct-Your-Plan, an electricity plan tailor-made to your lifestyle, you can find the perfect option for you. Direct Energy customers also benefit from rewards programs like Refer-A-Friend, energy saving insights from Direct Your Energy and access to home services and home protection plans.
Consumers throughout Texas were empowered by the state’s decision to deregulate energy in 2002. In a deregulated market, you are able to shop around for energy plans that fit your budget. Energy companies in your area have responded by offering lowered rates and other incentives. Before selecting an Our Energy plan, you should look at all available plans in your area.