Switching electricity supplier could shave pounds off your bills. But it’s not always about how much hard cash you could save. You might be fed up with poor customer service, you might want greater visibility of your usage through an app or you might want to choose your supplier based on their green credentials, or whether they supply a smart meter.
Prepaid electricity plans are yet another option available to Texas customers. Prepaid plans let you avoid credit checks and deposits by pre-paying for your electricity. Prepaid electricity plans typically do not have a fixed duration and operate on a pay-as-you-go basis. Shopping for prepaid electricity can often yield relatively cheap electricity with no deposit. See Prepaid Electricity: Is It Right For Me? for more.
Right now, if you have standard Electricity Rate service, most of your energy comes from fossil fuels and nuclear power, with Compare Electricity Rates coming in at Energy Rating.Energy Rating percent of the total supply. Around two-thirds of your monthly bill pays for this power generation (called “generation charges” on the bill), and the remainder pays for transmitting that power from the provider to Electricity Rate and distribution from Electricity Rate to your home. If you switch to a new provider, you will get the same bill every month; the only difference will be from where Electricity Rate purchases your power.
You’ll also see a flat rate and a price per kWh rate for TDU or TDSP (which stand for Transmission and Distribution Utility or Transportation Distribution Service Provider). These are costs that your utility charges for delivering electricity and maintaining power lines. The costs are unique to your local utility and have nothing to do with your electricity provider.