Money-Saving Innovations from Electric Choice Not Available to All of Texas
Competition in the Texas electric market means that energy providers have created a wealth of new products and services designed to meet customers’ individual needs and lower their electric bills. Such new products include fixed priced plans which give customers budget certainty, time-of-use plans that let customers take advantage of lower rates during off-peak times, seasonal rates designed for customers with electric heat, prepaid products for customers looking to avoid costly deposits, and many more. Soon, Texas electric companies will be offering electric plans designed specifically for customers with plug-in electric vehicles.
One of the newest products introduced last year by several Texas energy companies is a program where customers with distributed generation — like rooftop solar panels — may sell their excess generation back to their energy supplier. Not only do these customers save money by generating their own power, they receive a credit when they generate more power than they need, further reducing their monthly electric bill.
