Why Do Electricity Rates Fluctuate Throughout the Year?

comparing Laredo electricityHave you noticed that the electricity companies in Texas have a routine of changing electricity rates every month?  If so, you are more aware than the majority of electricity consumers in Texas.

Every month, the electricity rates are updated during the first few days of the month.  Electric companies move rates up or down, but the companies usually move in unison with one another.

For example, most electric companies in Corpus Christi lowered their electric rates 0.4 cents this month.  They did this the first two days of the month, and the price decline was across the board.

Likewise, the electric companies in Plano dropped their rates by 0.2 cents at the same time.  This is standard practice, and you can benefit by understanding the seasonal swings in the prices of Texas electricity.

Why Are Electricity Rates Cheapest in the Spring and Fall?

The reason for this is simple.  There is more demand for electricity in the summer and winter.  Families and businesses use more electricity during those months.

The spring and fall seasons bring mild temperatures.  Because of this, people do not use as much electricity to cool or heat their homes.  These months are called the “shoulder months”.

You can use this seasonality of electricity rates to your advantage.  You should plan ahead so that your electricity plans are expiring during the cheaper shoulder months.

How Do I Make Sure My Electricity Plan Expires During the Shoulder Months?

Let’s say your current electricity plan expires in July.  You can take steps to move that back to April.  There are two ways to do this.  One way is quicker, but there is an expense to it.

The quickest way is to pay an Early Termination Fee to end your contract in April.  If you have a plan that only charges $20 per remaining months, that relatively cheap to do.  But if you have a plan with an expensive ETF, use the following Strategy.

Generally, electricity companies in Laredo do not charge the ETF fee if you switch to a new provider within 2 weeks of your contract end date.  So this year switch to a new provider two weeks early.  Make sure to pick an plan with an ETF of $20 per remaining months.  That way, you can move your renewal date back another month or two to take advantage of the cheaper electricity rates.

found a providerWhich Electric Companies Have the Cheapest Early Termination Fees?

If you need to adjust when your electricity plans expire, it is important to choose an electric company with a cheap ETF.  There are three electric companies in Texas that have cheap early termination fees.  Those companies are Express Energy, 4Change Energy and TriEagle Energy.

By switching to one of these electricity providers, you can make an affordable strategy to move your contract end date.  This will allow you to save money on your electric bills.

What is the Best Electricity Plan for an Apartment in Laredo?

comparing Laredo electricityBest Electric Provider for Small House or Apartment in Laredo, TX

Apartments and other small homes in Laredo use less electricity than larger homes. So, you need to look at electricity plans designed for low usage. Laredo electricity providers have plans specifically aimed for that type of home. These plans are cheaper for smaller Laredo homes and apartments than they are for larger homes. Texas Electricity Plans makes it easy to find cheap electricity.

Best Light Companies in Laredo, Texas

There are three electric companies that have great plans for low usage homes.  Gexa Energy, 4Change Energy and TriEagle Energy have electricity plans that are perfect options for families that usually keep their usage low in Laredo.

All three of these electricity providers have low rates and easy to understand electric plans.  They do not have hidden fees or high base charges.

Best Electric Plan for Low Usage Homes in Laredo

If your usage is usually around 500 kWh, look at these electricity plans in Laredo:

TriEagle’s Savvy Value 36 is a great plan. Your estimated energy charge will be $64. The base charge fee is only $4.95.

If you want a shorter-term contract, look at their Savvy Value 12 plan.  Your energy charge will be only $5 more. But you can switch away if you want after 12 months.

If you use 1,000 kWh, try one of these plans:

4Change Energy has a super plan for this usage level.  Their Maxx Saver Select 24 will give you an energy charge of only $91 a month.  You receive a $100 bill credit when you use at least 1,000 kWh for the month.  There is no base charge for this Laredo electricity plan.

Gexa Energy’s Saver Deluxe 12 will cost you $1 more per month. It also has a $100 bill credit for 1,000 kWh usage.  This plan gives you the ability to switch electric providers after one year.  This electric plan also has a base charge of $0.

Switch to the Cheapest Electric Company in Laredo Today

The sooner you switch to a cheaper Laredo light company, the more money you save. Make sure your current contract has expired. Look at your last electric bill to find when your contract ends. If you are moving to a new home or apartment in Laredo, you will have to worry about paying an early termination fee with your previous electricity company.