The Texas electricity industry is leading the way for electric deregulation. This is good for consumers who will have the power to choose their power company. The consumer will not have to choose to go with one company or to have no power at all. This might mean better pricing for the end user.
People might find better deals or plans that will fit their requirements compared to the Texas power provider they use now. But if people are happy with who they use then they need not change. But it is good to know that you can change if you want to.
Some plans allow you to lock in a rate so this could work toward your advantage. You will want to keep an eye open for various plan specials that other companies are running at different times of the year.
Your Texas electric provider who you have used for years probably does not run deals. So it might be a good idea to change if you can save money. But if you have a plan now that has a contract cancellation fee you have to take into account if the savings will be worth the penalty.
You might simply want to wait until the contract expires and then make the move. Here is the bottom line. You will get better service and better rates if there is competition in the market.
Until now the power companies have had a monopoly on the power service. You had two choices use their power or go without power. But because you have a choice you will not have to pay what the companies say. And they charge as much as the government allows them to charge.
This is the first step towards you paying less for your power. The deregulation of the power companies is something you can voice your support for. Call your local representative today to voice your opinion or use your power to choose a lower Texas electric bill today.