How Electricity Contract Renewals Work in Texas

Electricity Renewal Offers in Texas

Are you considering an electricity contract renewal offer and wondering if switching providers can save you money?

You’re not alone. Many Texans face this same decision every year.

Here’s the good news: We’ve covered everything you need to know about electricity contract renewals in Texas, plus how to switch providers effortlessly if needed.

TL;DR: This guide simplifies electricity contract renewals in Texas. With ComparePower, you can easily understand your contract’s end date, identify the best time for renewal, and switch providers.

Is It Time to Switch Electricity Companies?

When your electricity contract is nearing its end, you’re faced with a key decision: stick with your current provider or explore other options. It’s a good idea to evaluate the service you’ve received, your current plan’s cost, and whether better deals are available.

It might be time to switch if you’re unhappy with your service or find a better rate elsewhere.

Understanding Your Electricity Contract End Date

Texas Electricity Providers are required to notify you when your contract is about to expire.

Don’t ignore this notice—doing nothing could result in being automatically switched to a holdover rate (a variable rate), which is usually more expensive.

Unsure about your contract end date? Check your account online or call your provider.

Knowing this date allows you to explore new plans and secure better rates before it’s too late.

When is the Best Time to Renew Electricity Contracts?

The best time to renew or switch your electricity contract is typically up to 14 days before your current plan ends.

This window lets you lock in a new rate without any rush.

Keep in mind that electricity rates fluctuate based on demand.

Generally, rates are lower in spring and fall when demand is low, which is a great time to shop for new plans.

How to Compare Renewal Offers

The easiest way to get an accurate renewal offer is to use Live Link™, which connects directly to your actual electricity usage data.

This allows you to compare plans based on how much energy your household really consumes without any guesswork.

Digging through old bills or logging into your provider’s dashboard is unnecessary.

Live Link™ pulls your usage history directly, showing you side-by-side comparisons of how much you would pay with different plans.

If you prefer to estimate manually, you can still use tools like our electricity usage calculator (below), but for the most accurate and personalized comparison, Live Link™ is your best option.

Are you not ready to decide yet? Set a reminder here so you can revisit this page closer to your contract expiration and compare your options when you’re ready.

Why ComparePower?

ComparePower helps simplify the process of navigating the Texas electricity market.

On one platform, you can easily compare rates, contract lengths, and customer reviews from various providers.

This makes finding a plan that aligns with your usage and preferences much more manageable.

Flexible Plan Options

Whether you’re looking for a 12-month, 24-month, or no-contract electricity plan, we have plenty of options.

• No-contract plans offer flexibility, letting you switch providers whenever you find a better deal.
• 12-month plans offer stability in your energy costs for a full year.
• 24-month plans provide long-term stability for those who prefer locking in rates for an extended period.

Making the Switch

Switching electricity providers is straightforward and hassle-free.

Once you choose a new plan, your new provider will handle the switch.

There’s no interruption in your service; you don’t need to contact your previous provider.

Ready to Take Control?

Don’t let your electricity contract renewal catch you off guard.

Start shopping for new plans as soon as you receive your renewal notice.

Whether you find a better deal or want to stay with your current provider, you’ll be in control of your energy costs.

Next Steps

• Enter your zip code: Get rates tailored to your area.
• Compare plans: Review detailed information on contract length, rates, and fees.
• Pick your plan: Sign up online once you find the best option.
• Start saving: Enjoy peace of mind knowing you’ve made the best decision for your home.

Frequently Asked Questions

Who has the best energy rates in Texas?

Texas has no single electricity provider known for the most competitive rates. In Texas, the price of your energy depends on how much energy you use each month. Shop electricity plans with your home’s annual usage profile to find a low rate and avoid gimmicks. Enter your home’s historical usage on ComparePower.com, and you’ll be on your way to savings in minutes.

What is the best month to renew your electricity?

In general, the cheapest times of the year for electricity are during the spring and fall months when there is less demand for electricity. Do not let your contract expire before switching providers. Doing so can be costly. ComparePower.com can help you find the best rate with your home’s annual usage profile. It is the best way to shop for electricity in Texas if saving time and money is essential.

What is a good rate for electricity in Texas?

Texans paid an average of 12.56 cents per kilowatt-hour in 2021. You can find rates on ComparePower that are much less than the Texas average when you shop with your home’s historical usage profile. The best way to shop energy plans and save money is by using your historical usage profile on ComparePower.com

When can you switch electricity providers in Texas without penalty?

In Texas, you have 14 days before your contract expiration date to shop the market and switch to a new provider without penalty.

Will my new energy provider cancel my old contract?

Yes, ensure you’re within your 14-day grace period to avoid any early termination penalties. Then, enroll for electricity service with a new provider on ComparePower.com, and we’ll handle the break-up call for you.