Power To Choose is an official and unbiased website to choose the electric rates. The Public Utilities Commission in Texas provides it. It helps all electric providers in Texas. It makes them list the available offers to the customers. It is an official website, and it is also free. It also gives the option to make a comparison of the offers and then to choose the perfect plan. The customers can make their effective plans according to their necessity. Power to Choose Texas helps the providers to get connected with the people with the electric plan list.
Pick Your Suitable Plans:
The website offers you various ranges of rates for shopping the electricity. The buyers can understand the plans correctly, and then they can pick up their suitable purchase. It is better to make proper decisions in the purchase and avoid the hasty purchase.
Fixed and Rigid Rate:
This plan gives you only the fixed-rate, which will not change any of the circumstances. It remains the same until the contract period, and there may be some exceptions in it. In case if a person chooses a rigid plan, then the price of electricity per kWh does not change. It remains fixed until the completion of the contract. There may arise some changes in the transmission and even in the distribution charge. There can also be changed in the federal laws which impose high costs than REP control. This type of purchase will benefit you in the household budget. In case if there arises any fall in the market, then there is no chance for the customer to wait for the low price.
Flexible and Changing Rate:
This type of plan does not have any features like a monthly contract or free cancellation. The rate varies per kWh, month to month. The price can either increase or decrease, it is based on the market and also according to the discretion of your company. This plan will benefit the customers are suffering from the fall of the prices. There may arise some risk only during some unexpected calamities or disasters as there may be a high price hike. Companies can enjoy the incentive, and so there will be differences in the prices among the companies when unexpectedly customers shift from one company to the other.
Indexed Rate:
It is the market rate which is nearly similar to the variable plan. Because it also has the process of increasing or decreasing in the electric rates. The only difference in this plan is that the program is tied up directly to the pricing formula, which is attached to the public index. In case if there is an increase in the index, then the monthly rate also increases. If there is a decrease in the index, then the price will also decrease. In this plan, the charge per kWh will have a substantial change every month. Thus, it makes benefits and even risks to the arrangements made through variable rates.
Therefore, it is our choice to make an accurate purchase of the rate plans according to the need and the time. Power to Choose helps vide range of customers in providing the list, which makes the selection process easier.