Still, we like that if you choose to re-up with FirstEnergy again at the end of your initial term, you won’t have to worry whether you’re enrolling at an expensive time of year. First, since it offers just two options, constant for years, its prices are set with the long haul in mind. Second, since the electricity grid in Pennsylvania is more taxed during winter than any other season (space heating accounts for 50 percent of household electricity consumption in PA; air conditioning just three percent), signing up in summer means prices won’t be temporarily inflated.
But competition didn't necessarily end up cutting prices, according to the report. One contributing factor is confusion among customers as they try to choose among scores of retail electricity providers and the overwhelming variation of plans, leading many to just stick with familiar companies rather than look for better deals, according to the Texas Coalition for Affordable Power .
When you’re choosing a new energy deal, think about whether to go for dual fuel (where you get both your gas and electricity from the same company) or separate tariffs (where you get gas from one company, and electricity from another). It’s worth checking both options, as the combined price of separate tariffs can sometimes be less than a dual fuel offer.
Keeping on top: With deregulation, a whole host of electric resellers jumped into the market because there’s a whole lot of electricity to sell: if Texas were a country, it’d be the 11th largest electricity consumer in the world! Just by itself, it uses as much electricity as Spain or Great Britain! That means there’s a whole lot of information you have to find, absorb, and process to make sure you’re getting the best rate for your needs.
Even though customers in deregulated cities routinely pay more for electricity, there is a bright spot. The gap between the average price paid for electricity between deregulated cities like Houston and regulated cities like San Antonio have dwindled to the narrowest point ever to 8.8 percent. Back in 2006, customers in deregulated cities were paying nearly 47 percent more for electricity than their counterparts in regulated cities.
Energy deregulation in Texas means you have the opportunity to shop electric companies to find the one that's right for you. What are the best electricity companies? That depends on what YOU want. Here at SaveOnEnergy.com®, we work with nearly all the top electric companies to make sure you'll get reliable, straightforward service and plans, regardless of the retail electricity provider you choose.