Texas Electricity Rates
Compare Texas Electricity Plans
“Everything is bigger in Texas!” still applies when referring to the average annual Texas household power bill. When it comes to the energy industry, until around 2002, there was only one type of company responsible for generating and distributing electricity. But energy deregulation changed the face of the industry. It opened the energy market to competition and consumers could finally have options. The legislation created a competitive marketplace in which 85% of Texans can capitalize on today.
Understanding the electricity rates in Texas can be a challenging affair at first. At Evol Power, our job is to provide you with high-quality energy management services that can help your business reduce operating costs. Understanding the electric company rates in your area will make the process of choosing an energy plan much easier.
Who Can Choose Energy Plans in Texas?
85 percent of Texans live in deregulated areas making Texas the largest deregulated energy market in the US. The legislation requires energy consumers in the deregulated areas to buy electricity plans from electricity providers instead from utilities. This is in contrast to other states with deregulation where consumers may choose energy from their utility or a provider. Despite this, the goal for deregulation in Texas remains the same as in other states.
Need a good reason to switch suppliers? Evol Power can help you save up to 35% on your commercial or residential energy bill by switching.
Electricity for Homes
The average Texan household uses an average of 77 million Btu of electricity per year. This is approximately 14% less than the national average. Breaking the stats further, the average total household bill is $1,800 per year. This amount is amongst the highest across America, though states that experience soaring temperatures in the summer can rival Texas’.
In general, there are four major sources of electrical consumption within Texas households. They include:
1. Air conditioning – Air conditioning units consume 18% of Texas households’ electricity. This percentage is quite high in comparison to nearby states.
2. Space heating – Space heaters consume 22% of all households’ electricity.
3. Water heating – Heating water consumes 19% of the state’s household electric usage.
4. Appliances, Electronics and Lighting – Appliances, Electronics and Lighting consume 41% of all electricity usage in Texan homes.
Electricity for Businesses
One of the reasons why oil and gas is a thriving industry in Texas are the several world major oil companies it hosts. There’re also many businesses and industries in the state that need electricity for their day-to-day operations. The amount of energy consumed depends on the number of machines operated by a business. There are three major sectors related to businesses that are big energy consumers. They are:
· Commercial – Businesses in this sector consume over 12% of the state’s energy.
· Industrial – Almost 50% of electricity is consumed in this sector.
· Transportation – This sector consumes roughly 24% of the state’s total energy.
The expansive Texas land makes it a major energy producer. The Texas state sources its green energy from renewable sources such as hydropower, wind power, and solar power. Choosing such energy plans is a great way for Texans to conserve the environment at a lower cost. Besides green energy plans, Texas suppliers give consumers the option to buy renewable energy certificates or RECs that further offset customers’ carbon emissions. Buying RECs also helps research funding and usage of renewable energy sources. This allows Texas to stay ahead in Eco-friendly power technology.
Texan residents and businesses should remember that utilities are responsible for all energy-related emergencies. REPs handle the supply of electricity but they do not manage wires, poles or outages.
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If you want your business to make a difference in the world by reducing your energy use, contact Evol Power today! We have the right solutions to help you save on energy while reducing your environmental impact.