Many Texans have switched their electric provider since the market was deregulated in 2002. However, it’s still a process that is not understood by many. Following are three commonly asked questions about the switching process that can help you make a decision about whether it’s right for you.
1. Will I have to pay a deposit? You may be pleasantly surprised to find out that Texas electric providers offer options to low-income individuals who can’t afford to pay a deposit. The most popular of these is the LITE-UP Texas program. It’s a no-deposit electricity plan that gives discounts to qualifying consumers on summer electric bills (May through September).
You no longer have to sign up with a prepaid electric service plan, where you may be paying double or triple what others are paying.
2. Will my current service be interrupted? Actually no. Switching Texas electric providers is pretty easy and straightforward. To get the ball rolling, all you have to do is contact the company you want sign on with and let them know you’d like to switch. You can do this online as well.
Your new company will take it from there and instruct you on the next steps you need to take.
3. Can I switch Texas electric suppliers if I have a contract with my current electric provider? If you are under contract with your current energy company and you still want to switch, be sure to contact them and ask about cancellation fees.
Depending on how much they are and when your contract ends, you may want to wait until your contract expires before switch Texas electricity companies.