Electricity is divided up by large competitive energy companies where over a dozen Texas retail electric providers compete to win your business.
You can see many of these retail electric providers at PowerToChoose.org
There are many providers and the landscape is so competitive it is fairly common to see new successful providers get bought up by the large established ones.
What you also see is new Texas electric providers badly execute their business and go out of business rather quickly.
Many times when the new guy comes in offering super low rates that are beating everyone else this is often a sign that they are trading energy fast and loose and don’t have a gauge on their risk.
We work with providers that are executing their business on point and will be able to both offer a competitive bid on your electric usage but will also be in business many years later.
We don’t quickly accept new agreements with fresh electric providers unless we know the management team and what to expect.
Our clients not only lock in a good electric rate but stay with solvent energy companies that will keep them at that competitive price.
When an electric company goes under what happens is the company usually goes under during an energy price spike. If the electric company did not hedge properly your great rate with that company goes bye-bye and you get put on the current market rate with a new provider. Of course because the market spiked the new price is much higher. This scenario is definitely one we always try to avoid for our customers.