Benefits of Residential Electricity Deregulation in Texas
Residential electricity in Texas has undergone a major change in which customers have the choice and right to select their own electricity provider. After deregulation of the electricity market, the Retail Electricity Providers of Texas are offering competitive rates and better services. Since the launch of the program in 2002, customers are saving considerable amounts annually.
Before 2002, there were only a few electricity providers, each catering to different cities and counties. The residents were bound to get service from these providers and they had monopoly of the market. Due to this there was increase in price of electricity, which was becoming a burden.
Some of the service charges were high and there were differences in billing components of each service provider compared to others. The other problems faced by the residents included early termination penalties and security deposit requirements.
With the deregulation program, some of these have been modified by the providers, so that they can stay competitive. The deregulating of electricity is definitely a boon to the residents in Texas.
Like online travel and insurance quote generating websites, there are websites that provide a comparative quote of the electricity providers servicing your area. For this you have to enter your residential address and check for competitive residential electricity in Texas.
Each provider offers different plans depending on your usage. Some of the main benefits are seamless transfer of electricity services from one provider to another, better price, and better service.
The electricity is transferred through the same wires and the switching process to different service providers takes place within seven working days without power interruptions. The providers even offer electricity from renewable energy sources like wind, geothermal, biomass and solar energy.
The deregulation of residential and commercial electricity in Texas has boosted the production of electricity from renewable energy sources. Texas is one of the states with most number of wind farms. This also benefits the residents indirectly, as new jobs are created in that region.
Geothermal energy available in Texas is from abandoned oil wells, which has naturally filled superheated water. This is used in production of geothermal energy in Texas. Texas also produces fuel from biomass. The source of biomass fuel is from urban, agricultural and forest wastes. Texas has a rich source of biomass fuel source and they have been generating considerable amount of power to power the industries. You can even chose, service providers who supply green power to residents.
There are new players entering the market and as the competition increases the customers has advantage and benefits. They are awarded with loyalty bonus, promotions and for referral programs. There is an overall improvement in services also. There is less power interruption and quick response to any customer’s problems.
Before moving to Texas, new customers can visit online websites, which give an idea of the electricity services of different providers, plans and rates in a particular area.
One site that provides a lot of information all in one place is Kilowatt Consultants. They even offer promo codes that provide additional savings. And this is not limited to only residential electricity. Commercial electricity operates in much the same way and now, through Kilowatt Consultants, businesses can order their energy services online.
The deregulation of electricity in Texas has raised the bar for healthy competition and has paved the way for major changes in prices and services for residential electricity in Texas.
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