North American Power

In 2002, Texas implemented a deregulated energy market, allowing consumers the freedom to choose their own electricity provider and potentially save on their monthly energy bills. Despite this, many Texans are unaware of the benefits of deregulation, including lower prices and improved customer service.

The deregulated market operates by allowing consumers to select their electricity provider, rather than being restricted to a single utility company. In this system, providers compete for customers by offering various rates and plans, which encourages them to offer more affordable prices, better customer service, and innovative products and services.

As a result, consumers are able to shop around and compare rates from different providers to find the most suitable plan for their needs. Additionally, deregulation gives consumers more control over their energy consumption, allowing them to switch providers or plans if they find a better deal elsewhere.

However, with over 60 energy companies and hundreds of plans to choose from in Texas alone, it can be challenging to find the best plan. This is where SlashPlan comes in, assisting consumers by comparing the best energy plans on the market and displaying live rates from energy companies in a single dashboard, making it easy to find the cheapest plan in a matter of seconds. Furthermore, SlashPlan calculates the final price for each plan, including any hidden fees, providing a true apples-to-apples comparison of all energy plans, allowing consumers to confidently shop for the best energy rate.