Power Express

In 2002, Texas introduced a deregulated energy market, giving consumers the power to choose their electricity provider. This has led to increased competition among providers, resulting in lower energy prices and improved customer service. However, many Texans may still be unaware of the benefits of deregulation.

The deregulated market operates by allowing consumers to select their preferred electricity provider, rather than being restricted to the utility company that services their area. This creates competition among providers, who must offer competitive rates and plans to attract customers.

Consumers can take advantage of this competition by comparing rates and plans from different providers to find the best deal for their needs. They also have the option to switch providers or plans if a better option becomes available.

However, the abundance of energy companies and plans in Texas can make it difficult for consumers to find the best option for them. To assist in this process, there are tools such as SlashPlan that simplify the process by comparing live rates from energy companies and displaying them in a single dashboard. It also calculates the final price for each plan, including any hidden fees, to provide an accurate comparison. By using such tools, consumers can confidently shop for the best energy rate available to them.