Whether you’re a new Texan or a resident for many years the cost of electricity can be a major factor in your budget. It is a smart idea to compare the electric rates of different providers before selecting one that best meets your needs. Utilizing a third party electricity comparison website to assist you do this is a great method to choose the right energy provider for you.
Gexa Energy is a retail electricity service provider that serves customers in gexa energy and is in operation since 2002. It is a subsidiary of NextEra Energy, the world’s largest producer of renewable energy derived from the sun and wind.
It offers 100% green plans, and customers are able to login to manage their accounts and pay their bills online. It also buys renewable energy credits (RECs) from wind and solar producers to match their customers’ usage.
Gexa Energy’s 100 renewable energy plan is ideal for those looking to reduce their carbon footprint and be more environmentally friendly. Gexa Energy also cares about the environment and uses the funds it earns to invest in green energy initiatives across the nation.
You can select between fixed rate and variable rate plans. Fixed rate plans provide you with a fixed cost of energy over the duration of your contract and will not alter regardless of weather or market volatility.
Variable rate electricity plans On the other they are designed to be affluent and provide you with a lower cost in times of high energy costs and high demand. They come with a significant amount of risk, so make sure to read the contract carefully before signing.
Some variable rate plans allow you to lock in an agreed-upon rate for up to 36 months, but most of them require a minimum duration of 6-12 months. You may need to pay a deposit, based on the energy provider you choose before enrolling in the variable rate plan.
This plan is a great choice for those who want an easy and simple way to pay their bills. It provides 100% renewable power and the option of a $150 early termination charge that you should think about prior to changing your electric provider.
In addition, the plan features a monthly service charge for consumption that falls below a specific threshold and a $25 credit on consumption that exceeds the threshold. The base rate for electricity is 13.1 cents a kWh.
The credit on bills is available for usage between 500 and 2,000 kilowatt-hours but it is able to increase to 20 cents for each kWh over that threshold. The average cost per kWh for a 1000 kWh is 7.6cents. However the actual cost per kWh is contingent on the amount of energy you use every month.
This plan is a great option for those looking for predictable, straightforward billing and 100 renewable electricity. Its early termination fee is high, however it is recommended to read the fine print before agreeing to an agreement.