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Texas Energy Market News
You now have the
POWER TO CHOOSE
your Texas
electric provider.
ElectricityTX is here to guide you through the process and help you
utilize your power to choose the Texas electric provider that fits
your budget and your lifestyle.
Here are some
helpful articles and tips on how you can lower your Texas electric
costs.
Texas Leads
The Nation In Low Energy Costs
by Jerry C Dyess
Everything is bigger in Texas, except for their energy bills. Texas
is leading the nation in energy because with every home built the
use of natural gas to heat that home has become more economical.
Electricity is still used for appliances and air conditioning. More
efficient home appliances and central air instead of window units
helps to keep those costs down as well.
When a state is able to lower their energy costs other states often
look towards them for solutions to their energy problems. Texas has
utilized natural gas to heat instead of using propane, heating oil
or electricity. 43% of the homes in Texas heat with natural gas
compared to 51% of the U.S. homes.
People in Texas are building homes which are larger than was
previously the norm, making heating these new dwellings using
economic energy sources an important consideration. Natural gas is
of course the most popular choice in newly constructed Texas homes
than any other energy source.
Texas does have the advantage of a warmer climate compared to much
of the nation, with some regions being warm enough year round to
make heating costs a minor concern. However, this doesn't change the
fact that natural gas is a more economical fuel for heating and
cooling homes, plain and simple. Natural gas has always been a less
costly energy source than electricity or heating oil.
In a southern state like Texas, cooling is often a more important
issue than heating. Given the high temperatures which are a common
occurrence in the state, it can be costly for Texans to cool their
homes. As far as air conditioning is concerned, electricity is still
the best way to go - yet Texas is right in the middle as far as US
electricity usage by state is concerned.
Because Texas sets in the southern region it battles heat more than
anything. Cooling a home can be expensive, especially when you
consider how many hot days are recorded in Texas. Electricity is the
best option for those who want to cool their homes and based on the
data Texas keeps it right in the middle when it comes to energy
consumption.
The Clean Cities program promotes lower consumption of gasoline,
through encouraging people to limit unnecessary driving, choosing
more energy efficient vehicles and using cleaner fuels. Electricity,
ethanol and other alternative fuel sources are becoming more popular
in Texas; like everyone, Texans are well aware of the importance of
making the switch to cleaner fuels. It is predicted that Texas will
lead the nation in alternative energy in the near future.
The Clean Cities program is always looking for ways to cut down on
fuel consumption. Alternative fuels such as electricity, ethanol and
hydrogen are staples in Texas. They understand the need for clean
burning fuels; a lot of heads are turning towards Texas when it
comes to these types of alternative fuels.
Texas Electric
Deregulation - What You Need To Know
by Jerry Dyess Jr
Thanks to the deregulation laws that came out in 2002, the state of
Texas now offers several of their citizens the chance to choose an
electricity provider. This allows competition to take shape and keep
the big named companies at bay that have held your service for so
long. It doesn't matter if you're looking for better customer
service, lower rates, or just a choice of using renewable resources,
it's out there.
If you remember right only one company would manage distribution in
the past. This means they gained all the profits, no matter how
satisfied or dissatisfied you were with them. While this was a major
disadvantage, today you can deal with companies that actually offer
you what you need. However, to make sure the energy distribution
doesn't accumulate a ton of issues, the Public Utility Commission
oversees everything.
Keep in mind, the entire state of Texas doesn't necessarily have
this option. The good news is that about 75% do, which means the
electric company doesn't have complete control over those bills. In
fact, places like San Antonio and Austin still have the same rules
as year's past. If you're trying to figure out what side of the
fence you're on, just speak with your city utility or co-op to get a
concrete answer.
Even though this law has been in effect for just about eight years,
the future still looks brighter. Even though deregulation can help
with customer service issues or prices, the main benefit will be
having the option to use renewable resources. In fact, if you take a
Sunday cruise around the state you would find that there are tons of
wind farms being built to fight constant air and water pollutants.
We recommend that anyone living in Texas shops for the best product
and service. Since you actually have a choice, it's a lot easier
today. The best thing to do is find all the informative websites
that are out there, and do a little research so you can figure out
which company suits your family's needs the best. Thanks to today's
innovations, the advanced sites will even allow you to compare power
prices in real time. This way you don't have to leave the website to
place orders.
So if you're looking to switch providers, you will be happy to know
that the process is quite simple. All you have to do is the
research, pick a company, have them accept your order, then just
wait for all the information. Probably the best part is you don't
have to call up your current REP and let them know you're leaving.
This keeps away from the hassle of exiting questions, discount
sales, and tons of overall frustration. When everything is complete,
the meter reading will switch hands and you'll receive a new bill
from your new provider. Just keep in mind the old company will keep
sending bills until you've paid them in full.
It's a wonderful thing to have choices, and this is all it takes to
have one with your electric companies. The new company's electric
will be just as reliable as the old since everything happens in the
same frequency. What you will find is that change isn't something to
be afraid of in regards to your Texas electric. You will get the
rates, how the energy is produced, and the support you need to make
life easier. So you can see why having more control over this is
important for you and your family.
Take the time to find out if you have the option to change your
power supplier - you could really benefit. It's not hard to do, and
your service can only get better. Companies now have an incentive to
offer better pricing, cleaner energy, and better quality service.
After all, you could always try your luck with someone else.
Savings For
Your Business
by Jerry Dyess, jr.
The late Milton Friedman was one of the greatest economic minds in
history. It was Friedman who coined the term a business? number one
priority is to earn a profit. Most people understand this. After
all, a business that is not profitable will not be operational for
long. However, most people look at profits from a narrow
perspective. That is, they see profits exclusively in the form of
revenues. This, however, is not completely the case. Profits are how
much you have earned over your expenditures. That means a business
can increase its profits by reducing its expenditures. And, without
a doubt, the biggest expenditure drain a business often deals with
is energy costs. That is why it is critical to cut back on energy
costs if you wish you business to remain profitable. Thankfully,
there are a number of easy ways to do this.
One way to dramatically reduce your energy costs is to use different
light bulbs. Many light fixture can operate with lower wattage bulbs
or even LED light bulbs, which while costing a little more initially
will produce a lot of savings in the long run, as will compact
fluorescent bulbs if it is possible to use them in your existing
fixtures.
Using timers for appliances which use a lot of energy can also save
your business a lot of money on energy. Many businesses simply leave
electrically powered items on over the weekend, resulting in a lot
of wasted resources (not to mention money). Putting these items on a
timer which will automatically shut them off will save a great deal
of money in a relatively short amount of time. Timers are
inexpensive and easily installed as well, so there is really no
reason not to use them in your office.
Insulating a building is a very common way to cut down on expenses.
It costs a lot of money to heat an office and when heat is escaping
due to poor insulation then it is escaping needlessly. Insulating an
office is not an expensive proposition and, like most LED lights,
insulating ultimately pays for itself over time.
Having an energy audit performed can be very helpful. There are
professionals who are expert in helping businesses save money on
energy costs by finding problem areas where energy is going to
waste. By implementing their suggestions, your business could save
untold amounts of money over time with some simple and generally
cheap steps.
In addition to saving a great deal of money for your business, there
is an ancillary benefit as well. Namely, your business will be
contributing greatly to the environment. By taking part in energy
conservation, our natural resources will not be depleted at an
accelerated rate. This connects to Milton Friedman?s assertion that
the greatest social justice a company can perform is earning a
profit. In this particular instance, boosting profits by cutting
energy expenditures creates the ancillary effect of a cleaner
environment. Any company that contributes to such a cause truly is
deserved of acclaim. Why not let your business be among these
companies?
Get the Facts
on Business Electricity
by Jerry C. Dyess
In regards to paying electricity to run a business, it is very
simple to be burned by expensive utilities. In reality, the rate of
electricity has been specified as one of the major issues for small
business owners as mentioned in a survey done by the National
Federation of Independent Business. This is the reason why it is
imperative that you know what to search for when you are looking for
a supplier of electrical power for your Texas Business.
Here are some things to consider when deciding where to purchase
Texas business electricity:
So, how can you pick whether a fixed or variable rate of electricity
is the best for you? Often a fixed rate is the ideal choice if your
business will be agreeing to a long-term contract. The reason for
this is that eventually, energy prices will go up in accordance to
the cost of inflation. Nonetheless, your electricity costs will not
go up for the duration of the contract.
So, how can you decide whether a fixed or variable electricity rate
is right for you? Generally, a fixed rate is the best option if your
business will be entering a long term contract. This is because over
time, energy prices will rise according to the cost of inflation.
However, your per unit electricity cost will not increase for the
life of the contract. In practical terms, this means that you will
be paying less than market rate for your electricity as the contract
progresses. On the other hand, if market rates drop, you may be
locked into a long term contract and unable to renegotiate at a
lower fixed rate.
If you are considering a shorter term contract, a variable rate may
be the way to go. While pricing can be somewhat unsteady, you are
likely to get lower prices in the short term than you would with a
fixed rate electricity contract. Plus, this allows you the
flexibility to enter into a long term contract in the event that
electric prices take a drop that warrants locking in a fixed rate.
Contract Terms - Many providers of Texas business electricity offer
month-to-month plans, mid-term contract terms of up to three years,
and in some cases, even longer term contracts of three years or
more. It's important to choose the plan that best meets your needs,
and to carefully review all facets of any written agreement. In
particular, you should be aware that you may have to pay a
cancellation fee if for any reason you terminate a contract before
the full term is completed.
Environmental Responsibility - In the end, several Texas businesses
buy energy that is made from renewable resources such as solar,
wind, and geothermal energy as well as others. If you would like to
know if the electricity that you buy is "green" energy, just ask
your electric provider, or check their Electricity Facts Label.
If you consider all these points, you will be in a better place to
decide what kind of Texas business electricity is best for your
needs. This will save you money, give you a better understanding of
the terms of your contract, and makes you use resources in a
responsible fashion.
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