Texas Electricity Plans for Your Lifestyle
Advantages of a Variable-Rate Electricity Plan
- Potential for Savings: If market conditions cause electricity prices to decrease, you could end up paying less than you would with a fixed-rate plan.
- Flexibility: You typically aren’t required to sign a long-term contract for a variable-rate plan, making it a more flexible option.
- Energy Awareness: Since power rates can fluctuate with these plans, you might become more mindful of your energy consumption, especially during peak hours.
Who Can Benefit from the Gexa Flex Plan?
There are certain types of consumers who might want to consider a Gexa Flex Plan.
Risk-Tolerant Consumers
If you don’t have an issue with fluctuating prices and are okay with the potential for both savings and higher monthly bills, this plan could be for you.
Consumers with Flexible Usage
If you’re able to adjust your energy use, such as by running appliances at night, you might benefit from lower rates during off-peak hours.
Renters or Short-Term Residents
If you’re not planning to stay in one place for very long, the Gexa Flex Plan might make more sense since it doesn’t require a long-term commitment.
FAQs About Variable-Rate Electricity Plans
The opposite of a variable-rate plan is what’s known as a fixed-rate plan. With a fixed-rate electricity plan, you’re charged the same amount per kilowatt-hour of electricity for the duration of your electricity contract, regardless of changes in the market.* Essentially, your electricity price is locked in for the term of the plan, which is often between 12 and 24 months.
Whether it’s better for you to have a fixed or variable rate for electricity depends heavily on your specific circumstances, risk tolerance, and energy usage patterns. If you value bill predictability and protection against rising prices, a fixed-rate plan might be best for you. If you’re open to the possibility of higher energy bills some months so that you can save money other months when an electricity price reduction occurs, a variable-rate plan could be a good fit for you.
In addition to fixed-rate and variable-price plans, Gexa Energy offers a variety of usage credit plans, which provide customers with Usage Credits between $50 and $125 towards their electricity bills when they meet certain usage criteria.** Gexa also offers special energy plans for owners of solar panels and electric vehicles.
*The Energy Charge charged by Gexa Energy on fixed price plans is fixed and will not change during the initial term of your plan. The Energy Charge associated with variable price and month to month products may be higher or lower each month. For fixed and variable plans, the total price of your electricity may be adjusted to reflect changes in TDU charges, third party fees, or changes in law or regulation that result in the imposition of new or modified fees or costs on Gexa Energy. See Electricity Facts Label and Terms of Service.
**A Usage Credit will be included for each billing cycle when your usage on the plan is above or equal to the plan threshold. There is no Usage Credit for a billing cycle when usage on this plan is below plan threshold. Please review the EFL details to determine your price calculation for additional usage levels.
Gexa Energy purchases renewable energy credits (RECs) from renewable generation resources throughout North America to match 100% of the energy sold under your electric plan. The RECs Gexa purchases represent the renewable attributes of power generated from a variety of renewable energy sources, including, but not limited to, the sun, wind, geothermal, hydroelectric, wave or tidal energy, and biomass or biomass-based waste products, including landfill gas.