Electric Rates in Texas are Falling

The electric rates in Texas are the most amicable in the present days. A major reason is the price of Natural Gas which is the major source of electricity in Texas. The Natural Gas prices have fallen by around 40% since the start of this year and this has had a positive effect on electricity rates and a good thing for all electricity buyers.

This seems to be the best time to rework your electricity contracts and bids as companies are offering plans below 12 cents per kilowatt-hour. So while you may have been well bound with a provider on a higher bill rate earlier, this is the time to rework it. As it turns out, some people found it economical to switch a provider and pay for the cancellation charges with the existing provider than to continue with it till the term ends. Some people could negotiate rate with their existing providers and struck a better deal that save them a no of $$$.

The energy rate at present could go anywhere down to 10 cents per kwh. The savings are really important to all of us in such times. A dollar saved is like a dollar earned. It is hence logical to rework your contract sheets and take out time, save some hundreds.