Lower Electric Rates in Texas right now

Choosing the right electricity retailer is not as difficult as to know when to choose one. The price of electricity is largely dependent upon the Natural Gas price. So the first thing to understand is when could the Natural Gas prices increase that will affect your electricity bills. The price is also coupled by Government policies or any other unforseen circumstances. For the unforseen, there is no way out. But there is definitely a data for Natural Gas price changes. A better way to do is to look at the historical trend of change in electricity price.

Natural Gas price would be higher when the demand is higher. So, we can easily assume that it shall be in the winter months that the Natural Gas prices go up. Consequently, the electricity rates also rise. Jerry Dyess of Chooseenergy.com recommends locking a contract during Fall months. The historical trend of electricty is divided in to peak and shoulder season. Fall comes under the shoulder season when most electric retailers will be selling off at lower prices.

After you decide for bidding during a fall season, the rates comparison for different electricity providers can be done through many websites on the internet. But that is not a wise thing to do. The best way is to hire an electricity consultant or better still an aggregator that shall help evaluate bids for you, assess the legal language of the contracts. Further, it is also advisable to lock for not more than 36 months. Generally it should be 12 or 24 months so that the contract ends only in the Fall months when the electricity rates are again down so you have a chance of a new better deal and renegotiation.

Not only is "how much to pay" important but also important is "when to pay" and "what to pay". I think the time is ripe for some low electric rates shopping in Texas.