Edinburg Electricity Rates for Those Moving or Switching
Moving to Edinburg? We get it. Moving to a new home can be overwhelming. There are so many things to do. Picking an electric provider becomes just another item on your to-do list.
Because of this, a lot of people make the mistake of just calling the electric company they had before or asking someone “who provides electricity in my area?”
Don’t make this costly mistake. Edinburg Texas is a “power to choose” electricity market. This means that Edinburg has a ton of electricity providers who compete for your business. This puts you in the driver’s seat and gives you the opportunity to save big by comparing and selecting the electricity provider who has the best deal.
If you are an existing Edinburg resident or business looking to switch providers to save money, we have good news for you. You can probably save on your bill by switching to a cheaper electricity provider. Electric companies in Texas try very hard to get new customers. This results in a competitive marketplace where companies compete to win business by being cheaper than the other guy.
Featured Electricity Rates In Edinburg, Texas
But they tend to take existing customers for granted. They assume that a lot of people will not take the time to shop for a better rate. Because of this, new customers often get better rates than existing customers are paying.
We’re here to save you both time and money by putting your options together in one easy to read and easy to compare format. Compare rates and plan features across multiple residential electricity providers with Vaultelectricity.com
Who Transmits the Electricity to Edinburg?
The electricity provider you choose primarily effects two things: your electricity rate and the name on your electric bill. Nothing else substantial changes about the way you get your electricity. You may not realize that retail electricity providers in Texas don’t deliver the electricity they sell.
Companies called transmission and distribution utilities (TDUs) are tasked with delivering electricity within certain areas of Texas. Within the Houston area, for example, Centerpoint is the utility. Within the DFW Metroplex the TDU is Oncor.
The TDUs not only deliver the electricity but they maintain the electricity lines for your area. If your power goes out you will call Oncor, whatever TDU serves for your area.
This takes reliability of service out of the picture when you are selecting an electric company. This allows you to focus on finding the lowest rate.
Is the EFL of My Electricity Plan Important?
If you want to cut through the marketing language to determine what you are really going to pay for electricity for a particular plan you need to review the plan’s EFL. You should never finalize your decision on an electricity plan without taking a peak at the Electricity Facts Label.
Texas electricity providers publish an EFL for each plan they offer and update the document with every rate update.
Competition in Texas encourages electric companies to be innovative when they are designing electricity plans. On the whole, this innovation can be great for consumers. But it does sometimes make it difficult to compare one plan with the next.
Comparison is made somewhat easier by the fact that all plans publish average rates for 500, 1000, and 2000 kWhs. However, the components that make up the costs of the plans can be very different.
The EFL will contain the formula used to calculate your electricity costs based on your electricity usage. You should be aware of any fixed cost monthly bill charges. Such charges tend to drive up the average electricity rate if you use a relatively small amount of electricity.
You should also be on the lookout for bill credits that only kick in once you use a certain amount of electricity in the month. If you fail to use that amount of electricity for a month, the bill credit can go away and effectively penalize you for not using enough electricity.
The EFL will also contain information about cancellation fees, contract lengths and other plan details.
Commercial Electricity Plans In Edinburg
Finding the cheapest residential electricity rates in Edinburg is easy. Simply compare the best electric rates for Edinburg on our Edinburg residential electricity page. We have the cheapest Edinburg electricity plans in an easy to understand format, making it simple to find the best electricity plan for your home.
Shopping for commercial electricity plans is a different animal all together. Because some businesses in Edinburg can use huge amounts of electricity, commercial rates do not come as a “one size fits all” offering.
For businesses that use less than 300,000 kWh per year, we use the daily commercial rates that the best electricity companies give us every day. Because all of the top power providers give us daily commercial rates, we know which provider has the cheapest electricity rates for Edinburg each day.
For businesses using higher quantities of electricity, we use our blind reverse auction to allow the best electric providers to compete against each other to be your electricity provider. Because it is a blind auction, the power providers do not know what rates the other providers are offering, so they are forced to be very aggressive in the electricity rates they offer your business.
When the auction ends, we present you with the three cheapest commercial electricity rates. We clearly explain all of the offerings, then present you with our recommendation. Once you decide on an electricity plan, we handle all of the paperwork and the switch, making the process as seamless and as easy as possible.
How Do I Reach the Edinburg Utility Company (AEP)?
AEP Contact Information:
For power outages in Edinburg Texas, please call AEP at 1-866-223-8508. To have underground lines located prior to digging in Edinburg Texas, call 1-800-344-8377.
Smart Meter Information:
For information on the smart meter program in Edinburg Texas, click here.