Texas electric companies want your business. If your business resides in a deregulated energy market in Texas, you’ve got an advantage. You can shop and compare energy suppliers and find the best commercial energy rates that can save money. Businesses owners are always looking for ways to control and cut costs, especially when it comes to energy use. After all, for many businesses, commercial electricity accounts for up to 30% of the annual operating budget.
It can take some time to contact all the commercial electricity companies and compare their options. Vault Electricity can help you get the best rate on electricity from the top energy providers in Texas.
What to look for in commercial energy suppliers
Small, medium and large businesses in Texas can shop around for the best commercial energy rates. Knowing how much electricity you use and the time you use it can help you find the right plan. Here are some things to know about the costs that go into your bill. When it comes to your energy supply costs, it will include energy, capacity, ancillary services, losses, transmission, a renewable portfolio standard and taxes. For natural gas, commodity, basis, fuel or losses and taxes are examples that go into the quote of your energy supply costs.
The best commercial energy suppliers offer a wide range of options to suit your needs. Thanks to deregulation, you can shop around. Compare basic energy plans with contracts that are typically 12-60 months, from fixed to tiered and index price rates. Choose from traditional energy plans to 100% renewable energy plans generated by wind and solar. You may be able to find energy providers that tailor their plans to your industry.
You can lock in a fixed price, so you pay the same constant amount per unit no matter what happens in the market. Choosing a fixed rate is ideal for providing a level of budget certainty. The drawback is that when the energy prices drop, you may miss out on potential savings.
Another option you have is to choose an index price rate, which changes regularly based on how the market is doing. While you may be able to get lower rates, there is a higher risk due to potential price increases in the market.
Compare commercial electricity rates
Did you know that our commercial electricity customers can save an average of 47% on their electricity costs? If your business has less than 5 meters or if your electricity bill is less than $5,000 per month, your business is considered small or medium-sized. You can start saving quickly because small and medium business can shop for electricity themselves. In fact, once you sign a contract, service can begin within 2-3 business days. Plus, if your business has a good credit history, you may not have to put down a deposit.
If your monthly utility bill is more than $5,000 per month, you have a large business. A large company can choose to have Vault Electricity do all the work. We work with dozens of the top energy suppliers in Texas and get you custom quotes. We only work with reputable companies so that you can rest assured that you’re receiving a commercial electricity plan that’s ideal for your business. Plus, with so many energy suppliers in Texas, you’ll be glad to know that we only work with companies that ensure your commercial electricity needs. Our team of experts makes it a smooth process from the get-go.
Let us know what you need, and we’ll do the rest!