^EHL Collective Fixed 1 Year Oct 2018 tariff costs an average £1,045 a year. It is £176 less than the current typical cost of a UK gas and electricity bill of £1,221 a year. ^^EHL Collective Fixed 2 Year Oct 2018 tariff costs an average £1,076 a year. It is £145 less than the current typical cost of a UK gas and electricity bill of £1,221 a year. These costs are for an average UK home paying by monthly direct debit on a standard gas and electricity tariff with a Big Six supplier. Average usage is currently defined by the energy regulator Ofgem as 12,000 kWh of gas and 3,100 kWh of electricity per year. The amount you actually pay will depend on your usage. Prices correct as of 17.10.2018. Both tariffs are not available for Economy 10 and Prepayment meter customers. The tariffs are expected to be available until 21.11.2018 but could be pulled from the market earlier if application levels are very high.
Switching electricity supplier could shave pounds off your bills. But it’s not always about how much hard cash you could save. You might be fed up with poor customer service, you might want greater visibility of your usage through an app or you might want to choose your supplier based on their green credentials, or whether they supply a smart meter.
Dallas area residents now have the option for choosing their electric provider. However, with all of the different plans that are available, it can be difficult to make the right decision for your particular electricity needs. You may find yourself overwhelmed by the number of options presented to you by all the electric company advertisements or concerned about shady marketing gimmicks.
Price, of course. Prices are expressed in cents/kilowatt hour. Plan types include fixed rates and variable rates. Fixed rates offer consistency throughout the plan term, which can run from six to 36 months. Variable rates can change monthly - they're great when prices go down, but not-so-great when they don't. Finally, if you care about your carbon footprint, you may choose a plan sourced by solar or wind energy.
Fixed-rate, long-term (contract) plans provide stability in electricity rates. If market energy costs suddenly trend upward where you live, you can rest assured that you won’t have to pay more out of pocket. However, if you want to switch to a different, lower-cost plan before the end of the contract term, you’ll likely have to pay a cancellation or early termination fee.
At Quick Electricity, we’ve outlined the best Texas electricity plans ranging from one month to two years. No deposit electricity plans are great for people who are constantly moving, college students, renters, or those who want to try an electric company before locking themselves into a fixed rate energy plan. Long-term plans are for people who want to lock in a low rate, and not have to worry about fluctuations in that rate for quite a while.
For example, shoppers for Texas electricity plans in the 77494 ZIP code in Katy, TX, could find 12-month plans for 6.8 cents/kWh in February; by June, electricity rates had increased 27 percent to 9.3 cents/kWh. As of early September, 12-month plans were up again, to 9.9 cents/kWh – a 6.5 percent hike from June and a 46 percent increase just since February.
If you live in the greater Houston area, there are over 60 different energy suppliers competing for your business. Many of these providers have websites that are confusing and difficult to navigate, their rates buried in misleading advertising and dense jargon. Who has the time to sort through and keep track of options across all these different sites?