Each business has unique energy needs that call for different ways to buy and use electricity. If you are a Houston business, small organization, or other, it is time to look into the best low rate energy companies and choose the most affordable electricity plans for your business.
Perhaps you need simple energy solutions that you can just sign up and forget, or maybe you are looking for ways to optimize your energy expenditure. You may need robust electricity solutions that also reduce your carbon footprint.
Then, you should know that you don’t have to pay the increased rates that your energy supplier charges. Turn to Shop Texas Electricity to compare cheap energy plans and switch to the best electric company in Houston.
Getting a reliable electricity supply is a top priority for every business. Whether to set the right ambiance for your employees and clients or for conditioning the rooms effectively for computers and data centers, you need dependable lighting solutions.
When price fluctuations occur in the Houston energy market, you can rely on us to provide you the most affordable business electricity rates. Find cheap electricity no deposit deals before the quotes expire or the prices rise again.
Enter your Houston Zip code, tell us a bit about your business needs, compare energy rates with our simple online tool, and know what is the cheapest electricity company in Texas.
In any sector, power interruptions may mean loss of valuable business hours, decreased productivity, and equipment and machinery shutdowns. Having access to resilient commercial electricity is vital for the success and survival of any business.
While reliable energy solutions are also needed for Houston residential purposes, loss of power may not mean a risk to the survival of domestic environments. Likewise, you may have seen different rate plans for electricity for residential and commercial use.
The reason for this may be that Houston businesses require much higher volumes of units than average household usage. Since residential customers do not buy power in bulk, as the business owners do, the home electric rates are a bit higher of the two.
Texas has seen some natural calamities like the heat wave in last year or the Hurricanes Harvey, Maria, and Irma over the years, which affected electric supply across the state. In such cases, ensuring energy resilience is the best way to preserve Houston business continuity.
Studies show that during 2012-2016, over 3.4 billion hours were lost when the electricity supply to the customers was cutoff; out of which, only 2,382 consumer hours were due to lack of fuel access to the power plants. However, over 96% of the causes were weather-related conditions, which disrupted the transmission lines and distribution equipment.
The primary difference between commercial and residential electricity bills could be the frequent price fluctuations you see in the business energy market. Furthermore, domestic vs commercial electricity meters vary as the latter accounts for a variable called demand in addition to energy usage.
Electricity demand is the amount of power you need at a given point in time. Your TDUs (Transmission and Delivery Utility providers) have to know your peak demand so that they can be ready to supply that additional amount of electricity at a cost known as a demand charge. Commercial electricity bills have a demand charge besides the energy charge.
But two businesses in Houston with the same electric usage may get different energy bills. One may divide the entire power usage throughout the month, but the other operates all their equipment at a time, which results in higher demand charges and hence, a higher bill.
Peak power costs (demand or peak demand charges) add up to 70% of the business energy bills. They usually show up as kW energy consumption on the TOU (Time of Use) Pricing document.
Before the Texas energy market deregulation, business customers were charged the same flat off-peak electricity rates, irrespective of the time of the day. But since 2002, energy companies have been charging more when customers use a higher amount of energy during peak hours.
Peak electricity demand time of day can be split into three periods:
Peak Hours: On-peak hours see the highest demand for power, and commercial electricity customers in Houston pay the highest rates per kWh. On weekdays, peak hours are from around 10:00 a.m. to 8:00 p.m.
Mid-Peak Hours: Relatively average demand for electricity can be seen from 10:00 a.m. to 8:00 p.m. on weekdays.
Off-Peak Hours: This is the period when the electricity rate is lower than the basic pricing. Since the energy consumption costs are the lowest, this is the best time to use as much energy as you need. From 9:00 p.m. to 7:00 a.m. on weekdays, on major holidays, and weekends, you can avail of off-peak hour rates.
2019 witnessed a scorching summer in Texas that affected commercial and industrial customers who consume around 44% of the total power load in the state. Houston businesses do not pay a flat energy rate, which means the bill is calculated on their power consumption during peak times. Summers, being the peak demand periods of a year, bring about high electricity costs.
Last year, when the Texas power grid recorded the highest peak demand, a few sophisticated electricity consumers and owners of large enterprises analyzed weather forecasts and electricity usage patterns to cut down on power consumption. Per reports, they reduced their bills without any production losses by shutting down their operations during the peak summer demand period; ultimately, that burden went to the home and small business electricity rates.
While there are predictions about electricity rates coming down this year because of the increased and confident 2020 reserve margin from ERCOT, this summer looks to be no different. Business owners like you must make haste and find low rate energy companies in Houston before peak demand season hits.
Enter your Zip code into our simple tool and find cheap commercial electricity providers.
While many informational websites provide the list of the best business electricity providers in Houston, not all plans are the same. You must do your due diligence before choosing a cheap rate plan.
First, consider if any hidden costs may add up to your bills. These could be:
Make sure you understand all the terms and conditions or call the energy supplier to specifically spell them out for you.
Ask the provider if you will face reconnect/disconnect charges or early termination fees. How long does the Houston electric company charge you a specified fixed rate?
Find out how much of the energy supplied comes from renewable sources. You can use your power to choose business electricity to promote green channels by looking for sustainable commercial energy plans.
Average electric price per kilowatt-hour of usage will be mentioned in the EFL document. Choose the commercial electricity plan that fits your annual usage or some providers even offer customized rate plans for Houston businesses.
Look no further to learn how to shop for electricity in Texas.
With Shop Texas Electricity, you can:
Sign up with the best electric company in Houston in two easy steps: enter Zip code, compare and shop cheap commercial energy rates.
Average usage and prices vary by customer and TDSP and are subject to change.