Texas Electricity Deregulation

Post on 30-Jan-2015

2.687 views 2 download

description

A high level overview of electricity deregulation in Texas and how to compare and shop for an electric plan.

Transcript of Texas Electricity Deregulation

Electricity Shopping in Texas Made Easy

Texas Energy Deregulation

Overview and the Switching Process

Background

» The largest electricity market in the United States

» 11th largest worldwide market

2

Introduction

» January 1, 2002 Electricity deregulation came into force of Texas Senate Bill

» Since 2002, approximately 85% of commercial and industrial customers and approximately 40% of residental customers in Texas had switched power providers at least once.

3

Electricity Basics

» The Competitive Electricity Market

» Retail Electric Providers (REPs)/Electric Companies

» Power Generation Companies

» Transmission and Distribution of Electricity

» Repairs and Emergencies

4

Reasons to Consider Switching

» You have the right» A wide variety of electricity

products and plans available in the marketplace, you may find a plan that provides you with significant savings or provide more certainty than your current plan.

» You may also want to consider switching to an electricity product that uses primarily renewable energy.

» Some Retail Electric Providers also have other value-added services

5

Questions to Ask Yourself

» Am I satisfied with my current Retail Electric Provider?

» Do I have a contract with my current Retail Electric Provider that includes a cancellation fee?

» I am on an average monthly payment plan - will it continue if I switch to a different Retail Electric Provider?

» Will I have to pay a deposit?» What if I miss a payment?» Is there a cost to switch

providers?

6

The Switching ProcessEnter your Zip Code

Compare and Shop Electricity plans and providers

Switch and start saving

7

The Switching Process

» Your new electric service plan won’t take effect until your next scheduled meter read, which could take up to two billing cycles or sooner if you will ask.

8

The Switching Process

» Switching providers will not interrupt your electricity service

9

The Switching Process step by step

10

Go to www.shoptexaselectricity.com

The Switching Process step by step

» Enter your ZIP

11

*****

The Switching Process step by step

» Shop and Order electricity plan of your choice.

12

The Switching Process step by step

» Follow your new Retail Electric Provider’s instructions to finish your order

13

Electricity Shopping in Texas Made Easy

14www.ShopTexasElectricity.com

Electricity Shopping in Texas Made Easy