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Finding you the best energy plans

First Look: Compare Electricity Rates the Newest Way

Jun 21 2022

If you’re one of the many Texans wanting to shop and compare electricity rates from different providers, listen up. We have a cool new tool for you to use!

Everything Energy’s Personalized Pricing tool lets you sort and filter electricity plans using your very own usage history — gathered from your home’s Smart Meter (with your consent, of course). That data allows us to provide you Everything Energy’s Personalized Pricing tool lets you sort and filter electricity plans using your very own usage history. The data we gather from your home’s Smart Meter (with your consent, of course) allows us to provide you with more accurate bill estimates. With those cents per kilowatt hour (kWh) rates translated into dollar figures, budgeting is a breeze. Best of all, it’s so simple. You can start viewing your personalized pricing and comparing electricity rates in less than five minutes!

Benefits of utilizing your Smart Meter data to compare electricity rates

Your home’s Smart Meter records your electricity usage in real time, typically at 15-minute intervals. Then, it digitally sends that data to your utility [Oncor, CenterPoint, AEP Texas or Texas-New Mexico Power (TNMP)]. Smart Meter Texas™ (SMT) securely stores that data. When you authorize Everything Energy to access that historical data to help you shop and compare plans, you can view:

  • Your lowest, highest and average monthly usage
  • Your usage breakdown by weekend vs. weekday and night vs. daytime
  • Personalized rates and monthly bill estimates from Texas electricity providers
  • Plans that best suit your established usage habits

With all of this information, your search for some of the best electricity rates and providers for your unique needs will provide better-fitting results. For example, imagine your data shows that you use electricity a lot at night. You can select the “Weeknight Discount” filter to narrow your search down to plans that offer lower rates at night.

In short, by considering the big picture, you can make a more informed decision about your next electricity plan.

compare electricity rates
Everything Energy’s Personal Pricing Tool displaying usage analysis

Personalized pricing from electricity providers, at your fingertips

In just three simple steps, you’ll be able to compare electricity rates and find the perfect match to meet your family’s needs, preferences and lifestyle.

Step 1: Help us find your Smart Meter

After you enter your ZIP code on EverythingEnergy.com, you’ll be taken to a page showing electricity plans in your area. In the left navigation of this page, click the “Get Started” button. A screen will appear asking for your service address. This will help us locate your Smart Meter.

Step 2: Obtain an authorization email

To protect your privacy, Smart Meter Texas requires each customer to provide authorization if they want to give a third party (like Everything Energy) to access it. On this screen, simply input your email address and full name as it appears on your electricity bill and select your current provider. After you press ‘Submit,’ check your inbox — you should see an email from Smart Meter Texas.

Step 3: Confirm your authorization

In the email you receive, simply click the Confirm button at the bottom of the email. Then, go back to the Everything Energy screen and let us know that you’ve completed the authorization process by clicking the ‘Permission Granted’ button.

Congratulations! You can now put your own data to work as you shop and compare energy plans from trusted electricity providers in Texas.

Compare electricity rates today

Have you tried our new, personalized approach to shopping for energy? You’re just a few steps away from customized search results. Compare electricity plans and rates, and find the perfect energy match for you. Try it out!

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What is a Time Of Use Electricity Plan?

Apr 07 2021

SUMMARY:

  • Time of Use plans are designed to reduce demand on the electric grid during peak usage.
  • They do this by incenting customers to shift their usage to off-peak times, by offering a lower price for electricity.
  • You can save a lot of money on your electric bill if your usage matches the plan.
Modern home at dusk with all the lights on.

How does a Time of Use electricity plan work?

Traditional electricity plan have a fixed rate that applies to all your electricity use during the billing period. You pay the same rate for your electricity regardless of the time of day or the season you are in. However, time of use electricity plans (TOU) have a variable rate that might be higher during peak hours of day, and lower during times of lower usage. Reliant Energy offers a ‘Free Nights’ and a ‘Free Weekends’ plan, for example, and Green Mountain Energy offers several plans with discounted rates at night, when you are most likely to be charging an electric vehicle.

Time of Use plans are designed to reduced demand on the electricity grid during peak hours. Residential electricity use rises in the morning as people wake up, and wanes as they go to work, rising again in the early evening as people come home and turn on lights, cook dinner, run dishwashers. There are also seasonal shifts – electricity use is much higher on summer afternoons in Texas when all our air conditioners are battling the heat. TOU plans were designed to encourage electricity customers to shift usage to times when there is less demand, with a lower price being their reward for conserving during peak hours. Customers that are able to shift usage can save money on their electricity bill with a TOU plan.

How to save money with a Time of Use Electricity Plan

When reviewing a TOU plan, understand the peak and off-peak hours. Each TOU plan has it’s own distinct usage hours. Peak hours are the most expensive days of the day for billing since everyone uses electricity at that time. Off-peak hours are cheaper because electricity usage is lower. If you can shift usage to the off-peak hours, these plans may save you money on your electric bill. For example, if you are never home on the weekends to take advantage of a plan with lower-priced electricity on Saturday and Sunday, you may not be able to take advantage of the benefits. If you have an electric vehicle, charging during off-peak night hours can save you a lot money. Use this information while shopping for your electricity plan and find the right electricity plan to suit your family’s lifestyle.

Understand the billing plan from your electricity provider; While you may be trying to shift your usage to low-cost hours, you’ll still pay for the electricity you use during peak hours. Be sure to understand what you are being charged during peak hours. It’s important to read the energy facts label when shopping for your plan, which will help you understand what the peak hours cost and keep you from getting surprised.

Navigate lifestyle changes to fit into off-peak hours. Once you understand the off-peak hours and rates of a potential electricity plan, think about how much you can shift your electricity usage into those hours. Can you do all your laundry on the weekend, to take advantage of Free Weekends? Instead of running the dishwasher right after dinner, can you wait until you go to bed, and take advantage of Free Nights? If you have a swimming pool, can you run the pool pump and cleaners during lower-cost hours? The average energy charge displayed on the website includes a certain percentage of usage during each rate period. You can see this number on the plan’s EFL. Look for something like: Average price calculation is based on consumption profile over 12 months of 42% of consumption at
nighttime as defined below. If you can shift your usage, so that you use more that that percentage of your electricity during that period, you’ll pay less than the advertised Average Price per kWh at that usage level.

How do I pick the right electricity plan?

Time of Use plans can definitely save you money if your usage fits the right curve, or if you are able to shift your usage to those lower-price hours. These plans also help keep the electric grid stable by reducing demand that stresses the grid during peak hours. Piqued your interest? Check out the Time of Use plans from our reliable providers.

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