Are you one of the nearly 4 million Texans who reside in an apartment? Apartment living has some unique features to think about when shopping for the best energy provider and plan for your life. Don’t forget about these crucial factors during your search.
What’s the best energy provider for my electricity usage?
Some apartments measure a few hundred square feet. Others offer more space than a typical two-story house. That means the size of your apartment can affect your monthly electricity usage.
Many electricity companies list each of their plan’s price per kilowatt-hour (kWh) online. However, to make an apples-to-apples comparison, you need to understand what that average price is based on. Most commonly, it could be based on electricity usage using 500 kWh per month, 1000 kWh per month or 2000 kWh per month.
Often the prices listed online reflect a monthly usage of 2000 kWh. Living in an apartment, you may not ever use that much in a month. (Check your usage history with your current electric company to see your average monthly electricity usage.)
The price per kWh often rises when you only use 1000 kWh or 500 kWh per month. That means finding the cheapest energy supplier for your apartment is not as easy as just choosing the lowest price listed online.
Remember, make sure you’re comparing apples-to-apples and that the rates are based on monthly usage most similar to yours. For example, if you use around 1000 kWh per month in your apartment, compare rates at that monthly usage.
What’s the cheapest electricity company for my specific needs?
Once you know how to make accurate comparisons, you can start shopping for electricity. However, the best electricity deals for your specific apartment and life might not be the ones with the lowest price per kWh.
In addition to your monthly usage, you should also consider your usage habits. For example, are you a night owl who does laundry, dishes and other electricity-consuming activities from dusk to dawn? Or maybe you’re away from your apartment most of the workweek, but a homebody during the weekends. In these cases, the best energy provider for you may be one that offers a Time of Use plan.
What is a Time of Use plan?
A Time of Use plan offers a lower price per kWh during certain timeframes like nights or weekends. With some plans, those hours are even free! So, don’t veto an energy plan that has a higher rate listed. It may actually net you the lowest cost if your usage habits align with the discount timeframes.
To fully understand a Time of Use plan’s pricing and see if it will benefit you, refer to the Electricity Facts Label.
Where can I find the best energy provider for my apartment life?
Shopping and comparing electricity plans from some of the best energy providers in Texas has never been easier. Simply enter your ZIP code at Everything Energy. From there, you can make apples-to-apples comparisons of energy plans and pricing based on your estimated monthly usage. You can even see monthly bill estimates to make the choice even simpler. Check it out today!