Rio Grande Valley residents can now save on average $1,107 on their electricity bill over three years with new Texas Power Switch 100% renewable energy plans.
On January 25, Texas Power Switch, a licensed Texas energy aggregator, held its first energy auction of the year in which retail electricity providers bid their lowest rates. Now, residents living within the Rio Grande Valley are able to secure over $1,000 of savings on their electricity bills thanks to the winning bid from Chariot Energy.
Chariot Energy is offering its two winning plans exclusively to Texas Power Switch participants. Participants can choose to fix their rate for either 12 or 36-months, saving on average $369 – $474 per year compared to the average market price. Both plans are powered by 100% renewable energy and have no hidden fees.
When should you switch?
Anyone living in a deregulated area of Texas can register and switch to one of Chariot Energy’s winning plans. However, before you do this, it is important to understand the terms of your current electricity plan. If you are currently in a contract, switching may result in you receiving an early termination fee from your provider.
You will find your current contract expiration date on your electricity bill. Where this is written varies depending on your electricity provider, but you can usually find it above or below where your bill has been calculated. Often, it is written in small print, so it can be easy to miss!
Here’s what to do once you know your contract situation:
No contract expiration date: If you have no contract expiration date, you are free to switch electricity providers at any time without penalty.
Contract expires before May 31, 2022: If your contract expires before May 31, you can switch through the current Texas Power Switch program without penalty. Just be sure to enter your contract expiration on your registration, so your switch can be arranged on the correct day.
Contract expires after May 31, 2022: If your contract expires after May 31, you could be charged an early termination fee if you participate in the current program. You can still register today and choose to be informed when one of our programs aligns with your contract end date. If the savings outweigh your early termination fee, you can also choose to switch now. Enter your expiration date on the registration form, and you can pick the option that works best for you.
If you’re still unsure about whether you’re in a contract or not, you can send in a copy of your bill to [email protected] and we can help. Please note: If you’re served by an electric cooperative or municipally-owned utilities, your contract will have no end date, and you cannot switch providers.
How to switch and save!
At the end of 2021, the city of McAllen approved a partnership with Texas Power Switch, to help Texans access competitive electricity plans with fair terms and no hidden fees. Anyone living in a deregulated area of the Rio Grande Valley is invited to register! Register for free, with no obligation, at www.texaspowerswitch.com/register. Once your registration is complete, you will immediately be presented with a personalized offer. On your offer, you’ll find all the details about the two winning plans, as well as your estimated annual savings. You can then choose whether to accept or decline your offer. Accepting your offer will initiate the switching process. Declining your offer will result in your electricity service staying with your current provider.
The deadline to accept an offer from Texas Power Switch is March 2. If you have questions about your offer or would like a representative to help you compare your current plan with your offer, you can email [email protected] or call 888-376-2077.
Editor’s Note: The above guest column was penned by Liz Adams, project officer for Texas Power Switch. The column appears in The Rio Grande Guardian with the permission of the author. Adams can be reached by email via: [email protected]
Editor’s Note: The main image accompanying the above guest column shows McAllen City Hall.
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