5 Tips for Finding the Best Electric Company

Some states, like Texas, have deregulated electricity markets, giving people the power of choice over their electricity provider. While it’s nice having the option to compare companies and choose the best one for you, it can make for a long and complicated process. There are many power companies out there, and they all offer different things. So, how do you choose? Here are five tips for finding the best electric company:

Research Power Companies in Your Area

While this tip may seem obvious, it’s a necessary first step. Research power companies in your area and compare their features, rates and offers. This is also a good time to reach out to your neighbors, friends and coworkers to see if they have any experiences to share. The people around you can give you helpful feedback for which power companies they recommend you try and which you should avoid.

Compare Rates and Contract Requirements

One of the most important things to look at when choosing an electric company is rates. This is how much you’ll be charged per kilowatt hour of electricity you use. Take some time to look around and compare how much different companies are charging.

Also pay attention to contract requirements. Some power companies will lock you into a contract with the promise of low rates. You can’t change the service if you decide you don’t like it until the contract is up. It may be worth considering a power company that doesn’t require a contract.

Pay Attention to Credit Checks and Deposits

Some electric companies require credit checks and/or deposits. For people with below average credit or a tight budget, this may be a concern. Everybody needs electricity, but not everybody has a perfect credit score or the money to put down a deposit. Some companies, like Pronto Power, don’t require either. This is something to consider when finding the best electric company for you.

Look for Flexible Payment Options

Everyone falls on hard times, and sometimes people find themselves behind on their bills. Many electric companies charge sizable fees for late payments or overdue account balances. When choosing a power company, check for flexible payment options, like deferred payment plans or other account protections. That way, you won’t lose electricity or be punished for facing unexpected life challenges.

Compare Billing Structures

There are plenty of billing structures power companies offer, such as traditional postpaid or prepaid. You are likely most familiar with traditional billing structures, which charge all at once for the total amount of electricity you used that month—the surprise bill. Power bills from traditional companies are hard to estimate, making creating a budget difficult.

On the other hand, prepaid billing structures allow you to pay for power in advance. You choose how much to load onto your account at a given time, and the electricity you use deducts from there. You can track how much electricity you use, making it easier to estimate how much money you need to budget out for your power bill.

There’s a lot to consider when finding the best electric company for you. Here at Pronto Power, we pride ourselves on being the premier prepaid electric provider in Texas. To learn more about what we offer, visit our website.