Lowest Electricity Rate in Texas - Switch Electricity Providers to Save Money

Are you looking for the lowest electricity rate in Texas?

Do you live in an energy deregulated area and want to save money on your monthly energy bill?

Do you want your electricity company to not only provide the lowest rates but reward you with free vacations just for paying a bill you were going to pay anyways?

If you answered yes to any of the questions, I can help you out. First, we need to define what exactly the lowest electricity rate really is. Unfortunately, this isn’t like going to the gas station where you can look at the rates and choose which one is cheapest right now and purchase at that price. The reason for this is that there is a delay from the time you choose to change to the lowest electricity rate and the time when you actually change electricity providers. Let me explain with an example.

Let’s say you choose to switch your service to the lowest electricity provider on the first of the month. After you sign up you have to verify with a third party verification service to make sure you wanted to switch. Let’s say this takes a week because of missed phone calls. This means it is now the 7^th of the month. There is a mandatory 10 day right to rescind period so the earliest possible day you can switch is the 17^th. You have to finish up your current billing cycle before switching so if your billing cycle started on the 16^th, it will be the 16^th of the next month before you actually switch and around the 20^th of the following month before you actually get a bill where you can see the savings from switching to the lowest electricity rate. This is 45 days after switching before starting with a new company and 80 days (almost 3 months) before you actually see any savings.

Now the reason this is important is because it is almost certain that 3 months later, the company that has the lowest electricity rate has changed so you are no longer with the lowest price. I am not telling you this to make you think you cannot save money, you just need to look at the long term picture instead of the day to day price changes.

When you look at the big picture, the large companies spend a lot of money on advertising and have a lot of overhead like employees, buildings, and sports arenas. They have to pay for this stuff somehow. This means it will cost more money long term even if they have short term promotions that appear to save you money.

If you know anybody that was on one of the market tracking rate plans that looked really good during the spring, they will tell you that their rate doubled during the summer months so any savings obtained during the spring when electricity use was low, were more than erased during the summer when they used a lot more electricity and paid a lot more for it.

Your best bet will be to go with a smaller company that does not have a lot of overhead. One such company is Dallas, TX based Ambit Energy. Over the long haul, Ambit will provide the lowest electricity rate and save you lots of money when compared to the big electricity companies. You will also earn free travel when you sign up as well as earn points every month towards fantastic vacations like cruises! Ambit also offers a chance for customers to earn free travel by referring friends and family or money by becoming independent consultants and helping other people save money.