Prepaid : Prepaid plans re quire you to pay for electricity before you use it.

We’ve included it here to be clear about your options. While you may see “prepaid plans” referenced frequently, pricing doesn’t technically count as a separate plan type. The range of variation depends on the formula your provider uses, so be sure to read the contract carefully before committing. However, instead of calculating your rate based on the market value of electricity, your provider bases i t on a commodity index. As with a variable plan, the rates in an indexed plan can change over time. Indexed: Indexed plans are less common than the previous two, but you may still see them. The key advantage is that you can cancel a variable plan anytime because there is no contract. Your plan’s stability (or instability) depends on its rate structure, but the main feature to remember is that it will change over time. Variable: A variable electricity plan provides less stability than a fixed plan, as the rate you pay changes when wholesale energy costs fluctuate. Because these plans include a contract, you’ll pay an early termination fee (ETF) if you cancel before your plan expires. A fixed pla n is a good option for people who prefer stability and don’t want to worry about fluctuating market prices. The terms and rates inside will remain the same for the duration of your contract. The different types of plans are as follows:įixed: A fixed electricity plan is exactly what it sounds like. Although it can impact your electric rate, the plan type relates to more than cost alone - it also affects how predictable your rates will be over time. Energy Information Administration, Form EIA-861M (formerly EIA-826), Monthly Electric Industry Power Report.įorm EIA-826, Monthly Electric Sales and Revenue Report with State Distributions Report įorm EIA-861, Annual Electric Power Industry Report and Form EIA-861S, Annual Electric Power Industry Report (Short Form).The first step to picking an electric plan is understanding the different types of energy plans you’ll encounter. Net generation is for the calendar month while sales and associated revenue accumulate from bills collected for periods of time (28 to 35 days) that vary dependent upon customer class and consumption occurring in and outside the calendar month. Sales and net generation may not correspond exactly for a particular month for a variety of reasons (i.e., sales data may include purchases of electricity from nonutilities or imported electricity). Changes from year to year in consumer counts, sales and revenues, particularly involving the commercial and industrial consumer sectors, may result from respondent implementation of changes in the definitions of consumers, and reclassifications. Utilities and energy service providers may classify commercial and industrial customers based on either NAICS codes or demands or usage falling within specified limits by rate schedule. See Technical Notes for a discussion of the sample design for the Form EIA-826. Values for 20 are preliminary estimates based on a cutoff model sample.

Values for 2022 and prior years are final. Values include energy service provider (power marketer) data. Geographic coverage is the 50 States and the District of Columbia. See Technical notes for additional information on the Commercial, Industrial, and Transportation sectors.

Texas electricity rate