As you shop for Texas electricity plans for your business, here are the few different types you’ll encounter:
Fixed-rate
If you sign up for a fixed-rate plan at a set rate, this is the price you’ll pay throughout the term. Contracts typically last about one to three years. Fixed-rate plans benefit businesses looking to keep energy costs low and predictable.
Variable-rate
With this option, your rate could be low in one month and spike during the next month. These plans can change monthly pricing due to climate, energy load demand, and other factors. Variable-rate plans can be useful for companies seeking short-term solutions and the flexibility to switch plans when they want.
Green energy
Companies can also source more or all of their energy from renewable sources. Green energy plans offer affordable perks and a way to tout your business as being more eco-friendly by reducing its carbon footprint.