Cheap Electricity in Laredo: How to Get the Best Energy Rates

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Key Takeaways

  • You can compare energy companies and plans online to find the cheapest energy rates and the plan that best matches your needs.
  • The cheapest energy plan may not always be the best option. When choosing an energy provider, you should also consider new customer promotions, fees, and more.
  • Local programs can help make energy bills more affordable through education, home upgrades, and financial assistance for low-income households.

Monthly budgets can be difficult, especially when you must account for variable expenses like your electric bill. While some electric companies will allow you to switch to a fixed-billing setup, you often must meet specific qualifications. Fortunately, as a Laredo, Texas resident, you have various ways to get cheap electricity and help mitigate the chances of your electric bill muddying up your budget.

Below, we dive into various methods for finding cheap electricity in Laredo, including switching electricity providers, leveraging government programs, and more. We also discuss reducing consumption for more sustainable savings.

How Can I Compare Electricity Rates in Laredo to Find the Best Deal?

Laredo has a deregulated energy market, meaning you can choose your provider based on rates, service, and other variables. This means comparing electricity rates is a big part of the energy shopping process. That may sound a little overwhelming on the surface. Fortunately, you have several options to compare and shop for plans online, including Power to Choose from the Public Utility Commission of Texas (PUCT) and Just Energy’s online comparison interface.

Find out why over a million customers trust Just Energy!

When comparing energy plans and electricity service providers, you should consider these factors:

  • Rate type: You can choose between a variable- or fixed-rate energy plan. A fixed-rate plan generally has a higher energy rate upfront, but you are locked in at that rate and never need to worry about fluctuation. A variable-rate plan often starts with a lower rate, but you risk sudden increases, driving it higher than a fixed-rate plan.
  • Plan length: Most energy companies will require a contract ranging from a few months to several years. A short contract allows you to change providers more frequently without paying an early termination fee (ETF), but you risk running into higher rates more frequently at contract expiration. A longer-term contract may lock you in at a higher rate, but you’re guaranteed that rate through the contract term. However, there’s a greater chance rates would drop during a long contract, and you’d have to pay an ETF to switch to a cheaper plan.
  • Monthly fees and additional charges: Watch out for hidden fees in the contract that can offset any savings you get on the rate. You’ll also want to pay attention to the ETF to ensure it’s affordable if you decide to break the contract.
  • Renewable energy options available: If you want to reduce your carbon footprint, a renewable energy option with your energy provider can help without paying for solar panels. Many retail electric providers (REPs) get a percentage of their energy from green sources and offer the option to go 100% renewable for a monthly fee.
  • Customer reviews: Rates are awesome to start with, but you also want to check out customer reviews to see what issues a REP For example, if customers constantly complain about poor customer service from a REP offering the cheapest electricity in Laredo, it may not be worth the headache.
  • Rate fluctuations: Many providers have time-of-use rates that vary by the time of day. Always review these and consider your electricity consumption. If an energy company offers a great rate but only for off-peak hours, and your consumption happens during peak hours, it may not be worthwhile.

Can Switching to a Different Electricity Plan Save Me Money in Laredo?

Yes, since Laredo has a deregulated electricity market, switching REPs can save you money on your monthly energy bill. You can start by reviewing rates and finding REPs with the lowest rates in your area. However, make sure you consider all the other variables we mentioned above, including:

  • Rate type
  • Plan length
  • Monthly fees and additional charges
  • Renewable energy options
  • Customer reviews
  • Rate fluctuations

Another consideration is any special promotions an energy provider is offering. For example, some providers offer free nights and weekends or monthly bill credits to attract new business. These promotions may make a REP with higher rates more attractive overall.

Are There Green Energy Options in Laredo That Are Competitively Priced?

Environmental awareness and consumer interest in green energy continue to grow. Unfortunately, solar panels and other renewable options aren’t in the cards for every household for various reasons. However, many folks can still support renewable energy through their REP in many cases.

Many REPs in Texas already produce a small portion of their energy using renewable sources, such as solar panels or wind turbines. Some REPs also offer the option to switch to a 100% renewable energy plan for a small monthly payment or a slightly higher per-kilowatt-hour (kWh) rate. The electricity supplied by these plans may be produced by renewable energy sources, or the REP may buy renewable energy credits to offset customer usage. Check the EFL or the terms of service to confirm.

Switching to a green energy plan not only helps support a more sustainable energy grid but can also offer opportunities for cost savings, as many providers are incentivized to make renewable options financially attractive.

Another thing to remember while considering a green energy electricity plan is its current and future local job creation and economic development. When you pay for a renewable energy source, you inject much-needed cash into the renewable energy market. This added cash can help spur more local green energy development, stimulating the local economy and helping create new jobs installing and maintaining this technology.

What Are the Best Ways to Reduce My Electricity Consumption and Lower My Bills in Laredo?

Cheap Electricity in Laredo Texas Woman Examines Bill

Finding the cheapest Laredo electricity rates can help keep your electric bill lower now, but Laredo electricity prices could increase. You can help make your residential electricity savings more sustainable by reducing your overall energy consumption.

Some ways to reduce your electricity usage and complement getting the best electricity rates include:

  1. Upgrade to LED lighting: LED light bulbs consume up to 75% less electricity and last up to 25 times longer than incandescent bulbs.
  2. Implement smart home technology: Smart technology, such as a smart thermostat, can help automate your home and lower your monthly usage of electricity.
  3. Unplug devices: Many electronic devices are energy vampires, meaning they continue using electricity while plugged in, even if you’re not using them. Unplug these devices when not in use.
  4. Manage appliance use: Schedule energy-intensive tasks, such as running the dishwasher or washing clothes, for off-peak hours to take advantage of lower rates.
  5. Maintain your appliances: Proactively maintaining your appliances, such as regularly changing your HVAC filter, can help them run more efficiently and save energy costs.

Your Satisfaction is Our Priority

We're confident you'll love your plan, but if not, call us, and we’ll help you find the perfect plan without any extra cost.*

<p class=”disclosure”>*Just Energy will help you find a plan that fits your needs. Please note that new plans will come with a new contract and the end date of the new contract will change to reflect the terms of the new plan. There is no fee to make a plan change, but you will be subjected to the terms and conditions of the new plan.</p>

Are There Discounts or Assistance Programs Available for Low-Income Families in Laredo?

Yes, Texas has several government programs to help low-income households afford their energy bills, including:

  • Comprehensive Energy Assistance Program (CEAP): This federally funded program helps low-income households meet their energy needs and budgets by offering direct bill-pay assistance and ongoing education in energy efficiency.
  • Weatherization Assistance Program (WAP): The Texas WAP, which also uses federal funds, helps low-income households improve their energy efficiency by funding energy-saving upgrades. These upgrades include new windows and doors or updating your home’s insulation.

On top of these programs, some energy providers may offer assistance, too. This assistance for those struggling to afford their monthly bills can include:

  • Monthly bill discounts
  • Energy-efficiency education
  • Fixed monthly billing

You can also reach out to local nonprofit organizations to see what assistance they offer. Many organizations can help you pay a monthly bill if you’re in a financial hard spot or can help upgrade a sorely outdated and inefficient home.

How Do Fixed-Rate and Variable-Rate Plans Differ in Terms of Costs in Laredo?

Before choosing between a fixed-rate and variable-rate plan, you’ll want to fully understand their difference to make an informed decision.

Fixed-rate plans are great because they lock you into an electricity rate for the length of the contract. This provides you with much-needed stability to streamline your monthly budgeting. The downside is they often start at a higher rate than their variable counterparts. Plus, if rates fall, you can only get the lower rates by canceling your contract, paying a cancellation fee, and entering a new contract at the lower rate.

A fixed-rate plan is best for someone on a fixed budget who needs stability and doesn’t have time to constantly monitor the Laredo electricity plans to find the most affordable electricity.

Variable-rate plans have rates that change depending on market conditions. The first advantage is that they often offer lower rates than a fixed plan initially, and you automatically get a lower rate if the market rates fall. However, if rates increase, you will likely see an increase in your monthly bill.

A variable-rate plan is ideal for a savvy shopper who’s always looking for the best electricity plan and is willing to frequently change plans to get the best rates.

Choosing between a fixed rate Laredo energy plan or a variable rate one comes down to two things:

  • Your tolerance of risking running into higher rates on a variable rate plan. If you’re open to this risk to reap longer-term savings, a variable-rate plan may be a good option.
  • You understand energy market deregulation and how to shop for lower rates If you understand the market and have the time to shop for a plan regularly, a variable-rate plan may be a good option.

Finding Cheap Electricity in Laredo Can Help Stabilize Your Monthly Budget

Cheap Electricity in Laredo Can Help Stabilize Your Monthly Budget

Monthly budgets can be tough enough to maintain without considering variable costs, such as energy bills. By finding cheap electricity in Laredo and adjusting your energy usage to reduce consumption, you can ease the impact of your electricity bill on your monthly budget now and in the future. Just Energy can help you secure the best Texas electricity rates by allowing you to compare Laredo electric companies online and choose a plan that best suits your needs.

Brought to you by justenergy.com

All images licensed from Adobe Stock.

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Plan length
Monthly fees and additional charges
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Weatherization Assistance Program (WAP): The Texas WAP, which also uses federal funds, helps low-income households improve their energy efficiency by funding energy-saving upgrades. These upgrades include new windows and doors or updating your home’s insulation.
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The post Cheap Electricity in Laredo: How to Get the Best Energy Rates appeared first on Just Energy.

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