Compare 14-Month Electricity Plans in Texas
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ELECTRICITY RATE TRENDS
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Electricity rates in Texas are trending upward due to increased demand, supply chain disruptions, and regulatory changes. To avoid future price hikes, it is crucial for consumers to lock in a plan now. Fixed-rate plans offer financial security and stability, making it easier to manage monthly expenses. To choose the right plan, compare offers from various providers, focusing on contract length and rate per kilowatt-hour, and ensure there are no hidden fees. By acting now, you can safeguard your household budget against rising electricity costs and enjoy predictable energy expenses.
Updated November 7, 2024
How to choose the right plan term length for you
Choosing the right electricity plan term length is crucial for managing your energy costs effectively. Start by assessing your long-term needs and stability. Short-term plans, typically lasting 6 to 12 months, offer flexibility if you anticipate moving or expect significant changes in your energy usage. Long-term plans, ranging from 24 to 36 months, provide price stability and protection against market fluctuations, making them ideal if you have a stable living situation. Consider the rate per kilowatt-hour and any potential fees associated with early termination. By carefully evaluating these factors, you can select the plan term length that best suits your lifestyle and financial goals.
Weekly Average Electricity Rates
6 months
14.65 ¢/kWh
9 months
13.79 ¢/kWh
12 months
15.82 ¢/kWh
14 months
15.46 ¢/kWh
18 months
15.33 ¢/kWh
24 months
15.74 ¢/kWh
36 months
15.57 ¢/kWh
Today's 14 month electricity rates trend
As of now, 14-month electricity plans in Texas average between 11 to 18 cents per kilowatt-hour. This variation is influenced by factors like bill credits, which lower some plans to the lower end, while true fixed-rate plans fall in the middle to higher end of the range. Over the past year, these rates have been trending upward due to increased demand and fluctuating natural gas prices. Historically, 14-month plans offered stability and predictability, but recent market dynamics have caused gradual price increases. Locking in a 14-month plan now can help mitigate the impact of future rate hikes, providing a balanced approach to managing your energy costs in a volatile market.
Best 14 Month Rates by Provider
| Provider | Best Rate | Average Rate | Term Length | TDSPs |
|---|---|---|---|---|
 | 10.50 ¢ 1000 kWh | 13.34 ¢ 1000 kWh | 14 Months | AEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP, LPL |
 | 13.70 ¢ 1000 kWh | 15.17 ¢ 1000 kWh | 14 Months | AEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP, LPL |
 | 13.19 ¢ 1000 kWh | 16.26 ¢ 1000 kWh | 14 Months | AEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP, LPL |
How to get the best 14 month electricity rate
Finding the best 14-month electricity rate in Texas through Gatby is straightforward and efficient. Once you’ve weighed the pros and cons, you may start by filtering for 14-month plans on our website. Gatby provides detailed information on rates per kilowatt-hour, contract terms, and any potential hidden fees. By leveraging Gatby's comprehensive platform, you can easily compare and select the most cost-effective 14-month electricity rate in Texas!
Pros and cons of a 14-month plan
Pros of a 14-month plan
Enrolling in a 14-month electricity plan offers unique benefits. This term length often matches the lease duration for apartment renters, providing a convenient alignment that simplifies moving and budgeting. It ensures rate stability for over a year, protecting you from market fluctuations and seasonal spikes. Additionally, 14-month plans can offer competitive rates and promotional incentives, such as bill credits or discounts. By committing to a 14-month plan, you reduce the hassle of frequent renewals, enjoy predictable energy costs, and benefit from a seamless transition if your lease and electricity plan end simultaneously.
Cons of a 14-month plan
Enrolling in a 14-month electricity plan has some disadvantages. The longer commitment may limit your flexibility to switch plans if market rates drop, potentially leaving you locked into a higher rate. Additionally, early termination fees could apply if you need to cancel or switch before the plan ends, which can be costly. This plan may also be less common, limiting your choices compared to more standard term lengths. Lastly, if your circumstances change, such as moving out of state, you could face difficulties adjusting your energy plan to fit your new situation.
14-month electricity plan FAQs
What are the benefits of choosing a 14-month electricity plan in Texas?
Are 14-month electricity plans more expensive than longer-term plans?
What happens if I need to cancel my 14-month electricity plan early?
How do 14-month electricity plans compare to variable-rate plans?
Can I renew my 14-month electricity plan once it expires?
