Compare Matthews Electricity Rates and Plans (November 2024)

Types of Electricity Plans in Matthews

As you compare available plans in Matthews, you’ll find multiple plan types, such as:

Fixed-Rate Energy Plans

Fixed-rate plans: With fixed-rate plans, you'll be paying the same rate for every kilowatt-hour of power you use during your electricity contract. It's a straightforward and predictable way to manage your energy costs. Contracts usually range from one to three years. So, here's the deal: if you decide to cancel your plan before your contract is up, you might end up having to pay something called an early termination fee (ETF). One great thing about fixed-rate plans is that the price you pay for energy stays the same, which means you don't have to worry about sudden increases in the market.

Provider	Rate	Term Length
	14.8 ¢ 1000 kWh	12 months	Sign up
	14.8 ¢ 1000 kWh	12 months	Sign up
	14.8 ¢ 1000 kWh	12 months	Sign up
	14.9 ¢ 1000 kWh	24 months	Sign up
	14.9 ¢ 1000 kWh	12 months	Sign up
	15.0 ¢ 1000 kWh	12 months	Sign up
	15.1 ¢ 1000 kWh	36 months	Sign up
	15.1 ¢ 1000 kWh	24 months	Sign up
	15.1 ¢ 1000 kWh	12 months	Sign up
	15.2 ¢ 1000 kWh	14 months	Sign up

Variable-Rate Energy Plans

Variable-rate plans: Variable-rate plans work by adjusting your monthly electricity rate according to the current wholesale electric prices. This means that your rate can go up or down depending on the market conditions. You don't need to sign a contract for this plan type. You can easily switch electric plans in Matthews whenever you want. Just so you know, with variable-rate plans, the cost of electricity can go up during times when there's a high demand for it. This is because when demand is high, the wholesale cost of electricity also increases.

Provider	Plan Name	Rate	Term Length
	Champ Saver-1	18.9 ¢ 1000 kWh	1 months
	PowerShift Payback 12	14.9 ¢ 1000 kWh	12 months
	PowerShift 12	15.5 ¢ 1000 kWh	12 months
	PowerShift EV 12	15.3 ¢ 1000 kWh	12 months
	Champ Saver-1	18.9 ¢ 1000 kWh	1 months
	PowerShift Payback 12	14.9 ¢ 1000 kWh	12 months
	PowerShift 12	15.5 ¢ 1000 kWh	12 months
	PowerShift EV 12	15.3 ¢ 1000 kWh	12 months
	Champ Saver-1	18.9 ¢ 1000 kWh	1 months
	PowerShift 12	15.3 ¢ 1000 kWh	12 months

Renewable electricity plans in Matthews

Renewable energy plans: Every electricity plan you come across in Texas will include a certain percentage of green energy. Pretty cool, right? It can differ depending on the company and the specific package you choose. There are certain electricity providers, such as Rhythm, Ohm Connect, and Champion that only offer green energy plans. This means that all the electricity they provide comes from renewable sources, which is great for the environment.

Provider	Plan Name	Rate	Renewable %	Term Length
	Green Energy-24	15.8 ¢ 1000 kWh	100 %	24 months	Sign up
	Simply Select 12	15.8 ¢ 1000 kWh	100 %	12 months	Sign up
	Simply Select 14	15.4 ¢ 1000 kWh	100 %	14 months	Sign up
	Simply Select 24	15.9 ¢ 1000 kWh	100 %	24 months	Sign up
	EVConnect 12	14.9 ¢ 1000 kWh	100 %	12 months	Sign up
	Simply Select 6	13.6 ¢ 1000 kWh	100 %	6 months	Sign up
	Simply Select 36	16.6 ¢ 1000 kWh	100 %	36 months	Sign up
	12 Month GREEN Usage Bill Credit	15.3 ¢ 1000 kWh	30 %	12 months	Sign up
	12 Month Usage Bill Credit	14.5 ¢ 1000 kWh	30 %	12 months	Sign up
	12 Month (No Min Usage Fee)	16.0 ¢ 1000 kWh	30 %	12 months	Sign up

No-deposit electricity plans in Matthews

No deposit plans: Before providing service to a residence or place of business, certain Matthews-based electricity providers demand a deposit. If you want to skip the hassle of paying a deposit, you can check out electricity companies in that offer no-deposit plans, like prepaid options. With prepaid plans, you can pay for your electricity ahead of time and easily add more funds to your account whenever you need to. They are also useful for consumers that don’t have a social security number.

Provider	Plan Name	Rate	Term Length
	6 Month - prepaid	18.1 ¢ 1000 kWh	6 months	Sign up
	12 Month - prepaid	18.7 ¢ 1000 kWh	12 months	Sign up

• If you're getting ready to move to a new place in Matthews, it's super important to think about your energy provider early on. You should start looking for a new energy provider at least a month before your move. That way, you'll have plenty of time to check out different companies, pick the best plan for you, and sign up without feeling rushed.
• When it's time to cancel your current energy plan, just be aware that there might be an Early Termination Fee (ETF). But don't worry! Even if there's a fee, switching to a new plan with lower rates could still save you money in the long run. You can figure out if paying the ETF is worth it by calculating potential monthly bill savings. And guess what? You will not have to pay an ETF if you're moving to another service address, moving out of your provider's service area or if you end your plan within two weeks of your contract's end date.
• If your move is still within your current provider's service area, you have the option to transfer your plan to your new home without any extra cost. This smooth transfer can help you keep your energy service consistent during the moving process.

• If you want lower rates, consider a longer-term plan:Variable-rate plans may offer low rates occasionally, but you are exposed to price hikes – especially during summer. A fixed-rate plan locks your rate for the entire contract term.
• Read the Electricity Facts Label (EFL), not only the advertised rates:Electricity providers are legally required to provide an for each plan, which is a document with detailed pricing information. By reading the EFLs, you can rule out any plans with hidden fees or unfavorable contract terms.
• Consider your monthly consumption when comparing energy plans:Electricity plans show the average rate paid at 500 kWh, 1,000 kWh and 2,000 kWh per month. Make sure you are comparing rates at your consumption level since prices vary.