We all need electricity in our lives, as it is a vital part of our world. Choosing an electricity provider may seem like a daunting task, but the Public Utility Commission of Texas (PUCT) has put measures in place to ensure that information regarding electricity plans is simple and easy to understand for the consumer.
The Electricity Facts Label (EFL) contains valuable info regarding a selected plan for an energy provider. It tells you the price per kilowatt hour (kWh), the base charge per month,, where your electricity comes from (whether it’s renewable or nonrenewable), and the emissions related to the generations sources. Renewable plans will have fewer or no emissions. EFLs are required for all plans in Texas, so they are standardized across all energy providers. No matter who you go with, the EFL will always look familiar.
The Disclosure Chart details how long the contract is with the selected plan, whether it is a prepaid plan, fixed rate plan, or a month-to-month variable rate plan, any fees or credits applicable to the plan, and how much renewable content is used in the energy generation. The amount of renewable energy, as well as any emissions are compared to the state averages, so you can see how your energy plan stacks up environmentally.
Finally, retail energy providers (REPs) provide their contact information, including phone numbers, email, website, and physical addresses, and their hours of operation. Once you choose a plan, your REP will send you a terms of service document that will detail explicitly what is included in your plan. Never fear, though, the information found in the EFL and disclosure charts will be enough to effectively compare any one plan to another, or even compare plans between several companies.