Your Power to Choose Just Got Smarter
You have the power, the power to make smart choices.
Smart Energy Choices, isn’t that what in the end your power to choose should mean? In deregulated areas of Texas, you have the power to choose, and your power to choose can mean a lot of things. It can mean that you have the power to better evaluate the different choices that are available to you. It also means that by being able to evaluate these choices, you have the power to make smart energy decisions. You have the power to access and use your own energy data in order to recognize the different ways in which you can consume electricity wisely.
Smart Energy Choices is about getting the Lowest Total Cost
To select the best cost, you have to realize the difference between the advertised price per kWh and the real total cost. While the advertised price per kWh might seem low, some plans have fees and rate structures that change depending on the time or amount of electricity consumed. That means that the real cost, or the cost containing all of the components of each plan’s rate, may often turn out to be a lot higher than you the advertised price alone. To avoid surprises and unexpectedly high bills, use EnerWisely, and find the best cost based on your actual usage patterns.
With so many plans, how do you find the best deal?
Energy MatchMaker is the only FREE data-driven service available to help you find the electricity plans that match your real usage patterns and give your the lowest total cost, that is real smart power to choose. Since your energy consumption is as unique as you, our patented technology turns your unused electric meter energy data into a personalized Energy FingerPrint that takes into account your usage patterns, lifestyle, preferences, and goals. Next, EnerWisely evaluates the compatibility between all existing options in our comprehensive electricity plans database and your unique Energy FingerPrint to identify to recommend the most optimal plans.
Whether you’re already in a home or moving into a new one, EnerWisely has a solution for you. And if you prefer to view all plans and select on your own, with EnerWisely you are always in control, simply select Browse Plans and see all options available. However, if at any point you prefer a little help, simply press the logo at the top left of the page and let Energy MatchMaker make your selection smarter and easier.
We have developed solutions to help you make the most of a deregulated energy market. EnerWisely is an energy savings platform that simplifies choosing and shopping for an energy plan.
We Believe Big Savings Start With Understanding Your Energy Usage.
An online energy audit and savings calculator that breaks down your energy consumption data into easy-to-read reports. With your authorization, Energy FingerPrint analyzes your personal energy use profile and shows you:
- Electric Use – The platform shows energy use per category (lights, electronics, air conditioning, laundry, etc.), so you know where much of your expenses lie.
- Consumption Patterns – Energy FingerPrint shows your usage broken down by days, nights, weeks, seasons, and more, so you know the specific periods that cause a spike in your bills.
- Energy Leakage – You discover the energy wastage in your home, as well as the money you will save once these leaks are resolved.
- Carbon Emissions – The platform also reveals the environmental impact of your consumption.
The advantage of this calculator is that it goes beyond showing you costs. It shows actionable insights — information that will help you maximize energy usage. Energy FingerPrint shows you how and where to make improvements to save more.
In less than ten minutes, Energy does a free on-line energy audit and generates your Energy FingerPrint. This savings calculator reveals all the ways how you can save up to thousands of dollars in energy expenses.
To choose the right energy plan, we developed the Energy MatchMaker, the only FREE data-driven service available to help you find the electricity plans that match your real usage patterns and give your the lowest total cost. Your energy consumption is as unique as you. Our patented technology turns your unused electric meter energy data into a personalized Energy FingerPrint that takes into account your usage patterns, lifestyle, preferences, and goals. Next, EnerWisely evaluates the compatibility between all existing options in our comprehensive electricity plans database and your unique Energy FingerPrint to identify to recommend the most optimal plans.
Whether you’re already in a home or moving into a new one, EnerWisely can help you find the best deal based on your real usage patterns. And if you prefer to view all plans and select on your own, with EnerWisely you are always in control, simply select Browse Plans and see all options available. However, if at any point you prefer a little help, simply press the logo at the top left of the page and let Energy MatchMaker make your selection smarter and easier.
How Do Electricity Bills Work?
At the end of the day, you create your electricity bills with your choices. Your bill is a direct reflection of how you consume energy and how much electricity you use. It is also a function of your electricity cost, transmission and distribution costs, and taxes. That function can look different depending on the plan you select and its rate structure. That’s why a tool like EnerWisely MatchMaker really provides Smart Power to Choose.
Ultimately, your bill will not only depend on your energy usage but also your plan selection. As a result, you want to ensure that you pick a plan that best fits your lifestyle, preferences, and energy goals. You work hard for your money, so instead of wasting it, you want to save as much as possible. EnerWisely is the only service that calculates matching scores to find the electricity plan with the lowest cost electricity plan based on real usage. EnerWisely is also the only service that maximizes your savings finding and fixing energy leaks, improving efficiency, and reducing environmental impact. Best of all, EnerWisely is free of charge for Texas households in deregulated electricity markets.
How Am I Charged for Electricity?
Multiple factors affect the charges for the electricity that you use.
The Retail Electric Providers buy wholesale electricity, sets the price, and the rate structure of the plan offered to customers. REP’s sells that electricity directly to retail customers in deregulated areas of Texas. When you select your REP, that provider typically buys the electric power they sell from the generation companies.
While some of the larger providers own their power generation plants, most buy from generation companies. REP’s are then charge for the use of the transmission and distribution infrastructure owned by the local Electrical Utility Companies to deliver and meter the electricity sold to consumers. Consequently, the REP’s transfers that charge over to you. Depending on the type of rate you select, the transmissions and distributions charges might be itemized or bundled into the overall electricity cost. One way or another, consumers’ energy cost always includes the value of the electricity itself and the cost of using the transmission and distribution infrastructure.
Another factor to consider is the type of rate structure you’re selecting. In a deregulated market, there are several types of rates and many types of plans to choose from, for example, fixed, variable, indexed, and even wholesale. So you’ll be charged according to the kind of rate or plan that you choose.
In Texas, the sales tax on retail sales is 6.25%. Besides, based on the district, county, city, etc., other types of sales tax can apply. Some businesses qualify for a sales tax exemption on their utility bills. Examples include some manufacturing companies and eligible residential businesses, including nursing homes, also apartments, and condominium buildings with a master meter.
Ultimately, the charges in your electricity bills will depend heavily on your energy use. Electricity consumption is the amount of electricity used over a specific period. Kilowatt-hours (kWh) is the typical unit of electricity consumption. The more power you consume within a given period, the higher your electricity bill tends to be. That’s because usually, use drives the electricity cost in your electricity plan and also drives the transmission and distribution charges previously mentioned.
Electricity Generation, Transmission & Distribution
Electricity moves from the point of generation to the point of ultimate consumption through aninterconnected network known as the electrical grid, which consists of three separate parts:
- Generation – the production of electricity by power plants
- Transmission – the movement of electricity from the point of origin to a distribution system
- Distribution – the delivery of electricity to customers’ homes or businesses by utility companies
Once, the electricity is generated it arrives at an initial transformer. A transformer converts alternating current from one voltage to another and can be designed to “step up” the voltage or “step down.” In preparation for transmission over long distances, the transformer steps up the voltage. Afterwards, transmission lines carry the high-voltage electricity before arriving at a neighborhood transformer, which steps down the voltage. Smaller distribution lines then carry the electricity to households, where transformers on the poles step down electricity once more before it is able to enter your home or business. Where, ultimately, Energy Powers You!
Regulated vs Deregulated Electricity Market
Today, most of TX is deregulated. However, there are still areas of Texas that remain regulated markets. In regulated electricity markets, customers cannot choose their provider and are bound to the utility in that area. They have no choice but to purchase electricity from regional utility monopolies that own and operate all three parts of electric service. Customers also have to purchase at prices regulated by the state and federal government.
What electricity deregulation does is allow consumers to choose their own electric company and encourage free market competition. In deregulated areas, prices can be determined and driven lower than in regulated areas because of the competition. In a deregulated place, a person’s electricity is still delivered to them through local power lines. What changes is the power to choose what source of power to use (renewable content), who they’re buying power from, how much they’re paying for it.
Electricity Market Deregulation and Choice
Deregulation in Texas opens the door to numerous, more flexible energy options thanks to competitive suppliers being able to offer a greater variety of customized solutions. In deregulated areas, every electricity consumer has the power to choose his or her desired providers and plans. It is important to now that once you make a choice, that choice is not permanent. You also have the power to switch electricity providers in order to find the services and rates that continue to best meet your needs and wants.
Smart Up Your Power to Choose: Compare Better & Save More
While a deregulated energy market comes with its perks, it also comes with its challenges. The sheer amount of competition amongst suppliers has made it much harder for people to comparison shop and identify options that satisfy both their cost and lifestyle preferences. With so many different types of electricity plans, rates, contract terms, fees, discounts, etc., there is a generally perceived lack of transparency and a sense of confusion.
Until now, no person had access to easy to use personalized and comprehensive tools to properly analyze and navigate through the hundreds of available electricity choices. Smart power to choose means to understand not only the effective total cost accounting for their actual usage profile and small print, but also the environmental implications of electricity consumption.
In other words, smart up power to choose is about reducing your electricity bills while reducing your carbon footprint, because achieve both is possible with EnerWisely.
The power of choice combined with consumer awareness holds tremendous potential towards achieving sustainable energy for all. That’s why EnerWisely sustainability platform provides users the tools and knowledge to make the most of their energy choices.
Take our Free Energy Audit to Understand Your Consumption
EnerWisely’s Home Energy Audit is a free online energy use savings calculator that helps you understand how you consume energy. It reveals consumption trends, like the categories of use (lights, electronics, air conditioning, etc.) and time-bound metrics (consumption by days, nights, seasons, etc.). It also shows energy wastage and the money you’ll save if you address energy leaks. Lastly, it details the environmental impact of your energy usage.
EnerWisely helps you fetch your electricity meter data and provide you with a clear picture of your energy use and uncovers points for improvement to help you save more.
On top of that, EnerWisely Home Energy Audit is free and 100% online. You can get a full assessment in less than 10 minutes. And you will also get your Home Energy Score in an easy to understand scale from 1 to 10. The higher the score, the better your energy efficiency. Get your score compare with others in your and get personalized recommendations. Start saving energy and money while also reducing your carbon footprint today!
EnerWisely Home Energy Audit works for customers of all electricity companies in Texas competitive markets, 100% done online and it’s free.
Shop the Electricity Market and Get the Best Plan with Energy MatchMaker
EnerWisely’s Best Deal Finder also known as Energy MatchMaker helps you smart up your power to choose. Our smart tool compares all electricity companies and plans available based on your energy consumption to get you the cheapest rates and biggest savings. It helps you fetch your home’s smart meter data to assess how your consumption changes over time.
These details are crucial to determine which plans work for you and which ones will trigger hidden charges. To make things simple, EnerWisely shows you matching scores for each plan. The higher the score the better a plan is for you.
This means that you can compare and shop with confidence of making the right decision to avoid bad bill surprises.
For Customers across Texas
EnerWisely presents an smart online shopping platform, in other words, smart up your power to choose, that caters to people who are moving to Texas or households in Texas that want to switch electricity providers.
For questions about our services, contact the EnerWisely team.