What is month-to-month electricity?
A month-to-month electricity plan allows customers to buy energy without committing to a long-term contract. This flexible energy solution is great for consumers who need a short-term energy plan. Texas Electric Rates partners with TXU Energy to offer month-to-month energy options for Texas residents.
TXU Flex Rewards energy plan
TXU Energy is one of the largest retail electric companies in Texas, and it offers a variety of energy plans, including variable-rate plans. Our marketplace features TXU’s month-to-month Flex Rewards plan for customers searching for a short-term plan. Discover a few key details about this energy plan to determine if it is a good match for you.
- Month-to-month plan with no contract
- 60-day satisfaction guarantee for new customers
- 3% cash-back loyalty reward program
- No early termination fees
Are month-to-month electricity plans beneficial?
Month-to-month electricity plans are a good opportunity for consumers who want a flexible energy plan with no long-term commitment. Customers who rent or are in a transitional period typically benefit from this type of plan. However, there are a few drawbacks to monthly electricity plans. These plans usually offer a variable rate, meaning the electricity rate can change each month. Since the rate is subject to fluctuations in the energy market, consumers may face price spikes during times of high demand. In Texas, consumers often experience high energy costs in summer, winter, or during severe weather events. Keep this in mind when considering a month-to-month electricity plan — it’s always best to plan ahead when it comes to your electricity options.
Month-to-month electricity FAQ
Do month-to-month electricity plans require a deposit?
Deposits depend on the electricity provider’s policy. For TXU Energy, you may need to pay a deposit to begin service if your credit score does not meet the provider’s credit threshold. The deposit will be waived if your credit score is above the limit.
Are month-to-month electricity plans cheaper?
Month-to-month electricity plans are not the cheapest energy option available to Texas consumers. Since month-to-month plans do not have a contract, the electricity rate can change monthly and be subject to high seasonal energy costs. Fixed-rate plans tend to have the lowest electricity rates and offer protection from price spikes.
