Texas Energy Savings Day is celebrated on September 7. The majority of Texans are overpaying for their electricity, and with so many complicated plans and bills, many Texans don’t even realize it. By staying on top of their energy contracts and learning how to better understand their bill, Texans have the opportunity to reduce their electricity bills — sometimes massively.
History of Texas Energy Savings Day
How did it get to this?
Texas has an annual energy consumption equal to that of Great Britain and Spain. This is one of the reasons why electricity deregulation in Texas was signed into law in 1999 under Texas Senate Bill 7. The law went into effect in 2002, officially ending the state’s regulation and control of the electricity supply. The goal was to open the market for electricity providers to create more competition and give Texans the ability to choose their own provider and plan.
Although this move was initially intended to reduce electricity prices for Texans, it has become more apparent in recent years that deregulation has had the opposite effect.
So, why are Texans now paying more?
The main reason is that in order for the power of the market to result in the most competitive rates, people need to consistently shop around for the best plans. Otherwise, their contracts expire. Once a contract expires, you are automatically placed on a month-to-month plan, where providers can change your electricity rate each month. Surprise: these rates are usually much higher than contract rates! The worst part? Many people don’t even realize they are being charged higher than the market average — sometimes more than double the market average!
That doesn’t seem right.
Unfortunately, it’s true. Plans offered are intentionally confusing, and bills aren’t much easier to understand. In addition to this, many Texans just want something simple. Trying to shop around for a new contract every year or two is just too much work.
That’s where Texas Power Switch comes in! The Texas Power Switch is on a mission to help Texans find easy access to fair, competitive, and transparent electricity plans. And, they believe it should be easy. This is why the Texas Power Switch created this holiday — to once and for all bring awareness to the electricity market and help Texans find fair plans and easy habits to reduce their energy bills.
The Texas winter storm of February 2021 was the straw that broke the camel’s back. It left millions of Texans without electricity for a full week after the state’s electric grid operator lost control of the power supply. Many Texans who were not in fixed-rate contract plans were left with astronomical electricity bills. This fuelled a debate around whether Texas’ energy deregulation was the cause of this disaster, since local utilities had neglected their facilities and failed to do the necessary upgrades.
Who is the Texas Power Switch?
Texas Power Switch is part of iChoosr, a company of independent experts who have already assisted 2.6 million people around the world with switching to a better power supply, saving them over $860 million dollars in energy costs. In 2017, iChoosr brought their successful solution to Texas in the form of Texas Power Switch to give Texans an opportunity to get informed and celebrate the benefits of a fixed-rate plan aimed at delivering substantial savings on their electricity bills.
Texas Energy Savings Day timeline
Electricity deregulation in Texas goes into effect, officially ending the state’s regulation and control of the electricity supply.
iChoosr is established to offer group buying programs to people as a solution to the high rates they are paying for their electricity and to find them more transparent energy plans.
The first-ever Texas Power Switch Auction is held.
Texas Power Switch starts offering 100% renewable plans only.
The winter storm leaves millions of Texans without electricity for a full week after the state’s electric grid operator lost control of the power supply.
Texas Energy Savings Day FAQs
How do I sign up for Texas Power Switch’s next auction?
Signing up for Texas Power Switch takes less than five minutes. Registration is free, and there is no obligation to switch to the winning provider.
Only households that are in the Oncor, Centerpoint, AEP Central, and TNMP service areas can participate. Other service areas might be included in future programs. Households in areas served by municipally-owned utilities and utility cooperatives cannot participate.
Why join a group switching program?
It might just be the answer to finding new savings. It’s simple enough and always wise to compare and see if you’re overpaying on your electricity bill. Finding competitive rates is time-consuming, so let a company like Texas Power Switch do all the busy work to bring you the best deals that are transparent and bring additional financial savings to your pockets.
Who can participate in the group switching program from Texas Power Switch?
Anyone who lives in an area open to electric choice can participate. Meaning, if you are in a deregulated service area, we want you to sign up and tell your friends and family who live in deregulated areas to sign up too.
How To Celebrate Texas Energy Savings Day
Sign up and save!
When your contract is coming to an end, it’s important to shop around for a fixed-rate energy plan to ensure you lock in a good rate that won’t be subject to fluctuations. If you want to avoid the headache of shopping around for that better fixed rate, Texas Power Switch is ready to do it for you. They organize a reverse auction where the provider who offers the lowest rate, wins. All winning energy plans are simple, 100% renewable, and have no hidden costs. Join the Texas Power Switch group energy switching program, and they will find you an affordable, fair, and transparent fixed-rate plan. Signing up is free and without any obligation! Visit Texas Power Switch today for more information. To participate in the current program, register by September 21st!
The Texas Power Switch offers various free webinar sessions to help people understand their electricity bills. You can learn more about the webinar sessions here: Texas Power Switch Webinars. When personal offers are ready, Texas Power Switch also offers participants a side-by-side comparison of their winning rates compared to the market average. Texans can also send in a copy of their current bill for a free comparison with the winning plans here: Contact Texas Power Switch.
Take steps to save power around the house
Turn off lights in rooms that are not in use and make the switch to LED lightbulbs. Install insulation in your home to keep it warm during winter without the need to use too many heating appliances, and cool during the summer. Hang your laundry to dry instead of using the dryer, and ease up on the AC — use it only in the rooms you’re in and check the air filters so it circulates air easily.
5 Mind-Boggling Facts About Texas’ Power Situation
Millions of Texans were affected by the winter storm
A staggering 4.3 million Texans were left without electricity during the 2021 winter storm.
Most Texans are overpaying for electricity
80% of Texans have never switched, or switched a long time ago, and are now on plans with expensive variable rates — draining their pockets financially and overpaying an average of $450 a year for their electricity!
Deregulation cost Texans billions of dollars
According to the latest data published by the Federal Energy Information Administration (EIA), deregulation has cost Texans $28 billion since 2004.
Texas is one of the largest energy consumers
If Texas were an independent nation, its electricity market would be the 11th largest in the world.
Texas has some of the highest electricity bills
Average monthly household electricity bills in Texas were the second highest in the U.S. in 2021.
Why We Love Texas Energy Savings Day
Who doesn’t love saving!
With Texas Power Switch, you can save around 20 to 25% on your electricity bill. Today, Texans who have signed up and switched to the 36-month plan in the last program are saving an average of $771 on their electricity bills over three years!
It’s a quick and easy way to switch to a better provider
Signing up for Texas Power Switch is free. All you need to do is register, sit back, and wait to receive your offer. And you’re not tying yourself down. If you don't like the offer, you can simply decline. No strings attached!
It’s better for the environment
Texas Power Switch offers 100% renewable plans, so it's easier than ever to find a competitive and sustainable way to power your home. In addition to this, finding new habits for saving energy can help you reduce your bill while helping the planet.