Fate Power Switch
The Texas Power Switch is a group energy buying program that allows residents to join together and benefit from lower electricity rates through volume purchasing.
There is no cost and no obligation associated with the program. The Texas Power Switch provides a mechanism to help residents better understand the confusing, deregulated energy market and potentially provides a pathway to saving money on electric bills. The more people that register for the program, the better the opportunity for the Power Switch team to secure a low-cost deal.
With the approval of the City Council, the City of Fate is officially working with the Texas Power Switch to help residents save money on their electric bills.
What is the Texas Power Switch?
The Texas Power Switch is a group energy switching program that is licensed with the Public Utility Commission of Texas (certificate # 80419). It gives residents the opportunity to join together and get a lower rate on electricity by asking energy providers to bid on the group’s business.
There is no cost to the residents or the City for this service, nor does the City receive any compensation. This is a service exclusively designed to help residents save money.
Save hundreds on your electric bills per year
Texans who switched to the 24-month plan in the fall program are expected to save an average of $903 over the next two years on their energy bills. The more people that participate, the greater the chances are of obtaining a competitive rate. Please keep in mind, there is no fee to participate or obligation to switch.
The power switch period moves through four phases:
Sign Up: Anyone living in a deregulated (ONCOR power grid) area can register for the Fate Power Switch by May 18, 2021.
Rate Announcement: The Texas Power Switch will conduct a reverse auction and will announce the winning rates about a week after the auction. The provider who offers the cheapest rates gets to offer you a new electricity contract.
Personal Offer: After the auction, residents will receive a personal offer that will outline the potential savings. Registrants will receive a personalized offer email by June 1, 2021.
Accept/Decline: If choosing to accept, iChoosr will take care of the switching process. If you have a contract that ends soon, you can schedule your switch to occur when your current contract ends to avoid early termination fees from your provider. The decision period end June 23, 2021.
Remember: If you’ve already participated in a previous program, keep in mind that you have to re-register every year.
If you need help or have questions, email email@example.com or call 888-376-2077
- Monday through Saturday from 8 a.m. to 10 p.m.
For more information, check out the video below.