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.
Save hundreds on your electric bills per year
Texans who switched in the past program are expected to save hundreds of dollars 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
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.
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.
Remember: If you’ve already participated in a previous program, keep in mind that you have to re-register every year.