What Are the Best Electricity Plans for College Students? | The Light Lab

What Are the Best Electricity Plans for College Students?

Moving out of your parents’ home and into your very first apartment can be a new and exciting adventure. But it can also be a daunting and overwhelming experience. From buying new furniture to setting up your Wi-Fi and cable to figuring out how to run a dish washer, the list of “firsts” seems to goes on and on.

One of the many first experiences college students face when moving into their first apartment is signing up for an electricity plan. As a first time electricity customer, finding the right electricity plan and provider can be a scary and confusing experience. However, fully understanding the electricity plan you sign up for is vital to helping you save money and have a positive experience with your very first Texas electricity provider. Just like any other contract you sign, it’s important to understand what you will be responsible for when paying your monthly Texas electricity bill.

But we understand that as a college student, you may not have the time or energy to spend hours researching and understanding the different types of electricity plans available to you. That’s why we’ve rounded up the three Texas electricity plans that are best for college students:

1) Fixed-Rate Electricity Plan

What Are the Best Electricity Plans for College Students? | The Light Lab

A fixed-rate electricity plan comes with a contract that can last anywhere from 3 to 36 months. However, as a college student, it’s unlikely that you’ll need a contract for more than 12 months as most college apartment leases are only 12 months long.  If your lease is shorter or longer than 12 months, be sure to look at fixed-rate electricity plans that are the same length as your apartment’s lease.

When you sign up for a fixed-rate electricity plan, you will be locked into a fixed electricity rate for the duration of your contract length. This means that even if energy rates fluctuate in the market your energy rate will stay the same. This means you will continue to pay the electricity rate you signed up for. The nice thing with a fixed-rate electricity plan is that you will know what to expect every month, which can come in handy when splitting your Texas electricity bill with your roommates.

2) Month-to-Month Electricity Plan

If your living situation is temporary, or you’re not sure if you can commit to a contract, then consider signing up for a month-to-month electricity plan. Unlike a fixed-rate electricity plan, a month-to-month electricity plan has no term length. That means you can cancel your electricity plan whenever you like without having to pay the early termination fee. This electricity plan is attractive to many college students as many students move multiple times during their college career, and paying an early termination fee multiple times can really cut into the already limited college budget.

When you sign up for a month-to-month electricity plan, you will receive a variable electricity rate. This means the amount you pay for electricity will depend on the energy rates in the market and could change every monthly billing cycle. As a result, depending on the current energy market, you could pay either more or less each month than you would with a fixed-rate electricity plan plan.

3) Prepaid Electricity Plan

What Are the Best Electricity Plans for College Students? | The Light Lab

If you have a fixed budget and don’t want to be surprised by your Texas electricity bill every month, then you can opt for a prepaid electricity plan. When you sign up for a prepaid electricity plan, you will pay the amount you want to pay for your electricity up front. This means you will have more control over your monthly electricity costs – including how you want to pay it, when you want to pay it, and how much electricity you want to use.

When you sign up for a prepaid electricity plan, you will not have to pay a deposit, undergo a credit check, or sign a long-term contract with the Texas electricity company. As a result, a prepaid electricity plan is often attractive to college students as it helps them sign up for electricity without having to pay a hefty deposit or early termination fee. Some Texas electricity providers have made prepaid electricity plans even more attractive by offering plans with free electricity on the weekends, like our Power-To-Go Free Weekends plan.

Here at First Choice Power, we know that college can sometimes be hard and stressful, but choosing the right Texas electricity plan shouldn’t be! Sign up for one of these three electricity plans and start enjoying your college experience right away. Happy shopping!

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