What is an electricity broker?
An electricity broker helps customers evaluate electricity providers and compare available electricity plans and contract options. In Texas, a broker can help businesses and homeowners understand their choices within the state's competitive electricity market and select an option that fits their needs. Texas Power Select helps both residential and commercial customers navigate their electricity options and make informed decisions about their electricity contracts.

 

Why should I use a broker in Texas?

Comparing electricity providers and plans can take time, especially for businesses managing larger or more complex electricity needs. An electricity broker can compare available rates and contract options on your behalf, helping you understand your choices and select an option that fits your needs.

Texas Power Select also monitors electricity market conditions and can contact customers when it may be a good time to evaluate a new contract.

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Does Texas Power Select charge a fee?

No, we does not charge customers a fee for our electricity brokerage services. We help customers compare electricity plans, evaluate providers, and navigate contract options without charging an upfront fee for our services.

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What is electricity deregulation in Texas? 

Before electricity deregulation, customers in many areas of Texas received electricity service from a single utility. In 2002, Texas implemented a competitive electricity market that gave eligible customers the ability to choose their Retail Electricity Provider (REP).

Deregulation allows eligible customers to compare electricity providers and plans rather than being limited to a single provider.

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Is all of Texas deregulated for electricity?

No. Some co-ops were allowed to maintain their monopolies and those customers cannot choose their provider. Some cities even contain both regulated (co-ops) and deregulated (choice) areas. Our Team can help you determine whether your property is located in a deregulated electricity market and if you have the ability to choose your electricity provider.

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What is a TDSP?

A Transmission and Distribution Service Provider (TDSP) owns and maintains the power lines and infrastructure that deliver electricity to your property. Your TDSP is determined by your location and does not change when you switch Retail Electricity Providers.

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The TDSPs serving deregulated areas of Texas are:

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• Oncor Electric Delivery

• CenterPoint Energy

• AEP Texas

• Texas-New Mexico Power (TNMP)​

• Lubbock Power & Light

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Your TDSP does not change when you switch electricity providers. Your Retail Electricity Provider (REP) handles your electricity plan and billing, while your TDSP maintains the local power lines and delivers electricity to your property.​

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​Can I switch electricity providers before my contract ends?

You can generally switch electricity providers before your current contract ends, but doing so may result in an early termination fee or other charges. For that reason, we rarely recommend breaking a contract unless there is a compelling reason to do so. Texas Power Select can help you secure today's rates to begin at the end of your current contract.

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What is a POLR?

A Provider of Last Resort (POLR) is a Retail Electricity Provider designated to serve customers if their current electricity provider can no longer provide service. POLR rates can be significantly higher than standard market rates, so customers should review their options and switch providers when possible.

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