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Bill credit plans, also called usage credit plans, offer a discount on your monthly energy bill for using a certain amount of electricity. Under this type of plan, you receive the bill credit every month you meet the usage threshold outlined in your Electricity Facts Label (EFL). For example, a fixed-rate plan may offer a $100 credit if you use at least 1,000 kilowatt-hours (kWh) of electricity per month. The credit is not a one-time reward — you’ll be eligible each new month.
Bill credit plans are a great opportunity to reduce your monthly energy bill if you reach the usage requirements.
Anyone can benefit from a bill credit plan if they meet the usage requirement every month. For example, if you pick a plan with a $100 credit for using 1,000 kWh and consume that amount or more each month, you will get a $100 credit on every bill. Qualifying for this credit can significantly decrease your annual energy costs.
Usage credit plans come in a variety of options. Call our energy specialists to get matched with one that fits your needs.
We partner with some of Texas’ most popular energy providers to help you find the best bill credit plans in your area. Explore our experts’ top three recommendations on our marketplace:
4Change Energy is a popular choice amongst Texas shoppers for its affordable rates and commitment to local charities. The Maxx Saver Value plan awards a $125 bill credit when you consume at least 1,000 kWh of monthly electricity. This plan conveniently offers either 12- or 24-month contract terms. Shop these 4Change Energy bill credit plans on our marketplace:
Customers who want to lower their carbon footprint love Gexa Energy because every plan has 100% renewable resources. The Eco Saver Plus plan offers one of our most competitive bill credits: $125 for 1,000 kWh monthly usage. You can lock in this green energy plan for one or two years.
TXU Energy is one of Texas’ oldest energy providers, and it offers a wide variety of plans. Its Smart Edge plan is great for smaller households because it provides a $50 usage credit for using 800 kWh of electricity. Secure this plan for one or two years on our marketplace:
The main drawback to usage credit plans is that they can be more expensive than anticipated if you don’t reach the usage requirement. Take the Maxx Saver Value 12 plan, for example: if you use 1,000 kWh of electricity, the average price is 9.9 cents per kWh. However, if you use less than 1,000 kWh, the price skyrockets to 22.9 cents per kWh. The main difference between these usage tiers is the $125 bill credit, which significantly decreases your average price once you reach 1,000 kWh.
The best way to avoid this scenario is to know your typical energy consumption before picking a bill credit plan. Check your past energy bills to determine how much power you use each month. If this seems like too much work, or your energy habits tend to vary month-to-month, a traditional fixed-rate plan may be a better option. Our marketplace has plenty of straightforward fixed-rate plans with no strings attached. Enter your ZIP code to explore more cheap energy solutions in your area.
Overwhelmed by the number of plan options? Keep these expert tips in mind as you shop for a usage credit plan.
If you notice a credit on your energy bill, you likely signed up for a bill credit plan. This means you satisfied the usage requirements outlined in your EFL, and your provider rewarded you with a usage credit. You’ll be eligible to receive this credit every month you meet the usage threshold. Double-check your EFL to confirm the number of kilowatt-hours you need to use to get the discount.
Yes, bill credit plans offer an opportunity to lower your monthly energy bill if you satisfy the usage requirements. If you do not meet the requirements, many consumers find bill credit plans more expensive than traditional fixed-rate plans. That’s why ensuring you fit within the usage tier outlined in the plan’s EFL is important.
One of our most competitive bill credit amounts is $125 from Gexa Energy and 4Change Energy. However, the best bill credit amount is one you can achieve every month. Prioritize finding a sustainable usage credit that matches your energy habits.
Your past electricity bills will illustrate how much energy you consume on a regular basis. Our experts recommend consulting a couple of energy bills to determine your average usage amount. This information is essential to picking the right bill credit plan. If you are still unsure which plan to choose, call our team for guidance.
Let us put the power in your hands with a new electricity plan.
