Fate Power Switch

Fate Power Switch - Can You Get A Better Power Deal?

During these unprecedented times, many of us are facing economic challenges and are looking for ways to save money and lower our monthly expenses. The Texas Power Switch is a program that makes it easy to lower your electricity bills, especially as we enter the hot summer months. 

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.

Power Switch Auction Results

The electricity auction was a great success and the Texas Power Switch secured two plans with rates 22% below the market average on the day of the auction.  Texpo Energy won and is offering two options:  a 12-month plan and a 24-month plan.  People who accept and switch to the 24-month plan are expected to save an average of $496 per year.  Click here to register for free before June 24th to find out if you can lower your rates.

Texpo’s 12 Month Rate Offer

  • Energy Rate - 5.69 cents/kWh
  • Base Charge - $0 per month
  • Oncor Delivery Charge - $3.42 per month
  • Oncor kWh Rate - 3.578 cents/kWh
  • Average Price Per Bill - 9.61 cents/kWh

 

Texpo’s 24 Month Rate Offer

  • Energy Rate - 5.68 cents/kWh
  • Base Charge - $0 per month
  • Oncor Delivery Charge - $3.42 per month
  • Oncor kWh Rate - 3.578 cents/kWh
  • Average Price Per Bill - 9.60 cents/kWh


What is the Texas Power Switch? 

The Texas Power Switch is a group energy switching program run by iChoosr, LLC and is licensed by the Public Utility Commission of Texas.  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 on average $425 on your electric bills per year

Texans who switched in the last program are expected to save an average of $425 per year on their energy bills. The more people that participate, the greater the chances are of obtaining a competitive rate. Please keep in mind, there’s no fee to participate or obligation to switch.

Here’s how it works:

  • Have an electricity bill handy and visit www.texaspowerswitch.com/fate.
  • Register for free before May 19th, 2020. It only takes a few minutes. 
  • The Texas Power Switch will organize an auction among electricity providers and the lowest rate wins.
  • Participants will receive a personal offer email by June 5th, 2020 and then decide whether to accept the offer or not. 
  • Please remember that re-registration is required for each program

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: Providers will bid against each other in a reverse energy auction. The provider who offers the cheapest rate gets to offer you a new electricity contract.

Personal Offer: After the auction, residents will receive a personal offer which will outline the potential savings.

Accept/Decline: After residents receive their personal offer, they will have the option to accept or decline it. For those who accept, the Power Switch team will take care of the entire switching process.

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 energy@texaspowerswitch.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.

* Please note: Farmers Electric Cooperative customers are not eligible to participate. 

* There is no cost to the City to offer this service, nor does the City receive any financial benefit.

Next Registration Start Dates Switching Windows
March 4, 2020 June 5, 2020 - September 9, 2020
   
   
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