Electricity 101

How to Choose the Some of the Best Electricity Plans for Apartments

By
Gexa Energy
April 26, 2023
|
4
minutes read
By
Gexa Energy
Publication Date:
October 16, 2024
Last updated:
October 16, 2024

How to Choose Some of the Best Electricity Plans for Apartments

Are you moving into a new apartment or seeking a better electricity plan? Choosing your best apartment electricity plan directly impacts your lifestyle and budget, but finding the right one may seem daunting, especially with so many options available. With Gexa Energy as your retail electricity provider (REP), the process is simplified, giving you multiple options that fit the needs of your unique lifestyle. Here’s a guide to help you pick your best apartment electricity plan.

Picking an Electricity Plan for Your New Apartment

Moving into a new apartment is an exciting time, and amidst decorating and furnishing your apartment, setting up your apartment electricity plan is vital. To find some of the best apartment electricity plans, you’ll need to ensure both the plan and the REP align with your consumption patterns, lifestyle, and budget.

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Some Best Types of Electricity Plans for Apartments

There are many types of electricity plans, and Gexa Energy offers a diverse range that can be customized for your needs. Here are some of the best types of apartment electricity plans:  

  1. Short-Term Contracts: These plans can be month-to-month or up to 12 months with a variable cost, offering better prices for lower usage. They are optimal for renters not looking for long-term commitments.
  1. Fixed-Rate Plans: These plans lock in a low price for a set period, usually 12 or 24 months, ensuring you pay a consistent amount, regardless of market fluctuations.
  1. Variable-Price Plans: These plans change based on market conditions, ideal for those willing to take a risk for potentially lower bills.

Factors to Consider Before Picking an Apartment Electricity Plan

Several factors should influence your decision when choosing your best apartment electricity plan. Here’s a list of what to ask yourself so you can pick the right electricity plan for your home:  

  1. What is my average electricity consumption? Understand your electricity usage. Your electricity usage varies depending on your apartment size, number of occupants, appliances, and daily routines. The average consumption for most apartments ranges between 500 to 1000 kWh monthly. Knowing your consumption patterns will help you pick the right plan.  
  1. How long do I intend to stay in my apartment? Some plans require a commitment of 12 to 24 months, so consider how long you plan to stay in your apartment. Remember, you don’t need to match your electricity contract to your lease length. And while Gexa Energy offers flexibility, it’s essential to be aware of any fees that might arise from terminating a contract early.
  1. What's my budget for monthly electricity bills? Electricity costs can vary between providers and even between plans from the same provider, so it's important to research and compare. Always consider the base prices and any potential flat fees.
  1. Am I comfortable with variable prices, or do I prefer fixed prices? Determine if you prefer the predictability of fixed monthly prices or are open to the flexibility and potential savings of variable prices.  
  1. Do I want a plan offering green or renewable energy options? Apartments with energy-efficient appliances and practices, such as unplugging devices to save energy, can lower bills. Additionally, if you are optimizing your efficiency with smart thermostats or using renewable electricity is important to you, be sure to know your options before selecting your perfect plan.  

How to Pick Your Best Apartment Electricity Plan

You’ll want to evaluate a few things when looking at a potential apartment electricity plan. Here are some questions to ask yourself to determine if it’s a good fit:

  • Does the service meet my average electricity consumption needs?
  • Do I like the contract length based on how long I plan to be in this apartment?
  • Whether fixed or variable pricing, am I comfortable with the potential monthly bill costs?
  • Are there any early termination fees associated with the plan?
  • What are the base rates of additional flat fees associated with the plan?
  • Does the plan offer the green and renewable energy options I’m seeking?
  • Does the plan reward me for low usage or offer bill credits for certain usage?
  • How easy does the plan make it to monitor my consumption and manage my account?
  • How does the customer service team compare to other providers?

Some of the Best Electricity Plans for Apartments with Gexa

Being mindful of your electricity consumption and needs will help you choose your best apartment electricity plan, save on your electric bill, and enjoy a comfortable lifestyle in your new apartment. With Gexa Energy as your trusted partner, a smooth transition to set up electricity in your new home with your best apartment electricity plan is just a step away.

The type of Gexa Energy electricity plan that's right for you hinges on your consumption habits, the size of your apartment, smart home needs, and your budget. Our electricity plans for apartments can be customized and offer multiple benefits, including rewarding you for lower usage, discounted 3-day weekends, free nights, or optimized usage with smart thermostats and our mobile app.  

Gexa Energy: Your Ideal Apartment Electricity Provider

As a highly rated provider in the region, Gexa Energy offers a variety of apartment electricity plans to cater to your unique needs. Our plans are specially designed, factoring in typical electricity demands to provide you with your best apartment electricity plan—for maximum comfort without stretching your monthly budget. Whether you're in Dallas, Houston, or another deregulated location in Texas, Gexa has you covered. Let us power your home and find your perfect apartment electricity plan today!  

FAQs About Choosing Your Best Apartment Electricity Plan

What are some of the best electricity plans for apartments?

The right apartment electricity plan depends on your individual needs and consumption habits. Gexa Energy's flexible plans allow you to choose and tailor your apartment electricity plan to fit you.  

What type of electricity plan is best for me?

Among Gexa Energy electricity plans, fixed-rate plans are often considered one of the best for apartments as they provide a stable monthly electric bill despite seasonal pricing.  

What runs up an electric bill the most?

In general, heating and cooling systems are the biggest culprits, but appliances and electronics, especially when left plugged in and turned on, can also contribute. Unplugging devices saves energy when you’re not using them.  

What is the most affordable form of electricity?

In terms of affordability, renewable energy from sources like wind and solar has gained popularity. Gexa Energy is proud to offer 100% green electricity plans.

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Gexa Energy purchases renewable energy credits (RECs) from renewable generation resources throughout North America to match 100% of the energy sold under your electric plan. The RECs Gexa purchases represent the renewable attributes of power generated from a variety of renewable energy sources, including, but not limited to, the sun, wind, geothermal, hydroelectric, wave or tidal energy, and biomass or biomass-based waste products, including landfill gas.