Apartment/Condo

Here are the key features to focus on:

1. Check metering & master-meter status: Confirm whether you have your own meter or share; if you share, your ability to choose is limited, and your focus may shift more toward energy efficiency.
2. Fixed-rate: These offer a set price per kWh that stays the same for your entire contract. This provides maximum stability and is generally the best choice for apartments. You won’t have to worry about your rate doubling just because you didn’t use “enough” electricity in a shoulder month.
3. Usage Credit Plans: These plans offer a credit (e.g., $50 off) only if you hit a specific usage window, typically 1,000 kWh or 2,000 kWh. While the advertised rate looks incredibly low, it’s a math trick: if your apartment uses only 700 kWh, you won’t trigger the credit, and your effective rate could be much higher than a standard fixed plan.
4. No large minimum usage or hidden fees: Some plans look cheap per kWh but have high monthly fees or usage thresholds that work better for high-consumption homes. For apartment usage levels (say <1000 kWh), you may want a straight fixed rate plan.
5. Contract length matching lease term: If your lease is 12 months, a 12-month electricity contract makes sense so you’re aligned; if you’re on a month-to-month, a shorter plan or flexible option might be better. However, there are no penalties if you move before your contract is done.
6. Ease of switching / low cancellation fees: As long as you are moving, you don’t need to worry about the early termination fees (ETF). Instead of looking for “low cancellation fees,” renters should simply ensure they can provide a utility bill or lease for their new location to have the fee waived.
7. Usage estimate: Know your typical monthly kWh use (check past bills if possible) so you can compare apples to apples. For many apartments in Texas: ~500-1000 kWh/month.