This is a common scenario when your lease lasts, for example, 13 months, but your electric contract is for 12 months, resulting in a one-month overlap between the contract’s expiration and the end of your lease.
If you don’t renew, your current provider will likely put you on a variable month-to-month plan with higher rates.
The good news is that you can cancel an electric contract in Texas without an early termination fee when moving out.
You have a few options: switch to another provider, renew with your current provider, or go on a variable month-to-month plan. Switching or renewing is recommended to avoid a spike in your electric bill.
If you don’t switch to a new provider, you should contact your current provider, let them know you’re moving, and arrange a move-out date.
If you switch to a new provider, they will cancel your service with your current provider. However, you must call and cancel that service when you move out.
When setting up service at your new location, you can use ComparePower’s online calculator to find a plan based on your anticipated usage.