Houstan, Texas, November 26th, 2024, FinanceWire
The company is helping Texas residents find and compare deals in the state’s deregulated energy market. Making it easier to find deals and promotions across over 3000 energy providers and energy brokers.
LowerEbill, a Texas-based company, is leveraging artificial intelligence to simplify the process of shopping for electricity plans in the state. The company’s platform allows consumers to compare electricity rates from over 3,000 plans, which covers over 99% of the market. This makes life easier for those looking to find cheap electricity rates in the state.
According to the team, one of the core challenges in the electricity market in Texas — and indeed, across many parts of the United States — is the deregulation of energy providers and electricity plans. While this deregulation has increased competition and driven down prices, it has also made the energy market more complex for consumers.
With an overwhelming array of choices, variable rates, and promotional deals, it can be difficult for consumers to find the plan that best suits their actual energy usage. LowerEbill was created to solve this problem.
LowerEbill’s platform uses AI to analyze the user’s energy usage patterns and then compare that to the plans available in the Texas energy market. This way, the platform can match users to the best — and most affordable — plan to meet their current electricity needs.
Access to that information is possible thanks to the Smart Meter Texas (SMT) system, which LowerEbill can reference. Thanks to that, all an user needs to do is input their home address and the platform will be able to compare plans and make suggestions.
To ensure the accuracy of the deals presented, LowerEbill updates its plan listings daily. The plans available are pooled from both energy brokers and retail energy providers, with options including fixed-rate, prepaid, and variable-rate plans.
This wealth of options combined with the platform’s wide coverage — over 99% of all plans are listed on LowerEbill — greatly increases the chance of a user finding the best electricity company in the Texas energy market has to offer for their specific needs.
The AI system at the heart of LowerEbill’s platform does more than just gather data. It interprets vast amounts of information related to energy consumption patterns, seasonal fluctuations, and even time-of-use rates to forecast future costs under different plans.
This predictive capability is designed to alleviate the guesswork that typically accompanies the selection of a new electricity plan. It also addresses a common issue faced by many consumers: the risk of underestimating their energy needs and getting locked into disadvantageous contracts.
LowerEbill is available as a no-cost service for consumers. There are no hidden fees, membership requirements, or one-time charges. All a user needs to do is visit the website, enter their address, and start comparing rates. Plans are presented to users in order of cost-effectiveness, with no markups added to the price.
LowerEbill also offers tools to make different plans more transparent. Helping users compare not only the rates of any given plan but also the details of the deal and the fine print of each contract. All with the aim of helping consumers make informed decisions.
About LowerEbill
LowerEbill.com is not just another home energy shopping site. LowerEbill.com provides a unique home energy shopping experience by analyzing hundreds of plans every day and calculating their costs based on your home’s unique energy profile.