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Rates are fixed prices paid for the amount of service used. Rates can be used for anything bank loans, gas, and in this case electricity. When picking an electric provider you want to be sure to get the best rate. Rates may seem low but they multiply when you increase the amount of services you use. By using rates make the cost of services the exact amount of which you pay. For example, if you buy a monthly car wash package, and the car wash is $33. If you only go to the car wash twice that month you have paid more. In result, when getting an electricity rate and you use a specific amount you will only be charged for the amount you used. Getting a good rate is very desired by all individuals. Either getting a high rate or a low rate you will only pay for the amount of service you used and that’s the best part about rates. Now, the bad part about rates is getting a good one. Your rate can be determined on many things such as where you live, how much you use, and can also be determined on your credit. Finding a good rate can be quite difficult, but one should go to full extents to get the best rate. For example, if one has a very high rate and pays the same as you when you use three times the amount of services, this shows rates play a big factor. In Texas, many businesses go based off rates. Rates mainly imply to those business who service amounts are different each pay period.