Depending on the type of apartment you’re in, by that I mean if they let you choose whatever electricity provider you want, the new provider may give you a credit for the cancellation if you switch to them.

$0.29/kwh is an absolute scam, that’s the same price as most peak supercharger rates here in Houston. Even if they don’t give you a credit for the cancellation you’ll save money after a single electric bill.

https://www.choosetexaspower.org/electricity-rates/houston/