Get ready to sweat because electricity rates are beginning to climb. The highest rates for electricity is by Liberty Power at 14.9 cents per kWh for 24 months of service. Reliant Energy is right behind at 14.1 for 12 months. TSU is at 13.7 for a 24 month contract and 13.5 for a 12 month. Reliant and TXU are 30% higher than their competitors and almost 75% higher than pre-deregulation rates.U.S. Energy Savings Corp. is offering a rate of 12.5 for a 5 year contract.
On the lower end, Texas Power, Kinetic Energy, and Champion Energy Services all offer a 12 month plan at 10.6 per kWh, about 25% higher than pre-deregulation rates.
Bounce Energy has the highest variable rate at 16.9.
Last year the highest rates was offered by Commerce Energy at 19.4 cents per kWh. The lowest was offered by Gexa Energy at12.5.
Enjoy the hot summer!
3 comments:
Did you see this in the Fort Worth Star Telegram? This at least provides some information for consumers. Typically what happens is that you lock into a "good" rate for a year, sign up for automatic bill pay and then way after your year is up, you realize you are paying exorbitant rates. In the scheme of things, though, this law is a very tiny step forward:
A measure requiring electricity providers to provide written notice when a customer’s fixed-rate contract is about to expire was sent to Gov. Rick Perry on Saturday. Under the legislation, providers will have to send at least one written notice at least 30 days before the contract ends as well as note on each bill the approximate end date of the contract. The bill was originally proposed by Democratic Rep. Chris Turner of Arlington. When it never came up for a vote in the House, Sen. Wendy Davis, D-Fort Worth, added the language as an amendment to a bill that passed both chambers Friday.
HA! and look at this bill by Bohac. It requires all bills you recieve to have the reference to the Power To Choose website. Yippee!
It is a BFD by Bohac. Very stupid piece of legislation. Does nothing to lower rates.
http://www.legis.state.tx.us/tlodocs/81R/billtext/html/HB01799F.htm
"A retail electric provider shall include on each residential customer's bill a statement, in at least 12-point type on the front of the first page, that reads: "For more information about residential electric service please visit www.powertochoose.com."
Davis bill is actually a good thing. It DOES NOT solve the problem with electricity deregulation, but it does keep homeowners aware of the end of the contract.
What they should do is let the contract roll over into a similiar contract at the current price, so if you are at a 1 year contract, you stay on the one year contract.
Then you have the opportunity to switch if you find a better deal.
Again, nothing but a bandaid.
Congrats to Davis!
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