Texas Electric Companies

Texas electric companies are constantly competing for the market share of electricity customers throughout the state.  Electricity choice is more apparent in Texas than any other state as dozens of suppliers compete for customers in every city that is part of the Electric Reliability Council of Texas.  The electricity companies are always adjusting their buying strategies so that they can lower their electricity rate offerings to customers.

Electricity customers living in Texas can choose to purchase a variety of electricity rate products.  Gone are the days when someone living in Houston or Dallas moves into an apartment and is given the local utility to call who is the sole company responsible for turning on the power.  Customers can choose fixed rates that are as short as three months to as long as three years.  They can choose an electric company who is offering a low introductory variable rate or take part in reducing their carbon footprint by choosing to purchase green energy in the form of wind power.

In addition to the many electric rate offers available, customers who take the time to shop and compare Texas electric companies can find great bonus promotions including gift cards and cash back awards.  For many Texas consumers, the ability to choose who  supplies your electricity hasn’t fully settled in.  Customers who do not shop for electricity are likely to be paying electricity rates that are anyway from 10 to 100 percent more than they can find in the competitive electric market.

When electric rate contracts expire, the customers go on a month to month rate with the electricity company they chose.  Over time these electric rates tend to creep up.  The electric companies no that there are a large number of power customers who are just going to pay their electric bill and not take the time to shop for lower electric rates.  It is important for customers to stay on top of their electric bills and keep track of when their contracts expire.  Leaving it unattended for too long can result in a much higher electricity bill than is necessary.

If you haven’t compared the Texas electric companies in awhile in your area, take the time and see how much you can save.  Find the electric rate that was charged on your last electric bill and compare it to some of these rates:

Texas Residential Electricity Prices:

All Texas Electricity Prices
Champion Energy $0.067
/Kwh
Introductory rate with Promos Signup Now
MxEnergy $0.099 /Kwh Low Rate Signup Now
Champion Energy $0.085/Kwh Lowest 6 Month Rate Signup Now
Washington Gas $0.0997/Kwh Wind Power Signup Now
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Electric Companies in Dallas TX

It has been nine years since Texas first deregulated their electricity market.  When lawmakers first started toying with the idea of electric choice, they believed that energy deregulation would result in lower energy prices for consumers, improved customer service, product innovation, and increased energy jobs.  Almost a decade after the start of deregulation and all of these proposed benefits have come true.  Customers have access to dozens of Texas residential electric rates.

Over two dozen electric companies offer service in some of the biggest cities in Texas such as Dallas.  People moving to Dallas can choose electric companies based on price, length of contract, green energy options, convenience factors such as online billing options, and promotional offers.

Here are some of the more popular electric companies in Dallas TX:


Bounce Energy has a low introductory offer, easy online bill pay and energy usage access, and great promotional offers.

Green Mountain Energy offers a variety of wind energy options for those who may be willing to spend a little extra in return for doing their part to help the environment.

Champion Energy has competitive rates to go along with their award winning customer service.

With one of the most active electricity choice markets in the World, Dallas is constantly seeing new electricity companies enter the market to give Dallas consumers even more energy options.

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JCPL NJ

Residential electricity customers of the New Jersey utility company Jersey Central Power & Light (JCP&L) are receiving competitive offers for the first time.

Though JCP&L has had a deregulated retail energy market for several years, electricity companies were slow to enter the market due to low JCP&L electric default rates.  JCPL sets their default rates for their roughly 972,000 electric residential customers by holding an auction the previous year.  Between 2004 and 2008 energy prices were in a consistent upswing.  This made it difficult for competitive electric companies to offer discounted rates as they were always buying in a market where the price was higher than the default rates established in previous months.

With a general downturn in electricity prices in 2010, competitive electric companies are finally able to offer residential customers attractive electricity offers.

As competition has increased in the JCPL market some electricity companies have focused their marketing efforts on promotions and sign-up bonuses.

Fixed rate offers for terms as little as 4 months and as high as 24 months with a $75 gift card can be found here.

Variable month to month rates with a $50 cashback bonus can be found here.


Fixed electric rates will protect customers from JCPL electric rate increases that are expected to occur on June 1, 2011.

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PSEG Electricity

PSEG electricity customers can save money on the supply portion of their electric bill by buying their power from an alternative supplier.  PSEG default electric rates, labeled Basic Generation Service (BGS) by the state of New Jersey, are currently higher than some competitive offers.

The delivery portion of the bill remains regulated and serviced by PSE&G.  Some electric companies offer dual billing in which you receive one bill from PSEG Energy for the delivery portion, and a separate bill for the supply charges from the alternative electricity company.

The more popular choice is to receive single, or consolidated, billing where you get one bill per month from PSEG.  On the PSEG electric bill the delivery charges would remain the same, and the supply charges would be that of the alternative electric supplier who you sign a contract with.

PSE&G posts the total “Price to Compare” at the bottom of the electric bill even after a customer has chosen an alternative electric supplier to provide electricity.  By doing this, a customer can see how much money they are actually saving every month.

PSEG electricity customers on default service will pay $0.11481 per KWh from now until the end of May 2011.  They will then pay about $0.1200 (depending on their total usage) in the summer months of June through September.

PSEG customers can save money by choosing:


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Energy Alliance of Pennsylvania Review

We have recently been getting a lot of questions pertaining to the Energy Alliance of Pennsylvania as a result of their increased rates over the past few months.  After much research, here is what I have discovered:

The Energy Alliance of Pennsylvania is a licensed retail electric provider that was set up by the Manufacturing and Business Association (MBA) through Fluent Energy as a way to get better electric rates for their members.  In their own words….

“The Association has established the Employers’ Energy Alliance of Pennsylvania, Inc. (EEA-PA), which will act as an energy supplier for its more than 4,700 member companies and organizations operating throughout central and northwest Pennsylvania. By purchasing directly from the electric grid and gas pipeline and eliminating broker commissions and marketing costs, the EEA-PA is able to pass savings directly on to participating members.” (keep a mental note of the words in bold)

The statement sounds good in theory, but many members saw their rates skyrocket to over $0.13 a few months ago when PPL default rates are at $0.10402 and the majority of businesses in the area are able to get low fixed rate offers of $0.085 (35% less than the $0.13 rate).  So what is going on here?

First, upon reviewing the Energy Alliance Electric Service Agreement, the Alliance buys their electricity on a monthly basis from the wholesale market which makes them extremely and completely open to spikes in the market.  When the Alliance charged their customers over $0.13 the wholesale market did see a bump in prices.  However, the jump in wholesale prices should not have caused rates to go up as high as they did.  Here is where things get really interesting….

In the Electric Service Agreement, the part that explains how customers will be charged, it reads:

“Basic Commodity Price: this is a variable price which is comprised of the weighted average PJM Independent System Operator commodity price and other associated costs of goods sold, plus the administrative fee per kWh set forth below, and any applicable taxes and/or agent fees.”

To break that sentence down, the first part (basic commodity price) is the wholesale price of electricity.  The administrative fee per kwh is listed in the contract at $0.0012 which isn’t out of the ordinary.  Applicable taxes are always warranted.  Then comes the kicker, ever so slightly written, “agent fees”.  What exactly is an agent fee?  It is not defined anywhere else in the contract, and to me it seems like it is the very thing the Alliance set out to eliminate in the first place (bold area from above “liminating broker commissions and marketing costs“).

Basically this “agent fee” gives the Energy Alliance the right to tack on whatever commission they would like on a monthly basis, and it is possible that when the members of this alliance payed a rate of $0.13 cents per KWh a few months ago, someone walked away with a nice undeserved bonus.

I would recommend to any business involved in this Energy Alliance to seek out a fixed electric rate that will prevent such spikes to happen in the future.  For a list of electric companies offering fixed rates and their offers, email us or write a comment to this article.

The thing that really gets to me about the Energy Alliance of Pennsylvania is the way they market themselves.  They come off trying to sell the whole “power in numbers” mentality when really their buying structure is not taking advantage of their buying power at all.  Furthermore, there statement of lower rates due to the fact that they will eliminate broker fees, followed up by adding their own agent fees is just plain misleading.  Even the name “Energy Alliance of PA” gives the impression that they are a non-profit when clearly they are as profit seeking as Walmart or McDonalds.

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CT Electric Suppliers

The 1.5 million electricity customers serviced by Connecticut utilities CL&P and UI have close to a dozen options when it comes to choosing a Connecticut electric supplier.

CT electric suppliers range from small start up companies to sister companies of fortune 500 energy companies.  Some of the CT electric suppliers are only offering service to residential electric customers, some only to commercial and industrial electricity users, and others are offering service to all energy users.

Currently, more than one million Connecticut customers have not chosen a competitive CT Electric supplier.  Those who have not chosen a supplier pay a high default rate with either CLP or UI, who act as the electricity delivery companies for the majority of the state.  Residential customers can save up to 18.7% by choosing a new electric company to provide electric generation service.

When a customer chooses an alternative electricity generation (or supply) company, they simply are choosing a lower rate versus the CLP or UI default rate.  In most cases, the customer will still get their monthly electric bill from the utility.

Some CT electric suppliers, like MX Energy (click here), offer fixed rates that lock in a specific rate for a specific period of time.  In Connecticut, the default rates are set for one year at a time, so getting a fixed electric rate with an electric supplier can guarantee savings.

Other CT electric suppliers, like Positive Energy (click here), offer a variable electric rate that can fluctuate from month to month but gives the customer the option to leave at any point without penalty.

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PECO Electric Rate Increase

PECO Energy is a utility company who delivers electricity to 1.6 million customers in Pennsylvania.  On January 1, 2011 they will be increasing their rates by about 10%.

January 1, 2011 marks the expiration of rate caps that were enacted in 1997.  PECO energy customers will more than likely also see their generation rates increase as the capped rates expire and they move to PECO electric generation default rates.  Customers will be able to find lower generation electric rates with other electric companies.

It is important for people to understand that PECO Energy is still a regulated company.  PECO is responsible for the delivery of power to their customers, but they are not responsible for offering low generation rates.  People who wish to remain “loyal” to PECO by staying with their electric default rates are poorly misinformed.  Those who shop and buy lower electric rates with other electric companies will have lower electric bills, but they will still receive their monthly electric invoice from PECO.

PECO electricity customers will be able to offset the 10% increase that PECO is imposing on their delivery charges by shopping for lower generation electric rates, which makes up about two-thirds of the bill.

Best PECO Competitive Electricity Rates (updated daily):


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Viridian Energy Review

Viridian Energy is a new company, founded in 2009, who offers a variable electric rate to customers in Pennsylvania, Maryland, Connecticut, and New Jersey.

Viridian Energy only offers a variable rate which can be dangerous if you are a customer.  There is really no limit to how high a variable electric rate can go up in any given month, and history shows that eventually the rates will increase drastically.  The main reason for this is the huge dependency that Viridian places on the wholesale market.  When the market behaves, Viridian can offer a rate that is slightly lower that the utility default rates, however when the market spikes they will be forced to pass on the extra costs to their customers.  I recommend finding a fixed electric rate that will lock in a rate for a set period of time.

Viridian Energy markets through “Direct Selling” or multi-level marketing.  They attract independent associates, who are often not well informed on energy prices and markets, to sell Viridian electric rates to their friends and family in hopes that it will cause these customers to stay loyal to them long term.

Viridian’s rates are not attractive.  Lower electric rates, both variable and fixed, can be found by comparing other electric companies’ offers to Viridian’s offers.

Besides the lower rates offered by these other companies, the important thing to note is that these offers are fixed.  Viridian’s offers are variable and can go even higher at any time.  Viridian advertises that they have “no contracts”, but when it comes to buying electricity, it is good to have a contract as it will state the exact rate you will pay assuming that the contract is for a fixed rate.  Without a contract you are truly at the mercy of the electric company.

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Dallas Electric Companies

Electricity customers in Dallas and the surrounding cities have more options with electric companies than ever before.  The electricity market is in full swing for commercial, industrial and residential energy users.

Due to low natural gas prices, residential customers are signing electricity agreements with electric companies at all time low rates.  However, many people are still over paying on their electric bill.  The main reason for the price discrepancy lies in the fact that just two short years ago electricity rates in Texas were at an all time high.  During those months in 2008 many customer signed electricity rate contracts at prices that were twice as high as they are today.  As many of those contracts expire, electric companies continue to charge the higher electric rates assuming that their customers will not shop for lower rates.

Customers that do shop and compare Dallas electric companies will find low electric rates that can cut their electric bill in half.  In order to attract customers some electric companies are offering other incentives on top of the low electricity rates

Here are some current low electric rate offers from Dallas Electric Companies (updated daily):


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Low CT Electric Rates

Connecticut Light and Power (CL&P) residential customers are finding lower electric rates in the Connecticut competitive electricity market.  Many CL&P residential customers have still not switched electricity suppliers because they are unaware of the savings and benefits of shopping for low electric rates.

Many electricity customers who have not switched are not well informed on the details of the Connecticut Electricity Restructuring Act.  The act allows for CL&P and United Illuminating (UI) to continue to control the delivery of the power and the billing.  These utility companies only offer supply electricity rates as a default service.  Connecticut customers who do switch electric companies continue to receive their monthly electric bill from CL&P, or UI, but instead of paying the higher default supply electric rate, they pay the new lower rate that they signed for with the alternative electricity company.

Visit our Electricity Prices page for current electric rates in Connecticut.

Both offers can be chosen online.  The fixed electric rate will require a commitment of 6 months.  The variable rate has no commitment, however the rate can go up at anytime.  We recommend the fixed rate offer at this time.

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