Texas Residential Electric Rates

Texas residential customers who have had their contracts expire could be paying too much on their monthly bills.  Nearly every competitive electric provider who offers term contracts has a clause built in that causes customers to stay with the provider after the contract has expired at rates determined by the supplier.  The business strategy for the electric providers is that a large enough percentage of their market share will forget to sign a new contract allowing them to up the rates to a premium.

Two summers ago, electric rates in Texas for twice as high as they are today due to higher natural gas prices.   Customers who signed fixed electric rate contracts during that time became customed to paying a high electric rate.  As these contracts expire, providers continue to charge the high rates hoping that their customers have forgotten that they can now shop for a lower rate.

If it has been awhile since you shopped the electricity competitive market we encourage you to see if your contract has expired.  Just because you are still receiving a bill from an electric provider you chose last year does not mean that you are still on contract.

For the lowest Texas residential electric rates today, email us with your city name and ask for rates.  As of this week, fixed rates have been found below $0.09 per kwh.  Many Reliant and TXU customers are paying over $0.15 per kwh.