Ambit Energy has a rate for June at .1199 cents a kwh
Ambit offers what appears to be a very low cost residential electricity rate (.1199 cents kwh) for residential customers in Texas. As of August 2009 Ambit Energy is among the price leaders and cheaper than some of the big brand traditional electricity providers like TXU and Reliant Energy.
What’s the catch?
As long as you remain on the plan the entire term of the contract which is 12 months you will avoid the early termination penalty which is a hefty $199. The rate they offer as of June 2007 is .1199 cents kwh which is very low. You must be using over 500 kwh in order to have this rate otherwise you will have to pay a rate of .1398 cents kwh. Most people use over 500 kWh so they would not have to pay the higher rate. As of August 2009 Ambit Energy’s rates are much more competitive and are some of the cheapest electricity rates offered among all Texas electricity companies.
The single bachelor in an apartment might not break above 500 kwh but most people do. It is important to check your historical usage history so you know ahead of time if you will have to pay a monthly service fee or not. Also, when the 1 year term is up be sure to go back out and renegotiate your electric rate. As of August 2009 Ambit Energy is a whole new animal having bought a traditional electric company by the name of Commerce Energy. Ambit offers several different discount fixed rate term plans a few cents cheaper than both Reliant and TXU Energy. Ambit also offers a green energy choice and a variable electricity rate plan.
The below facts label is a historical record of Ambit Energy’s electricity rate back in July of 2007. Ambit Energy has become much more competitive and a reliable electricity company for residential homes and apartments in deregulated Texas.