December 7, 2007 admin

Electric Rates Poised To Go Higher

For the last few days we have seen electric rates hover around the support level of 7.7 -7.8 cents for the 12 month fixed rate term. The Texas energy rate has hit this support level several times in the past year and shows signs of bouncing back off it. Since we are sitting at the bottom of the market right now it would be wise to lock in on a rate plan while we are still at the bottom. If rates were to come off of this support level they could remain above it for 1 week, 1 month, 6 months or even a year. There is no point in missing out as we cannot predict how long it will be before electric rates come back down again to these levels if they were to go up in the next few days. The winter approaches and the first signs of a harsh winter could send electric rates back up near the 10 cent per kWh range.

Electric Rate History

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About the Author

admin Donny started ElectricityBid.com back in 2007 from his parents basement and has since married his wife Melody and had three sons, John Adam (7) and Noah (4) and our new 20 month old son. He enjoys tech related things, softball, kickboxing, going to the gym, excursions and activities together with his wife Melody. Our service allows you to shop and compare commercial and residential electric rates and providers. Would you take the time today to try our service and see how you like it. Thank you! and God Bless You!

Comment (1)

  1. Laurence Haley

    It appears to me that this site is an appendage to TXU and/or the electric industry in that the graphs the show are really all the same – and I really mean the same data. I've spent almost an hour trying to see more than one set of data in graph form on the site and keep coming back to the same one but scaled differently or labeled differently.

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