December 7, 2007 admin

Texas Electric Rates Drop

Support Level Shows An Up Turn Coming Soon

Texas Electric Rates came down dramatically mid afternoon today December 7 2007 because of a 2% decline in natural gas prices. This drop in the market brought electric rates back down to their 12 month fixed rate support level of 7.8 cents kWh for commercial electric rates. Now that electric rates have hit the bottom there is a consensus out there that we will see electric rates begin to come back up. For a commercial business waiting to see what electric rates are going to do there is not a better time to stop looking, researching, pandering, and get off your seat and make a decision. This would be the ideal time to lock in for atleast a year as energy rates aren’t likely to come down much further.

The historical graph below shows the support level of electric prices over the last 12 months for a 12 month fixed rate energy contract in Texas. As you can see there have been several bounces on the 7.8 cent kWh range and I would expect rates have only to turn up from here.

Texas Historical Electric Rates


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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!

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