February 23, 2009 admin

Reliant Energy Rates Have Been Going Up

One of the Largest Electric Companies in Texas

Reliant Energy is one of the top residential electric providers in the state of Texas. With several million residential customers most would think they are in good shape. A few months ago the Houston Chronicle reported that Reliant was potentially having some credit issues and might need to sell off their commercial and industrial portions of their business. This is still a bit cloudy as no one knows exactly what Reliant is going to do. Their residential division has been rumored to possibly be for sale or to be for sale sometime in the near future as well. Until then we really are not sure what will happen but Reliant Energy’s electric rates seem unreasonably high when comparing their fixed electric rate contract to other Texas electric providers prices.

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Long Time Customer Drops Reliant Energy and Goes with a Cheaper Power and Lights Company

My father in law called me a few days ago and said his rate this month has been around 18 cents kWh. This seems strange as an energy provider selling unhedged energy right now could make a fairly decent profit selling electricity in the 13 – 14 cents kWh range if they were to buy energy a month in advance to sell their customers. My father in law called Reliant Energy and they said they could lower the residential electric rate to somewhere in the range of 15.5 cents kWh. This seems a little outrageous as well. Most electric companies we work with are only charging an electric rate in the range of 10 – 12.5 cents kWh for a 1 year fixed rate.

Comparing Reliant Energy Prices with Other Electricity Companies

When comparing Reliant Energy’s residential electric rate for the month of February 2009 they just do not offer a competitive electric rate with a majority of the discount electric companies out there. My father in law called me and I told him about Startex Power’s 1 year fixed rate and a few other providers electric rates. He eventually signed on a fixed rate contract for 1 year with the cheapest provider. If you want to compare available electric rate offers in your area then I encourage you to check rates on the upper left hand corner of this site. We keep these Texas electric rates updated daily and you can sign up with confidence that your electric rate will not change the entire term of the agreement. If you are a Reliant Energy customer and have called them to complain about your 18 cents kWh rate and are now shopping to find a cheaper electric provider then we welcome you to compare among our list of reputable Texas electricity providers.

Feel Free to Contact us with Your Electricity Questions

If you have any questions about the energy prices you see on this site then please feel free to click on our contact us link and call or email us with any questions you may have.

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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!

Comments (8)

  1. Kate

    They are right mine just went from 12C kwh to 15c kwh I about died. I am switching electric companies. Reliant is way to high for me in this economy.

  2. Gary Sellars

    Reliant has quoted me three different prices for the same service plan and each time told me that the price I was being quoted was the only available price with that plan.

    The specifics were 4.95 plus 3.50 for 12 months service (fixed) and the different rates (depending on to whom I spoke) were, .122, .136. amd .138.

    When challenged with the discrepancies, no one would budge from their testimony that the price they were giving me was *the* pricee.

    Something smells funny to me. Is this type of business practice acceptable to the PUC?

  3. c123

    what were electricity rates in the 75082 zip code from 2008 to 2009, does anyone have this figure?

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