June 8, 2009 admin

June 2009 Highest Priced Residential Electric Providers

To see a list of the most expensive Texas electric service providers selling residential energy please click on the below link.

Click Here to See the Highest Priced Texas Electric Providers

If you need to see the cheapest residential electric companies you can use the chart below.

These are Some of the Cheapest Dallas and North Texas Area Residential Electric Providers

All fees and charges are included in the below chart and all the electric companies in the chart are reputable stable residential energy companies in Texas. There are no hidden fees or fuel surcharges in these electric rates.

Electric Rates in all deregulated cities in Texas have come down quite a bit since last summer. Last summer a typical low cost electric rate at this time was around 16 cents a kWh for residential home owners and apartments. Now electric rates in the North Texas and East Texas area are priced at 10 – 11 cents per kWh for a 1 year fixed rate term. This is a very low price cosidering when last summer a residential electric rate in Dallas or Houston would cost anywhere from 16 – 31 cents per kWh. First Choice Power had a rate of 31 cents per kWh with some customers. We saw only a few months ago where Nueces Electric Coop was charging one of their customers 34 cents per kWh. We want to encourage residential Texas electric customers to not fall for a too good to be true rate offer but also to sign up for an exbortantly inflated electricity rate. Right now the name brand electric companies most Texas energy consumers are familiar with like TXU or Reliant are charging some of the highest prices in Texas. First Choice Power has come down from their high at 31 cents per kWh but they are still charging a lot when comparing their electric rate with several reputable discount electric companies.

A Quick Warning About Unbundled Too Good to be True Electric Rate Offers

Something to pay close attention to when deciding on a Texas electric rate is if the provider is hiding additional charges they do not make you aware of when quoting you a rate. For instance, Liberty Power advertises on the internet a residential Texas electricity rate that does not have the TDSP charges included in the energy price. We called Liberty Power to confirm what their energy price was on the phone and they did not disclose to us that there would be an additional 4 cents per kWh that would be added to the rate in the form of TDSP charges. We had to specifically ask them after the sales call if there would be an additional TDSP charges tagged on to the rate. Liberty Power also did not make us aware of a monthly service fee when quoting their residential electric rate to us. Their rate at the time that they were quoting was in the 7 cents per kWh range. Imagine thinking you were locking in at 7 cents per kWh to than get your first months bill that also contained 4 cents on top of that rate making the rate 11 cents per kWh and then add the monthly fee of $8.99 to that you have a rate in the 11.5 cents per kWh range.

It would be better for Liberty Power to just disclose to people what their rate is as well as what the customer can expect to pay in TDSP charges since most residential electric customers will pay about the same TDSP charge. Most residential electric companies in Texas will fix the TDSP charges and bundle them into their advertised electric rate. This means that most residential electric providers in Texas make their customers aware of all charges in an “all-in” quoted rate instead of just quoting the “energy only” portion of the rate. We hope this explanation can help you avoid signing up with an electric company that does not disclose all charges in their advertised price.

We visited Liberty Power’s site and they had no hard evidence of what their advertised residential electric rate is although you can sometimes find it on a Google or Yahoo ad that is just the “energy only” price. They had a quote form to fill out but no prices displayed anywhere on their site. We are very curious why they do not provide this pricing evidence on their website? A quick glance on another too good to be true offers shows that “Trickster Energy” (name hidden because of legal) is advertising a “fixed rate” at 7.5 cents per kWh with a $4.95 monthly service fee in their facts label and displays what appears to be a total bundled rate at 10.1 cents per kWh for the Oncor Utility area which is Dallas, Fort Worth, North Texas, and parts of East Texas. When reading their facts label which most customers pass on reading we find that their total bundled rate is really not the 10.1 cents per kWh that it shows. I called Trickster Energy and asked them what their rate was including TDSP charges and they said that the Oncor area rate is 10.1 cents per kWh but does not include the TDSP charges. She also went on to say she has “no idea what those charges are”. The issue is that providers know aproximately what those TDSP charges are for residential energy consumers and can easily give a close aproximate by saying 3 – 4 cents per kWh. Based on this conversation with this Trickster Energy sales lady the rate would be 10.1 + 4 cents in TDSP charges = 14.1 cents per kWh. It doesn’t matter that these additional charges are coming from the TDSP company. The issue is full price disclosure on the main advertised splash page for the residential electric price. The customer should have a clear front page example of the total “bundled rate” that includes all fees and charges including the TDSP charges.

Take a look at a Tricksters facts label as of June 8 2009. You will see that they have a charge showing 7.5 cents per kWh for the Oncor Electric Utility area but then at the top for Oncor they show 10.1 cents per kWh. Now you would assume that the total bundled electric rate is 10.1 since you have a low fee of 7.5 cents per kWh in the document at the bottom but a few cents higher at the top where it says 10.1 cents per kWh. This would be a great all in bundled residential electric rate right now. Now we call Trickster Energy and ask them if the 10.1 cent per kWh rate includes all charges. The lady on the phone says that the rate will be 10.1 cents per kWh but does not include the TDSP charges. She goes on to say that she has no idea what the TDSP charges will be? Even though it is an easy average to tell the customer she claims to not know. If you are a Trickster Energy customer let me finish the sales call correctly. Customer: “So what is the total bundled rate including TDSP Charges?” Sales Agent: “The total charges if when adding an aproximate TDSP charge of 4 cents per kWh will be 14.1 cents per kWh.” Customer: “Why is it that almost all Texas electric providers that sell residential electric service offer a total bundled residential rate in their advertisement that includes TDSP charges but your company does not?” Sales Agent: “Well we know our bosses know what the average cost of these TDSP charges will be but we have been told to state that we have no idea what these charges are.” Customer: “Doesn’t this allow the customer to assume that the rate will be somewhere in the neighborhood of 10 – 11 cents per kWh when in reality it will raise the electric rate several cents higher?” Sales agent: “No comment!”

Highest Priced Texas Electric Companies

These are the highest priced residential electric providers in the Dallas, Fort Worth, North Texas and parts of East Texas area. This comparison will also serve for showing who is pricing the highest in the Houston area as well although prices will typically be a little higher in Houston than in the Dallas Fort Worth area. The electric companies in the below list are reputable stable energy companies but happen to be offering electric rates at much higher prices than several other residential electric companies. There are also some electric providers in Texas that are advertising much lower rates than these providers but have hidden fees and charges they do not readily disclose on their websites or over the phone. We need to hear from consumers who have been tricked into what appeared to be a low rate but is really much higher.

Click here to see the Cheapest Available Residential Texas Electric Rates

Have You Been Surprised By Undisclosed Fees and Charges on Your Electric Bill?

If you have signed up at a higher electric rate than you were advertised by a Texas electric company than please fill out this form and let us know. There have been several complaints by Liberty Power and Trickster Energy customers that they were locked into an electric service rate much higher than what they were initially told. You may have been misled into an electric rate by one of these electric companies or possibly a different one we do not know about. Please feel free to let us know by filling out this quick form with your information.

Last Summer (2008) Some People Signed up at 15 Cents per kWh

Last summer a company by the name of Just Energy which also goes by the name of US Energy Savings Corp signed up many electric service customers to 5 year fixed residential electricity agreements. The reason so many Texas electricity customers signed up with Just Energy at 15 cents per kWh was because this was the cheapest rate when comparing 1, 2, and 3, and 5 year fixed electric rates.

Many did not realize that the summer of 2008 were some of the highest electricity prices in the Texas electric service markets history. By signing up for 5 years many Just Energy customers had locked themselves in at the highest time in the Texas energy market. Just Energy was not to blame for offering a 5 year fixed electricity agreement but consumers who decided to sign up for this long were strongly recommended by Electricity Bid to sign up for 6 months to 1 year even though the rate would be higher because it was our companies opinion that electricity rates would be coming back down. The summer of 2009 Texas saw some of the cheapest electricity rates we have seen but as of June it looks like the markets are heading back up again. We recommend 1, 2 and 3 year fixed rates at this time while prices are still low.

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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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