Houston, Texas Electric Customers are Still Saving Money

houston texas electricity pricesResidents of Houston, Texas and the surrounding area are still saving money on their electric service. In 2009, CenterPoint closed on securitized bonds worth $665 million. These bonds were issued to cover the recovery costs after Hurricane Ike. The savings experienced by Houston, Texas customers will last for approximately 13 years, total. That means that you will continue to see savings on your electric rates for many years to come.

Given that hurricanes cause such a high amount of damage, these securitized bonds were essential to maintain affordable electric rates. To really see how the rates in the Houston, Texas area compare, use our comparison chart tool. By inputting your zip code, you can see all of the electric service providers that serve your area. The rates are clearly displayed and you can see how those bonds are saving consumers millions of dollars – $417 million, to be exact.

By taking the time to compare the electric rates of competing providers, you can save even more money on your monthly bill. Your electric service will not be interrupted or suffer if you decide to make a switch. You could end up saving hundreds of dollars a year more than you are already saving. The savings from the securitized bonds will eventually run out. By switching to a cheaper service provider, you can still keep your bill affordable without changing your electric usage. Let our comparison chart show you the differences in the rates and you can decide for yourself.

Amarillo, Texas Benefits from the New Nodal Market Structure

amarillo texas electric rates

Xcel Energy Services Inc. on behalf of Southwestern Public Service Company is headquartered in Amarillo Texas and is a fully integrated investor-owned electric utility that generates, transmits, distributes, and sells electric energy to approximately 386,000 energy consumers in the Panhandle and south plains of Texas and eastern New Mexico. Amarillo is not within the Texas Electric Reliability Council of Texas footprint. Amarillo Texas is outside the main electric grid that is used by the rest of the state of Texas.

Because Amarillo Texas is a part of the Southwest Power Pool and not ERCOT they are not subject to participate in the advanced meter program ERCOT is doing or the nodal market system that is revamping the ERCOT electric grid.

A new wholesale market structure will bring positive changes for consumers outside of Amarillo, Texas. The Electric Reliability Council of Texas (ERCOT) is set to change the current zonal market to a more efficient nodal market. You may be wondering exactly what this is and what it means to you.

In essence, the transmission grid in a zonal market is divided into different zones. The electricity in all of the units within one zone is dispatched at one price. A nodal market is laid out to match the transmission grid instead of breaking it up into zones. The value of electricity for every location, outside of Amarillo, Texas, is determined by various factors.

As confusing as this sounds, the benefits of a nodal market include more efficient dispatch, better price signals and the ability to “lock in” prices for electricity the day before it is actually delivered. The nodal market is much more precise and advanced than the zonal market.

If you have not compared electricity rates for Amarillo, Texas lately, now would be a good time although because Amarillo does not participate in the competitive Texas electric market you will not be able to change providers. The new market is sure to bring changes in the rates of area providers surrounding Amarillo. If you have a few minutes to spare, you can compare rates with our comparison chart but keep in mind if you are in Amarillo you can compare but you cannot switch to a new electric provider because Amarillo Texas has not opted into electric choice at this time.

Our unique comparison chart lists area electricity providers and their current rates outside of Amarillo Texas. You can see at a glance who has the lower rates and we even connect you to each provider’s website for further investigation.

If you prefer you may also call us at 1-800-971-4020

Take advantage of the new nodal market being implemented in Texas by using our comparison chart to find the provider that fits your electricity needs and budget outside of Amarillo Texas.

Texas Electric: What Happens If You Don’t Choose a Provider?

 

With all the talk about choosing your electricity provider, many still haven’t done it. “So,” you may be wondering, “what happens if you don’t exercise your right to choose your Texas electricity company?” Following is some insight.

When you elect not to choose your electric provider, your service will be supplied by what’s called an Affiliate Retail Electric Provider. Who/what is this?

An Affiliate Retail Electric Provider is an entity associated with the original Retail Electric Provider (REP) that services your area.

If you don’t know which company this is, you can find out by logging on to sites like ElectricityBid.com. You can speak with a representative there, or plug in some info like your zip code to find out which Texas electric companies service your area.

What You Give Up by Not Choosing Your Texas Energy Company

The most important thing you give up is energy savings. Why/how?

Conventional Texas electricity companies offer so many money-saving plans for all types of consumers. For example, if your credit has gotten a little dinged up in the last few years – and many have seen this happen with the raging foreclosure crisis and steep job losses — you may think that the only plan you can get is an expensive one like a prepaid electric service account.

This is far from the truth.

With no-deposit and low-deposit electric plans like the Texas LITE-UP Program, energy savings have never been easier to get.

FYI, the Texas LITE-UP Program gives discounts to customers from May through September on their electric bill.

So “choose to choose” your Texas electric provider. Sites like ElectricityBid.com make it so easy. Literally, with a few clicks of the mouse, you can be on your way to reducing your monthly electric bill.

Compare Electricity Rates in Texas – Click here

Benbrook Texas Electricity Prices and Plans

In Benbrook Texas you can sign up for electricity rates and plans that are priced at the same price levels as providers price in the Dallas Fort Worth and North Texas region of Texas. In North Texas electricity rates and plans are cheaper than in almost every deregulated are in Texas. Each electricity provider in Benbrook Texas offers a different rate and several plans to choose from. We help sort these electricity rates and plans out from cheapest to most expensive to help an energy consumer find the best price for their electricity in Benbrook TX. The electricity comparison chart below shows electric prices for the North Texas and Benbrook TX area. Simply find the plan and company you want to sign up with and click on the “continue” link. You will then be taken to a sign up page where you can sign up online and be approved for electricity service. If you are asked for a deposit and you cannot afford to pay that deposit you can try another provider in the comparison chart until you get approved for electricity service for little or no deposit.

The latest issue that has hit the news about Benbrook electricity prices and plans has to do with with some of the prepaid electricity companies out there. Many of these companies are changing the way they talk about their product and service because prepaid has started getting a really bad name in the media and among consumers. For instance, some recent news stories have been suggesting some low-income energy consumer’s have actually died from having their electricity prematurely turned off without proper notice. This is probably a long shot but it does hit on an important point. A lot of the prepaid electricity companies have a history of turning off their bad paying customers without proper notice. If a Benbrook Texas electricity customer does not pay their bill on time it does make sense for an electric provider to eventually shut the power off but the question is when does a provider have the right to do this? Their are Public Utility Commission Rules that stipulate what notice must be provided to a customer who has not paid their electricity bill as well as how many days the customer has to pay their bill before their electricity service is turned off.  If a Benbrook Texas electricity provider disconnects an energy consumers power prematurely they can be hit with a large penalty if that customer complains to the PUCT.

If you are a low income customer and you have bad credit or no credit at all we would like to suggest a no deposit electricity plan that is not prepay or pay as you go. You previously could sign up on what was known as a no deposit plan with Bounce Energy. What Bounce did was take $125 from the customer that would be deducted on their first months electricity bill. Instead of paying a deposit with a different electricity company that you would not see for atleast 12 months you would have your $125 deducted on your first bill. If you paid your electricity bill on time the first 3 months Bounce would proactively lower your Benbrook electricity rate to their cheapest rate plan available. Since this is no longer an option be sure to ask for their best rate plan for bad or low credit score customers to make sure they consider you for a low or no deposit electricity rate plan. This plan is no longer available but we have several prepaid providrs to compare in our compare tool at the top right of this page.

Electricity Bid helps you find an electric rate and provider to save you money and keep life simple.

Get in touch with us!