TXU Energy Rates

Compare TXU Energy Rates

If you have been needing to compare and shop for a cheaper Texas electric provider but just have not had the time we would like to encourage you to do so.

Texas electric rates during the summer of 2010 and 2011 have been around 8 – 9 cents per kWh on average when looking at the cheapest providers. During the summer of 2008 a cheap rate would have been 16 cents a kWh. As of October 2011 you can sign up for a cheap electric rate in the Dallas area at around 8.3 cents a kWh for 12 months fixed. In Houston the rate is closer to 9.3 cents a kWh for a 1 year fixed rate. If your TXU Energy rates are becoming unbearably high then we recommend switching to a cheaper electric company. We only recommend that you come off of your TXU Energy rate if you are currently off contract with them. We never recommend that you break a current contract that has not expired yet. The historical utility area of TXU is the Dallas area but they now operate in Houston as well. If you live in a different area you may enter that cities zipcode and click on the button to bring up custom price comparisons for your location.

Going From TXU to Reliant Energy

If you have considered switching off of TXU Energy and onto a new electric provider that you have heard advertise on the radio than please read this. Reliant Energy rates are currently being advertised (back in May of 2009) on billboards and on radio saying that they are now lowering their electric rates by “up to %10”. Unfortunately this means that you would still have to pay Reliant Energy around 13 – 14 cents a kWh when there are several energy providers offering residential electric rates in the 9 – 10 cents per kWh range for a 1 year fixed rate (as of May 2009). Don’t be fooled by a clever marketing campaign. Reliant Energy radio ads have their coworkers on the ads explaining that they love being able to help people but in reality paying an inflated price for electricity service is not really a help in this current economy. There are several reputable electric companies in Texas that offer much cheaper electricity service than Reliant and TXU Energy rates. We have a comparison tool of electric companies that beat both Reliant Energy rates and TXU Electric rates that we would be happy for you to try for yourself and see if in fact there are savings.

Comparison Chart Shows All Fees and Charges in Energy Rate

We encourage you to browse through the 1 year, 2 year, and 3 year fixed electric rate terms and pick the rate and monthly term that suits you best. The chart tool above has all fees and charges disclosed so you know exactly what you are signing up for. We want you to have no surprises when signing up for electric service as some providers we do not have on the chart do not disclose all charges in their rate. We do not work with Texas electricity companies that hide certain fees and charges that most electric companies will disclose in plain English.

Other Energy Providers and Rates

Spark Energy

Amigo Energy

Champion Energy

Stream Energy

Spark Electric

Check rates with multiple Texas electricity companies in the zip code electricity comparison box to the left. You can compare what Spark Energy is offering you with several other electric providers.

You may call with questions to: 1-800-971-4020

Jan 22 2008

Spark Energy is currently advertising several different electric rates at a mid price range in comparison to some of the other competitive Texas electric providers. They currently have a 12 month rate at 11.9 cents kWh with no monthly service charge. This is an ok electric rate although Startex Power has lowered their 12 month term rates below Spark Energy’s prices. Startex Power has a slightly better 12 month rate for 11.7 cents kWh with no monthly service charge. To compare current updated rates from providers in your area please use the chart at the top right.

 

Champion Energy In Comparison To Startex

Startex has the best overall electric rate at 11.3 cents kWh in the Dallas area with no monthly service fee. As of Feb 23 2009 Startex Power offers the cheapest available electric rate in Dallas and Houston. Champion Energy used to be the best electric rate among the low cost electric providers offering promotional discount offers but as of February 2009 Startex Power is offering the best rate. Champion’s promotional electric rate offer has expired although you can sign up with competing suppliers with Startex Power by comparing rates using our tool on the top right of this page. The promo code with Startex is no longer available and since then other providers have come in to compete with this company. We no longer offer Startex on our website to compare with other providers.

Be sure to write down on your calendar 12 months from now to come back to this site to renew with the next lowest cost provider in Texas. We update the site frequently and try and always have the best electric rate going so you don’t miss out on an opportunity to stay with a low cost electric rate.

Those With No Credit History Or Bad Credit

If you are worried the electric company may try and ask for a deposit we have some suggestions on getting by with the cheapest deposit requirement. We have seen that Bounce Energy generally has the cheapest deposit requirement if you have been hit with this request before. We have a compare tool that shows you multiple prepaid companies to compare rates from and sign up with out the worry of a deposit or credit check. The tool is at the top right of this page. As an example of a provider that usually needs a deposit based on credit score, most traditional electric companies that check credit usually ask for $200 – $400 deposit if they don’t like your credit. Other electric providers want even more if you do not meet their credit standards. You may see this as a lot but TXU and Reliant mant times ask for a lot more than what Champion requires. Spark Energy used to waive the deposit amount if you sign up for auto bill pay by credit card or bank account but they have ended this practice. If Spark needs a deposit it may be for around $400 – $500 depending on what they think of your credit history. Startex Power is somewhere in the middle as far as what they come back asking for in regards to a deposit. The best thing you could do is try one of the many prepaid providers we show in our compare tool and sign up and keep that deposit money for groceries. At one time you had to try several providers and pick the lowest deposit you could handle and build up that year of utility bills paid in full before you could get away with not needing to pay an electric company a deposit. Bounce allows you a second chance if you have little or no credit.

Tyler Texas Electric Rates Compared

Comparing Rates

I called Texas Power today to find out what their residential electric rates were. I heard an interesting radio advertisement from them and even saw a billboard with an ad that appeared to show that they had a lower electric rate then several other energy companies in Tyler Texas. So I call Texas Power Electric Company and ask them what their residential electric rate is. They tell me they can lock me in on a rate at 11.9 cents kwh. They explained that this is not an introductory rate but it is a variable electric rate (meaning it can change). They explained that it changes price based upon the Natural Gas price. If Natural Gas goes up then their rate will go up. If it comes down then their rate should come down. It sounded fair enough but I checked into natural gas and discovered that natural gas is at a 2 year low and is currently heading up. Not only that but they want $10 a month if you don’t use over 1,000 kwh a month in customer service charges. This charge would easily eat up any savings I thought I was getting. I past on this deal as I found another rate plan that is fixed for 12 months at 10.8 – 11.8 cents kwh depending on your area and has no monthly customer service charge regardless of how much or less energy you use. This rate plan was with Startex Power. Update: As of February 2009 Startex 12 month electric rate is 10.8 cents kWh in the Dallas area. This was a promotional electric rate with Startex Power. You could sign up on this promo rate at a link in the past but we now have other offers and providers available through the use of our compare tool.

Looking for a No Deposit Plan?

If you have a low credit score or bad credit you may have noticed most electric companies in Texas want a very high deposit. We have a no deposit or low deposit choice available with Acureed Energy and several others. Use the compare tool at the top right to check all prepaid offers out and order online.

What Would Be The Best Electric Rate Plan

If you are going to pick a plan in Tyler Texas then it really isn’t any different then other areas of Texas. Different regions in Texas have different pricing but this is regulated by ERCOT (A Texas Agency) and not something the energy provider controls. Your concern should not be the brand name of the company or how they market their product. If you go out to the Texas website www.powertochoose.com they will show you several electric company rate plans along with the Facts Label. The Facts Label is like the government required nutrition label on the back of a can of food. You can’t go wrong by comparing an energy plan’s facts label with another energy plan’s facts label.

Here is an example of Spark Energy’s Facts Label:  Facts Label

More about Tyler Texas Electric Companies

Transmission and Distribution Service Provider Charges

Transmission and Distribution Service Provider Charges (TDSP)

Texas electricity consumers often go out and receive quotes from several retail electric providers and notice that there is an additional charge that is not quoted with the energy rate. The TDSP charges or what are sometimes known as pass thru charges are left off of the rate. This can appear a little shady as if the energy supplier is purposefully trying to make their electric rate look better then it actually is.

TDSP charges are not your electric rate?

What is actually going on when the electricity provider leaves the TDSP charges from the energy quote? They are not trying to trick the customer. Texas deregulated the energy market in Texas back in 2002 and when they did this they unbundled the energy rate. The energy provider prior to 2002 was also the pole and wires company. That means the TDSP charges and energy rate were owned and charged by one company prior to 2002. When deregulation occurred the Texas government with the oversight of the Public Utility Commission split up the former monopolies such as TXU Energy, First Choice Power, Reliant and others and created seperate companies. Now you have over 40 Retail Electric Providers to choose from and only a few pole and wires companies. In fact for your region you only have one choice for who you pay your TDSP charges to. In the Dallas area you would pay TXU now known as Oncor http://www.oncorgroup.com. This TDSP charge will show up on your energy bill the same regardless of which Retail Electric Provider you choose. This TDSP charge is simply past on to you from Oncor directly to your energy bill. The TDSP charge can be anywhere from 1 – 8 cents a kilowatt hour and sometimes more. In order to find out exactly how much you pay the pole and wires company you would need to call them and ask for your historical usage. This data will show you exactly how much you pay in TDSP charges for each month along with the corresponding kwh usage for the month.

Electric Providers are showing several different estimates for my TDSP charges

The reason electric providers are giving you an energy quote with an estimate that is not the same as another providers estimate is because they can only guess as to what exactly you may pay for next year. The TDSP charges are figured based on a Public Utility Commission of Texas Rule that is complex and changing. The TDSP charge also changes based on the amount of usage used. Because of these variables you may see several different Transmission and Distribution estimates. The important thing to remember is that these are not quotes but only a helpful estimate to consider so you will know what the total charges would look like. In the end you will pay the same TDSP charges regardless of which electricity provider you choose. Note: It is still not illegal for Texas electricity providers to secretly mark up the TDSP charges with their profit margin and hide this fact in the fine details of the contract. Electricity Bid does not work with any Texas electric companies that do this practice although they are still out there.

For more information about these charges please speak to a Texas energy consultant to learn more. You can speak with a consultant from Electricity Bid by calling 1-800-971-4020

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

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