DPI Energy a Prepaid Electric Provider Requests Permission to Sell to TruSmart Energy Holdings

DPI Energy is one of the popular prepaid electric companies in Texas but like many prepay companies there are often challenges with staying within PUCT rules and regulations to operate as a licensed Texas electric provider. DPI Energy’s owner, Amvensys Capital Group LLC. has requested PUCT approval to sell all of DPI’s units to TruSmart Energy Holdings LLC.

One of the PUCT points when a change of ownership is made is that it is not used to get around a rule or regulation while yet still maintaining similar management or ownership however behind the scenes and hidden they may be. From the PUCT research they conclude that the sale appears to consistent with the terms if the settlement agreement from Sept 15th 2011 as written about on the PUCT website.

Once the PUCT staff have received all exhibits and schedules of the sale agreement they will be able to make final recommendations to the commission of the sale and proceed with allowing it to take place. The change of ownership application was received on October 6th and is being reviewed. The staff has until October 24th to file recommendations regarding this sale. So long as the commission finds that the sale agreement complies with the terms of the settlement previously established by the commission and DPI they sale and change of ownership should go through.

There will be a change in ownership and control as well as technical and managerial qualifications. TruSmart will show proof of shareholder equity in TruSmart no less than $1 million dollars and a stand by letter of credit payable to the PUCT commission of $500,000. These requirements insure that the electric customers and ERCOT are protected against possible bad execution, default, and bankruptcy of the electric provider. TruSmart currently has Texas electric customers and is in compliance with all PUCT rules and has no history of default with their load servicing company.

This sale should be a big positive in an industry that has seen its fair share of prepaid electric companies keep prepayments and true-ups of their customers and close down business leaving the state with huge profits instead of selling when it was expedient and right to do so.

The Smart Meter Website: Irving, Texas Customers Path to Better Electric Management

irving texas electricity pricesIf you are one of the millions of electric customers in Irving, Texas with a smart meter, you can access the smart meter website. The website, SmartMeterTexas.com, is designed to allow customers to manage their electric bills with more precision. If you do not have a smart meter yet, contact your service provider about having one installed. Smart meters are digital meters that replace traditional electric meters. Smart meters have proven to be more accurate than traditional meters.

By combining a smart meter and the smart meter website, you can view your electric usage as often as every 15 minutes. In the future, you will even be able to register certain devices in your home and monitor how much electricity each one uses. You can do all of the monitoring from the comfort of your home or office. All you need to access your private information is your most recent electric bill so you can provide indentifying information.

The smart meter website will allow you to see how much electricity you use. You can then use the information to save money. You can save money by reducing your electric consumption. You probably do not realize just how much electric you use every few minutes. Now, you can see your usage, monitor it, and make changes to save money.

If you want to save even more money, use our comparison chart to compare the electric rates of providers in the Irving, Texas area. You can view the current rates of competing providers. You may even decide to make a switch. Our comparison chart will help you every step of the way. Combined with a smart meter, you can save more money than ever!

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.

Texas Electric: Advice on Moving from a Regulated to a Deregulated Energy Market

If you’ve moved from a regulated energy market to a deregulated one, the first thing you need to do is get used to the idea of freedom. Freedom? Yes, the freedom to choose your electricity supplier.

Study after study has shown that competition has led to better service and lower rates for Texas electric customers. However, many haven’t taken advantage because they don’t know where to start. 

How to Shop for a New Texas Electric Company: Find a Trusted Source

The first place to start is with a trusted source. Websites like ElectricityBid.com put all of the resources you need to shop quickly for a Texas electric company at your fingertips. What you’ll find on sites like this are:

Comparison Charts: These list rates for multiple Texas electricity companies within a given region.

Requests for Energy Proposals: By filling in just a few pieces of information, you can get bids from numerous Texas electric companies to compare. This eliminates the need to visit website after website or make phone call after phone call to gather he info you need to make an informed decision.

Low Deposit/No Deposit Electric Service Plans: Have bad credit? A low income? On a fixed income? Conventional Texas electric companies have options for every type of consumer. You don’t have to automatically assume that the only options available to you are high-cost prepaid electric service plans.

These are just a few of the helpful categories you’ll find on sites like ElectricityBid.com. Everything you need to find the best Texas electric plan for you can be found there.

Texas Electric Customer Shopping Tip

 

Ask, ask, ask! When moving from a regulated to a deregulated energy market, most customers assume that the old rules apply. So, if they’ve had an expensive prepaid electric service plan before, they automatically assume that’s all they can get again.

Not so.

Ask about no-deposit electricity plans like the Texas LITE-UP program. It gives customers a discount on their electric bill five months out of the year.

Call and ask for qualifying details and/or to inquire about other programs like this that can help you defray the cost of your Texas electric bill.

Texas Electric: Get Federal Tax Credit for Making Energy Efficient Home Improvements in 2010

The federal government is going all out with its green energy initiatives. One of the ways it’s doing this is by incentivizing the program, ie, giving tax credits to homeowners for making their homes more energy efficient. Following is an overview of one such program for the year 2010 that can help Texas electric customers.

FAQs: How to Get Federal Tax Credits for Energy-Efficient Home Improvements Made in 2010

How do I get the tax credit? Basically, you have to make the improvement/purchase qualifying products and “place them in service” during the year 2010. You then claim the tax credit when you file your taxes next year.

How much of a tax credit can I get? The maximum amount is $1,500. The credit is 30% of cost. So in essence you get to spend $5,000 and get a credit for 30% of this.

Does this apply to products/improvements I make on my rental and/or vacation properties too? No, it must be your primary residence.

 

Which products/renovations qualify for the tax credit? Following is a partial list. Consult the Energy Star website for full details.

Windows and doors; insulation, metal and asphalt roofs, HVAC (including air conditions, heat pumps, furnaces and boilers; water heaters; and biomass stoves.

How to Lower Your Texas Electric Bill for $0

Don’t have any money to spend on energy-efficient home improvements? It’s okay; you can still save on your electric bill. How? By doing some comparison Texas electric company shopping.

Traditional Texas energy providers offer a host of money-saving options for budget-conscious consumers, eg, the LITE-UP Texas program. With this program, you can save money on your energy bill five months out the year (May through September)? And, it’s a no-deposit electric service plan.

Plans like this are ideal for consumers who are currently on prepaid electric service plans because they can significantly lower your energy bill during the five most high-consumption months of the year. And it needn’t cost a dime. All you have to do is call your Texas electricity company to get full qualifying details

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

Get in touch with us!