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.

Saving Money on Electricity Can Be an Easy Task in Killeen TX

Killeen TX is one of the areas in Texas that benefits from the deregulation of the electricity providers in the state. That means each customer has the right and ability to choose the company they want to have provide them service. There is a website we want you to know about that has all of the recommended Killeen TX electricity companies listed. Here is where you can find the services they provide, billing options, customer service hours, the available rate plans, and other important information. You will be able to easily find the plan that is best for your family or business by using the comparison tool.

Click here to compare electric rates in Texas from multiple electricity companies

One of the things you need to know are the requirements each company has for setting the amount of a deposit that may be required. The stronger your credit rating, the less you will have to come up with, if anything at all. You will find some companies that will have less stringent credit requirements, especially helpful in these trying economic times.  Some offer pre-paid service plans which will have higher rates, but eliminate having to come up with several hundred dollars to initiate service.

Another decision to be made is the length of your contract with any company. If rates are low, and you have been established in a residence to know your monthly usage, you may find it in your best interests to sign a long-term contract to lock-in your Killeen TX electricity rates. Of course, you can always try a service for a shorter period of time and remove the risk of having to pay any early termination fees.

Click here to compare electric rates in Texas from multiple electricity companies

Comparing Texas Electricity Prices and Green Energy

When comparing Texas electricity prices you have several energy companies out there competing for your business. If these companies have to use words like green energy, environmentally friendly or quite a few other buzz words to get your business they will.

Now comparing these green energy plans is a little challenging as you have to deal with companies selling quite a few different variations of this green energy stuff.

For instance, many of these electric companies are buying biomass renewable energy credits in other states and than applying that to their dirty energy.

These electric provider in Texas than sell you clean energy but in reality you are cleaning up another state and not the state of Texas.

It’s great that at least you are doing your part for the US as a whole but wouldn’t it be nice if it helped out Texas?

The government is about to cramp down on these green energy buzz words that providers use to sell their electricity service.

Soon many packages for things as simple as baby diapers may have to remove the environmentally friendly labels from their packaging.

Texas electricity providers may not be able to call their electricity renewable energy unless it meets a high enough percentage and overall things will hopefully be a little more transparent as to what it is your buying.

In the big picture it will be easier to compare green energy providers in an apples to apples comparison and choose the lowest price.

However, this may have more to do with setting up the whole cap and trade system rules in which electricity companies and manufacturers aren’t simply no longer advertising that their products are no longer environmentally friendly. Instead, government deadlines are set for manufacturers, energy generation facilities, electricity providers, and so on to make their power plants and products meet these new green friendly and carbon neutral requirements.

A large part of the requirement will be a tax on these products and services if these power plants and so forth can’t operate as carbon neutral as required. These taxes will than go into a slush fund where the government may choose to do something completely different with this money as they did with Social Security taxes.

In Texas You Have the Right to Choose an Electricity Company

If you are relocating from out of state or are moving to a different Texas city from places like Austin, El Paso, Garland, Plano, El Paso and a few other areas you may be happy to know that you may now choose your electric company. Texas is the most competive electricity market in the world and because of this it has helped in lowering electricity rates for residential and commercial electricity service customers.

To begin shopping for residential electricity rates and comparing electric companies just use our comparison chart at the top left of this page. You will need to enter in your zip code and a list of electricity rates and providers will appear. Pick the cheapest provider based on either a fixed or variable term.

Make note that a variable price may be lower but it is subject to go up in price after the first month. This is because you are not locking in your electricity price when choosing a variable rate.

For most people a fixed electric rate makes more sense because you will have a predictable electricity rate and you will know what the price will be each and every month.

The choice in Texas is called the Power to Choose because you have the ability compare over 20 different competitive electricity providers and find the cheapest rate.

Killeen Texas Electricity Companies

Compare Residential Electricity Rates in Killeen Texas by Using the Comparison Chart Below

For those living in or around Killeen Texas and are looking for an affordable electricity company we recommend checking out our electricity comparison chart. If you need a commercial electricity company in Killeen then please click on our contact link to feel out a short rate quote form. A commercial energy consultant for the Killeen Texas area can call or email you back with rate quotes from multiple Killeen Texas electricity providers.

Our Killeen TX residential electricity company comparison chart can be found simply by clicking on the comparison link in the menu bar above. We have all electricity rates, fees and charges disclosed so you know exactly what the electricity rate, monthly service fees, and TDSP charges you will be billed for by your electric provider will be.

If you would like to speak with a Killeen Texas energy consultant you may call us at 1-800-971-4020. One of our energy consultants can go over different questions and issues related to electricity prices. One of the most common confusions about electric rates has to do with transmission and distribution service provider charges. Commercial electric rates do not initially have the TDSP charges bundled into the electric rate. This unbundled rate is not to be deceptive as all commercial electric providers do not initially bundle the rate until they know your estimated or historical electricity usage.

Once the Killeen Texas electricity provider has your estimated usage they can quote you a total bundled rate. Most commercial electricity providers do not mark up the TDSP charges although it is not considered against PUCT regulations to mark them up so it is important to watch out for this practice.

Residential electricity rates are different in that most Killeen TX electricity providers will “fix” the TDSP charges and bundle them to the “energy only” charge giving you a total bundled rate. Due to a new PUCT and ERCOT rule all providers in deregulated Texas areas must pass through an additional smart meter or advanced meter fee. This fee is about $3 – $4 more per month on all Texas energy consumer bills regardless if their TDSP company has installed the new smart meter device yet. There may also be a monthly service fee some Killeen TX electric companies will charge that is generally about $4.95 – $9.95 that is disclosed next to the rate. Some Texas electricity providers make the monthly service fee hiddeen from view so be sure to check the “facts label” if you are unsure if there is one. Our residential electricity rates include all fees and charges and any monthly service fees are clearly listed next to the rate.

Some electric companies in Killeen will never charge a monthly service fee unless the energy customer uses under 500 kWh a month in electric usage. Since not very many customers use less than 500 kWh a month it isn’t a concern for many however if you have a small apartment and are single you might want to find a provider in Killeen that does not have a monthly service fee regardless of the amount of electricity usage used.

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

Get in touch with us!