Electricity Bill So High Resident Becomes Filled With Fury

When electricity usage gets out of hand your electric bill can balloon beyond any reasonable amount. Imagine normally paying $100 a month on average and then in June getting an electric bill for $500.

This much higher electric bill often is not just about a hot summer month where the air conditioner is running more than it normally would. There could be a combination of things going on. I would consider your number one problem ELECTRICAL DEFECTS.

The Electrical Defect

The Electric Water Heater

These high energy bills come from things such as a leaking electric hot water heater. Just like a leaking water line can cause you to get a $500 water bill a leaking electric water heater can cause a $500 electricity bill. Having this issue is similar to you just leaving your hot water faucet running 24/7. This is not a good thing at all and will run through your money quick.

Pool Pump Timer Defect

The pull pump timer sometimes goes bad or must be reset. The pool pump uses a ton of electricity and contributes the most to the yearly maintenance cost of your swimming pool. If this little contraption gets electrically messed up you will pay in higher electricity bill charges. These pumps normally run for just a small portion of the day but leaving it on 24/7 will take a bite out of your wallet.

Heat Pump Performing Poorly

A heat pump is supposed to perform at the correct temperature split. If the temperature split gets out of whack it just means there are some service maintenance aspects of your air conditioning system that need to be checked by a yearly A/C maintenance plan. Twice as much electricity as you normally use can occur if this temperature split is too out of alignment.

Thermostat Set to Emergency Heat

There is a setting on modern thermostats that reads Emergency Heat or something abbreviated in a similar spelling. If this setting is on your winter electricity bill will be twice as high as normal.

Current Leakage

You could have a short circuit at your breaker with a low voltage flow. This type of leakage can be difficult to narrow down and so an electrician is recommended if you believe you have a current leakage of some kind. To troubleshoot you would turn off all breakers, unplug all appliances in the house. Turn the breaker back on and if you register any current flow there could be a leakage occurring but an electrician would be able to tell you for sure. There are certain things in the house to throw this off such as lights on electrical outlets and other tricky things that an electrician could handle easier than the homeowner.

 

Don’t Forget to Shop for Cheaper Electricity Prices

Hopefully, these ideas give you some places to look for ways to stop absurd electricity bills from ruining your family vacation budget. Be sure to use our website to find an affordable electric rate pulled from multiple Texas electric companies in a detailed electricity comparison. Type your zipcode above to get started.

TXU Parent Gets Burned Again!

Energy Future Holdings is the Dallas based company that controls TXU and if you remember was the entity purchased in the largest leveraged private equity buyout in U.S. history. The Energy Future Holdings private equity buyout now ranks as the number 2 biggest ever as RJR Nabisco beat them out. The deal was a cool $44.37 billion to buy up Energy Future Holdings by buyers KKR, TPG, and Goldman Sachs.

The former secretary of the state was appointed to run this big massive company and now facing a 5th consecutive quarterly loss I start to wonder about the too big to fail concept. Is this loan guaranteed by the government in one way or another. How does this get handled if government has to step in?

I kind of doubt these companies would get into this buyout if there weren’t some pretty strong guarantees in place for this leveraged loan.
Being burdened by all this debt Fitch Ratings downgraded Energy Future Holdings’ debt to 8 levels below junk and said a default is very likely a possibility.

The company faces increasing troubles in trying to generate cash and their debt is only going up along with their interest payments. Sales fell 27% to $1.22 billion in the first quarter and interest expenses increased 22% to $785 million from a year earlier.

I wonder who has a protective stake in this buyout and what investors will end up being screwed? The report seemed to blame falling power prices on EFH’s downfall so far. I wonder if the problem has anything to do with the EPA and environmental activists that stopped all those state of the art coal power plants that were expected to be built by TXU?

Power generation is a big part of the EFH business. Their retail side, TXU, sells retail electricity service but this is a carefully balanced business that has other worries unrelated to the generation side of the business.

Trying to keep this big company going with all the government regulation and competitive deregulated market in Texas seems like a huge undertaking and add to that the pressure of all that debt.

I see this as a long uphill climb into positive territory.

Tyler Texas Electric Company

Tyler Texas Electric Company

Tyler Texas is one of many East Texas towns that has their electric market deregulated. The positive to a deregulated energy market is the ability choose from multiple companies and rate plans.

The negative aspects are there too but I believe the positives far out weigh the negative. I remember when first moving into my own place in Tyler TX I was asked for an electric deposit from the monopoly electric utility.

I had no established credit and so I had to come up with the extra money. With the ability to choose your electric company in this area you don’t have to settle for paying a really high deposit just because you haven’t established any credit yet.

There are Tyler Texas electric companies that will allow you to order electricity service without having to come up with $300 or more.

The catch is that you will need to sign up with a prepaid light company. A prepaid electricity company is very similar to traditional energy suppliers accept they bill you upfront instead of 30 – 45 days later.

Some prepay light companies will estimate your electric usage based on the size of your home or apartment.

Other Tyler electric suppliers will use an advanced meter and a prepaid device that you slide a prepay card into similar to a credit card.

The device deducts the amount from the card based on your exact electric usage.

If you have a smart advanced meter I recommend choosing a prepaid electric provider that uses one as you only pay for what you use.

The alternative to the smart meter reading is estimated readings which usually are a little higher than your actual electric usage.

There is a company I have seen on TV in Tyler called Apollo Electric that offers prepaid electric service although we do not know much about them.

We have a comparison of a few no deposit prepaid electric providers that service Tyler if you need to search and find a good company with no deposit.

Just use the comparison chart at the top of this page to compare no deposit energy offers in Tyler TX.

Regarding East Texas Electric Cooperatives, Municipalities, and Monopoly Providers

Tyler is unique in that the city is surrounded by electric cooperatives who do not offer energy choice to their customers.

Places like Longview cannot compare competing electric supplier prices because there is only one energy company in this area.

Other electric Coop’s that exist are Cherokee County Coop, Deep East Texas Electric Coop, and East Texas Electric Coop.

Smith County Texas Electric Company Commercial Rate Comparison

In many ways commercial and residential electric rates are the same. The main difference between these two account types are the fact that residential load profiles are all the same.

Electricity providers can offer all the same rate plans no matter the customer when speaking to residential customers because none of them will cross a thresh hold that would increase the cost to the provider significantly.

Commercial businesses vary dramatically in how they use electricity. A large industrial manufacturing or chemical facility uses far more energy and in much different ways than a small smoothie franchise.

Because of variations even between restaurants and retail clothing stores commercial electric rates are priced individually by a provider based on how the business uses their energy.

The tailored made nature of a commercial energy price in Tyler TX usually means a more competitive rate. A stunning exception to this rule is if you have a Tyler church.

Churches will always pay way more for their electricity compared to what they use because of their KW demand. Electric companies charge you for both kilowatt hours used and how much is demanded.

Because a Tyler church demands energy all at once on Sunday they get hit with a large fee for this no matter the electric company they choose. This fee is more of a grid, transmission provider fee than a fee from the retail electric company.

Unfortunately there is no way out of these high cost TDSP fees for churches at this time until the PUCT and ERCOT choose to offer some type of relief to this type of operation as found in a church.

Regardless if you have a church that needs a commercial electric rate comparison or some other type of business we can help facilitate a reverse energy auction for your energy account.

To learn more about this topic and others please call one of our local Tyler TX commercial energy consultants at 1-800-971-4020.

Houston electricity rate plans offer flexibility to the energy consumer

In Houston Texas electricity service customers are beginning to see that choosing a variable electric rate plan and waiting for it to eventually go up is not the best choice.

The wait and see game works for awhile but eventually you can get stung as did Steve Smith who remodeled my house not but a few months ago.

We needed some drywall hung in the living room and some electrical rewiring done and me and Steve started talking. He mentioned that he used to get on a the cheapest variable electricity rate in Houston and wait and see.

If his rate started to go up to high he would simply shop around again and choose the next best offer out there at the time. He did this until one month electricity rates in Houston were sky high.

He could not find a good low priced variable electricity rate plan or fixed plan for that matter. He started to see how doing the wait and see game may work for a little while but you will eventually get burned.

He went ahead and bit the bullet and signed up for 6 months at a pretty high price for that time in Houston Texas. Fortunately after 6 months rates came back down to normal price levels.

He now is on a fixed electricity rate in Houston Texas and enjoys the price assurance a fixed rate offers and the time saved not having to continuously shop for Houston electricity companies every few months.

Steve is now out of the home remodelling business and has started a small sub sandwhich shop in the East Texas area. He used ElectricityBid to procure his commercial electricity rate and we look forward to working with him in the future when his contract comes up for renewal.

If you need to shop for commercial or residential electricity in Houston TX please use the compare tool at the top right by entering in your zip code. You can compare multiple Houston TX electricity companies and find the rate plan that makes the most sense for your situation.

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.

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

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