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

TXU Energy in Dallas and Houston

Electric rates in Dallas and Houston have started coming back up the last couple of weeks although today energy prices are back down a little. This trend up represents the possible beginning of a new trend back up. The summer is approaching and if anyone remembers what electric rates were doing last summer you would be wise to lock into an electricity rate now.

Since Texas electricity rates are still quite low as of today (May 20 2009) I wanted to see what Reliant Energy and TXU Energy were offering for residential electric service in some of the larger cities like Houston and Dallas Texas. I first went out to the powertochoose website to see what the government was showing for TXU Energy’s 12 month fixed electric rate. They are showing that TXU Energy is advertising a rate of 14.7 cents per kWh. This is very high when you compare it with the cheapest reputable electric provider in the bunch. The cheapest provider in Dallas that is a quality company is with Champion Energy. They are currently showing an electricity rate at 9.2 cents per kWh with a $4.95 monthly service fee. This is multiple times cheaper then TXU Energy and you can learn more about this residential electric rate in the Dallas and North Texas area by clicking on the link below.

 

We also checked to see what TXU Energy’s closest competitor was offering in the Dallas Texas area. Right now Reliant Energy is working very hard via radio and billboard ads to take residential electric service customers away from TXU Energy in TXU’s territory. Reliant has a cheaper electric rate plan then TXU Energy in TXU’s own backyard. The Reliant Energy rate is also 20% renewable energy which offers a feel good factor for those wanting to save the environment from the pollution of coal fired power plants. One issue with the wind energy plan is that it may be energy that has been produced in another state so Texas doesn’t benefit from the environmental clean energy. Reliant Energy’s rate is 14.1 cents per kWh for their 12 month fixed rate. So we see that Reliant Energy beats TXU but Champion Energy beats both Reliant and TXU on price by several cents. If you compare the 14.1 and the 14.7 cent rate next to 9.2 cents per kWh with a $4.95 monthly service fee you end up saving several hundred dollars over the course of the year by signing up with a wholesale provider like Champion Energy.

You can learn more about Champion Energy by visiting their link and see for yourself why Champion Energy is a better choice over TXU Energy and Reliant Energy.

 

The Reliant and TXU Energy rates when compared in the Houston and Harris county area are similar in price difference with Champion Energy in that area as well. If you live in the Houston Texas area and would like to compare electric rates with multiple energy providers then please click on the comparison link below to learn more.

Houston Electric Rate Comparison

Ambit Energy MLM Opportunity

The Ambit Energy MLM opportunity has begun to propagate throughout the state of Texas just like Excel Telecommunications, Ignite\Stream Energy, Herbalife, and the many other popular get rich quick type of businesses. I don’t have a problem getting rich quick and many of these companies reps will tell you it isn’t exactly a get rich quick type of opportunity. For the electricity customer they will usually find themselves being in a situation where a family member or friend approaches them asking for them to sign up with this new electric service. If you look at the energy rate you will see that it isn’t the cheapest electric rate around usually. If you were to go out to powertochoose today (this is the state electricity website) and look at comparable electric rates you will find many others offering better terms and electric rates

What! More Then A Penny Off The Lowest Going Electric Rate!

I went out to the powertochoose website and pulled up Ambit Energy’s facts label. This is a reliable piece of information when comparing energy prices. The 12 month electric rate is anywhere from 12.49 cents kwh to 14.49 cents kwh depending on the amount of energy you use. This is a very horrible electric rate and the problem I have on top of that is they expect people to have their family and friends sign up on a much higher electric rate then what is currently available. As an example you could sign up with Startex Power for the same term and pay no monthly service charge and have a 12 month electric rate at 11.3 cents kwh. The rates for both Ambit Energy and Startex Power would be a fraction higher in Houston due to the congestion in this zone but would still reflect the same percentage in cost savings difference.

Electricity Facts
Ambit Certified Green 1-Year Term
Ambit Energy, L.P., Residential Electric Service
Effective October 22, 2007

Electricity
Price by TDSP

Average Monthly Usage:
Average Price per kWh:
500kWh
$0.1449
1000kWh
$0.1249
1500kWh
$0.1249
All additional kWh $0.1249

Contract Options

Options:
Early Termination Fee:
12 Months $199.00
See Terms of Service for a full listing of fees, deposit policy and other terms.

Houston Texas Residential Electricity Rates


Over 200 Electric Rate Plans

Houston Texas has over 200 different residential electric plans to choose from. That being said, what is the best plan and are their similarities between one electric provider and another?

  • There are several similarities with fixed price rate plans. Most electric providers offer fixed rate plans for 12, 24, and 36 month residential service plans. The reason the plans are pretty much the same is because they all are hedged energy bought from Natural Gas futures. The energy plans will even be tiered in the same price level. For instance, a 36 month natural gas contract is a higher price right now then a 12 month natural gas contract. Because the 36 month contract is higher the 36 month electric contract is higher then the 12 month contract. You see, the provider has to charge more for a longer term because they bought the energy for more. It is not the same as when signing up for a long term cell phone contract. The same market factors do not apply.

  • Something to watch out for when comparing fixed energy rate plans is the monthly customer service charge. Some charge anywhere between $4.95 a month all the way up to $15.00 a month for you agreeing to be their customer. It doesn’t make much since but many providers do this. This monthly charge can easily eat up any savings in the rate you perceive there to be. Go for a fixed energy rate that has no monthly service charge and do the math to see if you will save more over the companies that charge the fee. Often times you will never save more with the electric companies in Texas that tag on the customer service charge.


Not So Clear Rate Plan

In Houston Texas there is an electric company that has been covering the radio air waves and billboards promising to offer a cheap electric rate for residential customers. This electric company goes by the name of Texas Power. I went out to powertochoose to see what their rate is and discovered it wasn’t that great. I looked at the facts label which is the criteria you use to compare rate plans with each other and discovered that it was from July 3. So the info on powertochoose was a little but outdated. I then went on their website. At first appeared that the rate was no where on their site. I then saw the rate to the right at 11.9 cents kwh. It didn’t give any details other then this rate, I wanted to know more. I went ahead and gave them my information in the site form believing after filling the form out they would show me a quoted rate. Instead I received a statement saying I needed to provide some financial data in order to go through the credit check. I still have not received a rate quote and they are requesting I start the sign up process? This company seems to be going about things backwards. I think they believe that by saying cheap on the radio and then providing a form on the internet to sign up they will get a stream of residential electric customers. I am very skeptical and have yet to receive a rate quote. I will be calling them today to see if they will go ahead and tell me their rate but I have a feeling it won’t be that easy.

I called them today (Sept 19 2007). I discovered the rate is not an introductory rate but it does follow the natural gas market. Natural gas is at a 2 year low right now. The electric rate could easily be at 12 – 13 cents kwh if natural gas trades back up in the $7 – $8 MMBtu range. This would be a sticker shock on most residential customer bills if the rate were to dramtically shift like this. I would stay away from the variable rate as most people will not be happy when their bill goes up $50 – $100 more because of a natural gas swing. To view natural gas prices you can go to www.nymex.com and click on NG. They also told me that unless you use 1,000 kwh of energy or more you will have to pay a $10 a month monthly customer service fee. This is a lot and if you use less energy then this then any savings you receive from the rate will be completely eaten up by this monthly charge.

Not all electric providers make it hard to determine their rate.

Several electric providers will show you their electric rate if you will just enter your zipcode for your area in Texas you live in. Several rate terms will come up and the monthly rate and charges are clear and straightforward. If you get anything other then clear and straight forward it would be my recommendation to stay away. The company may be trying to scam you through clever marketing campaigns. Although a clever marketing campaign may be legal it is definitely not ethical.

Some of the electric companies in Houston that have a clear presentation of what you are getting into on their website are:

Good Fixed Rate Plans:
We offer a comparison of several great fixed rate terms through the use of our compare tool at the top right on this page. The rates are compared side by side and you can see how long the term is and other useful details. The tool allows you to order the electricity service from the provider of your choice when your ready to do so.

Good Variable Rate Plans:
In order to pick a good variable rate plan you have to read the details about the plan on each and every plan otherwise you will end up falling for an offer that looks better than the rest but comes with a catch. Most of these plans stay low for one or two months and then they go sky high on you. When reviewing variable plans see if they come with a cap that does not allow the rate to go beyond a certain level. Make sure there is no long term commitment you must sign with a variable plan. And finally, if at all possible go with a short term fixed rate plan just so you avoid teh possibility of getting burned on a variable plan all together.


Cirro Energy, Customer Confusion Over Variable Electric Rate

Power To Choose had Cirro Energy listed on their website with a Residential Electricity Rate for 12 months at 12.3 cents\kwh back in June of 2007. This tied with Spark Energy who also had a 12.3 cents per kwh energy rate. After looking closer I noticed that you can only qualify for the 12.3 cents\kwh rate with Cirro if you are using more then 500 kwh a month in electricity. Since then Cirro Energy was advertising only a variable 12 month rate on Power to Choose but would show it as a 12 month term. Mind you I had multiple people call me to complain about Cirro because they thought they had signed up for a 12 month fixed rate not noticing they were being locked into a rate that can change at will by Cirro Energy for any reason the energy company decides. I received enough of these calls to realize that most people who signed up with Cirro seemed to be under the impression that their electric rate was locked in for 12 months.

817.929.7095 tel
903.484.9222 fax

Another bad aspect to the Cirro Energy residential electricity rate was the early termination penalty. Back in June of 2007 they would charge an electric customer 1 months average electricity bill if you were to cancel. This could be $200 – $500 for some residential customers who use a lot of energy. On a more positive note an apartment customer might only have to pay $50 – $75 to cancel since they do not use as much energy. Since June of 2007 Cirro’s early termination penalty is more in line with other electric providers. They now offer both a fixed rate and a variable electric rate.

In comparison to Cirro Energy, Startex Power has a competitive electric rate worth looking at. They have standard fixed rate terms without monthly service charges. Another electric rate plan that is good for those looking for a guaranteed no deposit plan is with Bounce Energy.  The electric rate is not dependent upon the amount of electricity used  unless you are using under 500 kWh a month. Most people do not use under that but if you do there is a $4.95 monthly fee.

Cirro Energy has announced as of August 2008 that they are being bought out by a large electric company named Dominion Retail with over 1.7 million residential and commercial electric service customers throughout the USA. My guess is that the churn rate of electric service customers has been increasing and electric companies like Cirro are looking to sell out. After reaching critical mass it actually does make sense to sell out. I wonder if this sell out is foreshadowing what is to come in the Texas retail electricity market?

Remember telecom long distance deregulation? AT&T, MCI, and Sprint. The market became pretty thin and volume ended up making or breaking these companies. Once the companies got too big and their customers started jumping ship to the next best provider they couldn’t justify the size of their companies infrastructure any longer. These companies began losing money and selling off and downsizing.

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

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