Bridgeport Texas Electricity Rates and Companies

In order to to compare electricity rates in Bridgeport Texas you first need to compare a list of retail electric providers that offer reputable contracts. Some Bridgeport Texas electricity companies will offer what appears to be a good cheap rate but fees and charges are hidden in the contract details and terms of services.

The question to consider is why do these disreputable electric providers in Bridgeport Texas hide these fees from their advertised rate? They could just as easily bundle in these charges and fees in their advertised rate but they don’t in order to sucker in more customers.

We work much differently than providers like these. Our goal is to educate Bridgeport electricity customers in order to assist in achieving for them the cheapest residential electric rate available.

The electric ompanies in our Bridgeport TX electricity comparicon chart offer rates that have all fees and charges bundled into the rate. Taxes are not included in the rate although this is industry standard and makes up a small portion of the overall rate.

When comparing electric rates it is also important to avoid choosing a variable electric rate unless it meets your needs. Variable electricity rates are subject to change from day to day.

There is no price stability with a variable price because it can go up one month and down the next. The times when it makes sense to choose a variable changing price for your electricity service is when you will be living somewhere short term.

A variable rate offers a no commitent contract allowing you to leave at anytime without paying an early termination penalty.

A fixed rate locks you in for a certain period of time but the positive offered is price predictability. Your electric rate in Bridgeport will remain the same for the entire term of the electricity agreement.

I recommend comparing the 6 month or 12 month fixed electric rates in our comparison chart. This way you will not have to worry about going shopping for a cheaper electricity price everytime your rate goes up in price.

You can sit back for 12 months and then revisit the shop and compare process. To begin ordering your electricity service in Bridgeport Texas online just type in your zip code in our comparison box and click on “compare rates”.

The electricity providers available in the chart from Bridgepor will appear and you can choose an electric provider that offers the rate, plan, and terms of service that best fit your needs.

If you would prefer to call and speak with a Bridgeport Texas energy consultant please call us at 1-800-971-4020

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

April 2009 Dallas Residential Electric Rates

We have gone back to check Dallas Texas electricity rates for the month of April 2009 to see where the electric providers fall in line on their prices. Some Dallas energy providers have prices that are several cents cheaper then some of the larger electric companies like TXU and Reliant. One of the reasons we put this list together is so that Dallas energy consumers can see that there are much better offers available for Dallas electricity service then what TXU Energy has to offer. For instance, checking the rates TXU Energy is offering as of today, April 17 2009, we see that they have a 1 year fixed rate listed at 13.8 cents a kWh. The cheapest available 12 month offer in the chart is for 9.4 cents per kWh with Champion Energy.

You can see updated current rates by using the compare tool at the top right.

Texas Power

Are you Looking for a Way to Avoid a Deposit?

Precisely every single provider will ask you for a deposit unless they are a prepaid provider. Why is this the case? The reason is simply because you are buying a commodity from a company that has bought that commodity as a large block purchase, they have than hedged their investment the same as a farmer would do to protect the profit in that purchase. They than create an electricity plan in hopes that several thousand customers will buy the plan in order for them to execute this all in a way that based on volume they make a profit.

Your Texas power purchase will not make a provider a profit if they take on a large percentage of untrustworthy customers that will default on their electricity bill and leave them with excess energy they could not sell at a profit. When bad customers default not only do they leave the provider with energy they needed to get rid of they also are out whatever money the customer did not pay them.

Because providers only make money if they sell their block of energy to at least 3,000 or more customers this takes a lot of planning to get this right and a part of this is that they have a very low percentage of customers who default. By necessity these Texas power providers must check your credit and if you fall under a risk threshold that statistically shows you have a high probability of defaulting well then they ask you for a deposit.

On top of checking your credit and asking for a deposit, providers don’t advertise what that credit score risk threshold number is or how much the deposit will be ahead of time. They need to keep this information secret to get a high number of sign ups because the more sign ups they get the higher number of customers they will get.

Since all providers that aren’t prepaid providers check your credit it makes no sense for a provider to tell you upfront if you fall in this category will most likely reject you by asking you for a deposit of said amount. This will cause most customers to move on to the next provider who is less clear about this but then asks you for the same thing. Eventually you get tired of the continuous game that is more of the same and you settle and pay a deposit with a provider after calling or checking online with a few.

The point I am trying to make is that with any traditional provider you have a big positive in that they offer some good standard long-term fixed rates such as a rate that remains the same for 1 year and is reasonably priced. Don’t feel dejected when they check your credit, find out your credit score is poor and go on to ask you for a deposit. They are simply protecting their large investment in energy and you just don’t meet the statistical odds of paying on time every time.

Don’t feel cheated but understand that in America there are usually a host of options and in this particular case it would be to avoid the deposit altogether by looking at Texas power choices that are known as prepaid electricity rates. These prepaid providers allow you to pay in advance to guarantee the provider always get paid and the positive trade-off for you is that you always have your lights on and no deposit is required.

Our comparison widget can show you some of these prepaid choices if you discover that a post-paid option doesn’t fit your situation because they all want you to pay a deposit.

You may call us to order over the phone or learn more by calling 1-800-971-4020

Riverway Power Electric Company

June 6th 2008 Riverway files for Bankruptcy! 4 Electric Providers Gone this Summer

Riverway over the last few months sold electric prices way below the market price most energy providers in Texas were pricing at. The prices looked a little too good to be true and sure enough all they were doing is buying their electricity on the MCPE market without hedging their investment and selling it as a fixed rate. Riverway was a provider just like National Power who tried to pass the loss in investment when rates went up to their fixed rate customers. The point to a fixed rate is that you are buying hedged energy that cannot go up. Riverway was selling unhedged energy and like rolling the dice that the market would not go upside down on them, they lost that bet. The PUCT would not let them pass on the cost to the customer and they had to eat that loss. Like 3 other electric companies that went out of business under similar circumstances, Riverway Power is another down by bad risk management.

Riverway Power is also known as Sure Electric, LLC and is a retail electric provider operating in Houston Texas. The electric company is managed by seasoned Texas electric company professionals who have been a part of the deregulation process in Texas since 2002. Riverway Power is working to expand beyond Texas to 17 other deregulated states throughout the United States.

Update on Riverway Power Electric Provider

James wrote in that Riverway Power recently canceled his 1 year fixed electric rate contract due to natural gas price increases. Many do not know this but most of the electricity in Texas is generated using natural gas. When a Texas electric company like Riverway Power buys your energy they buy the commodity natural gas. If they do not buy and hedge the commodities they sell as electricity carefully, they have to cancel their energy agreements or go bankrupt. If your energy contract was not honored with Riverway Power please feel free to let us know by commenting below so we can warn others.

Monty wrote on April 19th, 2008 at 11:47 am about Riverway Power, “They just canceled my contract. This was very upsetting as it is a pain in the rear to switch power providers and then they pull a bait and switch on you.”

What Should I Do, I No Longer Have an Electric Company?

If you were a Riverway Power customer you have been switched to the POLR company or the Provider of Last Resort. This is a back up plan where the Texas state government moves you to a new provider so you will not be without service. The POLR rate is very high, somewhere around 22 – 30 cents kWh depending on your location. You want to pick a competitive Texas electric provider ASAP! We have some discount 12 month fixed rate offers below. Bounce Energy has several different fixed rate plans in our comparison chart and Trieagle Energy follows close by and has several different fixed rate terms. Both of these Texas Power companies are reputable electric companies with no danger of going out of business. Bounce Energy has the cheapest available electric rates at this time.

Low Cost Texas Electric Providers

For Low Cost Residential Electricity with a solid reputable electric provider in Texas we recommend Bounce Energy. Sign up with Bounce on their discounted fixed electric rate in the chart above, that will not change for the entire term of the contract.

Bounce Sign up form is in the compare tool above. Start by entering your zip code

If you live in or around the Houston area you will find the best electric rate with Bounce Energy – Learn More Above!

Riverway Electric Company

Riverway Power boasts that their company is set a part from the other Texas electric providers because of their 360 degree customer focus approach. Lousy customer service is something Riverway Power works to avoid however many new electric providers get it wrong when it comes to billing their customers correctly and staying in business for the long term. As of recently they have put a huge ding on their reputation by not honoring low cost 12 month fixed electric rate contracts they were selling Texas consumers at around 11.1 cents kWh. A few more years will tell if Riverway Power will be here for the long haul or will be like many new comers that have come into Texas to do business only to leave due to a failed billing system and or unprofitable sales from bad energy trading and hedging policies within their risk management departments.

The most likely reason for Riverway Power raising their customers fixed rate electric contracts is because of not hedging their energy correctly. Most people who are familiar with Riverway Power from this incident will never trust that their fixed rate residential electric rate product is truly fixed. If I was in the shoes of James or Monty who had their fixed rate electric contract cancelled on them I would now consider any rate Riverway offers as a variable electric rate.

We sincerely hope Riverway Power will be a success story but with any new Texas electric provider these issues are always a worry and so it is good to take a cautious look when picking an energy company. If you are a commercial business or residential home and you lock in at a low rate you want to feel confident that they will not leave the state with a broken electric agreement. This would leave you with the new job of finding a different electric provider at a higher market rate. We are not saying stay away from Riverway Power but you do need to be careful with new electric providers.

Contact info for Riverway Power

You can reach Riverway Power electric company at this number: 866-321-1520. After the April 2008 incident of the adjustment in what was a fixed electric rate contract many people have called Electricity Bid explaining that they haven’t been able to reach Riverway Power.

How to File a Complaint

If you believe you have been sold a bait and switch as described in the Deceptive Trade Practices Act you may wish to file a formal complaint with the Texas attorney general Greg Abbott: Complaint Form

To file a complaint with the Public Utility Commission of Texas click here: PUCT Complaint Form

Other Electric Companies Following in Riverway’s Footsteps

Prebuy Electric and National Power Company have both had issue with not hedging their energy properly. Now that fuel costs are so high they are left eating their loss or passing this on as a higher electric rate to their customers. Prebuy Electric Company has filed for bankruptcy today and National Power Company attempted to raise their customers electric rates from around 11 cents kWh to 15 cents kWh even though the rate was supposed to be locked anywhere from 6 months to 18 months depending on the monthly term they signed up for. As of June 16th several customers of a well known provider, Dynowatt, have also been complaining that they too have had their fixed electric rate broken by Dynowatt Energy. After calling Dynowatt to confirm this is not actually true. These Dynowatt customers were on a variable electric rate or just coming off their fixed rate contract. The list of electric companies affected by the volatile summer energy market in Texas has grown to over 6 providers. Some are wondering if Dynowatt will go out of business like Riverway and National Power.

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

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