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.

April 2009 Houston Electricity Rates

We have compiled a list of some of the best and worst residential electricity rates in the Houston Texas area. You will find this detailed list below. The best Houston electric rate at this time is with Champion Energy. Reliant Energy and TXU Energy again remain at near the bottom of this list. Trickster Electric Company is near the top although we have received several complaints that Trickster raises the electric rate through TDSP related charges once the customer gets the electricity bill. Because of this we want to warn customers about the potential of Trickster’s (name withheld by legal) electric rate being higher then what it appears. If you are one of Trickster’s customers that thought you were going to be charged one rate but once you received the energy bill were charged a much higher energy price then please feel free to comment below. Read below from one of our readers and a customer of Trickster (name withheld by legal):

Stay away!! 9.7 cent plan kept going up 13,14 and finally to 16 cents!!! Ridiculous!!

Trickster Energy (name withheld by legal) is a rip off. SIgn up for .12 kilowatt, but have been billed up to .17/kw. Also the customer service is horrible. Stay away !!

If TXU Energy or Reliant Energy called asking you to renew at an electric rate several cents higher then where the market is currently at we recommend checking out our recommended Houston electric providers on the top left of this page. All fees and charges are disclosed.

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

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