Residents 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.