Lower Electric Rates in Laredo, Texas

laredo texas electricity pricesLower electric rates all across the state of Texas are making the residents of Laredo, Texas very happy.

Instead of having to pay outrageous prices for electricity, customers are seeing lower bills every month. The reason behind the lower rates – dropping prices of natural gas. You may wonder what natural gas prices have to do with electricity.

Natural gas is used at the power plants that generate your electricity. When the prices of natural gas are high, the increase passes on to the customer. When the prices are low, the savings are passed on to the customer. This means you save money every month.

The next time you look at your Laredo, Texas electric bill, take the time to appreciate the savings. You can save even more money by switching your electric service provider. Competing providers offer various prices on the cost per kWh. You can use our comparison chart to compare the rates. Our chart takes only a few seconds to provide you with a list of Laredo, Texas service providers. In just a few minutes, you can be on your way to saving even more money on your already lowered electric bill.

All you need to do is type in your zip code and view the results. You are never obligated to switch service providers and our comparison chart is free to use. We only want to ensure that you are aware of the other providers and the potential savings. Regardless of whether you switch Laredo, Texas providers, try our comparison chart. Compare the rates with your own eyes and make an informed decision.

Our site offers a comparison of traditional Laredo Texas electric companies and no deposit electricity suppliers. You can see rates with all fees bundled into the rates. If you have questions regarding the comparison chart please call us at 1-800-971-4020

Riverway Power’s Bankruptcy Will not Be Going Through

Riverway Power attempted to declare bankruptcy as a way to keep their existing Texas electric service customers to reorganize and start over again. The Public Utility Commission of Texas asked them if they would be going ahead with the bankruptcy filing and the owner of Riverway Power said, “no we will not be able to declare bankruptcy.” For whatever reason, Riverway Power lawyers advised them to not go ahead with bankruptcy. Because Riverway will remain in business without filing bankruptcy they will have all of their customers transferred to the provider of last resort by the Texas state government.

If you are a Riverway Power customer you need to know a few things about this issue. If things occur as they have with National Power company who also had their customers transferred to the POLR rate you may lose your deposit with Riverway Power. Not only will you potentially lose your deposit but you will be put on the POLR rate which could be anywhere from 22 – 30 cents kWh depending on the area you live in. The POLR rate is something you want to get off ASAP as the rate is double and triple what you can get elsewhere.

Low Cost Reputable Electric Provider

If your in the Houston area Affordable Energy has the best 12 month fixed residential rate as of June 2008

If you are in the Dallas Fort Worth area and other areas you can sign up with Startex Power at one of the lowest rates out there right now. We no longer recommend Startex Power at this time.

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.

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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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