Earth Day Tomorrow, Go Green at a Discount

Tomorrow is officially earth day and there are a few electric providers offering a green renewable energy option to residential home owners at a discount to encourage you to buy renewable energy. This is a great opportunity to sign up on a renewable electricity plan since green electricity service is generally more expensive then a non-renewable energy choice. This particular green electric plan below comes with a $50 home depot gift card. This is a promotional discount offer that is only cheaper during earth day which is April 1st. Be sure to check it out if you will be making your decision on an electricity plan on April 1st.

Learn More About the Renewable Green Residential Electricity Plan please use the compare tool at the top right of this page.

If you decide to “Green Up” your home using the Bounce Energy link above then be sure to do so on April 1st when this discount green plan goes into effect. This is a 100% renewable energy plan and is available in all deregulated areas in Texas. If you are more interested in just finding the cheapest electric rate then I recommend checking out our offers on the top left of this page. We keep the cheapest available electric rates for residential homes listed on the site and updated daily.

If you need a no deposit electric rate we recommend going to our no deposit electricity page and checking out our plans there. For people who have a bad credit score but need electric service turned on quick and need to avoid a deposit this is a great way to solve the headache of getting Texas electric service turned on in your name.

Champion Electric

Champion Energy

Cheapest recommended residential Texas electric company rates are listed in the compare tool to the right. To compare Champion Energy with other electricity providers in TX please type in your zip code to the right and click on “Compare”. If you do not live in either Dallas or Houston you may still click on the button and enter your zip code to check rates in your area.

Champion Energy offers only one term for their residential electric plan, we currently recommend Startex Power over Champion Energy at this time. They have the cheapest electric rate and there is no monthly service fee. As of February 2009 their electric rate is 11.3 cents kWh with no monthly service fee and this is for 12 or 6 months fixed(as of Feb 23 2009). I have yet to see a better offer then this.

Since these electric rates have been published electric rates could come up across the board among all providers if the energy market makes a move up. Feb 2009 represents a fresh low in energy prices.

If you would like to see the cheapest electric providers rates and terms of service in comparison to Champion Energy’s current electric rates you may click on the yellow gold boxes above. Enter your zip code and all available terms with Startex Power will come up at their lowest available prices. This is their promotional electric rate and you can sign up on this promotional offer using the promo box above. The promo code is built into the link so their will be no need to enter it as it will be filled in for you.

Since we wrote about this offer in February the Texas electric market could have gone up or down since then. Because of this the discount rate now could be higher or lower from what was offered in February 2009. Once you lock in to the electric rate it is fixed but Texas electric rates change quite frequently with the commodities market so it is important to lock in at the right time.

Texas Residential Electricity Explained

Residential electric companies competing in Texas have begun to offer several different electric rate products that are a mix match of both fixed terms and variable rates. What first looks to be like a great offer can come back to sting you later. The latest issue I have seen is with Texas Retail Electric Providers requesting that you sign a 12 month contract to be on their variable rate. The issue we have with this is that these energy companies are working with a base energy rate that they do little in the form of hedging.

This means if the rate skyrockets they pass that issue on to you and you end up paying a really high bill one month when the variable market goes through the roof. To request that the customer sign a contract to a rate they have no guarantee on is a bit insulting to me. Most electric companies out there however will have you sign a 6, 12 month or longer contract for a fixed electric rate.

There is absolutely nothing wrong with this as they have bought and hedged this energy at this term in order for you to buy it and insure that you pay that same rate the rest of the year. There is an actual service being performed here and a reason you need to sign a contract. If you were to break the contract early if perhaps energy rates went down and then signed up with a different electric company your previous electric company would be out of pocket for the difference in the rate they sold you and where the market is at now. Since they bought this electricity back when the market was higher they now have to sell it back at a lower price then they paid for it.

They end up losing money on you leaving and going somewhere else. The variable market rate however is not hedged and is basically just an index price. The retail electric provider adds their adder onto the index price and that is their margin. They don’t hedge the energy but allow it to go up and down and sell it as a market rate with you carrying the risk. There is no reason to sign a contract on this type of rate as the risk is past on to the customer.

Learn more about Texas Electricity

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