Weird Electric Rate Comparison Sites To Stay Away From

As most of us, when we go into business we do it to make money. This site makes money by offering a great tool for verifying and comparing electric rates from multiple providers.

We always try and put companies to compare on our chart that are strong viable companies for the long term. We have likely met their CEO and have researched their history.

Our chart is made so that you can quickly compare no-nonsense rate plans like most all “fixed rate” plans.

What I have seen lately are some comparison sites that are owned by one electric supplier with ownership in multiple brand names.

These comparison sites are tricky because it looks like you are comparing prices from multiple providers but in reality the ownership is all by one company.

I am not saying that it is evil to make money in business by selling an online electric rate but it is important to be transparent to your customers and not present yourself as an unbiased comparison site when in reality all the providers on the comparison are actually one company.

I am shocked that there are sites out there like this as it seems like an extreme form of deceptive trade practices for an electric company to be involved in but I can only assume they know the risk and are willing to do it anyway.

Here at Electricitybid.com we are here to make money but we do business with the ultimate goal of living a life of integrity, treating our customers like we want to be treated, and simply doing a great job at what we know how to do.

We want to thank our customers for coming back and using us again and again, and please let us know if you have anything you would like to see on the comparison chart that is not there already or other suggestions.

In case you don’t know, you can use our chart by typing in your zipcode in the green box at the top right.

Nations Power Prepaid Texas Electric Company Review

I discovered a new prepaid electric company opened up in Texas today called Nations Power. This company offers a fixed kilowatt hour rate as well as a variable pay what you can plan.

Regardless if you go with a traditional electric company that gives you 30 – 45 days to pay your bill or you go with a prepaid provider where you pay in advance I would choose the fixed rate every time.

Many electric companies will not hesitate to raise your variable rate on you beyond what you were expecting.

It is true not all variable rate plans are bad but to be on the safe side a fixed electric rate with Nations Power is probably the way to go.

The reason you would want to order electric service through a prepaid electric company like Nations Power is if you know you will not be able to afford deposits by other providers.

The Texas government does offer assistance to low-income families for deposits and rate subsidies but for most of us the hassle in qualifying for these assistance programs is simply not worth it.

If your credit is okay or bad you will likely have to pay a deposit with most all the Texas electric companies.

For instance, if you call TXU and Reliant they will likely both ask for a deposit ranging from $200 – $500 depending on how bad your credit is.

Of course if you have good credit no deposit is needed. Now lets say you have called these two large electric companies, TXU and Reliant, if you go on to call Bounce, Green Mountain, and Texas Power they will likely ask for a deposit as well.

Why would all these providers ask for a deposit? They all work from a credit checking service to manage their risk. There is about a 50% customer default rate below a certain credit score number and what score this is remains a tightly held secret.

There is simply no way of working with a provider that bills you 30 days out for service in negotiating a deposit and that is why a company like Nations Power can come in handy.

By going with a prepaid electric company you avoid the deposit but will sacrifice on price. Most prepaid electric companies have higher prices than traditional electric companies that check your credit.

Nations Power is based out of Allen Texas and has recently launched their company as a Texas prepaid electric provider. You may reach them at (866) 356-6850.

If you have used this prepay electric company please give our community feedback in a review format in the comment section below.

Interesting to note, the company with the same PUCT license number is Catalyst Energy Inc. which is a PA oil and gas exploration company. The activities of Catalyst encompass the exploration, development, production, transmission and processing of oil, natural gas and liquid hydrocarbons. Since Texas relies on natural gas for the production of much of the electricity it is worth noting that Catalyst now has a stake in both the production and retail aspect of natural gas. There is often an inverse relation to the cost of producing electricity using natural gas and the actual cost of natural gas. If these two factors of natural gas price and “heat rate” are managed well there can be a big payoff in being in the production and retail side of natural gas. Most important is to not gamble to much in the process of doing both.

How Natural Gas Affects Fort Worth, Texas Electric Rates

fort worth texas electricity comparisonYour Fort Worth, Texas electricity comes at a price, but thanks to the shale production of natural gas in Louisiana, Arkansas and other states, your rates are dropping. By providing Fort Worth, Texas electric providers with more natural gas because the shale production is increasing, the electric price decreases. Think of it in terms of supply overcoming the demand. The demand for natural gas by power plants in Texas is large. Since shale production is increasing the volume of natural gas produced, it is easier for the power plants to receive the needed gas. This results in overall savings that are passed down to you, the consumer.

The production of natural gas in other states is vital to the success and, ultimately, the cost of electricity production in Texas. If power plants have to pay exorbitant fees for natural gas because the demand is greater than the supply, the consumer ends up covering some of that cost. Since the shale production of natural gas makes it faster and easier to produce the gas, the power plants save money and you get your electricity at a lower rate.

While you may be completely satisfied with your Fort Worth, Texas electric provider, you always have the option of change. Using our convenient comparison chart, you can quickly see how other providers “measure up” to your current provider. Other providers may be more expensive or they might be cheaper. It only takes a few seconds to view a complete list of your area electric providers. You are not obligated to switch providers so you risk nothing by trying our comparison chart.

You may call us at 1-800-971-4020 regarding our commercial energy reverse auction process or our residential electric rates for Fort Worth in the rate chart above.

Saving Money on Electricity Can Be an Easy Task in Killeen TX

Killeen TX is one of the areas in Texas that benefits from the deregulation of the electricity providers in the state. That means each customer has the right and ability to choose the company they want to have provide them service. There is a website we want you to know about that has all of the recommended Killeen TX electricity companies listed. Here is where you can find the services they provide, billing options, customer service hours, the available rate plans, and other important information. You will be able to easily find the plan that is best for your family or business by using the comparison tool.

Click here to compare electric rates in Texas from multiple electricity companies

One of the things you need to know are the requirements each company has for setting the amount of a deposit that may be required. The stronger your credit rating, the less you will have to come up with, if anything at all. You will find some companies that will have less stringent credit requirements, especially helpful in these trying economic times.  Some offer pre-paid service plans which will have higher rates, but eliminate having to come up with several hundred dollars to initiate service.

Another decision to be made is the length of your contract with any company. If rates are low, and you have been established in a residence to know your monthly usage, you may find it in your best interests to sign a long-term contract to lock-in your Killeen TX electricity rates. Of course, you can always try a service for a shorter period of time and remove the risk of having to pay any early termination fees.

Click here to compare electric rates in Texas from multiple electricity companies

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

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