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

Champion Energy offers a low 12 month rate as Natural Gas travels down

Champion Energy

Affordable Texas Electricity for residential electric service consumers.
Save 30% off of what most Texas energy companies are charging.

Low Residential rates following Natural Gas movement down

During 2007 we saw electric rates travel down with natural gas prices all the way up to January 1st 2008. Not but a few days after the 1st electric rates spiked up to their mid level historical average from the previous 12 months. Electric rates are still relatively low and a 12 month contract still makes good economical sense.

Champion Energy Residential Electricity

Champion Energy has made quite a swing down with their Texas residential electricity rate. Startex Power has come down even further and does not charge a monthly service fee unless you are using under 500 kWh a month. Most residential energy consumers use over 500 kWh. You can learn more about the cheapest electric provider in Texas by clicking here. Energy has become competitive among the residential electricity providers as many new companies enter the market. On power to choose we see over 40 Retail Electric Providers all offering a different branded product with its own little gimmick to sway you into signing up on their service. There are several hundred different electric rate products but in order to establish some benchmarks when comparing it is best to stick with a fixed rate electric product that doesn’t change during the term of the energy contract.

Residential Electricity Choices

There is the “Market Tracker” with TXU, the “Green Earth” plan with Green Mountain Energy, the Reliant “Power Tracker” and several other branded products to hook you in one way or another. The plans each have their merit but many consumers just want to know, “what is the cheapest plan?” If these Retail Electric companies just sell you the energy while you still receive your power from TXU or Centerpoint Energy as you always have then why not find the cheapest electric company and just go with them?

Going with the cheapest electric provider

I like this kind of logic myself and would start off by recommending you stay away from TXU and Reliant at this time as their products are not very competitive next to the competition. They rely a lot on their big names and it seems to be working. That means they do not have very much incentive to go lower or offer you a lower rate if for instance your contract comes up for renewal.

What is Champion Energy’s Residential Electric Rate?

Champion Energy has a 12 month rate that is 11.6 cents as of August (as of January 27 2008 they are now at 11.1 cents kWh)(Natural gas now trading around $9 – $10 raising Champion’s 12 month fixed electric rate to 12.6 cents kWh as of April 3 2008). The rate came down a lot due to Natural Gas trading around $6 MMBtu. This Natural Gas closing price is not typical and so locking in for atleast 12 months could be a wise choice for a household. They charge a $4.95 monthly service fee which for a house that uses 1500 kwh a month would bring the average electric rate up to around 11.93 cents kwh. This is still very low next to the other competitive providers and you can count on very good customer service, accurate billing and over 100 years of business knowledge in the industry. As of February 2009 electric rates have changed again and Startex Power currently has a better offer on several different fixed rates with no monthly service fee. You can learn more about the cheapest Texas electric rate by clicking here.

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