August 2009 Dallas Electricity Rate Comparison

Today is August 14 2009 and we have gone out to the power to choose website to check on electricity rates from companies like Champion, Startex, Green Mountain Energy, Spark Energy, TXU, Ambit, Stream, Bounce, Texas Power and Reliant Energy.  We checked on some other Texas electricity providers but these energy companies provide a good overall comparison of rates. We have sorted the electricity rates  in order from cheapest to most expensive using the pricing available on the Power to Choose website.

Startex Power, Champion, and Green Mountain Energy, are some of the more popular electricity companies we recommend and Startex and Champion are currently offering some of the cheapest available electricity plans in the Dallas Texas area. There are no hidden fees or charges with Startex or Champion. If you use below 500 kWh per month than a $4.95 monthly service fee will kick in with Startex Power but other than that you are going to be good with the top two cheapest Dallas electricity plans in the chart.

This chart above is a historical snapshot of what Dallas residential electricity rates looked like for the month and day of August 14 2009. These charts sometimes help in determining the track record of a Texas electricity companies overall consistent performance in delivering a low cost electricity price to Texas energy consumers. To see a current comparison of our recommended electricity companies in Dallas Texas please click on our Dallas electricity comparison link by clicking here.

Texas Residential Electricity Market Report 2009

What’s happening With Residential Electricity Service This Spring 2009

The summer time is a peak time period where electricity consumers start moving into new homes and apartments as well as begin shopping for a competitive Texas electric company. There are several electric companies to choose from. Many energy consumers have heard of energy providers like TXU Energy, Reliant Energy, and Direct Energy. There are still a lot of people in Texas that do not realize that they could save several hundred dollars a year by shopping for an electric rate with some of the smaller but reputable electric companies in Texas. Loyal followers of Reliant Energy and TXU Energy may be surprised to know that both of these companies sold out to companies based out of the state of Texas. TXU Energy sold their business in the largest leveraged buyout in US corporate history. The company was sold to two private equity companies with about 80% in leveraged capital. This leveraged buyout simply means that it will be a long time before these private equity companies will actually own TXU Energy without the help of the banks financing them.

Loyal Customers with Reliant and TXU Energy

Reliant Energy was also bought in 2009 by a company called NRG Energy which is based in New Jersey. Loyal followers of TXU Energy and Reliant Energy have been switched to a different electric company whether they are aware of it or not. Many times after a buyout there are billing issues and other concerns due to migrating billing systems into one core system. TXU Energy will unlikely be changing their billing system since they are not merging with another electric company. NRG Energy however could potentially be tweaking their billing system in some way to accommodate Reliant Energy or vice versa. When shopping with a smaller but more competitive Texas electric company you can stand to save as much as $600 a year or more than just going with a name brand like Reliant or TXU Energy. TXU Energy rates right now as of May 22 2009 are quite a bit higher than several other energy providers that have accurate billing, cheap rates, and good customer service. Reliant Energy rates are being advertised as being “up to” 10% lower. Why does Reliant Energy just go all the way and say “our electric rates are now 10% lower?” Even if Reliant Energy discounts their electricity rate by 10% you will still find that their energy rates are quite a bit higher than several more competitive electric companies like Champion Energy or Startex Power.

TXU and Reliant are Not The Enemy But Why are Their Rates so High?

We are not saying that TXU Energy rates or Reliant Energy rates are the worst thing you could possibly get on but we are encouraging loyal customers of theirs to shop around. Reliant isn’t the only electric service company on the block in Houston anymore. There are great tools to compare Reliant Energy rates and TXU energy rates in detailed apples to apples electric rate comparisons. By looking through the rates next to other providers you can see all fees and charges and know exactly what the difference in price will be if you go with a more competitive electric provider. Many of these electricity comparison tools even have a number to call to speak with an energy consultant who can help in making sense of exactly how much money a residential electric service customer could save. Most Texas electric providers can sign you up completely online with just a few bits of information and a few clicks. The residential electric service customer has a 3 days right of rescission of they decide that the electric rate that switched to is not what they really wanted to do. Once you have switched to a Texas electric company it is encourage to go ahead and stay with that company until the contract has ended because canceling early could put you in a bad light with that provider. If you ever wanted to go back to the electric company you cancelled early on they may want an unreasonable deposit amount.

Energy Price Manipulation Conspiracies Abound

Houston Texas is now the energy hub and retail electric provider hub of Texas. We have Enron to blame for lobbying the Texas government to deregulate the Texas electricity market in 2002. Enron created a nightmare when deregulation first began as consumers immediately assumed back in 2002 that deregulation was not working because of the natural gas fuel price spike. The fuel price increase happened at the same time deregulation began which made people in the know suspicious of large electric providers and distribution companies who potentially had subsidiary companies assisting in this fuel price increase. The added notion that made people even more angry was that since Enron was the main company lobbying to make deregulation go through in Texas that they must have manipulated prices. That Enron or some subsidiary or loosely tied connections was additionally some how to blame for price manipulation has even made those initially in favor of the success of deregulation to back track. The mayor of Houston in the beginning was very upbeat and touting the success of electricity deregulation on his site and in 2007 he kind of changed his tune and conceded that Texas electricity deregulation was in fact a failure.

The idea was that maybe their was a little price manipulation going on to help in the confusion that deregulation was the reason for the upswing in electricity prices. The real cause of electricity price increases could have been a little nudging by certain subsidiary companies to assist in pushing up the price of natural gas futures which is the controlling fuel price tied to electricity prices in Texas. The ability to track who exactly may have manipulated the prices up is still in debate but there are 60 minute specials and evidence available for those willing to search the internet. There is also the very high likely hood that due to fuel supply issues because of a high demand for electricity that prices increased to unreasonably high levels. Typically prices will go up if their is a shortage in the supply of natural gas. There was a historical low supply of natural gas in 2002 during high peak demand in the summer which is a common sense explanation for why Texas electricity rates went up in 2002. In the summer of 2008 however we saw electricity prices and natural gas prices go up to historically high prices with no correlation to a lack of supply. The year of 2008 confirmed in many expert minds that price manipulators may indeed still be at work in the market but because of the hidden nature of commodity trading it is very hard to verify these conspiracy theories.

Significant Decrease in Electricity Rates Since Last Year (2008)

This May 2009 we are looking at electric rates that are 6 – 10 cents per kWh lower than what residential electric rates looked like at this same time last year. Companies like Dynowatt, National Power, Amigo Energy, Riverway Power, and a few other electricity companies were hit very heavily with a large amount of customer complaints due to electricity rate increases. Many of these electric service customers were on a variable market rate that by nature was subject to go up and down with the natural gas commodities market and the MCPE index. Some of these energy providers like National Power and Riverway Power attempted to raise what was initially advertised as a “fixed electric rate” to be more inline with the market. Because National Power Company and Riverway Power had signed people up on a fixed energy price the PUCT of Texas did not allow them to not honor the rates they signed their customers at. These two companies are no longer operating in Texas. Amigo Energy had to pay some fines and is currently being sued by their previous CEO of the company in a related issue around the time Amigo had these high price fluctuations on their variable Texas electric rate. Dynowatt is under no litigation in relation to the variable electric rate price swing in the summer of 2008 because their product was a variable rate the customers had agreed to. Since the price swing Dynowatt electric rates have come back down and look attractive again.

For a detailed comparison of electric rates we recommend looking at a price comparison of several reputable Texas electric companies and picking the price and term that suits your situation best. Not all electric providers advertise their electricity prices in an ethical manner. Because not all energy companies play fair we only select electric companies that have clearly stated charges and fees and a total bundled electric rate. You will find that our price comparison displays all fees and charges in a very clear apples to apples comparison that leaves nothing to guessing. Spark Energy rates used to be listed on our energy comparison site although Spark is currently not pursuing expansion in the Texas market at this time as they are focusing their strategy on natural gas sales in the North East. Right now Champion Energy rates and Startex Power rates remain the cheapest available offers in our comparison chart. You can find our comparison in the middle of this electricity market report. If you have more questions that were not answered here please feel free to give us a call at 1-800-971-4020

Spark Electric

Check rates with multiple Texas electricity companies in the zip code electricity comparison box to the left. You can compare what Spark Energy is offering you with several other electric providers.

You may call with questions to: 1-800-971-4020

Jan 22 2008

Spark Energy is currently advertising several different electric rates at a mid price range in comparison to some of the other competitive Texas electric providers. They currently have a 12 month rate at 11.9 cents kWh with no monthly service charge. This is an ok electric rate although Startex Power has lowered their 12 month term rates below Spark Energy’s prices. Startex Power has a slightly better 12 month rate for 11.7 cents kWh with no monthly service charge. To compare current updated rates from providers in your area please use the chart at the top right.

 

Champion Energy In Comparison To Startex

Startex has the best overall electric rate at 11.3 cents kWh in the Dallas area with no monthly service fee. As of Feb 23 2009 Startex Power offers the cheapest available electric rate in Dallas and Houston. Champion Energy used to be the best electric rate among the low cost electric providers offering promotional discount offers but as of February 2009 Startex Power is offering the best rate. Champion’s promotional electric rate offer has expired although you can sign up with competing suppliers with Startex Power by comparing rates using our tool on the top right of this page. The promo code with Startex is no longer available and since then other providers have come in to compete with this company. We no longer offer Startex on our website to compare with other providers.

Be sure to write down on your calendar 12 months from now to come back to this site to renew with the next lowest cost provider in Texas. We update the site frequently and try and always have the best electric rate going so you don’t miss out on an opportunity to stay with a low cost electric rate.

Those With No Credit History Or Bad Credit

If you are worried the electric company may try and ask for a deposit we have some suggestions on getting by with the cheapest deposit requirement. We have seen that Bounce Energy generally has the cheapest deposit requirement if you have been hit with this request before. We have a compare tool that shows you multiple prepaid companies to compare rates from and sign up with out the worry of a deposit or credit check. The tool is at the top right of this page. As an example of a provider that usually needs a deposit based on credit score, most traditional electric companies that check credit usually ask for $200 – $400 deposit if they don’t like your credit. Other electric providers want even more if you do not meet their credit standards. You may see this as a lot but TXU and Reliant mant times ask for a lot more than what Champion requires. Spark Energy used to waive the deposit amount if you sign up for auto bill pay by credit card or bank account but they have ended this practice. If Spark needs a deposit it may be for around $400 – $500 depending on what they think of your credit history. Startex Power is somewhere in the middle as far as what they come back asking for in regards to a deposit. The best thing you could do is try one of the many prepaid providers we show in our compare tool and sign up and keep that deposit money for groceries. At one time you had to try several providers and pick the lowest deposit you could handle and build up that year of utility bills paid in full before you could get away with not needing to pay an electric company a deposit. Bounce allows you a second chance if you have little or no credit.

Spark Energy Rates Rise Higher

Spark Energy Changes Focus to Selling Natural Gas in the North East

Spark has changed their focus from Retail Texas Electricity sales  to Natural Gas sales in the North East United States. They have been a great company to work with, and have shown high ethical standards, low rates, and fair business practices but do not seem to be actively seeking customers in the Texas Electric market. Although we are unsure as to how long it will be before they realign their efforts and aggressively pursue gaining market share in Texas, We look forward to working with them in the future. Until they do, we recommend Champion Energy as a great company to work with and great rates for Commercial and Residential Customers.  Champion currently has the best 1 year fixed electric rate offer in Dallas, Houston, and most other areas in the state of Texas. You can learn more about Champion Energy’s residential electric rates by visiting this article: Click here to check Champion  information

Spark Energy has raised their electric rate quite a bit higher then several other electric providers in Texas and no longer offers the most competitive electric rates they once did. Because of this we would like to suggest for those looking at potentially signing up on a Spark residential electric rate to go with a more competitive provider. As of January 2008 Champion Energy has a much more competitive energy price in both the Houston and Dallas Texas area. These electric companies serve other cities in Texas but for the sake of comparison we will use these two cities.

Who Do You Recommend Instead of Spark Energy?

Because Spark Energy has raised their rates recently due to the market going up we have a provider that has been able to stay below their rates on the 12 month term. Champion Energy has a very good 12 month rate despite the energy market’s prices rising. I am not sure how long this rate will last but I would sign up while it is still in the 9 – 10 cents per kwh range. Champion and Spark compete with several other terms which are listed in the chart below if you need something other then the standard 12 month fixed rate monthly term.

Speak to an Energy Consultant

Champion Energy Dallas

– $4.95 monthly service charge

9.2 cents per kWh – locked in for 12 months

No 6 month offer available

Spark Dallas (not available, Try Champion at a cheaper price)

– no monthly service charge

12.4 cents per kWh – 12 months

12.4 cents per kWh – 6 months

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Spark Energy Houston (not available, try Champion at a cheaper rate

– no monthly service charge

12.8 – 12 months

12.8 – 6 months

Champion Energy Houston

- $4.95 monthly service charge

9.8 cents per kWh – locked in for 12 months

Not available – 6 months

Not available – 24 months

Not available – 36 months

Click here to learn more about Texas Electric Companies

If you live in Wichita Falls Texas, Dallas, Houston or surrounding areas and need Texas electric service feel free to give us a call. An energy consultant can provide updated rate information for commercial and residential customers. You can click on the button above to make a free call to Electricity Bid or call us at 1-800-971-4020

Trying To Find The Coupon Code For Spark Energy

Spark Energy offers several different electric rate terms for those who wish to sign up anywhere from 1 month up to 36 months for their residential electricity. Right now Spark has decent electric rates in Houston Texas while Startex Power still beats them in the Dallas area and Houston. If you would like to see a cheaper electricity rate then what Spark Energy has to offer even after entering the coupon code in their code field then there is a page where we have listed this information. You can find the discount rate with Startex Power below:

Click here to continue with Startex Power

Spark Energy promotion code

If you would like to compare Spark Energy with another electric provider in Texas you could go to Startex Power‘s website and see if they have better electric rates in your area. As of Feb 2009 Startex beats Spark Energy on their residential electric rates. The good thing about both of these Retail Electric Provider’s is that they do not charge a monthly customer service charge which could otherwise offset the low cost electric rate. Keep that in mind when shopping around as some of the other electric companies in Texas will have anywhere from a $4.95 – $15.00 monthly customer service charge. If you use a lot of electricity this may not be a problem but for small users it can make a cheap rate not so cheap anymore. So again compare Spark with Startex in your area and see which one is better. Sometimes one will out do the other depending on your homes location.

Startex Power promotion code

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