Constellation Energy buys Startex Power in Texas

Constellation buys Startex Power 142 million

Startex Power has been one of those success stories in Texas because of their fast growth as a privately held retail electric company competing against giants like TXU Energy and Reliant Energy.

Now Startex Power is one of these giants as they were bought for 142.5 million in cash and will now be a very big strong brand for Constellation in the state of Texas.

Startex started out from an executive that came over from Gexa Energy by the name of Marcy Zlotnik to start her own retail electric provider.

She did very well as CEO and eventually reinquished her position to her husband Robert Zlotnik. These two were finalist for the Ernst & Young Entrepreneur Of The Year award for 2008 in the Houston and Gulf Coast area.

The buyout amount will let Constellation continue where Startex left off and continue to build a very well respected brand in the state of Texas.

No information was given as to whether Startex Power was experiencing any negative things that were hurting their overall business to require a larger company to buy them out as was the case with Amigo Energy and Starlight Power.

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.

August 2009 Houston Electricity Rates and Plans – Compared

Picking The Right Houston Electricity Company, Rate and Plan

What to Know Before Signing up With Just Anyone

We have compiled a list of some of the more popular residential Texas electricity companies and rate plans. If there is a known issue with one of the residential electricity companies we list that concern next to the provider. There are some providers that have blatantly obvious tricks we know of that shows one rate on their website but when receiving your first electricity bill the rate is much higher due to the TDSP charges not being clearly apparent. A note should be made that these Texas electricity providers are usually involved in leaving off the TDSP charge on their advertised rate. We are not sure exactly how many energy companies participate in this practice as well as they change their practices depending on how much heat they are receiving from PUCT complaints. You can read Consumer Energy complaints from some of these providers customers who can explain what exactly can occur when switching to a gimmicky energy company better than we can.

August 7 2009 Residential Houston Electricity Company Comparison, Cheapest to Most Expensive

Understanding Your Houston Residential Electricity Rate

Most electric providers in Texas will bundle the TDSP charges into the energy only rate giving you an all-in rate that can be compared against other Texas electricity companies like TXU Energy and Reliant Energy. We have listed both TXU and Reliant in our comparison chart in order to compare their electricity prices with other Texas electric providers. You will notice that the two largest energy providers in Texas have much higher electricity prices than some of the smaller but good electric companies. Right now Champion Energy and Startex Power are two reputable electricity providers in Texas offering very cheap fixed electricity rate offers. All fees and charges are disclosed with these two companies. With Startex if a customer uses less then 500 kWh hours a month there will be a $4.95 monthly service fee although most Texas electricity consumers use more then this so it shouldn’t be an issue for most customers. A monthly service fee is simply an additional charge many electricity providers have in addition to their electricity price. It is important that a provider disclose this fee upfront rather than hide it in the contract details. We have made these fees obvious in our rate chart so you can make a clear apples to apples comparison of electricity prices in Texas.

Historical Houston Electricity Rate Snapshot for August 7 2009

Since this Houston electricity comparison chart is an update for August 7 2009 it only represents a historical snapshot of what Texas electricity providers were charging on this date. An updated and daily refreshed electricity rate chart is also provided below with some of the cheapest Houston electricity companies. We hope this historical list of Houston energy providers in prices above will keep you informed of how prices move over the course of several months. If you have any questions or comments about one of these Houston electricity companies please feel free to leave a comment below. If you are interested in a no deposit Houston electricity choice please visit our no deposit electricity page.

Current Houston Electricity Rates, Companies, and Plans

Startex Electric

Note: We no longer offer Startex Power on our comparison chart. This is an old blog post written back in January of 2008.

You may still compare multiple electricity companies and their rate plans using our zip code tool at the right. If Startex has quoted you a price you may look at what they quoted you side by side with the detailed residential electricity quotes on this site.

Startex Energy offers several electric rate terms such as the 3 month plan, 6 month, 12 month, 24 month and 36 month. The rate goes up as you sign up for a longer monthly term. The reason the electric rate goes up on longer terms is due to the correlation electric rates have with natural gas in Texas. Did you know that most of our electricity in Texas is generated by Natural Gas power generation plants? Because of the reliance upon natural gas most providers buy a portion of the electric rate they sell to you on the natural gas futures market. These futures contracts go up in price as you go out on a longer term. If you have questions about the rate comparisons in the box to the left just give us a call at 1-800-971-4020. We pride ourselves in going above and beyond to make sure all fees and charges are disclosed with every electric provider in our comparison chart. You will know exactly what your rate is after viewing the list of electric rates and energy companies in the zip code tool to the left.

Electric Contracts Nothing Like Cell Phone Contracts

You may have determined by now that electric rate pricing is nothing like how a cell phone company determines to charge you for air time. Rewarding you for signing a longer term contract just isn’t a possibility as the electric company would be losing money to charge you less for a rate on a long term contract. Because of the confusion of monthly term electric contracts many people choose to get on a month to month plan. The problem with the month to month plans is you never have a guarantee for what the electric rate will be the following month. Startex Power is good in that the month to month plan they offer actually shows the last 2 consecutive months of where the variable rate has been at historically. Because Startex does not hide this fact you can feel safe to say that you would be getting on a rate built for the person who just doesn’t want to sign a contract. Some people don’t want to lock in for any length of time and this type of product allows that person to ride the wave of the market. The only issue with the month to month electric rate contracts is the premium you pay. You generally are offered a great 1st month rate and then the rate goes up to a premium that is quite a bit higher then the first month. For instance, Startex may give you a rate the first month for 9.1 cents kWh but then the 2nd and 3rd month rates would be 12.3 and 12.6 cents kWh.

This energy product is good for those only needing electricity for a short time because they will be moving soon or something of that nature. If you were to break a fixed term contract most providers will charge you some type of early termination penalty that is usually somewhere in the ballpark of $100. The month to month contract allows you to escape the contract with no fees. Of course, once your fixed term contract is up you are free to shop elsewhere but don’t cancel earlier or most providers will make you pay their termination fee.

If you would like to sign up with Startex Power’s month to month promotional electric rate or one of their many fixed rate energy products you can sign up via the promotional link below and receive their discounted electric rate.

Startex Power’s Discount Promotional Rate – Sign up here Note: We no longer offer Startex as a provider on our site

If you are just needing the best 12 month term fixed electric rate we recommend you sign up with Champion Energy’s promotional 12 month energy rate here – Sign up now

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

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

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