October 25, 2007 admin

Lowest Residential Electric Rates in Texas

Recent Changes In Rates Among The Electric Companies

As of January 9 2008 several electric companies have updated their electric rates in an attempt to become the lowest cost Retail Electric Provider in Texas. The prices are lowest in the TXU\Oncor (Dallas\Fort Worth) area and are a little higher in the Centerpoint region (Houston Texas). Startex Power has the best 12 month fixed rate term in the Houston area in the 11 cents kWh range with no monthly service fee. Not to shabby for the Houston area. You can sign up with the Startex Power promotional rate here – Sign up online with Startex. As an example I will use the Dallas Fort Worth area since they have some of the lowest electric rates in Texas. By the way if you wish to go right to the best priced electric provider in Dallas and Houston you can sign up with Startex Power’s promotional electric rate here – Sign up online with Startex Power

Competing Among Providers

Startex Power is now lower then Spark Energy’s 12 month residential electric rate. I compared several factors when deciding that their rate is lower. For instance both companies do not charge a monthly customer service charge. Spark offers a rate at 12.4 cents kwh and Startex Power offers a rate at 11.4 cents. Since neither have a monthly customer service charge you will do better by signing up with Startex Power. As a comparative example, if you were to compare Reliant Energy who offers a 15.5 cent per kWh energy rate you would think they were crazy but they have some strategy we just don’t understand I guess? My father in law switched from them immediately upon being told they would lower his 18 cents rate to 15.5 when rates at historically low price levels. They are still charging summer prices? There is just no provider in Texas right now that can beat Startex on their residential fixed electric rates.

If you average in the monthly customer service charge some providers charge the rate can begin to look much worse. Fortunately Startex does not charge a monthly fee unless you are under 500 kWh but even so it would only be $4.95 extra each month. So the winning provider for October – November 2007 Residential electric rates is Startex Power and of course Reliant is out of the ball park right now. Way to go Startex, I am glad you decided to get with the program and become more competitive with your fixed electric rate!

Startex also happens to have a very good 1 month promo rate if you need something short term. Their month to month rate is really low but on the 2nd month it may go up depending on what the market is up to. The reason for the higher rate is that you are month to month with them when signing on the one month promo. This however is good if you don’t want to sign a contract. This is one of the best deals around for a no contract energy rate.

Happy Customer

Recently The Mansions at The Cascades in Tyler Texas have used these electric rates to provide to their tenants because they have been a useful tool in locating the lowest electric rate in Tyler Texas. After reviewing over 40 different Retail Electric Providers and seeing what they have to offer in terms of price and monthly terms these energy suppliers are recommended to provide prices that are much lower then the other companies advertising in Texas.

Arlington Texas Public Library is also recommending our service in locating the lowest residential electric rate to those who ask. Thank you for the referrals and we will do our best to continue to provide low cost energy options for Texas consumers

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About the Author

admin Donny started ElectricityBid.com back in 2007 from his parents basement and has since married his wife Melody and had three sons, John Adam (7) and Noah (4) and our new 20 month old son. He enjoys tech related things, softball, kickboxing, going to the gym, excursions and activities together with his wife Melody. Our service allows you to shop and compare commercial and residential electric rates and providers. Would you take the time today to try our service and see how you like it. Thank you! and God Bless You!

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