January 2, 2008 admin

What Are Electric Rates Doing In The New Year?

Electric Rates Dropped All Year And Now Are Heading Up

Electric Rates were down at their 12 month historical low until today. Commercial electric rates for a 12 month term were sitting at 7.9 cents a kWh and have been bouncing off of this support level the last 3 weeks until today when rates came up to 8.4 cents. There is a pretty good chance that electric rates are going to begin to start heading back up even further. If you are a commercial business or residential customer trying to decide what to do this year regarding your electricity bill I would recommend as an energy consultant to go ahead and lock in for a long term such as for 12 or 24 months. Electric rates have a high likelyhood of coming back up as high as 10 cents a kWh during year 2008. With electric rates in Texas being directly effected by natural gas prices we have an added variable besides just a technical chart. Today we saw a dramatic rise in natural gas futures which caused electric rates to come up significantly higher. February natural gas futures advanced 26.7 cents to $7.75 per 1,000 cubic feet Wednesday Jan 2 2008. The added demand of heating your home with NG in the winter along with power plants using NG to create electricity there will be enough added demand to cause electric rates to start coming up.

Who We recommend For Your Best Priced Electric Rate

Right now if you live in Dallas Texas and need residential electricity service you will find several great fixed rate terms with Startex Power.

If you live in Houston Texas we recommend signing up with Startex Power at their promotional sign up page. Sign Up With Startex Power Residential Electric Service.

If you are a commercial business Eisenbach Consulting can assist in providing energy consultation in order to bid down the electric rate from the top competing retail electric providers as well as offer the best possible electric products, terms and conditions to fit your energy needs.

If you have any questions about commercial or residential electricity rates in Texas please call us at 1-800-971-4020

Tagged: , , , ,

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!

Comment (1)

Leave a Reply

Your email address will not be published. Required fields are marked *

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

Get in touch with us!