Texas Commercial Electric Rate Trend Line

Commercial Rate Trend

Commercial electric rates ended lower at year end and then spiked up along with oil when a barrel of oil sold at $100. The rest of the energy sector followed and that bottom in electric rates appears to be over.

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Commercial Electric Rates in Texas have had their ups and downs during the year 2007 and a small window was available a couple weeks (Dec 18 – 28, 2007) to go and lock in near the bottom of where energy rates have been this year. That opportunity is over as the prices have bounced off of the support line back up again. Take notice just how often the bounce has occurred this year off this support line and ask yourself how many more times is it going to bounce before the rate starts heading back up. We may have seen the last of those low electric rates for sometime as you will notice rates can hover at their highs for sometime until they come back down again to their lows.

Waiting To Lock In

If you are waiting to lock in on a commercial electric rate until they come back down you may be spending more money doing this way then just locking in on something short term as you try and make up your mind. Electric companies in Texas generally charge a premium electric rate while you are off contract until you sign back up again. For those holding off it would be better to go ahead and sign up on something even if just for 1, 2 or 3 months. Electric rates on the shorter terms are much better then the longer term energy contracts. As an energy consultant I would however recommend going on a longer term contract for 8, 9 or 12 months as rates are still quite low in comparison to where they have been this year. By locking in while rates are low you will be insuring yourself against a rate spike that might go even higher.

Proposal Of Commercial Electric Rate Choices

If you are interested in receiving a proposal of different fixed rate term prices from multiple energy providers as well as other variable rate products you may be able to combine with fixed to reduce your cost even further then give us a call and we can assist in putting a proposal together. There are several ways to take advantage of where the market is at and one of our energy consultants can assist in directing you to the best possible option.

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Learn more about Texas Electric Companies

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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