Commercial Texas Electric Prices Down Again Today

When Energy Markets Come Down Near Historical Lows

Today the energy markets came down again following a down day on Thursday and Friday. Commercial Texas electricity prices are at a good price range for those who have been holding out for just the right time to lock in their electric rates. By locking into an electricity price you are doing what many consider to be the safe way to procure energy. Texas electricity companies will buy natural gas futures in order to keep the electricity they sell you locked in at a specified price for 1, 2, or 3 years. So if you signed up at 1 year you will pay the same electricity price for that entire year. The other popular option would be to sign up on a MCPE electricity price. MCPE is a variable price that is managed by the Electric Reliability Council of Texas. The price changes every 15 minutes, 96 intervals a day and is not for the risk averse. For most Texas businesses looking to procure their electricity we recommend locking in on a fixed electricity rate. If electric rates were higher we might recommend doing a 50/50 blend where you have half on a fixed rate and half on MCPE. With some of the cheapest commercial electricity rates we have seen in a long time you might as well lock in rather then get on a variable electricity price.

Our Proposal Gives You a Clear Snapshot of What Electricity Prices and Terms are Available

We have a commercial electric price chart we update every so often that shows a snapshot of what electricity rates have been doing. You can click on the link above to see the chart to give you a ballpark on what you can expect when locking into a fixed Texas electricity rate. You can achieve a much cheaper electric rate than the daily rates seen on our chart. Daily electricity prices are generic prices with a larger retail margin built in because the exact usage and demand is not known for the commercial business. Our company can procure a cheaper electricity price for your Texas business by putting your historical or estimated electricity usage through a reverse auction. By letting the energy consultant have your exact usage and giving them a couple days to make a tailor made electric rate and proposal for your business you can knock off a half a penny to a penny off of your per kWh rate. The usage goes through a reverse auction process where up to 15 different electricity companies bid on your account. Not all providers bid on small usage just as not all providers bid on large electricity usage. Depending on the size and type of your Texas business will determine how many providers choose to bid on your account. We promise that we can achieve a cheaper Texas electricity price for your commercial business by putting your electricity usage through a reverse auction. If you were to go to the same provider to attempt to achieve the price we achieve for you it will not be as cheap of a rate.

Not a Shell Company for a Provider But a Full Service Energy Consulting Company

When using Electricity Bid to procure your electricity price you will be using a company that acts as an energy consultant on your companies behalf. We do not represent a particular electric company and our fee is paid by the provider and is the same regardless of the provider that wins the bid. There are some energy Texas consulting companies/brokers out there that represent one or two companies. These electricity consultants are nothing more than a shell company for a provider. These so called brokers are not representing your companies interest but are trying to make the one brand they sell sound as good as possible even though there may be several other electricity companies out there with cheaper electricity rates.

Bid Down Your Electricity Price and Save on Energy

We have helped hundreds of Texas businesses bid down their electricity price among the Texas energy providers by our reverse auction process. We have helped businesses that use tens of millions of kilowatt hours a year to those only using 30,000 kWh a year. No matter the size of your Texas business we can consult you on your current electricity provider, show you an apples to apples comparison of what you are paying now to what you could be paying and help educate you on the entire reverse auction process. Our strategy is to be as open, transparent, and educational as possible so you know exactly what you are choosing and why. If you were confused about your electricity bill and what sales people at some of the energy companies were telling you before you will have a complete understanding of what to know going forward after speaking to our energy consultant.

Begin Your No Obligation Electricity Bid Reverse Auction

If you would like to begin the no obligation reverse auction process for your Texas commercial energy than please give us a call. We can be reached at 1-800-971-4020

Some of the Texas Cities We Serve

We serve all the deregulated cities of Texas including Houston, Dallas, Fort Worth, Alpine, Laredo, Austin, Round Rock, Killeen, Tyler, Plano, and many others.

Texas Commercial Electricity

Texas Commercial Electricity

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Comparing Electricity Rates among the major providers

What we have seen when comparing electricity rates among some of the major electricity players in Texas is that most electricity companies wish to compete but the conservative energy trading policies in place do not always allow for them to lower or match a competing electric providers prices.

Problems a company may face when shopping for electric rates

Let’s make up a scenario, Let’s say John with ACME inc. decides to shop around for the cheapest electric rate. He goes to TXU and asks them to give him their best rates for 12 months, 24 months and 36 month terms. TXU comes back and quotes him some great rates. TXU even offers to give him the possibility of an even lower rate if they can have the option to extend that rate out an additional year if they so choose. John doesn’t bite as that would mean he gets a good rate but he is in no way protected on the down side. If rates go down further he has to maintain his existing rate and do you really think TXU would excercise that option if the rates were to go up?

So John goes over to Reliant energy to see what they can do. They offer competitive electric rates but not good enough to beat TXU. TXU however is requiring a large deposit and Reliant is not requiring this. This makes John a little more inclined to go with Reliant but not until he checks out a few not so familiar electric companies.

Comparing multiple Electric Providers

John calls up Champion Energy, Spark Energy, and Green Mountain Energy company to see what type of deals they have going. Each company lags far behind TXU and Reliant except for one. It looks like Green Mountain Energy is willing to compete and has the energy trading policy that has them pricing near the bottom of the Retail margin available to make a profit. Green Mountain Energy is willing to make a small profit on the sale because they have been told by the customer what TXU is pricing at.

Going back to the best electric bid

John goes back to TXU and asks for better terms regarding the deposit requirement and a better price. Now TXU realizes this customer is beginning to receive some competitive prices. Because John is a facilities manager for a company that uses 10,000,000 kwh of power TXU decides to price below the Retail Margin that they could have made a profit and collect an additional customer at absolutely no profit. The sales manager explains that these large sales are needed prior to a possible merger with another energy company and will look good on paper. They also assure that we may be able to add profit onto the Electric Rate when their term is up next go around.

Energy Risk Management and the likely outcome to working in this box

This is a typical behind the scenes look at what may go on during the process of obtaining a competitive electricity rate. Many times it doesn’t happen like this and the customer is confused as to why their appears to be no competitive fight from provider to provider. The Electric Suppliers are just not able to match prices as a Retail Product Chain could do because the energy market has a Risk Management side to it similar to someone buying stocks for their retirement portfolio. If they were to break their energy trading policy it would be similar to a typical bad investor who puts his money into random stocks only to see the stocks plummet beyond his means. Eventually, not only does the investor not make a profit he is liable for a margin call or mortgage payment on a house. The energy trader is liable to stock holders, the Board of trustees and management. If they were to break policy they could cause serious consequences to the company.

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

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