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Market Prices: Month to Month Plans 6/14

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Welcome back everyone from what was hopefully an enjoyable weekend. There’s no doubt that summer is in full swing in Texas. It felt like it was 95 degrees outside Sunday morning at 8 am. The heat also made it’s presence felt when I was looking for a place to watch Saturday’s World Cup game; patios and porches were not an option. So with the scorching temperatures making their presence felt, lets take a look at the electric rates in the market for the second week of June. Deregulated Texas electricity requires us to be vigilant to the changes in market prices if we want to keep our electric bills low and save money. So here are this weeks best rates on month to month plans, organized by region.

Cheapest Month to Month plans:

Oncor Region:

  • Dynowatt – 8.2
  • Southwest Power & Light – 8.2
  • YEP – 8.3
  • Bounce Energy – 8.3
  • StarTex Power – 8.5

    • Centerpoint Region:

  • APNA – 8.7
  • Dynowatt – 8.7
  • Bounce Energy – 8.7
  • Southwest Power & Light – 9.1
  • YEP – 9.2

    • AEP North Region:

  • Dynowatt – 8.4
  • APNA Energy – 8.4
  • Southwest Power & Light – 9.1
  • Bounce Energy – 9.1

    • AEP Central Region:

  • Bounce Energy – 9.2
  • APNA Energy – 9.2
  • Dynowatt – 9.2
  • Southwest Power & Light – 9.5
  • Amigo Energy – 9.6
  • YEP – 9.6

    • TNMP Region:

  • Dynowatt – 8.0
  • APNA Energy – 8.0
  • Southwest Power & Light – 8.3
  • Bounce Energy – 8.3
  • YEP – 8.4

    • As always, I hope this list helps people who are shopping around for new plans. Remember, month to month plans listed above are most likely promotional rates, so the prices could jump a month or two after you sign up for service. While you can definitely save money by shopping for a low month to month plan during the heat of summer, be sure you read your Electricity Facts label and Terms of Service so you understand what your rates are, and when they might change.

    Oncor and PUC Gouge Customers

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    In a topic we’ve visited a couple times already on the Texas Electricity Ratings blog the subject of Oncor and their Smart Meters is again hitting the news wires this past week. This time, the message is that the PUC has approved Oncor’s right to charge their customers even more money for the first round of Smart Meters that the company has already installed, but which have been deemed to not work effectively enough by the PUC and thus need to be replaced. So basically, Oncor is charging us even more money (they have already been charging us some anyway) to replace these smart meters because they don’t work right. This seems fair, right? And the PUC isn’t without blame either, they pressured Oncor to install these meters quickly, and then after Oncor did so they came up with the requirement rules and determined that the installed meters were inadequate. It’s always fantastic when a company or boss gives you a tight deadline to do something with no instructions and limited directions, and then complains later when the work isn’t up to expectations. All the more reason to stay on top of your electricity rates and make sure you’re getting the best deal possible.

    But we should be thankful that the PUC didn’t meet the entire request that Oncor made. The payout customers will have to front is about 30 million dollars. However, Oncor originally requested the ability to charge consumers 256 million dollars. Wow. Customers payouts will end up being about $5 a month for residential customers, or about $60 a year.

    I’d make a joke about taxpayers/customers/citizens having to pick up the slack for companies that run their businesses poorly, but these days I doubt anyone would be laughing.