Market Prices: Green Energy Plans 5/12

Posted on Posted in Bounce Energy, Champion Energy, Dynowatt, Fixed Rates, Frontier Utilities, Gexa Energy, Indexed Rate, Kinetic Energy, Southwest Power & Light, StarTex Power, Tara Energy, Variable Rates, YEP-Energy

In honor of last night’s episode of LOST (not really, it’s just because it is Wednesday) discussing the corruptibility of man and how he destroys the environment around him, today’s shopping guide is on the electric rates for 100% renewable green electricity. As always, all the plans listed below are 100% renewable energy plans.

Cheapest Month to Month Green Energy plans:

  • Dynowatt – 8.4
  • Southwest Power & Light – 8.6
  • YEP – 8.7
  • Bounce Energy – 8.8
  • Cheapest 3 Month Fixed Green Energy plans:

  • Southwest Power & Light – 9.6
  • YEP – 9.7
  • Cheapest 6 Month Fixed Energy plans:

  • Gexa – 10.0
  • Dynowatt – 10.0
  • Southwest Power & Light – 10.0
  • Champion Energy – 10.0
  • Cheapest 12 Month Fixed Energy Plans:

  • Tara Energy – 9.8
  • Frontier Utilities – 9.9
  • StarTex Power – 9.9
  • Kinetic Energy – 9.9
  • YEP – 9.9
  • 2 thoughts on “Market Prices: Green Energy Plans 5/12

    1. Consumers need to look at the whole picture when considering switching providers to avoid “sticker” shock when receiving their bills. I’d like to see the following topics covered:

      – Compare billing cycles among the providers. For instance there is a highly rated provider listed on this blog that has a 17-day billing cycle. (Perhaps there are others who do similarly.) Thusly, month-to-month promotional rates or any other package for that matter is only good for those 17-day month cycles for the term, then the rate automatically adjusts to the average kwh rate.

      – Compare additional fees. Had a rep from a competitive provider stop by my front door this afternoon. Informed me that we need to look forward to being charged a Hurricane Recovery Charge that can start at .10 kwh.

      — What price do we pay for those incentive plans? Figure out the average bill with the incentives and compare to competitive provider rates.

      — What about monthly fees? AMS TDSP Surcharges? All of these fees can add-up to a pretty hefty bill at higher usage months.

      — The consumer also needs to realize that posted rates are for the *highest* average use. If your usage for the month falls below that average you will pay more.

      That low rate we all gravitate to in hopes of keeping our bills manageable may really not be such a bargain. We all need to ask a lot of questions before committing to a specific term agreement.

      Hopefully this blog site will teach consumers to take a look at more than just the posted “lowest” rates and aid all of us in the task of choosing a provider a little more reassuring!

      1. Lynne,

        Great post, and thanks for reading the blog. Some of your ideas are great, and I can look into posting those for consumers to check out this week, but a couple of items I wanted to take a look at right now.

        -Price for incentive plans: Maybe I’m not understanding what you’re saying, but the prices of incentive plans seems fairly straightforward to me. For companies that simply have the incentives, the costs of their plans are still listed on this website. So if a company several incentive plans, and another has zero, and both of them have the same or similarly priced plans, then obviously the plans don’t cost a customer pretty much anything at all. And for companies with higher prices, I can assure that they’re not from incentive plans. The most expensive companies on the website don’t offer any incentive plans. In pretty much every instance I can think of, the incentives given to customers don’t have anything to do with the cost of the plans. They’re just value adds.

        -In regards to Highest Average Use: This is not true. My comparison website, as well as others, measures and displays prices for the 1,000 kWh per month metric. Apartment dwellers will use somewhere between 500-1k kWh of electricity per month, and most homes are going to use somewhere between 1,500 kWh and 2,000 kWh (I’m guessing most use about 1,400). So the advertised price is actually closer to the lower average use than the price, so the prices listed are right in the middle. For the record, I live in an apartment and use a LOT of electricity and my average usage per month is about 800 kWh. My parents live in a medium sized house (about 1300 square feet) and their monthly usage is typically around 1500 kWh).

        -I couldn’t agree more to you about the low asking questions and reading terms. Every time I post a shopping guide, I try to remind users to be aware of Promotional Rates and to read the terms of their electricity facts label (which will be listed on each company’s site when they order electricity) and understand when the promotional rates expire and what the rates will be after they expire. While I suggest customers go with fixed rate plans to avoid this, getting a 1 or 2 month promotional rate right now can help people get through a couple of the rough Texas summer months at a discount.

        -Your post about fees and charges are a good one. Most of those are tacked on by the PUC and the TDSPs and there’s nothing anyone can do about it, including the REPs. And yes, they do add up and fast. I’ll check around and see which ones are standard right now, and if there’s any that individual REPs are adding. I know some REPs add a montly surcharge for some plans, around $5 a month, depending on the plan. I’ll see what I can find. I will also look into billing cycles.

        Thanks for your great post and reading the blog.

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