Texas Electricity: Market Rates

Posted on Posted in Centerpoint, Fixed Rates, Green/Renewable Energy, ONCOR, Variable Rates

It’s been a long time since I posted a blog update with the list of different electricity rates throughout the 5 different regions of Texas. To be perfectly honest, making that post became too cumbersome, and I was trying to find some easier ways to do that regularly with some technological solutions. Well, that hasn’t happened, although I’m still working on a long term solution. In the meantime, however, I wanted to give everyone an idea of the electric prices in a more general sense around the market this week, now that the summer energy crisis seems to be behind our state. This should give people an idea moving forward about what the fair rates are in the market for their region of deregulated Texas electricity.

Lets start with Oncor. Oncor is the biggest and most populated deregulated region of Texas. Their electric rates are also typically the cheapest. Right now, the cheap variable rates with promotional pricing are listed between 5 and 6 cents per kWh. After the promotional rate expires, it’s impossible what to tell what the rates would be, but I’d expect anything between 9 and 11 cents per kWh. A fair price for any long term fixed rate electricity plan, anywhere from 6 months to a year or two, should be between 8 and 9.5 cents per kWh. For green energy fixed rate plans, expect between 9.5 and 11 cents per kWh.

Next is Centerpoint. Right now, Centerpoint is pretty close to the rates in Oncor. Actually, they’re almost identical in terms of their ranges for what is a competitive market rate. I’d except them to match pretty closely to the rates in Oncor, with maybe just a few tenths of a cent more expensive across the board.

AEP Central’s range of electric rates is pretty much identical to Centerpoint’s. Typically, AEP Central is the most expensive region in Texas. And while they have less options for promotional variable rates, in general a customer can still get a decently priced fixed rate electricity plan in the 8 to 11 cent range, pending on the term of the contract.

AEP North is a bit more pricey, but again, not much. The promotional rates for variable electricity plans start close to the 7 cent per kWh rate. And the fixed rate electricity plans start at about the 9 cent per kWh range and end at about the 11 or 11.5 cent kWh point. Green electricity plans start at about a half cent per kWh higher and range accordingly.

Finally, is TNMP (Texas New Mexico Power). This region is a bit cheaper than both of the AEP regions mentioned above, and settles in right around the same rates as Centerpoint.

Again, this post isn’t as detailed per region with specific electricity plans and electricity providers, like it has in the past, but it should give consumers an idea of the market prices if they’re looking for new plans now that the summer heat seems to be subsiding.

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