Texas Electricity Ratings: Rankings Update: 6/17/2013

Posted on Posted in Amigo Energy, Bounce Energy, Champion Energy, Direct Energy, Gexa Energy, Green Mountain Energy, Reliant Energy, TER News, Texas Electricity, Texas Electricity News, TXU Energy

Now that Summer is in full swing, with higher electricity rates hitting the market and several months of new customer reviews in the system, it is once again time to update the Texas Electricity Ratings company rankings and see how providers stack up.

Unsurprisingly many established providers lost points this time around with the higher market electricity rates, although that was somewhat offset by other ranking factors. That being said, there’s no arguing how higher electricity prices are altering the Texas electricity landscape. Without further ado, here are the rankings:

Bounce Energy                 4.01
Champion Energy             3.89
TriEagle Energy                3.75
StarTex Power                  3.71
Gexa Energy                     3.68
Amigo Energy                   3.15
Direct Energy                    2.98
TXU Energy                       2.84
Green Mountain Energy     2.75
Reliant Energy                   2.47

Congratulations to Bounce Energy, who once again held onto the top spot. Bounce is followed up by Champion Energy, another mainstay at the top of the ratings. Newcomers TriEagle Energy, StarTex Power, and Gexa Energy round out the top five.

When comparing these latest ratings to the ones from last summer, it is really apparent when just how much the market cap has really altered the way electricity companies are assessing risk in their portfolios as well as how the generators are bidding out electricity. In short, it’s really amazing just how much higher rates are across the board for customers, regardless of which provider they choose.

 

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