Over the last six months, the average electricity rate for new customers has risen almost 20% 30%. Electricity rates have risen 10% 20% in the past two weeks alone. This summer is expected to hit record heat, and with that comes extreme load on power generators. When there isn't enough power for everyone to run their A/C, the price electric companies have to pay for your power can increase as high as 4000%. Texas electricity companies are preparing for that scenario, and are raising their rates to try and absorb some of that impact. If you are on a month-to-month plan, new to the area, or your plan is expiring, now is the time to switch to a fixed-rate electricity plan. We don't anticipate rates going down for the next few months, and if this trend continues, we will see record electricity prices. Don't get stuck on a variable rate plan. Your bill could go up hundreds of dollars.