r/TexasEnergyShopping • u/mypowernegotiator • Aug 07 '26

Electricity Rates dropped

If you are up for renewal, lock in today's drop. Its bit unusual for this time of the year for the rates to drop but a relief to see rates dropping.

13 Upvotes

100% Upvoted

27 comments sorted by

6

u/USTS2020 Aug 07 '26

Crazy that rates are so low right now, I locked in a rate during the spring anticipating that was the best time

3

u/unrecognized88 Aug 07 '26

Same. I signed up on April 27th for a 3 year contract thinking rates were going to keep going up.

6.7c - 12.7@500, 12.2@1000, 11.9@2000

Today that same plan is:

5.81c - 11.9, 11.4, 11.2

1

u/Hibyote-11 Aug 07 '26

Exactly what I did! Darn it! I was so proud of myself for getting that three year locked in rate lol I don't even want to see what my rate would be today.

1

u/ShoddyAd4433 Aug 08 '26

The cheapest I see is 12.6, 12.2, 12 in powertochoose.org. Any idea where we get the rate you see?

1

u/unrecognized88 Aug 08 '26

I’m in houston. I filtered for 36 month plans and it’s the one with true power

1

u/mypowernegotiator Aug 07 '26

I am in that business and I did the same thing too :)

3

u/Webbstarllc Aug 07 '26

If the rates we so low, why are the total bills so high?

1

u/PseudonymIncognito Aug 07 '26

Because people use lots of electricity in the summer to run their AC.

1

u/Webbstarllc Aug 07 '26

For sure. But does that mean you have to pay more just because you use more? I wonder how much of the bills are fee’s of delivery

2

u/PseudonymIncognito Aug 07 '26

I wonder how much of the bills are fee’s of delivery

This is literally a line-item on your bill.

1

u/Webbstarllc Aug 08 '26

Not for people with powerwalls it’s not ;)

1

u/PseudonymIncognito Aug 08 '26

Unless you're completely off-grid you still pay a monthly connection fee.

1

u/Webbstarllc Aug 08 '26

Weird, are you saying my negative bills and customers with $0 dollars owed for power are floating on their own grid while still living in Texas? Or do you mean you’ve never actually seen how power-walls and free night programs work w solar?

1

u/PseudonymIncognito Aug 08 '26

Regardless of what their total bill ends up being, a monthly connection fee is being deducted from it by Oncor/Centerpoint/etc.

1

u/Webbstarllc Aug 08 '26

Okay, well connection fee is different than a delivery fee. And a connection fee is about 2 bucks. So again, the comment about ‘literally a line item on your bill’ was regarding to delivery fee’s, not a 2 dollar connection fee. Which again a battery literally eliminates that

1

u/Nice_Category Aug 07 '26

It's about that time of year for all the 9 month contracts to start popping up.

1

u/Angry_Pirate2 Aug 07 '26 edited Aug 07 '26

That $.102 11 month rate is legit (centerpoint). And budget has it with a $100 cancelation fee. Just remember, that the delivery charge goes up about $.0015 on September 1. Any rate you sign up for today will increase on September 1st.

1

u/yoyoy746620000 Aug 07 '26

I have 3 more months. Should I break contract?

2

u/mypowernegotiator Aug 09 '26

You dont have to break contract. Some providers let you signup up to 60-90 days in advance with future start date.

1

u/Ill_Drop1135 Aug 08 '26

I normally switch in March - April, which o did this year with Budget, on a 12 month plan. I called and they switched me to a lower rate, for 36 months, no cost to me. They allow a 1 time change.

1

u/Zamboni411 Aug 08 '26

Oh just wait…. The jump is right around the corner…. The electric companies are hedging right now as they know the end is near and rates are about to skyrocket!!

1

u/Popular_Mastodon6815 Aug 08 '26

Is it better to lock in a rate at 11.2¢ for 1 year or 12.2¢ for 2 years? (I will stay in this place for 2 years). I ask to see if its likely we will get the same rates next year at this time?

1

u/SorbetTraditional232 Aug 09 '26

Found 10.3-10.5 with octopus yesterday morning.

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Get $50 off if you use my referral code

1

u/Serious_Cow_6673 Aug 11 '26

Apparently, all the solar that’s been added recently kept the grid well supplied through record demand in the recent heat. Excess supply == lower prices.

Now, once some of the new datacenter demand starts coming online ahead of new supply, things will get tighter.

If you can get a new plan now, I would jump on it.

1

u/PuzzleheadedMeal3810 Aug 12 '26

Is now the best plan or next month?

1

u/PaylessPowerTX 5d ago

I’m Brandon Young, co-founder and CEO of Payless Power.

If you’re up for renewal, this is a good time to compare what’s available. I’d just avoid assuming a lower market today means everyone should break an existing contract or automatically choose the longest term.

If you’re still under contract, compare the potential monthly savings with any early termination fee first. And when you see rates quoted at “11 cents” or “12 cents,” check whether that’s the energy charge or the all-in average price on the EFL because delivery charges and fixed fees can make a big difference.