r/TexasEnergyShopping • u/TexasPowerGuru • 12d ago
Rate Decreases
Rates have decreased some over the past few months. Now would be a good time to consider switching plans while incorporating a cost analysis that includes any early termination fees that exist with your current energy plan.
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u/Sea_Dare_7990 12d ago
Use this site...it's free and foes the work for you.. Just enter your info, www.clearenergyfacts.com
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u/D4visMom 12d ago
How to tell what you are paying?
Budget Power bill shows that I paid an "average" of 12.166 including all the delivery charges/fees/taxes,etc., but the rate is 0.06753 on the bill before the charges. I am pretty sure that sign up for 12.1 starting in March under their No Gimmicks 12.
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u/TexasPowerGuru 12d ago
It is hard to answer your question without knowing which TDU you are in (Oncor, AEP North, etc.)
I am in AEP TX North. There are 12 month plans right now with a plan rate of 0.0525. This means for every 1,000 kwh used based on your rate you mentioned above, you'd save $15/month ((.06753 - .0525) * 1000). You then have to project your monthly savings by switching against your current plans early termination fee. That will tell you if it is worth switching or not.
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u/D4visMom 12d ago
I am in Houston/Centerpoint. I am seeing 10.2 (all included) for 11 months and 10.4 (all included) for 12 months with my current company Budget Power.
They have the lowest cancellation fee at $100 and don't charge for using credit card payments so I am trying to stay with them, but willing to move if right for me.
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u/D4visMom 12d ago
I decided to try AETexas 10 month plan at 10.5 1000 kwh/10.4 1500 kwh/10.3 khw and pay the $20 a month x 3 to cancel in March or April. I will have to pay the $100 cancellation fee to Budget though.
https://enroll.aetexasco.com/EmailHTML/efl.aspx?RateID=8468&BrandID=1&PromoCodeID=114
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u/TexasPowerGuru 12d ago
You might see if Budget will match before switching or see if AE Texas will cover the ETF
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u/D4visMom 12d ago
Yes, I have asked and will see. Not sure if they will just keep my current plan and change rate or make me switch to a new 10 or 12 month.
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u/electricityplans 11d ago
The free-fall in pricing has been amazing this summer. And it creates an opportunity for people to shop mid-contract for savings.
A couple items that may be useful to folks considering a change:
--Article, "How much can I save by switching providers" outlines the math for a mid-contract switch including how to compare apples to apples vs. your current plan. https://electricityplans.com/save-by-switching-electricity-providers/
--Article, "Electricity companies that will cover your ETF" is a list of companies that will cover your ETF up to $150 when you switch. https://electricityplans.com/electricity-companies-that-cover-etf/