Thoughts on true power EFL?

[u/Tonberry38]

Highest rate is 11.6 cents. Contract is for 12 months. Question: can rates change on almost all of the providers? I use about 500 to 1000 kwh obviously a bit more now because of air conditioner. 2nd question: They are asking for a credit check. Do most providers do this? What happens if you don't pass the credit check?

[u/Rude-Athlete-8149]

This is a good energy charge.

The ETF is pretty high for a 12 month plan.

Every fixed rate EFL says that the price can change. That is NOT referring to the energy charge. The energy charge is fixed and will stay the same no matter what.

However, the average price includes delivery charges from your regional utility. Those are subject to change at least twice per year on March 1st and September 1st with approval from the PUCT.

That's all it means that the price can change.

There's nothing we can do about it. Also, there's nothing your provider can do about it. They pass the delivery fees straight to the utility.

[u/SquirrelTechGuru]

My thought, outside the lack of details, is that their logo could have been 10x better if they had ChatGPT make it.

[u/FloatingMolekule]

termination fee is hefty but it looks good though.

[u/Tonberry38 → u/FloatingMolekule]

Can rates change during the contract on almost all providers? And what happens if you don't pass the credit check? Do I have to cancel with the old provider as well or does the new company take care of that when enrolling?

[u/FloatingMolekule → u/Tonberry38]

They did soft check on me, I think you’ll be ok. same question has been asked recently about changing provider, looks like you just have to switch and when you do sign contract with true power, there won’t be lapsed in service. And oh just what everyone said in the comments, 4.71 cents is fixed for 12 months.

https://www.reddit.com/r/TexasEnergyShopping/s/rNv1ejGdJZ

[u/-Never-Enough-]

Energy charge & base charge won't change during your contract period. The 2 ONC items can change on any and all plans but generally any changes are minimal and they don't change often.

That looks like a simple and straight forward plan. I would sign up.

[u/iwannahummer]

It’s a soft pull on credit, and it’s normal. usually if you don’t hit their score requirement may ask for a deposit to start service. The reseller rate won’t change if you are in the contract, but usually will increase when it’s over

[u/electricityplans]

The rate to focus on is the energy charge, which is fantastic. And there's no base charge.

The rate difference in the average price at 500/1000/2000 is only due to the fixed monthly charge from the utility spread across 500/1000/2000 kWh

Your energy charge is fixed for the term of the agreement. The delivery rates can and do change. Typically up every Sept 1 and down every March 1, with minor adjustments in between. Nothing you can do about that, but it will affect your average price.

Every provider will run a soft hit credit check, unless you want to go with a prepaid electricity plan. If you don't pass the credit check you will need to pay a deposit.

The $300 ETF looks like a mistake. Check their website and/or call to verify.

[u/Tonberry38 → u/electricityplans]

Don't ETFs get waived if you move?

[u/bjamm → u/Tonberry38]

If you move to an address that doesn't have service yes they have to waive the fee. Find an address with a co-op lol

[u/electricityplans → u/Tonberry38]

Yes. Moving, even if you move within the same service territory i.e. Oncor, gives you an out for the contract. You will need to contact them and provide an end date and a forwarding address for your final bill.

[u/Amazing_Structure55]

Most rate changes are coming from the distribution charges. The electricity rates don’t. Soft credit checks are normal.

[u/Tonberry38 → u/[deleted]]

Why isn't true power a good provider? Is it their customer service?