Friday, February 06, 2009

Texas Electricity


I was talking to my wife's friend the other day, and she was finally ready to take my advice and switch to new electric company to lower her energy bill. She realized that electricity is a comodity - the lower the price the better, but more importantly - she needed to lower the family's monthly budget. Everyone has been hurt by these stressful economic times and everyone is trying t find ways to cut that monthly budget.

Well, if you haven't been watching the Texas Electricity market recently you've been missing some big savings. Every single one of our provider partners have lower their electric rates. If you signed up for a month to month service in the past 6 months - now is the time to lock in your rate for 12 months. These low Texas electricity rates probably won't last long. You see, electricity price rise and fall in respect to natural gas prices. For the past few months - natural gas prices have gone down due to a warmer winter, lower demand and higher supply. Well, once people begin to turning on their air conditioning in their homes - the demand will increase because many electric plants in Texas are run off of natural gas. This will increase the cost of natural gas thus increasing the cost of Texas electrity rates.

In the past six months alone, we've seen a 27% decrease in prices in the Houston market and 23% decrease in price in the Dallas/ Ft. Worth market. That's some big savings. If your electric bill last month was $200 and you haven't sign up for a lower rate in the past few months - that would be over $600 a year in savings. If your electricity bills are higher than that - just think about how much you could save.

Anyway, pull out your Texas electricity bill and if you are paying over 13 cents per kWh - it's time to lock in to a lower rate today.

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