ChooseEnergy.com Launches Infographic That Details How 3 Pennies Can Add Up To $3.7 Billion in Savings

ChooseEnergy.com created an infographic that explains the waste in the Texas energy market and how much consumers could save if they shopped for a lower electricity rate.

Carrollton, Texas (June 24, 2011) – ChooseEnergy.com, a leading energy shopping and comparison website, today announced the launch of a new infographic (http://www.chooseenergy.com/texaswaste) that illustrates how three pennies can add up to a very large amount of money for Texas consumers. The new, downloadable report on waste in the Texas energy market outlines results of recent research that consumers are spending too much for residential electricity.

With the rising cost of living and a down economy, people are trying to find ways to cut back and save money. According to the new infographic released by ChooseEnergy.com, there could be relief for consumers in their electric bill. According to the report, consumers in Texas could collectively save about $3.7 billion each year if they would shop around for the best rate for their residential electricity.

A number of statistics are included in the report, including how confusing the Texas energy market can be when shopping for new electricity service. There are so many Texas electricity providers to choose from, in fact, there are over 40 active Texas electricity companies and most offer multiple electricity rates – which is very confusing when trying to choose a plan for your home. That’s where consumers can benefit from a site like ChooseEnergy.com. ChooseEnergy.com can help consumers exercise their power to choose and make an informed decision.

"ChooseEnergy.com excels in taking a difficult and time consuming process and making it easier for people to understand through our comparison chart and customer reviews," said Jerry Dyess, President and CEO of Choose Energy. "We break the information down into categories and set criteria which make the information less intimidating and easier to understand."

While highlighting the fact that the Texas energy market is the 11th largest in the world, the infographic also shows that 48% of the electricity consumed is from residential use. So what’s the big deal? On average Texas residents pay about 11.5 cents per kWh for their home electric use when they could be paying 8.5 cents per kWh. Doesn’t sound like much does it? Well, those 3 pennies can add up fast and they add up to $3.7 billion for the Texas consumer market.

The infographic provides a good illustration in comparison on what you could get for $3.7 billion. Those 3 pennies saved could end up being more than the 2011 budget of the U.S. National Guard or more than enough money to purchase all of the major pro sports teams in the Dallas/ Fort Worth area including the Dallas Cowboys, Dallas Mavericks, Texas Rangers and the Dallas Stars. Doesn’t sound like chump change now does it? What if Texas could hire 88,635 more teachers? Do you think that would improve Texas’ national ranking in education and in turn help attract more businesses to our communities?

With a recently updated website, Choose Energy gives consumers the power to save money on electricity while making educated choices based on accurate, up-to-date, comparable information. Choose Energy continues to innovate and provide outstanding Texas power choices for residential and commercial energy customers. Customers now have a simple way to compare offers made by different Texas electricity companies and utilize this power of choice when it comes to electricity.

Texas Power Costs Have Been Reduced Significantly

Over the last 12 months, Texas power costs have been reduced significantly for different reasons. But, not everyone is taking advantage of these lower Texas electricity costs. The fact is, the Texas energy market has become much more competitive since it has been deregulated.

So, that leaves consumers with the power to choose between electric providers and benefit from the lower costs. There are various offers available with different lengths of contracts to take advantage of. In most cases, there is no charge to switch from one Texas electric company to another. Certainly, there is no need to question whether there will be a loss of power during the switch, as this is not the case whatsoever. In fact, switching is easy and fast. The most simple site out there is www.ChooseEnergy.com.

If you are weary about switching, you really don't have to be. Consider how many offers you have had to switch telephone companies for better long-distance rates, better local rates, and better features.

While the telephone lines remain the same, the only thing that changes is the provider. In most cases, service is just as satisfactory as with the previous provider. You've probably taken advantage of better telephone deals. Well, the same is true for Texas power. The lines or wires remain the same, but the provider will change.

This information should be very useful to you if you haven't taken advantage of the new Retail Electric Provider, or REP. You don't have to necessarily make any phone calls or contact anyone to find out the different rates of the competing corporations. Instead, you can use your online resources (like ChooseEnergy.com) and compare them for yourself to see how much you will benefit from the savings of this deregulation that took place in recent times.

You will find that there are over 10 providers for every deregulated area in the state. So, you have plenty to choose from. Be a smart consumer and shop around in order to obtain the best rates and programs for your residential or business requirements.

Using Wind Energy For Residential Applications

What is wind energy? Wind energy is tapping into the second largest abundant renewable resource on the planet, the wind. It is harnessed by the use of wind generators, either with horizontal axis turbines, or a rather new technology, the vertical axis turbine. When the wind is blowing, the blades on these turbines turn, producing power for homes, farms and businesses.
Here in Texas, we get quite a bit of wind that will produce vast amounts of Texas energy.

The power of the wind is not a new concept. It has been used for generations to pump water, and grind grains. With the energy crisis today, it has been a way to seek alternative sources of power, that doesn't use our non renewable resources. It is becoming more and more popular all over the world, and large amounts of Texas power are now being generated by wind 'farms' can be seen in just about every country around the globe.

Because of the technological advances in this area, wind turbines can now be applied to individual residential homes. No longer are they so large that a whole acre of land has to be wasted in order to put up one turbine. Not only are they becoming smaller, but they are able to capture wind at just ten miles an hour.

So how affordable can these be? Not only has the price of prefabricated turbines come down to less than a thousand dollars, but there are also many DIY project kits available today that you can use to build them yourself. Including the price of these kits, the materials needed, and the time it takes to make them, the cost can be well under $500.

One man in middle America actually spent much less. He purchased three ten foot lengths of 3" PVC pipe, and using an alternator, three bicycle rims, and materials around his house, he made a vertical axis turbine that cost under fifty dollars. This he set on his back porch, and on windy days it produces enough electrical energy to run part of his home.

Vertical axis turbines are becoming increasingly popular, because they can gather minimal amounts of wind, can be made from practically nothing, and don't need long poles to be mounted. They are used by celebrities like Jay Leno, who uses them to power the garage where he stores his collection of vintage vehicles.

While not everyone has wind blowing on a constant basis, used in combination with other renewable resources like solar power, you can run a family home totally from renewable resources. Using batteries to store the electricity when not in use, cutting down on energy consumption, and using high energy efficient appliances, like inline hot water heaters, not only can you save thousands of dollars annually on energy bills, but you are helping Mother Nature in many ways.

For one, you are not drawing upon our quickly depleting resources. Two, because these alternative power sources do not burn fossil fuels, you are not contributing to climate change. Three, in some cases, if you are hooked into the power grid, and produce more electrical energy that you can store and use, this extra energy goes back into the grid, and utility companies by law have to buy it back from you thereby cutting down on their emissions.

Dynowatt - Texas Electric Provider

We continue our series about Texas electric providers this week on Dynowatt.

Dynowatt offers Texans the ability to choose their own energy plan - the one that's going to be best for their individual situation. One size fits all plans almost never work for everyone, after all. This company cares about its customers, and puts a high priority on environmental responsibility, too. Because of this, they're offering the best value for your dollar when it comes to electricity, and a wide range of options.

The flexibility you'll get with Dynowatt allows you to build your own plan. There are many different products available business and residential customers in Texas to pick from, including alternative energy plans. At last, you can choose to have your home serviced by power that comes from entirely green generation sources. You pick the kind of Texas power you need, and you choose the rate plan that's going to work best for your situation.

Everyone has the power to choose their own energy company now. Picking Dynowatt means that you'll get competitive prices without a loss of good quality customer care. Compare their rates to other companies, and see which one offers you the best, but don't forget to factor in the other services. Customer service, the ability to put together the plan that'll work best for your situation, and all those other features make Dynowatt an excellent pick.

Dynowatt's SecureRate plans enable you to pay the same rate every month in six or twelve month intervals. Variable Plan options let you take advantage of price fluctuations as the market changes. Both plans are available offering ordinary or green generated power, and wind power costs only a fraction of a cent more. That makes it worthwhile to check out Dynowatt's environmentally friendly options. Just enter your current zip code into the ChooseEnergy.com website to find out more about what you could be paying.

Customers can pay using an automated telephone service twenty-four hours a day, all week. The service is free, convenient, and easy to use, so making your electricity payment is now easier than ever. Dynowatt also offers information about green energy and its methods of generation. In Texas, that means clean, sustainable wind power. Take the time to learn more about it, and know you're supporting the Texas economy, too.

When you make your choice of power company, you have a lot of options. Dynowatt is only one of the many electricity providers operating in Texas. But don't rule it out. This company is ready to offer all kinds of useful options and features that could make getting your electricity a lot easier, less expensive, and greener. Dynowatt is a great choice for Texas energy.

StarTex Power - Services and Benefits

A partner of Choose Energy, StarTex Power has a mission to deliver competitive pricing for customers. In addition, putting the power of choice in your hands is one way to save on your energy bill. Rather than one company to provide the power you need for your home, now there is a choice. A little healthy competition means more savings in your pocket. This is a Texas-based electricity source that provides both business and retail power customers the service they expect from their power company. The rates are lower, but the reliability is still there. The savings are especially welcome in today's weakened economy. You do not have to worry about being disconnected to switch. Your electricity will be delivered by the same company you now have - CenterPoint or TXUED - depending on where you live. They will also provide maintenance service. The only difference is the one you will see on your bill. There is no enrollment fee and no fee to switch from the provider you have now. Another surprise you will find when calling StarTex Power is in less than two minutes you can actually talk to a real live person. This is particularly beneficial in today's society where everything is automated.

When you make the switch to StarTex Power, you will get a bill that is easy to read and understand, options for payments to accommodate you and no penalties. This is a part of the customer service you will receive that is a building block of this company. Switching is easy. All you have to do is pick up the phone and speak with a representative. With an administrative team that boasts 30 years of experience in Texas energy, you will find they are unlike many large companies where the management is inaccessible to the general public. At StarTex Power often they answer customer service lines themselves.

StarTex Power joined the Texas power niche early in 2005. They may have been a bit later than the other choices for power in the Texas market, but they seem to be doing quite well. By allowing customers to choose the plan they feel is best for them, the consumer is more empowered than ever before. This is the goal StarTex had in mind when becoming a partner of Choose Energy. Many customers are much more comfortable with a plan that allows them to know what their power bill will be each month. This option is available with a secured contract plan. Of course, you may still choose the month-to-month plan and even long term contracts that permit locking in a rate for future electricity payments. The month-to-month plan has an advantage for those who may not be permanently settled yet.

If you have just moved to the area and are renting while looking for a home to buy, the month-to-month is perfect. When you find the home you want to purchase, you will not have any contracts that may have to be broken. Providing you with choices is what StarTex does and with the many that are available you will surely find one that is right for your needs.

New Rules for Texas Electric Deregulation

In August of this year, state regulators have tightened the reigns on guidelines and rules for Texas electric retailers that deeply benefits the consumers and makes retailers face stricter financial standards to remain in operation. From the implementation of these new rules, Texas electric customers will be allowed a 14-day minimum notice before their contracts expire. Additionally, the Texas Public Utility Commission reduced the time it takes to change electric providers from up to 45 days to no more than 7.

Texas regulators decided to make these deregulatory changes in a direct response to problems stemming from last summer's loss of several electric companies after the wholesale power markets spiked. Loss of such companies caused Texas consumers to switch to plans with other electric providers, sometimes at significantly higher rates. It is worth mentioning that this occurred during some of the hottest weeks of 2008.

The New Rules

In order to remain in compliance with the new industry standards, electric retailers will now be required to maintain at least $1 million in equity. Additionally, they will also be required to show proof of investment grade debt ratings or that they hold at least $500,000 letters of credit. (Before, it was just $100,000.)

The changes don't come to just financials, either. The new rules also stem into the management branch of the electric companies. It is now required that company management have a specified amount of experience (in years) in the industry. To tighten the rules even further, regulators have mandated that someone on the Texas electric company staff must also have experience in both risk management and commodity hedging.

These requirements are based on the fact that many of the companies that went out of business in 2008 relied too heavily on a balancing market. The Texas power industry, though relatively small, can be quite volatile with drastic jumps. These businesses lost when they posted collateral based on the market which jumped causing the capital requirement to spike as well. It was a challenge that a handful of electric companies simply were unable to meet.

What Customers Will Note

The new rules for Texas deregulation will not only affect customer rights and companies from being sucked into the virtual black hole of a fluctuating market; it will affect the wording on their contracts and bills as well. Part of the new rules requires that the contract expiration be clearly explained and identified. The rules also require companies to clearly spell out fees, costs, and electric rates right on the monthly bill.

Though some Texas electric companies won't have to do much, as a few have already adopted such tactics before the rules became official, others will have plenty of work before them. The standardized communication will help consumers become better customers and improve their ability to compare one electric company to another.

What the Texas Public Utility Commission Does

The Texas Public Utility Commission (PUC) is responsible for regulating terms and rates for intrastate transmission services and distribution in relation to customer choice. It also monitors and oversees the market, fees, and industry standards. The PUC is also responsible for protecting the consumer through the adoption and enforcement of retail competition and renewable energy rules.

How Texas Electric Deregulation has helped Texas businesses and consumers

Texas Electric deregulation in Texas came into effect as of January 1, 2002. The deregulation itself is going to be phased in over several years, but the result of the deregulation itself is that most Texas power customers can choose where they get their electricity from, from a number of what are called "retail electric providers," or REPs. The so-called "incumbent utility" in an area still maintains and owns the powerlines, and it's the one you call if there is a power outage. That particular company is not subject to deregulation. To date roughly 85% percent of industrial and commercial customers have taken advantage of deregulation by switching providers at least on one occasion. Over 50% residential customers have taken advantage of the deregulation to switch to a competitive REP. What's so special about deregulation? Deregulation ensures that no single buyer or seller is going to have an unfair advantage in the market, basically a sort of "anti-monopolization" movement that helps ensure competitive pricing on Texas electricity.

Within deregulation was a concept known as the "price to beat," or PTB, a regulated rate concept that determined the pricing behavior of ex-utility providers. Typically, prices would have been determined by a transparent market and in fair fashion, not by an academic or political body. However, this wasn't quite going to work in Texas' deregulation, because incumbent electric companies could instantly cut their own prices to beat those of new deregulation entries, therefore in effect preventing competition and continuing in the monopoly. To that end, the deregulation in Texas also had a phase-in period whereby a price floor was established for incumbent electricity companies so that this sort of continued monopolization could not occur and new competitors could become established themselves. This was to last until January 1 of 2007.

Benefits to businesses: No bottlenecking, no loss of profits by being "down"Deregulation helps ensure that "bottlenecking" won't occur such as happened in the 2003 North American blackout and in California's electric crisis. And of course, this benefits businesses because they don't lose profits by going "down," as is inevitable during the times of these types of outages. With the Texas electric market deregulated, new firms have been able to enter into the marketplace, thus helping ensure an end to bottlenecking. Specifically, more than 60 startup firms have been established to date, nearly equally split among firms that are almost entirely focused on commercial usage and those that are focused on residential usage. In addition, deregulation has been of benefit to consumers because aggregators have advocated for consumers to negotiate low rates on the markets; these lower cost than get passed on to consumers with lower pricing.

With last summer price rises, is deregulation still a good deal? Spikes in Texas' electricity prices lst summer caused many to question deregulation's impact in a positive sense. However, even though previous assertions that deregulation would lower prices for businesses and consumers, more competition has probably meant that prices themselves HAVE indeed remained lower than they would had deregulation not been instituted. It should also be noted that wholesale electricity prices actually took a drop between 2005 and 2006, several years after the inception and implementation of the deregulation. In addition, even though some electricity comes from (currently cheaper) coal plants, Texas electric companies have to set their prices at the higher natural gas production level, because natural gas power plants are needed to supply growing demand. And again, as demand grows, natural gas is going to become an increasingly important supplier of electricity.

What cost savings has this had for consumers and businesses? When deregulation was implemented, prices are still somewhat less than they would have been had deregulation not occured. In addition, it should be noted that electric companies are still absorbing some of the price increases, since prices went up for customers an average of 43% between the years of 2002 to 2004, even though input costs, such as those from natural gas, rose by 63%. Therefore, you can see that some of these costs have been borne by the electric companies and not consumers, because of the increased competition. With the Price to Beat Program enforced through January 1, 2007, new competitors could enter the market safely without fear that incumbents would undercut them in price. This has also controlled prices and increased competition. And of course, that benefits both businesses and consumers because with lower Texas electric prices to pay, businesses can keep their own overhead costs low, and pass the savings on to consumers.

Environmental impacts: Deregulation has also allowed businesses and consumers to begin to take advantage of more environmentally friendly electricity suppliers, such as the wind turbine companies that have begun to jump on board. What this means, of course, is that these businesses have impacted the environment favorably -- but have been able to participate entirely because of the deregulation, which they may not have been able to do had it not happened. As of 2006, Texas surpassed California in its use of clean electricity generated from wind turbines. Other alternative energy sources are also in development, including solar and hydropower, biomass, and landfill gas.

Less electric consumption altogether - As electric prices have risen (even though, as stated previously, they would have arguably risen more in a market dominated by incumbents with no competition), consumers and businesses alike have jumped fully into conservation mode. This is something that may not have happened were electric prices not to have risen so substantially. And with businesses modeling this type of good behavior to consumers, this is truly responsible behavior that can only bring about good overall.