Even though customers in deregulated Texas markets routinely pay more for electricity, there is a bright spot. The gap between the average price paid for electricity between deregulated and regulated market has shrunk to 8.8 percent. In 2006, customers in deregulated cities were paying nearly 47 percent more for electricity than their counterparts in regulated cities.
To try to prevent these customers from being further ripped off, the government is planning to implement an energy price cap, which will require Ofgem to set a maximum amount that suppliers can charge on their standard tariffs until 2020. This should be in place by the end of 2018. This is in addition to the current price cap for vulnerable and prepayment customers.
Like we said, fees don’t necessarily make for a bad plan — although it’s worth it to do the math to see if you can save with another provider. For example, compare TXU Energy’s Simple Rate 12 plan with its $9.95 base charge, alongside Direct Energy’s Live Brighter 12 plan with a smaller base charge, and Reliant’s Digital Discount plan with no base charge. We’ll use a Corpus Christi ZIP code and assume 1,000 kWh/month of energy use.
Your most effective weapon, however, is a site like ComparePower (Power to Choose) to locate and compare details from various Houston electricity resellers. In one fell swoop, you will efficiently and quickly locate and classify cheap electricity resellers all on one page, instead of wasting your valuable time searching out available companies and visiting their websites one by one (who even does that any more?).
Among their other predictions for the year ahead, they suggest that investment in clean energy will again struggle to grow. In part, this is because there is a surplus of solar equipment thanks to a slowdown in the Chinese, Japanese and Brazilian markets and a continuing fall in the price of wind power. Offshore wind in Europe, which had a stellar 2016, will struggle to match last year’s figures as developers concentrate on building the projects they financed last year. Finally, a strong dollar and the end of the low-interest rate era are likely to depress investment, too.
Oasis Energy is one of the most recognized energy marketers in New York, New Jersey, Pennsylvania, Massachusetts, Illinois and Maryland. They supply electricity and natural gas to residential and business customers. They aim to excel at providing the best quality customer support in the industry. They try to achieve this goal by focusing on operational efficiency within the organization and making business decisions that benefit their customers.
Twenty-nine states have deregulated electricity, natural gas or both. That allows you to shop for the supply portion of your bill from alternative providers who may offer rates lower than the default supplier – usually a utility. Delivery services and billing will remain the responsibility of the local utility as they own the power lines and wires that keep the lights on.