See below for the latest roundup of offers available in the competitive electric market as shown on Power to Choose.
Proposition 1 is the constitutional amendment providing for the use and dedication of certain money transferred to the state highway fund to assist in the completion of transportation construction, maintenance and rehabilitation projects, not to include toll roads.
AECT strongly supports passage of Proposition 1 to keep our state’s infrastructure strong.
Early voting runs from October 20 through October 31. Last day to apply for ballot by mail (received, not postmarked) is October 24. If you’re not early voting, get out to the polls on November 4 to support Prop 1!
The Power To Save Texas website was created by the Public Utility Commission of Texas as part of an educational campaign promoting energy conservation. The site features energy savings tips for both homes and businesses, information on the state’s electric grid conditions and how to reduce energy use during energy conservation alerts.
You can even estimate the amount of money you could save by taking on some of these energy conservation measures with the site’s interactive savings calculator.
If you would like to find more ways to conserve energy and decrease your electricity bill, the Power To Save Texas site can connect you to sites on an energy saver contest, how to track your energy use and how to choose your electricity rate.
According to the data from the Bureau of Labor and Statistics, the average residential retail price of electricity in the cities BLS surveys topped 14¢/kWh for the first time. As reported by CNS News, the average June price was 14.3¢/kWh.
Meanwhile, the competitive retail electric market in ERCOT offers prices well below that average, with consumers able to find 12-month fixed-price offers as low as 9-to-10¢/kWh, as shown below.
Customers interested in shopping around can visit www.powertochoose.org.
Temperatures have officially hit the 100 degrees Fahrenheit mark across the state, and Texans are responding by cranking up their air conditioning and thus, increasing the demand for electricity. To combat higher electric bills, check out this round up of conservation and energy efficiency resources from several members of the Association of Electric Companies of Texas:
- AEP SWEPCO’s Cooling Tips
- CenterPoint Energy’s Energy-Saving Tour
- Constellation Energy’s Home Energy Saving Tips
- El Paso Electric’s Summer Energy Efficiency
- Entergy Texas’ Save Money Resources
- Green Mountain Energy’s Energy Saver Center
- Oncor’s 10 Energy Saving Tips for the Summer
- Reliant Energy’s Energy-Saving Tips
- TXU Energy’s Brighten® Energy Savings Tips
- Xcel Energy’s Energy Saving Tips Directory
Want more? Visit the Department of Energy’s Energy Saver site.
Consumer Warning: Scammers Seeking Your Personal Information Mimic Electric Companies, Threaten to Cut Electricity During Summer Heat
Consumers in doubt should call electric companies directly to verify account status; avoid giving financial or personal information to unsolicited callers or emailers
AUSTIN — In response to a scam affecting consumers cross Texas, members of the Association of Electric Companies of Texas (AECT) are warning consumers of unsolicited calls and emails that threaten to cut off electricity to consumers who don’t share personal information like bank accounts or Social Security numbers.
The scammers do not have the ability to cut electric service, but consumers may be more vulnerable to the possibility of service interruptions during the summer, when the prospect of losing electric service becomes more serious due to the heat.
“Service reliability is vital in the electric industry, and electric companies take their obligations to their customers seriously,” said John Fainter, president and CEO of the Association of Electric Companies of Texas. “We regard any efforts to undermine our reputations as significant threats. Law enforcement officials, electric companies and consumer organizations are diligently investigating these scams, and want to alert customers to stay vigilant this summer and beyond.”
Reminders for consumers:
- Electricity customers should never provide Social Security numbers, credit card numbers or bank account information to anyone who requests them during unsolicited phone calls, from emails, etc.
- If you are ever in doubt about a call concerning your electricity account status, especially if the caller threatens to disconnect your service, hang up and call the number on your electric bill to check your account status yourself.
- Other red flags include a threat that your service may be suddenly terminated when you haven’t previously received any other warnings, or being contacted by a company that doesn’t normally send you electric bills.
“We are asking people to please help spread the word about these scams among their neighbors, friends and families — particularly seniors and those whose English skills may not be strong, since they may be more vulnerable to this illegal activity,” Fainter said. “Small businesses have been frequently targeted as well. Electric companies have been warning their customers about this problem for some time now, but in response to a recent increase in scam activity, we want to remind people to check their account status themselves by calling electric companies directly.”
The Association and its members are working with a number of other consumer and community organizations to alert consumers to the problem, supporting the ongoing efforts of local, state and federal law enforcement officials — such as the Texas Attorney General and the Federal Bureau of Investigation — to end the scam operation.
Since 2002, the majority of Texans are able to choose the company they purchase their electricity from. This has created competition as dozens of companies, known as retail electric providers (REPs), have formed in order to attract customers. Electricity customers in competitive areas of ERCOT have benefited with the freedom to choose the price and service that best suits their needs.
As temperatures rise during the summer, electric bills tend to do the same. This is due to the large amount of electricity used for air conditioning. The ability to shop around for electricity and secure a fixed electricity price for the duration of the summer provides protection against any price spikes associated with the Texas heat. Although the summer is just a few months a year, the length of an electricity contract can vary between one month and 36 months.
Consumers should visit Power to Choose, the site operated by the Public Utility Commission of Texas (PUC) to help you sort through the options available in your area. The time is now – lock in your electricity rate!