I just went over to PowerToChoose to see how things are looking and prices are close to 2x what my previous rates were with the current plans.

With plants fired by natural gas.... 2x is probably generous at the moment

They suck.

I heard if you get a Tesla, energy costs don't matter anymore…

They are going up like everything else. We are experiencing bidenflation which will replace the term stagflation. If you don't know what bidenflation means it is stagflation with a moron as a leader so it's going to get worse. Bidenflation.

In january or so of last year I locked into 8 cents / kwh for 3 years. Turned out to be a great decision. Looks like now the lowest is 13 cents and they want a 60 month contract.

My Name Is Judge said:

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I heard if you get a Tesla, energy costs don't matter anymore…

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They still matter. If I had to lock in now the $60 a month I'm spending on home charging would likely be doubled. Though it's a lot better than almost $380 in gas.

Been rolling through the last 4 years since moving back to Texas on 1-3 month contracts at about .08-.12 c per kwh. The last one I locked into back in April was .08 c per kwh. The 3 month plans are now .20c plus per kwh. L
FJB

Good work Nina

I took a giant risk and locked in a five year contract at only $0.03 above my current "planned" rate. I put planned in quotations because the billed rate always seems to be about $0.025 lower.

I'm either gonna save big time, or I'm going to lose my ass in a couple of years.

My contract is up at the end of the year. Farkle my balls.

Renewed today at 15c all-in which is double what I was paying. And that's an existing customer renewal rate.

The cheapest plan I found on my own was 20c and EnergyOgre found me an 18c plan.

My summer bills are going to be HIGH.

This is about to be a big issue for alot of people who haven't realized how high energy is yet. You will see heat deaths from it because some will refuse to turn on the air.

I just started using Thigbe and they were able to get me a rate, that all in, is about $0.13kWh for 36 months, which is $0.04 higher than my previous plan that I signed up for in 2020. The biggest thing they were able to do was to get me on a plan that doesn't change if I use less energy as I am above 1,000 kW during the summer when the ACs are running and drop well below that the other 8 months. Everything I was seeing on PTC would shoot my rate up to $0.20kWh or more if I used less than 1,000.

The best thing to do is to check the EFL and do the math (use usage the previous 12 months) to get an idea what you're bill would look like with that plan. Without Thigbe, I did the math and I would literally be doubling my electricity costs, but with them, it was about $500 more per year.

Teslag said:

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My Name Is Judge said:

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I heard if you get a Tesla, energy costs don't matter anymore…

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They still matter. If I had to lock in now the $60 a month I'm spending on home charging would likely be doubled. Though it's a lot better than almost $380 in gas.

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Yep, road taxes are very fair.

My plan is up for renewal in 3 months. Fully prepared to ben dover when I need to renew.

my 3 year is going out in july. 8.6c/kWhr. New renewal rate is 15.6c/kWhr

FJB.

Teslag said:

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My Name Is Judge said:

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I heard if you get a Tesla, energy costs don't matter anymore…

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They still matter. If I had to lock in now the $60 a month I'm spending on home charging would likely be doubled. Though it's a lot better than almost $380 in gas.

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How many miles you get for $60 a month?

How much did the car cost?

How's that compare to a gas car getting 40 mpg?

Teslag said:

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In january or so of last year I locked into 8 cents / kwh for 3 years. Turned out to be a great decision. Looks like now the lowest is 13 cents and they want a 60 month contract.

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I got .125/KwH (up from 7.4/kwH) with Veteran's Energy if I re-upped with them for 36 months. That was the cheapest I could find.

I renewed recently after floating on 3-4 month plans for the last 9 months or so. When shopping around, I noticed a few things:

None of these companies value long-time, loyal customers (although, this has been the case for a while). They lure you in with low rates for new customers and then jack up your rate when it's time to renew.

Many companies have gone back to adding the flat $4.99-$9.99 monthly "minimum use fee" or whatever they call it. This is on top of the transmission fees that are based on usage.

Many companies are penalizing low kwh users. I only use 1000+ kwh maybe 2-3 months out of the year. I had a hard time finding a plan with a flat/fixed rate no matter the use. Many providers are giving incentives (in the form of bill credits) and/or offering lower rates but only if you use 1000-2000 kwh a month. Some are jacking the kwh rate (the base rate without the fees) up a lot for low users. I saw as high as 20 cents per kWh, BEFORE the fees!

I just did my annual anti-corruption training, and I don't see how some of these pricing gimmicks don't violate those laws. Every company obfuscates the true cost of the kwh they are selling, either by factoring in very high use and/or use "credits".

I was able to "lock in" for 12 months at a base rate (not including fees) of just over 12 cents. This time last year I was paying 4 cents per kWh, and my current contract is for just over 6 cents (these are all rates before the fees, which is how I compare).

Many companies aren't even offering 12 or 18 months contracts, either. It's 36, 48, or even 60 month contracts. I can't imagine locking in these prices for 5 years, even if you can get out of the contract pretty easily (or for a fee).

I got TXU for our business today in Odessa, 11.9 for 36 to run concurrent with our lease. The plan says if rates fall below I can contact them to renegotiate the plan at lower rates.

If y'all knew the availability and cost of transformers, wood poles, conductor and hardware to build infrastructure, you'd be surprised.

I'm going to lock-in as soon as I get within 60 days of renewal. I'm still planning on going at least 3 years and perhaps 5. If rates drop such that it makes sense to pay the cancellation fee and change that's cool.

Had a plan indexed to Nat Gas that was $0.03 -$0.08 for the last 14 years. Reliant / TXU had been begging me to get off that plan of course. Got a $0.142 with them now for 36. My choices included a discounted weekend offering that was one whole shiny penny off a $0.146 rate. I figured that was a wash.

Here in Obama's third term, he has finally gotten his wish for "energy prices to necessarily skyrocket". He spent his first two years getting Obamacare through, then lost the House and Senate and his ability to get the Green agenda implemented. Now with the presidency*, House and Senate, here we are. We can only hope (and it's a long shot) that when the R's get the House and Senate, they can at least slow it down and if somehow an R can have an effective presidency in 2024 without too many swampy RINOs blocking it, we can reverse some of the terrible globalist green energy policies that have us in this predicament.

I've been around 7-8 cents for years. Usually always make sure I renew in fall or spring when weathers aren't at either extreme.

I got lazy and waited until early may to renew vs renewing 2 months early in march. Now at to 12.9 for a year. Most rates in my area for 2000+ KWHrs are 16-17…some close to 20

I could expect about three bills per year over $300. Now I'm looking at a average of $300 with peak months around $450.

Was at 8c, renewed early this year to 10c for 24 months and thought I was getting hosed. My gut said it'll probably get more expensive. Happy I listened.

For ****s and giggles I looked back at my prior city.

Reading these posts I'm thinking, "That's a bunch of bull***** Rates all over the map. 90 day contracts. Renewals. Details. Details. Details." Seems like the consumer always is getting hosed.

Doesn't anybody buy the systems outright, and screw all the nonsense contract details?

Doesn't buying outright a system make financial sense (assuming the consumer does their own math)?

Predmid said:

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My plan is up for renewal in 3 months. Fully prepared to ben dover when I need to renew.

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FYI you can lock in a new rate up to 60 days before your current contract ends. With the price of NG today, electricity might stabilize or it'll keep creeping up, but if you go ahead and lock in it certainly won't be going down.

JamesPShelley said:

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Reading these posts I'm thinking, "That's a bunch of bull***** Rates all over the map. 90 day contracts. Renewals. Details. Details. Details." Seems like the consumer always is getting hosed.

Doesn't anybody buy the systems outright, and screw all the nonsense contract details?

Doesn't buying outright a system make financial sense (assuming the consumer does their own math)?

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Your first sentence was exactly the point of my post. Deregulation was supposed to make things better for consumers. Instead, the true cost of electricity is obfuscated, rates are all over the map (often depending on your zip code or how long you've been a customer), and people who live in apartments/small houses and use less electricity are paying more per kwh (sometimes as much as double).

I'm diligent about staying on top of it, but I moved here not understanding how deregulation works, and it took me a while to understand the games the service companies play. I've come to the conclusion that no one should have to spend this much time researching electricity prices. Honestly, in my area, I'd rather just be on Entergy. They seem to be a lot more reliable anyway.

What pisses me off is I got charged more for using less energy. I thought using less energy was good.

It's transitory.

Frok said:

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What pisses me off is I got charged more for using less energy. I thought using less energy was good.

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Because that means your REP isn't meeting the minimum they promised on their PPA. Sucks but it's all in the fine print.

Frok said:

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What pisses me off is I got charged more for using less energy. I thought using less energy was good.

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Pricing 101.

mm98 said:

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Frok said:

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What pisses me off is I got charged more for using less energy. I thought using less energy was good.

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Because that means your REP isn't meeting the minimum they promised on their PPA. Sucks but it's all in the fine print.

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Um no. You are charged more for less energy because not all costs of serving a customer are kwh based. Some TDU charges as well as customer service are not based on usage.

Also power to choose defaults to 1000 kwh lowest price plans so retailers game that system by having higher <500 and >2000 rates.

Consumers should prepare for a "cruel summer," with gas inventories at the lowest seasonal levels since 2019 as the summer driving season heats up, Natasha Kaneva, JPMorgan head of global commodities strategy, said last week.

She predicted the national average for regular unleaded would climb to $6.20 per gallon by Labor Day.

My BIL retired from D Energy in Richmond last year. He's a mathematician by training and the head of the electric power analysis department, he use to do the rate modeling and power analysis for D at the State Corporation Commission in VA, guess he's been doing it for years, had a few underlings under his wing to prepare the department for his transition out to retirement but his proteges got pilfered by other power companies so D offered him a parachute with an ongoing consultantship until who knows when or they find someone to replace him, yea he works a couple days a week for some running around money.

As you can imagine we have some deep discussions regarding the industry and the peripherals such as power storage, harvesting, transmission and of course the emerging transportation needs/supply to satisfy my curiosity.

Short of it...you can expect Obama's prescient statement regarding to cost of electricity to be correct, doesn't have to be, but it will...

According to him the current quest for renewables is going to leave us in dire straights in the not too distant future. Power for vehicles won't be too much trouble for the grid, it's the energy source that is going hurt. Renewables are not capable of sustained power generation necessary for long term needs or the daily power ebb and flow of the system and therefore become inefficient.

I bought some D and UTG at the collapse of the ElecPower sector back when the CA fires were decimating the industry. Low stock price increases yield, yum! Did the same with XOM, and they have never reduced their dividend, can't say the same for D. I hear the RailRoads are good that way too.