GoAgs92 said:

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Signed up with True Power with a long term contract. $0.0681 energy charge per KWH.

not great but better than the 15.2 cents with $100 rebate between 1,000-2,000 offered by Frontier as a current customer.

I miss the $0.04 days.

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seems like you're comparing energy charge rates with "all in" rates, which isn't useful

Diggity said:

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GoAgs92 said:

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Signed up with True Power with a long term contract. $0.0681 energy charge per KWH.

not great but better than the 15.2 cents with $100 rebate between 1,000-2,000 offered by Frontier as a current customer.

I miss the $0.04 days.

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seems like you're comparing energy charge rates with "all in" rates, which isn't useful

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It's hard to compare the two offers because the frontier offer has the $100 rebate if you hit 1,000 kWh but the rebate disappears if you hit 2,000, so for about half the year I'd get the discount and the other half I wouldn't….so it was cheaper to go True power. If by some miracle I could hit exactly 1000 each month, the energy charge would be .0527…which would be stellar.

The energy charge was .1527 cents vs the .07 above, the delivery charges are the same.

I am only comparing energy charges.

Gotcha. Hate those kinds of plans.

Diggity said:

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Gotcha. Hate those kinds of plans.

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The gimmicky plans are why I see the deregulation of the retail electric providers as a failure.

- I have to periodically review the fine print of these plans to ensure I'm not getting hoodwinked
- I need to know the usage of my home to pick the most appropriate plan, which I generally don't know until I've lived there for a year
- At best, my savvy will probably earn me the average market price over the long run. At worst, I get stuck with bigger bills for using the exact same quantity of the exact same product as my neighbor.
- And all of this is merely to determine who sends me the bill and collects payment for the electricity generated, distributed, and metered by others.

Sure, it's a minor chore, but it's a pointless minor chore. Introducing competition in the wholesale generation sector makes sense because those power plants then have an incentive to make their operations as efficient as possible. If you don't supply the cheapest electricity, then you don't get dispatched to generate. But I see no efficiencies introduced by deregulating the REPs. In fact, I see inefficiencies, because the firm who actually meters my electricity already bills my natural gas. So my REP is redundant firm adding unnecessary overhead costs.

I just don't see how the REP deregulation has made the supply of electricity more efficient or yielded any productivity benefit to consumers or the Texas economy.

In other words, the average schlub who doesn't know how to shop plans is getting screwed big time.

so for them Energy Ogre or Thigbe is the way to go.

GoAgs92 said:

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In other words, the average schlub who doesn't know how to shop plans is getting screwed big time.

so for them Energy Ogre or Thigbe is the way to go.

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What's your current kwh price? For the month? You know, with any gimmicks figured in.

GoAgs92 said:

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if I am reading all of the posts correctly, Energy Ogre charges $10 per month and Thigbe charges $.004 per KWH?

is that the only difference between the two?

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Thigbe customer service is 1000x better. I switched from EO to Thigbe last summer and have been very happy with the change.

Energy Ogre sucks. Their customer service and responsiveness was awful.

jenn96 said:

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GoAgs92 said:

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if I am reading all of the posts correctly, Energy Ogre charges $10 per month and Thigbe charges $.004 per KWH?

is that the only difference between the two?

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Thigbe customer service is 1000x better. I switched from EO to Thigbe last summer and have been very happy with the change.

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Same. Screw EO.

This is all I've known, but perhaps there is data that shows price differences before and after deregulation? If you're telling me that savvy people can save money in the current environment vs what they can get previously, not sure that's bad. Overall I agree with your premise - we're all plugged into the same grid, why is power sold the way it is? Do middlemen make the power generator's jobs easier by not dealing with end consumers?

94chem said:

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GoAgs92 said:

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In other words, the average schlub who doesn't know how to shop plans is getting screwed big time.

so for them Energy Ogre or Thigbe is the way to go.

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What's your current kwh price? For the month? You know, with any gimmicks figured in.

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No gimmicks on this deal it's 6.81 cents per KWH plus the normal fees that everyone pays. Transmission fees and whatever that other junk is.

Comes out to 10.8 cents all in....the same deal is actually down to 6.71 cents today....oh well.

Not as great if I had done a 3 month term but I'd rather lock in for longer terms since I don't know where the cost is going from here.