Residential Electric Plans - Page 8

mm98

Joined: Oct 16, 2002

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In reply to SnowboardAg • 10:06p, 1/30/25

AG

You don't want something that ends in peak summer. I try to renew Nov or March

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topher06

Joined: Nov 22, 2013

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In reply to ToddyHill • 2:29p, 1/31/25

ToddyHill said:
Quote:
Well it's almost that time of year again. Convince me why I shouldn't just play the short game and sign up every 3 months. Other than the hassle, seems like the most cost advantageous approach.
For what it's worth, we live outside of Knoxville, and we don't have the 'luxury' of picking our electricity provider. Presently, the cost per kilowatt hour (thru TVA) is 11.4 cents. That's about a penny higher from a few months ago...and I think the increase is due to natural gas prices. My point is to keep an eye on natural gas...as I am of the opinion there is a direct correlation.

For you guys I thought most power came from nuclear and hydro. But natural gas does play a big role in Texas. Not as much as the gouging asked for every couple of months by Centerpoint, but natural gas price is probably the second biggest factor (unless it is $20/mmbtu or something).

FTAco07

Joined: Dec 21, 2004

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4:18p, 1/31/25

AG

I just saw an article in the WSJ about CA electricity prices that should help with our perspective comparing rate plans over a few cents per kwh. An excerpt below on how screwed CA is:

For nearly 20 years California's investor-owned utilities have been installing "smart meters" that measure electricity use in real time. The utilities have instituted time-of-use pricing, which charges higher rates when electricity demand peaks. The goal is to encourage consumers to reduce electricity usage.

Southern California Edison charges residential customers 73 cents per kilowatt-hour between 5 and 8 p.m. during the summer. That's significantly higher than the average annual residential rate in California, which was more than 32 cents through November 2024. San Diego Gas & Electric charges some residential customers $1.16 per kilowatt-hour on "Reduce Your Use Event" days, which the California Public Utilities Commission allows the company to declare up to 18 times a year. Further north, Pacific Gas & Electric charges residential customers 56 cents per kilowatt-hour during the summer between 4 and 8 p.m.

Full article here

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Fightin_Aggie

Joined: Oct 9, 2011

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In reply to mm98 • 7:46p, 1/31/25

AG

mm98 said:
You don't want something that ends in peak summer. I try to renew Nov or March

This is very true even for an annual plan. If you renew your annual plan in summer your rate is higher

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