Power to Choose Electric Price | AEP North Texas April 2021

April 2021: What is the electricity market trend for the AEP North delivery area? 

Our team at EnergySavings.com is capturing daily snapshots of electricity plans from the Power to Choose website. Data collected* is analyzed monthly to give you an understanding of the offers available and the market trends. Grouping the most common plans by category, we analyze the same plan categories every month to give you an apples-to-apples comparison.

This article is for the AEP North delivery area only. You can read the posts for the other Transmission & Delivery Utility (TDU) areas in Texas here:

Oncor
AEP Central
CenterPoint
TNMP

Our analysis is based on information captured once daily from the Power to Choose website, and rates may vary at any time. We have excluded from our analysis plans that are marked as “Minimum usage fees/credits,” “Time of Use,” and “Prepaid” according to the data captured from Power to Choose.

For more information about delivery areas in Texas, click here.

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As in the other Delivery Areas we noticed in AEP North a more stable market as opposed to the previous period. The number of REPs is not decreasing dramatically anymore. Let’s have a closer look at the variation between March and April:

AEP North Delivery Area– April 2021: Rates and Trends for Most Common Plans1

Fixed Rate (cents/kWh)
12mo Plans
Fixed Rate (cents/kWh)
24mo Plans
Variable Rate (cents/kWh)
AprMar%AprMar%AprMar%
Lowest 7.4 7.8-5% 7.0 7.00% 7.4 10.5-30%
Highest 11.1 11.10% 10.7 10.70% 16.5 16.50%
Average 8.9 9.1-2% 8.6 8.70% 9.7 11.5-15%
Number of REPs282512%222010%12933%

1Trends compare in percentage the rate of the previous month for the same category of products. This table compares the lowest price offered by each REP that offered the respective type of plan in each month. The “Highest” row above compares the highest of the lowest price offered by a REP.

Concerning the lowest rate, the 12mo fixed rate and the variable rate product types showed the common trend is a decrease. It was a significant one for the latter as the price is lowered by 30%. The 24mo fixed rate product is stable.

The highest rate for those plan types is stable.

The average rate decreased slightly for the 12mo fixed rate and was stable for the 24mo. A higher decrease in average rate was observed for the variable rate plans.

 The number of REPs in those 3 categories is globally increasing. Let’s have a look at the new players in this TDU:

  • 12mo, Fixed rate plans: DIRECT ENERGY, FIRST CHOICE POWER and WTU RETAIL ENERGY are now offering plans in this category. Those 3 REPs were already offering fixed rate products before but with a different contract length.
  • 24mo, Fixed rate plans: DIRECT ENERGY, WTU RETAIL ENERGY and TRIEAGLE ENERGY LP were already offering fixed rate plans on the Power to Choose website, but their plans had different durations. TEXPO ENERGY stopped offering a 24-mo product in April.
  • Variable rate plans: DIRECT ENERGY, FIRST CHOICE POWER and WTU RETAIL ENERGY were only offering fixed rate plans and started to offer variable rate products in April.

AEP North Delivery Area – April 2021: Rates and Trends for Most Common 100% Green Plans1

100 % Green, Fixed Rate (cents/kWh)
12mo Plans
100 % Green, Fixed Rate (cents/kWh)
24mo Plans
100 % Green, Variable Rate (cents/kWh)
AprMar%AprMar%AprMar%
Lowest 8.1 8.5-5% 7.7 7.70% 8.2 10.6-23%
Highest 13.2 13.20% 10.1 11.1-9% 16.7 16.70%
Average 9.9 10.1-1% 9.0 9.3-3%12.9 13.7-6%
Number of REPs880%660%330%

1Trends compare in percentage the rate of the previous month for the same category of products. This table compares the lowest price offered by each REP that offered the respective type of plan in each month. The “Highest” row above compares the highest of the lowest price offered by an REP.

The number of players in the 100 % Green 12mo-Fixed rate Plans is stable for every category of plans in the table above. The exact same REPs were offering products in the previous month. We can observe a trend to stability here considering that those exact same categories lost between 30 and 46 % of their players between February and March 2021.

Having a look at the rates, the common trend is a decrease or stable price, while our last report showed the opposite for the previous period (access the full report for previous month here).

The 100 % Green 12mo-Fixed rate Plans had their lowest rate decrease by 5 % and average rate decrease by 1%, while the highest rate remained the same. This is explained by GEXA ENERGY and CLEANSKY ENERGY both slightly decreasing their prices between the two months.

The 100 % Green 24mo-Fixed rate Plans had their highest rate decrease by 9 % and average rate decrease by 3%, while the lowest rate remained the same. This is explained by CLEANSKY ENERGY and GREEN MOUNTAIN ENERGY COMPANY decreasing its prices between the two periods.

Concerning the 100% green variable rate category, INFUSE ENERGY LLC decreased its rate significantly between March and April while all the other REPs kept their price stable. This explains a decrease of 23% in the lowest rate in the table above.

AEP North Delivery Area – April 2021: List of Lowest Reported EFL Price for an estimated 2000 kWh’s *

Lowest Electricity Prices in Abilene, Texas (or AEP North TDU area): 12mo- Fixed Rate Plans
(lowest to highest rate)

Energy ProvidersRate for 2000 kWh (¢/kWh)
FIRST CHOICE POWER7.4
DIRECT ENERGY7.5
WTU RETAIL ENERGY7.5
FRONTIER UTILITIES8.1
SPARK ENERGY LLC8.2
POWERNEXT8.4
WINDROSE ENERGY8.4
AMIGO ENERGY8.5
INFUSE ENERGY LLC8.5
JUST ENERGY8.5
TARA ENERGY8.5
SOUTHWEST POWER & LIGHT8.6
YEP8.6
SUMMER ENERGY LLC8.9
4CHANGE ENERGY9.0
THINK ENERGY9.0
AP GAS & ELECTRIC (TX) LLC9.1
DISCOUNT POWER9.1
VETERAN ENERGY9.1
CIRRO ENERGY9.2
V247 POWER CORPORATION9.3
RELIANT9.4
SOUTHERN FEDERAL POWER LLC9.8
CHAMPION ENERGY SERVICES LLC9.9
TRIEAGLE ENERGY LP9.9
TXU ENERGY9.9
CONSTELLATION NEWENERGY INC10.7
AMBIT ENERGY11.1

 

FIRST CHOICE POWER offered the lowest price and was also offering fixed rate plans from 12 to 36-month contract lengths as well as a new variable rate plan.
The highest rate was offered by AMBIT ENERGY.
Trend: 21% of those REPs changes their prices. We can’t underline a general trend here as among those REPs, half of them increased it while the other half decreased it.

Lowest Electricity Prices in Abilene, Texas (or AEP North TDU area): 24mo- Fixed Rate Plans
(lowest to highest rate)

Energy ProvidersRate for 2000 kWh (¢/kWh)
FIRST CHOICE POWER7.0
DIRECT ENERGY7.1
WTU RETAIL ENERGY7.1
FRONTIER UTILITIES7.7
INFUSE ENERGY LLC8.1
AMIGO ENERGY8.4
JUST ENERGY8.4
TARA ENERGY8.4
WINDROSE ENERGY8.4
SOUTHWEST POWER & LIGHT8.6
YEP8.6
SOUTHERN FEDERAL POWER LLC8.7
SUMMER ENERGY LLC8.8
AP GAS & ELECTRIC (TX) LLC8.9
CHAMPION ENERGY SERVICES LLC9.0
THINK ENERGY9.0
RELIANT9.2
V247 POWER CORPORATION9.2
DISCOUNT POWER9.3
TXU ENERGY9.4
TRIEAGLE ENERGY LP9.9
CIRRO ENERGY10.7

 

This table shows that FIRST CHOICE POWER had the lowest price while CIRRO ENERGY had the highest price spot. This latest REP is offering other fixed rate plans on the Power to Choose website.
Trend: Only 14% of those REPs changed their prices: SUMMER ENERGY LLC and INFUSE ENERGY LLC increased it and RELIANT did the opposite.

Lowest Electricity Prices in Abilene, Texas (or AEP North TDU area): Variable Rate Plans
(lowest to highest rate)

Energy ProvidersRate for 2000 kWh (¢/kWh)
SOUTHERN FEDERAL POWER LLC7.4
DIRECT ENERGY7.5
FIRST CHOICE POWER7.5
WTU RETAIL ENERGY7.5
INFUSE ENERGY LLC8.1
RELIANT9.4
SOUTHWEST POWER & LIGHT10.0
YEP10.0
TEXPO ENERGY10.2
NEC CO-OP ENERGY11.2
TXU ENERGY11.5
AMBIT ENERGY16.5

 

SOUTHERN FEDERAL POWER LLC had the lowest price on the Power to Choose website for this category while AMIBIT ENERGY has the highest price.
Trend: 58% of those REPs changed their prices and the common trend is a decrease of rates.

Lowest Electricity Prices in Abilene, Texas (or AEP North TDU area): 100% Green 12mo-Fixed Rate Plans
(lowest to highest rate)

Energy ProvidersRate for 2000 kWh (¢/kWh)
GEXA ENERGY8.1
CLEANSKY ENERGY8.8
AP GAS & ELECTRIC (TX) LLC9.3
IBERDROLA TEXAS9.6
RHYTHM9.7
GREEN MOUNTAIN ENERGY COMPANY10.3
TRIEAGLE ENERGY LP10.4
TXU ENERGY13.2

GEXA ENERGY and TXU ENERGY took the lowest and highest price spots in this category, respectively.
Trend: Only 25% of those REPs changed their prices: RHYTHM increased it and CLEANSKY ENERGY decreased it.

Lowest Electricity Prices in Abilene, Texas (or AEP North TDU area): 100% Green 24mo-Fixed Rate Plan
(lowest to highest rate)

Energy ProvidersRate for 2000 kWh (¢/kWh)
GEXA ENERGY7.7
CLEANSKY ENERGY8.5
IBERDROLA TEXAS9.0
AP GAS & ELECTRIC (TX) LLC9.1
RHYTHM9.5
GREEN MOUNTAIN ENERGY COMPANY10.1

In this category of products, GEXA ENERGY is again offering the lowest rate. This REP also offered other fixed rate plans on power to choose website, from 12 to 24 contracts length.
GREEN MOUNTAIN ENERGY COMPANY is offering the highest rate. This player offers multiple product types on the Power to Choose website (Fixed or variable rate, different durations)
Trend: Only 2 REPs changed their prices during the month: CLEANSKY ENERGY (decreased) and RHYTHM (increased).

Lowest Electricity Prices in Abilene, Texas (or AEP North TDU area): 100% Green Variable Rate Plan
(lowest to highest rate)

Energy ProvidersRate for 2000 kWh (¢/kWh)
INFUSE ENERGY LLC8.2
GREEN MOUNTAIN ENERGY COMPANY13.9
AMBIT ENERGY16.7

INFUSE ENERGY is the REP offering the lowest electricity rate here and was the only REP of this category who changed its price by decreasing it.
AMBIT ENERGY offered the highest rate and was also offering other non 100% Green plans on Power to Choose website.

* Data obtained from powertochoose.org (Power to Choose) for the days from 4/1/2021 to 4/31/2021. The tables above list the lowest price in cents/kWh offered by each retail electricity provider (REP) for a given type of plan for a monthly usage of 2000 kWh. If more than one product was available from the same REP for a given type of plan, EnergySavings.com only included the one with the lowest rate in its analysis. Please note that as products and rates may change at any time in the day on Power to Choose, EnergySavings.com’s analysis is based on information captured in its single daily snapshot, and therefore cannot guarantee that every product and rate made available in the month has been captured. Please reach out to [email protected] if you feel that any meaningful data has not been captured and EnergySavings.com may, at its sole discretion, issue a correction to the report. The analysis is performed by excluding plans that are marked as “Minimum usage fees/credits”, “Time of Use”, and “Prepaid” according to the data captured from Power to Choose. For more information about the electricity plans mentioned in this report, please consult both the Electricity Fact Label (EFL) and Terms of Service (TOS) for those plans. Those documents are available on the Power to Choose site if the plan is still currently offered. The rates listed may differ if the REP has changed its pricing.