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June 2021: What is the Electricity Market Trend for the AEP North Delivery Area?

Our team at EnergySavings.com has been capturing daily snapshots of electricity plans from the Power to Choose website. Data collected* are 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.

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TRENDS: JUNE vs MAY

AEP North Delivery Area– June 2021: Rates and Trends for Most Common Plans:1

Fixed Rate (cents/kWh)
12mo Plans
Variable Rate (cents/kWh)
May June Trends May June Trends
Lowest 7.9 7.7 -3% 7.2 7.2 0%
Highest 11.8 12.8 8% 16.9 16.9 0%
Average 9.4 9.5 1% 10.0 10.5 5%
Number of REPs 30 31 3% 12 13 8%

 1Trends show the percentage change in the rate from 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 shows the highest price among all the lowest price plans offered by REPs offering that type of plan in this region for each month.

We also noticed in this delivery area that RANCHERO POWER is now showing offers in these two product categories. We captured slight variations for the fixed rate category: the lowest rate decreased by 3%, the highest one increased by 8% but the average rate only increased slightly (1%). Concerning the variable rate category, even if the highest and lowest rates were stable, the average rate increased by 5%. This is explained by some REPs that applied small changes between May and June.

AEP North Delivery Area – June 2021: Rates and Trends for Most Common 100% Green Plans:1

100 % green, Fixed Rate (cents/kWh)
12mo Plans
100 % green, Variable Rate (cents/kWh)
May June Trends May June Trends
Lowest 8.3 8.5 2% 8.6 8.6 0%
Highest 13.9 13.9 0% 17.1 17.1 0%
Average 10.4 10.5 1% 13.3 13.3 0%
Number of REPs 10 9 -10% 3 3 0%

 1Trends show the percentage change in the rate from 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 shows the highest price among all the lowest price plans offered by REPs offering that type of plan in this region for each month.

Regarding the 100% green category in the AEP North Delivery Area, IBERDROLA TEXAS has also stopped showing offers. That explained the decrease of 10% for the fixed rate plan category showed in the table above. For this same category, the rates didn’t change a lot between May and June as we only captured a 2% increase for the lowest rate and a 1% increase for the average. Regarding the variable rate category, prices didn’t change for this period.

Green or not Green?

AEP North Delivery Area – June 2021: How fixed rates and variable rate plans compare? 2

Fixed Rate Plans, 12-mo        (cents/kWh) Variable Rate Plans           (cents/kWh)
100% green Not green Trend 100% green Not green Trend
Lowest 8.5 7.7 10% 8.6 7.2 19%
Highest 13.9 12.8 9% 17.1 16.9 1%
Average rate 10.5 9.5 10% 13.3 10.5 26%
Number of REPs 9 31 -71% 3 13 -77%

2 This table compares the lowest price offered by each REP that offered the respective type of plan.  The “Highest” row above shows the highest price among all the lowest price plans offered by REPs offering that type of plan in this region for each month.

Are you interested in a 100% green fixed rate plan? For someone using 1000 kWh, the lowest 100% green plan will cost them only about $8 more per month when compared to the non-green plan. It may be a small cost to pay to do something good for the environment.

If you prefer a variable rate plan that is 100% green, if your monthly consumption is 1000 kWh and you choose the lowest rate, the 100% green product will impact your bill by approximately $14 per month.

Another way for you to help the planet is by buying carbon offsets. Companies like Terrapass 3 offer you monthly subscriptions (based on your consumption / lifestyle) or even one-time payment plans to support carbon reduction projects.

3 Terrapass is an affiliate of IEG.

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LIST OF ENERGY PROVIDERS/ PRICES

AEP North Delivery Area – June 2021: List of Lowest Reported EFL Prices for an estimated 1000 kWh.

 

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

Energy Providers Rate for 1000 kWh (¢/kWh)
FIRST CHOICE POWER 7.7
DIRECT ENERGY 8.4
FRONTIER UTILITIES 8.4
SPARK ENERGY LLC 8.6
WTU RETAIL ENERGY 8.7
AMIGO ENERGY 8.8
JUST ENERGY 8.8
POWERNEXT 9.0
4CHANGE ENERGY 9.1
CIRRO ENERGY 9.1
DISCOUNT POWER 9.2
INFUSE ENERGY LLC 9.2
SOUTHERN FEDERAL POWER LLC 9.2
TARA ENERGY 9.2
THINK ENERGY 9.2
VETERAN ENERGY 9.2
AP GAS & ELECTRIC (TX) LLC 9.3
SOUTHWEST POWER & LIGHT 9.3
WINDROSE ENERGY 9.3
YEP 9.3
SUMMER ENERGY LLC 9.6
V247 POWER CORPORATION 9.6
RELIANT 9.9
CHAMPION ENERGY SERVICES LLC 10.1
PULSE POWER LLC 10.2
TRIEAGLE ENERGY LP 10.2
RANCHERO POWER 10.3
TXU ENERGY 10.6
ENERGY TO GO 10.7
CONSTELLATION NEWENERGY INC 10.9
AMBIT ENERGY 12.8

 Within this month, 84% of those REPs changed their price. Most of them increased it; only 3 REPs did the opposite: TARA ENERGY, SOUTHERN FEDERAL POWER LLC and V247 POWER CORPORATION. FIRST CHOICE POWER offered the lowest price while AMBIT ENERGY offered the highest.

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

Energy Providers Rate for 1000 kWh (¢/kWh)
SOUTHERN FEDERAL POWER LLC 7.2
INFUSE ENERGY LLC 8.5
RANCHERO POWER 9.8
SOUTHWEST POWER & LIGHT 9.8
YEP 9.8
RELIANT 9.9
TEXPO ENERGY 10.0
DIRECT ENERGY 10.4
FIRST CHOICE POWER 10.4
WTU RETAIL ENERGY 10.4
NEC CO-OP ENERGY 11.8
TXU ENERGY 12.2
AMBIT ENERGY 16.9

SOUTHERN FEDERAL POWER LLC and AMBIT ENERGY offered the lowest and highest price, respectively. Among these 13 REPs, 62% changed their price during the month. They all increased their prices within the month of June, although RELIANT brought their price back down at the end of the month.

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

Energy Providers Rate for 1000 kWh (¢/kWh)
GEXA ENERGY 8.5
CLEANSKY ENERGY 8.9
AP GAS & ELECTRIC (TX) LLC 9.5
RHYTHM 10.4
GREEN MOUNTAIN ENERGY COMPANY 10.5
PULSE POWER LLC 10.6
TRIEAGLE ENERGY LP 10.7
ENERGY TO GO 11.1
TXU ENERGY 13.9

GEXA ENERGY and TXU ENERGY took the lowest and highest price spots in this category, respectively. All these providers but two increased their prices in the month of June 2021; AP GAS & ELECTRIC (TX) LLC and TXU ENERGY are the two providers that kept their price steady during the month.

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

Energy Providers Rate for 1000 kWh (¢/kWh)
INFUSE ENERGY LLC 8.6
GREEN MOUNTAIN ENERGY COMPANY 14.1
AMBIT ENERGY 17.1

INFUSE ENERGY is the REP offering the lowest electricity rate here and AMBIT ENERGY offered the highest rate. Only AMBIT ENERGY didn’t change its price during the month and the two other providers increased it.

* Data obtained from powertochoose.org (Power to Choose) for the days from 6/1/2021 to 6/30/2021. 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 1000 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.