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Are Electric Rates Going up in Texas? Analysis for November 2021 in the AEP North Delivery Area

Energysavings.com is providing you with the most recent market updates regarding electricity plans in Texas. We are collecting daily snapshots from the Power to Choose website and analyzing them monthly to give you a full tour of the market trends and offers available in the deregulated area. Electricity plan types can be tricky! That is why we are grouping the most common plans and analyzing them every month to give you an apples-to-apples comparison.

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TRENDS: NOVEMBER vs OCTOBER

AEP North Delivery Area– November 2021: Rates and Trends for Most Common Plans (non-green):1

Fixed Rate (cents/kWh)
12mo Plans
Variable Rate (cents/kWh)
October November Trends October November Trends
Lowest 9.2 9.2 0% 11.3 11.2 -1%
Highest 15.8 15.8 0% 18.5 18.5 0%
Average 11.9 12.1 2% 13.0 13.1 1%
Number of REPs 28 25 -11% 10 10 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.

First, in the AEP North delivery area, DIRECT ENERGY, SOUTHERN FEDERAL POWER LLC and RANCHERO POWER are no longer showing plans in the first product category, which explains the -11% change in the number of REPs in the table above. Those electric providers are still on the Power to Choose website but executing a different strategy as they are showing different kinds of plans, including some that vary by contract length and rate type.

Second, looking at the trends, the market was pretty stable in this delivery area as well. We only captured a 2% increase in the average rate in the first category, explained by a few providers slightly increasing their rates in November. In the variable rate category, the lowest rate decreased by 1%, explained by INFUSE ENERGY LLC slightly decreasing their rates (from 12.2 to 11.2 cents/kWh for a 1000kWh monthly usage.) But globally, the average rate increased by 1% in this category as some REPs increased their prices slightly in November.

AEP North Delivery Area – November 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)
October November Trends October November Trends
Lowest 10.9 10.8 -1% 12.3 11.3 -8%
Highest 13.3 13.3 0% 18.7 18.7 0%
Average 11.9 12.0 1% 15.5 15.1 -2%
Number of REPs 7 8 14% 4 3 -25%

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.

First, let’s compare the number of electricity providers showing offers. Similar to our observations in all the other delivery areas this month, BRANCH ENERGY is showing offers for the first time on the Power to Choose website in the 100% green, fixed-rate 12-month category – welcome BRANCH ENERGY! Their plan is a 100% green fixed-rate, 12-month contract requiring e-billing, auto-payment and a $120 early termination fee. Interestingly, ENERGY TEXAS is not showing offers in this delivery area in these two 100 % green categories; nor is it in the AEP Central delivery area. CHARIOT ENERGY also left the game here as they are not showing plans anymore in November in the second category. This explains the +14% and -25% in the number of REPs offering plans in the two categories in the table above.

Then, looking at the trend between October and November, we did not capture big variations in this delivery area. The lowest rates decreased by 1% and by 8%, respectively, for each category. The average rate increased by 1% for the 100% green fixed rate category while it decreased by 2% for the 100% green variable rate one.

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LIST OF ELECTRIC PROVIDERS/ PRICES

AEP North Delivery Area – November 2021: List of Lowest Reported EFL Prices for an estimated 1000 kWh’s*

November 2021: Lowest Electricity Prices in Abilene, Texas (or AEP North TDU area): Non-100% Green 12-month Fixed Rate Plans:
(lowest to highest rate)

Energy Providers Rate for 1000 kWh (¢/kWh)
THINK ENERGY 9.2
4CHANGE ENERGY 10.3
VETERAN ENERGY 10.5
FRONTIER UTILITIES 10.7
TRUE POWER 11.2
WINDROSE ENERGY 11.4
INFUSE ENERGY LLC 11.6
POWERNEXT 11.6
SOUTHWEST POWER & LIGHT 11.8
YEP 11.8
SUMMER ENERGY LLC 12.0
CIRRO ENERGY 12.3
DISCOUNT POWER 12.4
AMIGO ENERGY 12.5
JUST ENERGY 12.5
TARA ENERGY 12.5
CHAMPION ENERGY SERVICES LLC 12.6
PULSE POWER LLC 12.7
SPARK ENERGY LLC 12.7
TRIEAGLE ENERGY LP 12.8
RELIANT 12.9
TXU ENERGY 13.2
CONSTELLATION NEWENERGY INC 13.3
ENERGY TO GO 13.4
AMBIT ENERGY 15.8

In this month, 64% of these REPs changed their price (16 out of 25). Most of them (11) decreased it and 5 increased it. THINK ENERGY offered the lowest price while AMBIT ENERGY offered the highest.

November 2021: 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)
INFUSE ENERGY LLC 11.2
RANCHERO POWER 11.4
SOUTHERN FEDERAL POWER LLC 11.5
SOUTHWEST POWER & LIGHT 12.2
YEP 12.2
TEXPO ENERGY 12.4
RELIANT 12.9
NEC CO-OP ENERGY 13.0
TXU ENERGY 15.2
AMBIT ENERGY 18.5

INFUSE ENERGY LLC and AMBIT ENERGY offered the lowest and highest price, respectively. Among these 10 REPs, 5 changed their price within the month of November and 2 of them increased it while the 3 left did the opposite at the beginning of the month.

November 2021: Lowest Electricity Prices in Abilene, Texas (or AEP North TDU area): 100% Green 12-month Fixed Rate Plans:
(lowest to highest rate)

Energy Providers Rate for 1000 kWh (¢/kWh)
GEXA ENERGY 10.80
BRANCH ENERGY 10.82
MP2 ENERGY TEXAS LLC 11.40
CLEANSKY ENERGY 11.60
RHYTHM 12.20
GREEN MOUNTAIN ENERGY COMPANY 12.90
CHARIOT ENERGY 13.30
TRIEAGLE ENERGY LP 13.30

In November, we noticed that GEXA ENERGY held the lowest price spot and CHARIOT ENERGY and TRIEAGLE ENERGY LP tied for the highest price spot in this category. We can’t draw a common trend as 50% changed their prices during the month, half of them decreasing their rate and the other half increasing it.

November 2021: 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 11.3
GREEN MOUNTAIN ENERGY COMPANY 15.4
AMBIT ENERGY 18.7

Only INFUSE ENERGY LLC decreased their price in November in this category.

* Data obtained from powertochoose.org (Power to Choose) for the days from 11/1/2021 to 11/30/2021. 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.