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June 2021: What is the Electricity Market Trend for the AEP Central 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 Central 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 9.5 9.5 0% 8.5 8.6 1%
Highest 12.8 13.8 8% 17.4 17.4 0%
Average 10.4 10.5 1% 11.0 11.6 6%
Number of REPs 31 32 3% 13 13 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.

Like in other delivery areas this month, in the AEP Central Delivery Area, the Fixed rate category has welcomed a new player: RANCHERO POWER. The highest rate increased by 8% and the average rate increased slightly (1%). The variable rate category increased slightly in price (6% for the average rate and 1% for the lowest rate).

AEP Central 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 9.6 9.6 0% 10.0 10.2 2%
Highest 14.9 14.9 0% 17.6 17.6 0%
Average 11.1 11.2 1% 14.1 14.1 0%
Number of REPs 12 11 -8% 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.

The 100% green plans category is globally stable regarding prices. Looking at the fixed rate category, the average rate increased by 1% while the other trends are stable.  Regarding the variable rate category, only the lowest rate category increased by 2%. Also in this delivery area, we captured that IBERDROLA TEXAS has not showed offers at all in this first category for the month of June.

Green or not Green?

AEP Central 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 9.6 9.5 1% 10.2 8.6 19%
Highest 14.9 13.8 8% 17.6 17.4 1%
Average rate 11.2 10.5 7% 14.1 11.6 22%
Number of REPs 11 32 -66% 3 13 -77%

 2This 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.

In this delivery area, the average 100% green plan is 7% more expensive than a regular electricity plan for a 12-month fixed rate product. Financially speaking, it means that you are going to pay only 1$ more per month to go green for your electricity consumption. (For a 1000 kWh usage per month, using the lowest rates from the table above)

If you want to subscribe to a variable rate plan, it is 22% pricier to go 100% green, on average. This represents $16 per month on your bill for a 100% green plan if you picked the lowest rate in the table above. (For a 1000 kWh usage per month.)

Have you ever heard of carbon offsets plans? You may want to consider this also as an option if you want to reduce your footprint not only on your utility bill but for your daily activities. You can find more information on carbon offsets plans here: Terapass website3

3 Terrapass is an affiliate of IEG.

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LIST OF ENERGY PROVIDERS/ PRICES

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

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

Energy Providers Rate for 1000 kWh (¢/kWh)
FRONTIER UTILITIES 9.5
SPARK ENERGY LLC 9.5
FIRST CHOICE POWER 9.6
POWERNEXT 9.6
EXPRESS ENERGY 9.8
4CHANGE ENERGY 9.9
DISCOUNT POWER 9.9
SOUTHWEST POWER & LIGHT 9.9
YEP 9.9
V247 POWER CORPORATION 10.0
VETERAN ENERGY 10.0
CIRRO ENERGY 10.1
INFUSE ENERGY LLC 10.1
TARA ENERGY 10.1
WINDROSE ENERGY 10.1
AMIGO ENERGY 10.2
JUST ENERGY 10.2
THINK ENERGY 10.2
DIRECT ENERGY 10.4
SUMMER ENERGY LLC 10.5
AP GAS & ELECTRIC (TX) LLC 10.7
CPL RETAIL ENERGY 10.7
CHAMPION ENERGY SERVICES LLC 10.8
TRIEAGLE ENERGY LP 10.8
CONSTELLATION NEWENERGY INC 11.0
RELIANT 11.0
PULSE POWER LLC 11.2
RANCHERO POWER 11.2
SOUTHERN FEDERAL POWER LLC 11.2
TXU ENERGY 11.6
ENERGY TO GO 11.8
AMBIT ENERGY 13.8

FRONTIER UTILITIES and SPARK ENERGY LLC are both showing the same lowest price while AMBIT ENERGY offered the highest price in this category. 88% of those providers changed their prices and we can conclude that the general trend was an increase as only 4 did the opposite and decreased their prices.

Lowest Electricity Prices in Corpus Christi, Texas (or AEP Central TDU area): Non-100% green Variable Rate Plans:
(lowest to highest rate)

Energy Providers Rate for 1000 kWh (¢/kWh)
SOUTHERN FEDERAL POWER LLC 8.6
RANCHERO POWER 9.8
INFUSE ENERGY LLC 10.1
RELIANT 10.5
SOUTHWEST POWER & LIGHT 10.6
YEP 10.6
TEXPO ENERGY 10.8
CPL RETAIL ENERGY 12.2
DIRECT ENERGY 12.2
FIRST CHOICE POWER 12.2
NEC CO-OP ENERGY 12.6
TXU ENERGY 13.2
AMBIT ENERGY 17.4

SOUTHERN FEDERAL POWER held the lowest price spot while AMBIT ENERGY held the highest price spot for variable plans in June. Most of those REPs, representing 62% of the total number of REPs, changed their price. Only one provider, RELIANT, decreased its price while all the others increased it.

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

Energy Providers Rate for 1000 kWh (¢/kWh)
GEXA ENERGY 9.6
CLEANSKY ENERGY 9.9
4CHANGE ENERGY 10.3
OCTOPUS ENERGY 10.3
AP GAS & ELECTRIC (TX) LLC 10.9
GREEN MOUNTAIN ENERGY COMPANY 10.9
RHYTHM 11.1
TRIEAGLE ENERGY LP 11.3
PULSE POWER LLC 11.6
ENERGY TO GO 12.2
TXU ENERGY 14.9

GEXA ENERGY showed the lowest price and TXU ENERGY offered the highest price in this category. 64% of those REPs changed their prices during the month of June and they all increased it.

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

Energy Providers Rate for 1000 kWh (¢/kWh)
INFUSE ENERGY LLC 10.2
GREEN MOUNTAIN ENERGY COMPANY 14.6
AMBIT ENERGY 17.6

INFUSE ENERGY LLC offered the lowest price in this category and AMBIT ENERGY offered the highest price. Only the latter kept the same price the whole month while the other two 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.