Power to Choose | Electric Rate | AEP North Texas Feb 2021

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

Texas was impacted during the month of February by the massive power outages leaving more than 3 million households without electricity. Even as investigations are still happening to determine what caused this crisis, early analysis underlines that the state was not equipped for such a cold weather event. Power generation equipment failed and caused major blackouts in the entire state. Let’s find out the impact of this weather crisis on the data we captured from Power to Choose for the month of February 2021.

Power to Choose is a website created by the Public Utility Commission of Texas (PUCT) that lists electricity plans offered by certified Retail Energy Providers (REPs). For more information about Power to Choose and its role, please consult this page. If you haven’t decided which kind of plan best fits your needs, please consult our FAQ section for things to consider when shopping for your next electricity plan in Texas.

Our team at energysavings.com has been capturing daily snapshots of the energy plans offered on the Power to Choose site and has put together the following information regarding the energy plans offered during the month of February 2021 for the AEP North delivery area. Please click here for a map that shows the location of the transmission and distribution utilities in competitive areas. This post is for the AEP North area, and you can also read up on similar information for Centerpoint, Oncor, AEP Central and TNMP for February 2021. Please note that as rates may change at any time in the day on the Power to Choose site, the following analysis is only based on information captured in our snapshots each month.

1. Fixed Rate Plans

AEP North- Lowest Reported EFL Price for a Fixed Rate 12-month Plan for an estimated 2000 kWh’s during February 2021*
(lowest to highest rate)

Energy ProvidersRate for 2000 kWh (¢/kWh)
ENERGY MONGER LLC8.2
FRONTIER UTILITIES8.2
SOUTHERN FEDERAL POWER LLC8.2
VARSITY ENERGY LLC8.2
WINDROSE ENERGY8.2
INFUSE ENERGY LLC8.3
VOLT ELECTRICITY PROVIDER LP8.3
RELIANT8.4
ENTRUST ENERGY INC8.6
POWER OF TEXAS HOLDINGS INC8.6
POWERNEXT8.6
CIRRO ENERGY8.7
DISCOUNT POWER8.7
SOUTHWEST POWER & LIGHT8.7
VETERAN ENERGY8.7
4CHANGE ENERGY8.8
SPARK ENERGY LLC8.8
V247 POWER CORPORATION9.0
AP GAS & ELECTRIC (TX) LLC9.1
MIDAMERICAN ENERGY SERVICES LLC9.1
SUMMER ENERGY LLC9.2
AMIGO ENERGY9.4
JUST ENERGY9.4
TARA ENERGY9.4
CHAMPION ENERGY SERVICES LLC9.7
PULSE POWER LLC9.7
TRIEAGLE ENERGY LP9.9
TXU ENERGY9.9
ENERGY TO GO10.1
THINK ENERGY10.2
CONSTELLATION NEWENERGY INC10.7
AMBIT ENERGY11.7

 

There are 5 REPs that showed the lowest rate in this category:

Energy MongerFrontier Utilities, Southern Federal Power, Varsity Energy, Windrose Energy. Let’s compare their plans using the following table …

Energy MongerFrontier UtilitiesSouthern Federal PowerVarsity EnergyWindrose Energy
Plan Name12 Month E-Pay / E-Bill The Best Fixed Rate PlanFrontier Easy Saver 12SoFed Better Rate – 12HOMERUN 12Winter Saver 12
Cancellation Fee?$15.00 per month left in term$150$249$150$125
New customer only?All customersYesYesAll customersYes
Special Terms?Yes. AutoPay and Paperless services required. Yes. This offer is for new customers only who enroll through the Power to Choose website.Not capturedYes. This product requires auto-pay and e-bill.Not captured.

 

Ambit Energy showed the highest rate with a plan called “Lone Star Classic 12.” This plan was offered to all customers. The termination fee was $199. This plan’s special terms stated: “A monthly E-Plan credit is available for this product by successfully enrolling in Ambit Energy’s Paperless Billing and Automatic Payment programs when you sign up for new service.”

Market trend: About 59% of the REPs changed their price here during the month of February, and most of them increased their rates. Only Infuse Energy, Champion Energy and Southwest Power & Light kept offering plans all month on the Power to Choose website.

AEP North- Lowest Reported EFL Price for a Fixed Rate 24-month Plan for an estimated 2000 kWh’s during February 2021*
(lowest to highest rate)

Energy ProvidersRate for 2000 kWh (¢/kWh)
WTU RETAIL ENERGY7.7
RELIANT8.0
WINDROSE ENERGY8.2
INFUSE ENERGY LLC8.3
SPARK ENERGY LLC8.6
SOUTHERN FEDERAL POWER LLC8.7
CIRRO ENERGY8.8
SOUTHWEST POWER & LIGHT8.8
AP GAS & ELECTRIC (TX) LLC8.9
V247 POWER CORPORATION8.9
FRONTIER UTILITIES9.0
MIDAMERICAN ENERGY SERVICES LLC9.0
SUMMER ENERGY LLC9.1
CHAMPION ENERGY SERVICES LLC9.3
AMIGO ENERGY9.4
JUST ENERGY9.4
PULSE POWER LLC9.4
TARA ENERGY9.4
THINK ENERGY9.5
ENERGY TO GO9.8
TRIEAGLE ENERGY LP9.9
TXU ENERGY9.9
DISCOUNT POWER10.0

 

WTU Retail Energy was showing the lowest rate with a plan called “Price Protection Plan 24-Fixed.” This plan included a $135 termination fee and was available to new customers only.

The REP that offered the highest rate is Discount Power. Only new customers enrolled through Power to Choose website were eligible for this plan that also had a $200 termination fee. This plan’s name was “Value Plus 24.”

Market trend: About 61% of the REPs changed their price here during the month of February, and most of them increased their rates. Only Infuse Energy, Champion Energy and Southwest Power & Light kept offering plans continuously throughout the month of February on the Power to Choose website.

2. Variable Rate Plans

 

AEP North- Lowest Reported EFL Price for a Variable Rate Plan for an estimated 2000 kWh’s during February 2021*
(lowest to highest rate)

Energy ProvidersRate for 2000 kWh (¢/kWh)
SOUTHERN FEDERAL POWER LLC7.2
INFUSE ENERGY LLC7.3
SOUTHWEST POWER & LIGHT7.8
YEP7.8
DIRECT ENERGY8.1
FIRST CHOICE POWER8.1
WTU RETAIL ENERGY8.1
RELIANT9.5
TEXPO ENERGY9.5
NEC CO-OP ENERGY11.2
TXU ENERGY11.5
AMBIT ENERGY17.2

 

Southern Federal Power showed the lowest price for this category of products. The plan’s name was “Variable Advantage: Month-to-Month.” It was only available to new customers.

Ambit Energy was offering the highest rate. The plan was “Lone Star Flex.” It was eligible to all customers (new and existing).

Market trend: About 69% of the REPs changed their price here during the month of February, and most of them increased their rates. Only Reliant and Nec Co-op Energy kept offering plans all month on the Power to Choose website.

3. 100% Green Plans

AEP North- Lowest Reported EFL Price for a 100% Green Fixed Rate 12-month Plan for an estimated 2000 kWh’s during February 2021*
(lowest to highest rate)

Energy ProvidersRate for 2000 kWh (¢/kWh)
FRONTIER UTILITIES8.2
GEXA ENERGY8.2
GREEN ENERGY EXCHANGE8.3
CHARIOT ENERGY8.5
VARSITY ENERGY LLC8.5
TOMORROW ENERGY CORP8.7
CLEANSKY ENERGY8.8
AP GAS & ELECTRIC (TX) LLC9.3
RHYTHM9.7
PULSE POWER LLC10.0
ATG CLEAN ENERGY10.2
TRIEAGLE ENERGY LP10.2
ENERGY TO GO10.4
GREEN MOUNTAIN ENERGY COMPANY10.6
IBERDROLA TEXAS11.2

 

Gexa Energy and Frontier Utilities were showing the lowest rate for this category of plans:

Gexa EnergyFrontier Utilities
Plan NameGexa Choice Green 12Eco Green 12
Termination fee?$150$150
Available to new customer only?YesYes
Special terms?Not capturedNot captured

 

The REP that showed the highest rate here is Iberdrola Texas. Their “Wind by TX 12” plan also had a $150 early termination fee and was also only offered to new customers.

Market trend: About 40% of the REPs changed their price here during the month of February, and most of them increased their rates. Only Rhythm and Iberdrola Texas kept offering plans during the week of the winter storm on the Power to Choose website.

AEP North- Lowest Reported EFL Price for a 100% Green Fixed Rate 24-month Plan for an estimated 2000 kWh’s during February 2021*
(lowest to highest rate)

Energy ProvidersRate for 2000 kWh (¢/kWh)
CHARIOT ENERGY8.3
GREEN ENERGY EXCHANGE8.9
GEXA ENERGY9.0
TOMORROW ENERGY CORP9.0
AP GAS & ELECTRIC (TX) LLC9.1
RHYTHM9.5
ATG CLEAN ENERGY10.0
IBERDROLA TEXAS10.8
GREEN MOUNTAIN ENERGY COMPANY11.1

 

The lowest price here was offered by Chariot Energy. “Chariot Choice 24” is the plan they were offering and has a $49 cancellation fee and is available to all customers.

The highest rate of this category was offered by Green Mountain Energy. This REP offered a plan called “Pollution Free Crystal Clear 24 Choice” that included $200 of termination fee and was available to all customers.

Market trend: About 22% of the REPs changed their price here during the month of February, and most of them decreased their rates. Rhythm and Iberdrola Texas are the only REPs who had plans posted on the  Power to Choose website during the winter storm.

AEP North- Lowest Reported EFL Price for a 100% Green Variable Rate Plan for an estimated 2000 kWh’s during February 2021*
(lowest to highest rate)

Energy ProvidersRate for 2000 kWh (¢/kWh)
INFUSE ENERGY LLC7.4
BULB7.9
CHARIOT ENERGY9.2
GREEN MOUNTAIN ENERGY COMPANY14.4
AMBIT ENERGY17.4

 

The REP with the lowest rate in this table is Infuse Energy. During this period, they offered this plan named “Keep It Simple Savings Green Flex” to new customers only.

The highest rate of this table was offered with the plan “Ambit Green Texas Flex” from Ambit Energy. This plan was available to existing and new customers.

Market trend: Only one of the REP’s changed their price here during the month of February.  It was Infuse Energy, and they increased their rate. Only Green Mountain Energy  Company kept offering a plan all month on the Power to Choose website despite the winter storm during the middle of the month.

* Data obtained from powertochoose.org (Power to Choose) for the days from 2/1/2021 to 2/28/2021. 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. Data collected on the 9th and 10th of February with the  TDUCompanyName “AEP Texas” were excluded from this 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 their pricing.