Power to Choose | Best Electric Rate | Centerpoint Texas Feb 2021

February 2021: What is the electricity market trend for the Centerpoint 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 Centerpoint 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 Centerpoint area, and you can also read up on similar information for Oncor, AEP North, 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

 Centerpoint – 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)
SOUTHWEST POWER & LIGHT8.7
ENERGY MONGER LLC9.0
VARSITY ENERGY LLC9.0
VOLT ELECTRICITY PROVIDER LP9.0
WINDROSE ENERGY9.0
FRONTIER UTILITIES9.1
ELIGO ENERGY TX LLC9.2
SOUTHERN FEDERAL POWER LLC9.2
INFUSE ENERGY LLC9.3
V247 POWER CORPORATION9.3
RELIANT9.4
GRIDPLUS ENERGY9.5
POWERNEXT9.5
VETERAN ENERGY9.6
POWER OF TEXAS HOLDINGS INC9.7
CIRRO ENERGY9.8
DISCOUNT POWER9.8
HERITAGE POWER LLC9.8
SPARK ENERGY LLC9.8
4CHANGE ENERGY9.9
AMIGO ENERGY9.9
ENTRUST ENERGY INC9.9
JUST ENERGY9.9
TARA ENERGY9.9
EXPRESS ENERGY10.0
SUMMER ENERGY LLC10.0
THINK ENERGY10.0
MIDAMERICAN ENERGY SERVICES LLC10.5
CHAMPION ENERGY SERVICES LLC10.6
PULSE POWER LLC10.6
AP GAS & ELECTRIC (TX) LLC10.7
TRIEAGLE ENERGY LP10.9
ENERGY TO GO11.1
TXU ENERGY11.5
BRILLIANT ENERGY LLC11.9
AMBIT ENERGY12.9

 

The REP showing the lowest rate is Southwest Power & Light with a plan called “Texas Saver Fixed Rate Autopay E-Plan.” This plan charges a $175 of cancellation fee and is available to all customers. The special terms mentioned “If you elect to pay your invoice by any method other than an approved AutoPay method (as stated in Southwest’s AutoPay Enrollment Form), you will be subject to an additional charge of 0.5¢/kWh.”

Ambit Energy had the highest price in this table with a cancellation fee of $199. The plan is called “Lone Star Classic 12” and is offered to all customers. The special terms mentioned “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 66% of the REPs changed the price of their 12-month fixed price plans during the month of February, and more than half of them increased their rates. Only Infuse Energy, Champion Energy and Southwest Power & Light did not take down their plans from the Power to Choose website during the winter storm.

Centerpoint – 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)
SOUTHWEST POWER & LIGHT8.7
RELIANT8.9
ENERGY MONGER LLC9.1
ELIGO ENERGY TX LLC9.2
INFUSE ENERGY LLC9.2
V247 POWER CORPORATION9.2
VARSITY ENERGY LLC9.2
WINDROSE ENERGY9.3
SPARK ENERGY LLC9.4
CIRRO ENERGY9.5
DISCOUNT POWER9.5
GRIDPLUS ENERGY9.5
SOUTHERN FEDERAL POWER LLC9.5
VETERAN ENERGY9.6
EXPRESS ENERGY9.7
FRONTIER UTILITIES9.7
HERITAGE POWER LLC9.7
THINK ENERGY9.7
4CHANGE ENERGY9.9
AMIGO ENERGY9.9
JUST ENERGY9.9
SUMMER ENERGY LLC9.9
TARA ENERGY9.9
AP GAS & ELECTRIC (TX) LLC10.4
CHAMPION ENERGY SERVICES LLC10.4
MIDAMERICAN ENERGY SERVICES LLC10.4
PULSE POWER LLC10.5
TRIEAGLE ENERGY LP10.5
ENERGY TO GO10.9
TXU ENERGY11.4

 

The REP that offered the lowest rate for this type of plan was Southwest Power & Light. This energy provider was offering a plan called “Texas Saver Fixed Rate Autopay E-Plan” and was available for all customers. The cancellation fee was $175 for this plan. As the name implies, enrollment in AutoPay is required to get this low rate.

TXU Energy was offering the highest price with a plan called “Simple Value 24” and showed a $250 cancellation fee. This plan was only offered to new customers.

Market trend: About 70% of the REPs changed their price here during the month of February and more than half 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.

2. Variable Rate Plans

Centerpoint – 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 LLC8.1
INFUSE ENERGY LLC8.2
SOUTHWEST POWER & LIGHT8.3
YEP8.3
DIRECT ENERGY9.3
FIRST CHOICE POWER9.3
ENERGY MONGER LLC9.5
RELIANT10.1
NEC CO-OP ENERGY12.0
TXU ENERGY12.9
AMBIT ENERGY17.5

 

Southern Federal Power offered the lowest rate of this table. Their plan is called “Variable Advantage: Month-to-Month” and was offered to new customers only. This rate is only available to customers that subscribe to e-Billing and auto-payments.

The highest rate was offered by Ambit Energy  with their plan “Lone Star Flex.” This plan is available to all customers.

Market trend: About 58% of the REPs changed their price here during the month of February, and more than half 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

Centerpoint – 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)
GREEN ENERGY EXCHANGE8.9
GEXA ENERGY9.0
FRONTIER UTILITIES9.1
VARSITY ENERGY LLC9.2
CLEANSKY ENERGY9.3
CHARIOT ENERGY9.4
TOMORROW ENERGY CORP9.4
4CHANGE ENERGY10.0
MP2 ENERGY TEXAS LLC10.1
RHYTHM10.6
AP GAS & ELECTRIC (TX) LLC10.8
ATG CLEAN ENERGY10.8
PULSE POWER LLC10.9
TRIEAGLE ENERGY LP11.2
ENERGY TO GO11.4
IBERDROLA TEXAS11.4
GREEN MOUNTAIN ENERGY COMPANY11.6

 

Green Energy Exchange had the lowest rate in this category. “Texas Green 12 Autopay” was the name of the plan. It had a $150 cancellation fee and was available to all customers. As the plan name indicates, autopay is required.

Green Mountain Energy offered the highest rate with their plan called “Pollution Free e-Plus 12.” This plan also has a $150 early termination fee and is available for all customers.

Market trend: About 35% of the REPs changed their price for this type of plan during the month of February, and the changes were mostly price increases. Only Rhythm and Iberdrola Texas kept offering plans during the week of the winter storm on the Power to Choose website.

Centerpoint – 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 ENERGY9.3
GREEN ENERGY EXCHANGE9.4
GEXA ENERGY9.7
MP2 ENERGY TEXAS LLC9.9
VARSITY ENERGY LLC10.0
TOMORROW ENERGY CORP10.1
RHYTHM10.4
AP GAS & ELECTRIC (TX) LLC10.6
ATG CLEAN ENERGY10.6
IBERDROLA TEXAS11.1
GREEN MOUNTAIN ENERGY COMPANY11.7

 

The lowest rate here is offered by Chariot Energy. “Chariot Choice 24” is a plan that charges a $49 cancellation fee and is available to all customers.

The highest rate was offered by Green Mountain Energy with the plan called “Pollution Free e-Plus 24.” In this plan, we captured a $200 cancellation fee and the requirement to enroll in Tree Free billing and Auto Pay. This plan was available to all customers.

Market trend: About 18% of the REPs changed their price here during the month of February. Only Rhythm and Iberdrola Texas had plans posted  on the Power to Choose website during the winter storm.

Centerpoint – 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 LLC8.2
BULB9.0
CHARIOT ENERGY9.7
GREEN MOUNTAIN ENERGY COMPANY15.1
AMBIT ENERGY17.7

 

The lowest rate of this category of plan was offered by Infuse Energy. Their plan “Keep It Simple Savings Green Flex” is only offered to new customers.

Ambit Energy had the highest price.  Their plan “Ambit Green Texas Flex” is available to all customers.

Market trend: Only Infused Energy changed this price during the month of February by increasing their rate.  Only Green Mountain Energy Company kept offering one plan with the same rate all month on the Power to Choose website.

* 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. 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.