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

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

 Oncor – 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)
SOUTHERN FEDERAL POWER LLC8.4
VARSITY ENERGY LLC8.4
ELIGO ENERGY TX LLC8.5
ENERGY MONGER LLC8.5
INFUSE ENERGY LLC8.5
VOLT ELECTRICITY PROVIDER LP8.5
WINDROSE ENERGY8.5
FRONTIER UTILITIES8.6
RELIANT8.7
V247 POWER CORPORATION8.7
SOUTHWEST POWER & LIGHT8.8
POWERNEXT8.9
GRIDPLUS ENERGY9.0
CIRRO ENERGY9.1
DISCOUNT POWER9.1
ENTRUST ENERGY INC9.2
POWER OF TEXAS HOLDINGS INC9.2
SPARK ENERGY LLC9.2
VETERAN ENERGY9.3
4CHANGE ENERGY9.4
EXPRESS ENERGY9.4
SUMMER ENERGY LLC9.4
MIDAMERICAN ENERGY SERVICES LLC9.6
AMIGO ENERGY9.7
JUST ENERGY9.7
TARA ENERGY9.7
AP GAS & ELECTRIC (TX) LLC9.8
CHAMPION ENERGY SERVICES LLC9.8
PULSE POWER LLC10.0
THINK ENERGY10.1
ENERGY TO GO10.5
TRIEAGLE ENERGY LP10.5
TXU ENERGY10.5
BRILLIANT ENERGY LLC11.3
AMBIT ENERGY12.7

 

During this period, the lowest rate for a fixed rate plan was offered by 2 different Retail Energy Providers (REP): Varsity Energy and Southern Federal Power.

Varsity Energy’s “HOMERUN 12” requires paperless billing and autopay while Southern Federal Power’s “SoFed Better Rate – 12” doesn’t. In terms of termination fees, Southern Federal Power’s plan charges $249 while Varsity Energy’s plans are $150.

Ambit Energy  offered the highest rate with their plan called “Lone Star Classic 12.” A discount was available if you actively enrolled in paperless billing and automatic payments for billing.

Market trend: For the month of February in this category, we captured that about 65 % of the REPs changed their rates. Most of the REPs stopped offering products on the Power to Choose website during the cold weather event. The only REPs that kept offering plans all month were: Infuse Energy, Champion Energy and Southwest Power & Light.

Oncor – 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)
RELIANT8.2
ELIGO ENERGY TX LLC8.4
ENERGY MONGER LLC8.4
INFUSE ENERGY LLC8.4
WINDROSE ENERGY8.5
V247 POWER CORPORATION8.6
SOUTHERN FEDERAL POWER LLC8.7
VARSITY ENERGY LLC8.7
CIRRO ENERGY8.8
DISCOUNT POWER8.8
SPARK ENERGY LLC8.8
GRIDPLUS ENERGY9.0
SOUTHWEST POWER & LIGHT9.0
EXPRESS ENERGY9.1
FRONTIER UTILITIES9.1
CHAMPION ENERGY SERVICES LLC9.2
VETERAN ENERGY9.2
SUMMER ENERGY LLC9.3
4CHANGE ENERGY9.4
AP GAS & ELECTRIC (TX) LLC9.5
MIDAMERICAN ENERGY SERVICES LLC9.5
AMIGO ENERGY9.6
JUST ENERGY9.6
TARA ENERGY9.6
PULSE POWER LLC9.9
THINK ENERGY9.9
TRIEAGLE ENERGY LP9.9
ENERGY TO GO10.2
TXU ENERGY10.5

 

The plan called “Reliant Power On 24 Plan” was the lowest 24-month fixed price plan for this month and was offered by Reliant. This offer is for new customers only who enroll through Power to Choose only and has an early termination fee of $295 (this fee does not apply if you move to a new location).

TXU Energy was offering the highest rate of this category. The plan was called “Simple Value 24”, had the same early termination fee as Reliant plan, and was also for new customers only.

Market trend: Most of the REPs changed their prices during the month for this plan category (~69%). There is no major trend as some of them decreased their rates while others increased them. Most of the REPs stopped offering products on the Power to Choose website during the power outage period. The only REPs that kept offering plans during the whole month are: Infuse Energy, Champion Energy and Southwest Power & Light.

2. Variable Rate Plans

Oncor – 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 LLC7.5
INFUSE ENERGY LLC7.6
SOUTHWEST POWER & LIGHT7.8
YEP7.8
ENERGY MONGER LLC8.5
DIRECT ENERGY8.9
FIRST CHOICE POWER8.9
RELIANT9.6
NEC CO-OP ENERGY11.6
TXU ENERGY11.9
AMBIT ENERGY17.2

 

Southern Federal Power had the lowest variable plan rate for February with a plan called “Variable Advantage: Month-to-Month.” This rate is only for new customers and reflects an e-billing and autopay discount. Customers not enrolled in e-Billing and/or those who do not maintain an automated payment method are subject to additional fees.

Ambit Energy offered a plan called “Lone Star Flex”. This plan rate was the highest for this period and was offered to all customers.

Market trend: About 58% of the REPs changes their rates and most of them increased it during the second period of the month. Most of the REPs stopped listing their plans on the Power to Choose website during the winter storm period. The only REPs that kept offering plans all the months were Reliant and Nec Co-op Energy .

3. 100% Green Plans

Oncor – 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)
GEXA ENERGY8.5
GREEN ENERGY EXCHANGE8.5
FRONTIER UTILITIES8.6
VARSITY ENERGY LLC8.6
CLEANSKY ENERGY8.7
CHARIOT ENERGY8.8
TOMORROW ENERGY CORP9.0
4CHANGE ENERGY9.5
RHYTHM9.9
AP GAS & ELECTRIC (TX) LLC10.0
CHAMPION ENERGY SERVICES LLC10.2
ATG CLEAN ENERGY10.3
CONSERVICE ENERGY10.3
PULSE POWER LLC10.3
ENERGY TO GO10.8
GREEN MOUNTAIN ENERGY COMPANY10.8
TRIEAGLE ENERGY LP10.8
IBERDROLA TEXAS11.0

 

2 REPs showed an equal lowest rate for this category:  Gexa Energy with their ”Gexa Choice Green 12” plan and Green Energy Exchange with their  “Texas Green 12 Autopay ” plan. Let’s see how they are similar (or not):

  • Early cancellation fee? Yes, they both charge a $150 termination fee.
  • Available to all customers? True for Green Energy Exchange’s, but Gexa Energy’s is only available to new customers who enrolled through Power to Choose website.
  • Special requirements? Green Energy Exchange’s Electricity Facts Label (EFL) underlines that an extra charge will be incurred if customers opt out of Autopay.

Iberdrola Texas offered a plan named “Wind by TX 12”. This plan had the highest rate for this category in February 2021:

  • Early cancellation fee? Yes. From the EFL: “This fee does not apply if the customer moves and provides verifying evidence or changes to another of our fixed term plan of greater or equal length.”
  • Available for all customers? No. This offer was only available to new customers.
  • Special requirements? No, but an additional 0.1¢/kWh discount could be applied to the price above for customers that enrolled in Autopay.

Market trend: About 44% of the REPs changed their price during the month of February. Only Rhythm, Champion Energy and Iberdrola Texas did not pull down their offers from the Power to Choose website during the winter storm.

Oncor – 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 ENERGY8.6
GREEN ENERGY EXCHANGE9.0
GEXA ENERGY9.1
TOMORROW ENERGY CORP9.4
VARSITY ENERGY LLC9.4
AP GAS & ELECTRIC (TX) LLC9.7
RHYTHM9.8
ATG CLEAN ENERGY9.9
IBERDROLA TEXAS10.6
GREEN MOUNTAIN ENERGY COMPANY11.1

Chariot Energy had the lowest rate with the plan “Chariot Choice 24.” This plan applies to all customers (existing and new) and charges a $49 early termination fee.

Green Mountain Energy had the highest rate with a plan called “Pollution Free Crystal Clear 24 Choice.” This plan is available to all customers and charges a $200 termination fee.

Market trend: About 30% of the REPs changed their price here during the month of February. Only Rhythm and Iberdrola Texas kept offering plans during the week of the winter storm on the Power to Choose website.

Oncor – 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 LLC6.9
BULB8.5
CHARIOT ENERGY9.2
GREEN MOUNTAIN ENERGY COMPANY14.3
AMBIT ENERGY17.2

 

Infuse Energy’s “Keep It Simple Savings Green Flex” plan had the lowest rate of the 100% green variable rate plans. This offer was only available for new customers. The EFL mentioned the following special requirement: a $5 fee per billing period that applies if customers are not enrolled in Autopay.

The REP that showed the highest rate was Ambit Energy. The plans name is “Ambit Green Texas Flex” and is available to all customers.

Market trend: About 20% of the REPs changed their price here during the month of February. Only Green Mountain Energy Company kept offering plans continuously throughout the month of February 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.