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

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

 TNMP – 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 LLC9.8
VARSITY ENERGY LLC9.8
FRONTIER UTILITIES10.0
RELIANT10.0
SOUTHERN FEDERAL POWER LLC10.0
VOLT ELECTRICITY PROVIDER LP10.0
INFUSE ENERGY LLC10.1
WINDROSE ENERGY10.1
CIRRO ENERGY10.2
DISCOUNT POWER10.3
SOUTHWEST POWER & LIGHT10.3
VETERAN ENERGY10.3
SPARK ENERGY LLC10.4
POWER OF TEXAS HOLDINGS INC10.5
POWERNEXT10.5
4CHANGE ENERGY10.6
ENTRUST ENERGY INC10.7
AMIGO ENERGY10.9
JUST ENERGY10.9
MIDAMERICAN ENERGY SERVICES LLC10.9
TARA ENERGY10.9
THINK ENERGY11.0
SUMMER ENERGY LLC11.1
GRIDPLUS ENERGY11.5
TRIEAGLE ENERGY LP11.5
AP GAS & ELECTRIC (TX) LLC11.6
PULSE POWER LLC11.6
CHAMPION ENERGY SERVICES LLC11.7
CONSTELLATION NEWENERGY INC11.8
TXU ENERGY11.9
ENERGY TO GO12.1
AMBIT ENERGY13.1

 

The same lowest rate of this table was offered by two REPs: Varsity Energy and Energy Monger.

Varsity EnergyEnergy Monger
Plan NameHOMERUN 1212 Month E-Pay / E-Bill The Best Fixed Rate Plan
Termination fee?$150$15 per month left in term
New customers only?No, available for all customersNo, available for all customers
Special terms?This product requires auto-pay and e-billThe discounts are not available if you do not sign up for and maintain AutoPay and Paperless services

 

Ambit Energy with the plan “Lone Star Classic 12” offered the highest rate of this category of plan. This plan was offered to all customers. It charges a $199 cancellation fee. The special terms stated that a discount of 0.2¢ per kWh applies to enrollment in paperless billing and automatic payment services.

Market trend: About 63% 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.

TNMP – 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)
RELIANT9.8
INFUSE ENERGY LLC10.0
SOUTHERN FEDERAL POWER LLC10.1
WINDROSE ENERGY10.1
SPARK ENERGY LLC10.2
FRONTIER UTILITIES10.4
SOUTHWEST POWER & LIGHT10.5
CIRRO ENERGY10.6
THINK ENERGY10.8
AMIGO ENERGY10.9
JUST ENERGY10.9
MIDAMERICAN ENERGY SERVICES LLC10.9
TARA ENERGY10.9
SUMMER ENERGY LLC11.0
AP GAS & ELECTRIC (TX) LLC11.3
CHAMPION ENERGY SERVICES LLC11.4
PULSE POWER LLC11.4
GRIDPLUS ENERGY11.5
TRIEAGLE ENERGY LP11.5
DISCOUNT POWER11.6
TXU ENERGY11.7
ENERGY TO GO11.9

 

Reliant offered the lowest rate to new customers only who enroll through the Power to Choose website. “Reliant Power On 24 Plan” was the name of this plan that had a $295 of cancellation fee.

Energy to Go offered the price above with a plan named “Fixed To Go 24.” It was the highest rate of this category. This plan was available to all customers. It also charges a $20/month remaining of early termination fee.

Market trend: About 64% of the REPs changed their price here during the month of February. Of the changes, there were more price increases than decreases. Only Infuse EnergySouthwest Power & Light , Champion Energy and Amigo Energy kept offering plans all month on the Power to Choose website.

2. Variable Rate Plans

TNMP – 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 LLC8.8
INFUSE ENERGY LLC8.9
SOUTHWEST POWER & LIGHT9.1
YEP9.1
DIRECT ENERGY10.3
FIRST CHOICE POWER10.3
RELIANT10.9
NEC CO-OP ENERGY12.8
TXU ENERGY13.5
AMBIT ENERGY17.9

 

Southern Federal Power offered the lowest rate for this type of plan. This plan’s name is “Variable Advantage: Month-to-Month,” and new customers only were eligible to this rate.

Ambit Energy offered the highest rate of this category. The plan was called “Lone Star Flex” and was available for all customers.

Market trend: About 64% 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 Power to Choose website.

3. 100% Green Plans

TNMP – 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 ENERGY9.7
GREEN ENERGY EXCHANGE9.7
FRONTIER UTILITIES10.0
VARSITY ENERGY LLC10.0
TOMORROW ENERGY CORP10.2
CHARIOT ENERGY10.4
CLEANSKY ENERGY10.6
RHYTHM11.3
ATG CLEAN ENERGY11.7
AP GAS & ELECTRIC (TX) LLC11.8
TRIEAGLE ENERGY LP11.8
PULSE POWER LLC11.9
GREEN MOUNTAIN ENERGY COMPANY12.2
IBERDROLA TEXAS12.2
ENERGY TO GO12.4

 

For this category, Green Energy Exchange and Gexa Energy were the REPs that offered the same lowest price in this category. Let’s see how they compared:

Green Energy ExchangeGexa Energy
Plan NameTexas Green 12 AutopayGexa Choice Green 12
Termination fee?$150$150
New customers only?Available for all customersYes
Special terms?Not capturedNot captured

 

Energy to Go was captured having the highest price for this category. This plan was available to all customers and has a $20/month remaining as early termination fee. The plan’s name is “Green To Go 12.”

Market trend: Only about 33% of the REPs changed their price here during the month of February, and all increased their rates. Only Rhythm and Iberdrola Texas kept offering plans during the week of the winter storm on the Power to Choose website.

TNMP – 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 ENERGY10.3
GEXA ENERGY10.4
GREEN ENERGY EXCHANGE10.4
TOMORROW ENERGY CORP10.6
RHYTHM11.2
AP GAS & ELECTRIC (TX) LLC11.5
ATG CLEAN ENERGY11.7
IBERDROLA TEXAS11.8
GREEN MOUNTAIN ENERGY COMPANY12.5

 

Chariot Energy was showing the lowest rate. The plan was called “Chariot Choice 24,” had a $49 cancellation fee and is available to all customers.

The highest rate was offered by Green Mountain Energy. The name of this plan was “Pollution Free Crystal Clear 24 Choice.”  It was available to all customers and had a $200 cancellation fee.

Market trend: Only Iberdrola Texas changed their price during the month of February by decreasing their rate.  Only Rhythm and Iberdrola Texas had plans posted on the Power to Choose website during the winter storm.

TNMP – 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 LLC9.0
BULB9.7
CHARIOT ENERGY10.7
GREEN MOUNTAIN ENERGY COMPANY15.7
AMBIT ENERGY18.1

 

The lowest rate here was offered by Infuse Energy with a plan called “Keep It Simple Savings Green Flex.” This plan was available to new customers only.

The highest rate of this category was offered by Ambit Energy with a plan called “Ambit Green Texas Flex.” This plan was available to all customers.

Market trend: Infuse Energy is the only REP who changed their variable plan price in February 2021 by increasing their rate. Only Green Mountain Energy Company kept offering one plan with a stable 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.