Power to Choose | Top Prices | AEP Central Texas Mar 2021

March 2021: What is the electricity market trend for the AEP Central delivery area?

Our team at EnergySavings.com is capturing daily snapshots of electricity plans from the Power to Choose website. Data collected* is 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.

This article is for the AEP Central delivery area only. You can read the posts for the other Transmission & Delivery Utility (TDU)  areas in Texas here:

Oncor
AEP North
CenterPoint
TNMP

Our analysis is based on information captured once daily from the Power to Choose website, and rates may vary at any time. We have excluded from our analysis plans that are marked as “Minimum usage fees/credits,” “Time of Use,” and “Prepaid” according to the data captured from Power to Choose.

NEW! Our team is now providing a comparison of rates with the previous month. It gives a view to the market trends and underlying variations in the retail electricity industry.

For more information about delivery areas in Texas, click here.

For more information about Power to Choose and its role, consult this page.

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AEP Central Delivery Area – March 2021: Rates and Trends for Most Common Plans1

Fixed Rate (cents/kWh)
12mo Plans
Fixed Rate (cents/kWh)
24mo Plans
Variable Rate (cents/kWh)
March Feb.%March Feb.%March Feb.%
Lowest8.99.0-1.1%8.79.0-3.3%10.48.128.4%
Highest12.112.7-4.7%11.311.4-0.9%16.917.5-3.4%
Average10.010.0-0.6%9.79.9-1.8%11.710.412.8%
Number of REPs2734-20.6%2427-11.1%911-18.2%

1Trends compare in percentage the rate of 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 compares the highest of the lowest price offered by an REP.

The lowest rates of the table decreased for fixed rate plans but increased for the variable rate plan.

The highest rates are globally decreasing in the table.

Looking at the averages, we see a slight decrease for the fixed rate plans (-0.6% and -1.8%) and a 12.8% rise for variable rate plans.

The number of REPs in these 3 categories globally decreased:

The following REPs, who previously offered some of the products in the table above, are not showing offers at all since mid-February:  MIDAMERICAN ENERGY SERVICES LLC, POWER OF TEXAS HOLDINGS INC, ENERGY TO GO, ENTRUST ENERGY INC, ENERGY MONGER LLC, VARSITY ENERGY LLC, and PULSE POWER LLC.

CPL RETAIL ENERGY, TRIEAGLE ENERGY LP and SPARK ENERGY LLC were offering 24mo-fixed rate plans the previous month. The first two were offering other fixed contract lengths in March while the last one was still offering 24mo-fixed rate plans, but they added a minimum usage fee / credit component to their plan.

CPL RETAIL ENERGY, DIRECT ENERGY and FIRST CHOICE POWER were offering variable rate plans, and they all left this category of products by only offering fixed rate plans in March.

We also noticed some new entrances within these 3 categories: YEP and TEXPO ENERGY.

AEP Central Delivery Area – March 2021: Rates and Trends for Most Common 100% Green Plans1

100 % Green, Fixed Rate (cents/kWh)
12mo Plans
100 % Green, Fixed Rate (cents/kWh)
24mo Plans
100 % Green, Variable Rate (cents/kWh)
March Feb.%March Feb.%March Feb.%
Lowest9.19.01.1%8.99.2-3.3%10.58.228.0%
Highest14.211.721.4%11.711.70.0%17.117.7-3.4%
Average10.810.25.8%10.110.4-2.0%13.912.015.9%
Number of REPs916-43.8%710-30.0%35-40.0%

1Trends compare in percentage the rate of 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 compares the highest of the lowest price offered by an REP.

The 100% green plans of this delivery area are also impacted by an important loss of REPs. -43.8% and -30% for the fixed rate plans and -40% for the variable rate one. Most of these REPs were no longer showing any offers on the Power to Choose website since mid-February except for FRONTIER UTILITIES, who still had non-100% green offers on Power to Choose. The only new player is TXU ENERGY, which started to offer 100% green 12mo-fixed rate plans in March.

The first category is impacted in March by a rate increase: +1.1% for the lowest rate, +21.4% for the highest one and +5.8% for the average one compared to February. With a decline in the number of players by 43.8%, the decrease in competition may explain this impact on the rates.

Looking at the 100% green 24mo-fixed rate plans, we don’t observe the same trend: The lowest rate decreased by 3.3%, there was no variation for the highest one and the average rate decreased by 2%.

The variable rate category was also impacted similarly as the first category by an important loss of REPs. The lowest rate increased by 28%, the highest one decreased slightly while the average increased by 15.9%.

AEP Central Delivery Area – March 2021: List of Lowest Reported EFL Price for an estimated 2000 kWh’s*

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

Energy ProvidersRate for 2000 kWh (¢/kWh)
DISCOUNT POWER8.9
CIRRO ENERGY9.0
HERITAGE POWER LLC9.2
SPARK ENERGY LLC9.2
WINDROSE ENERGY9.2
INFUSE ENERGY LLC9.3
FRONTIER UTILITIES9.4
SOUTHWEST POWER & LIGHT9.5
V247 POWER CORPORATION9.5
YEP9.5
EXPRESS ENERGY9.6
POWERNEXT9.7
SUMMER ENERGY LLC9.7
4CHANGE ENERGY9.9
VETERAN ENERGY10.0
AMIGO ENERGY10.1
JUST ENERGY10.1
TARA ENERGY10.1
THINK ENERGY10.1
CHAMPION ENERGY SERVICES LLC10.4
AP GAS & ELECTRIC (TX) LLC10.5
TRIEAGLE ENERGY LP10.5
SOUTHERN FEDERAL POWER LLC10.7
CONSTELLATION NEWENERGY INC10.8
TXU ENERGY10.9
RELIANT11.4
AMBIT ENERGY12.1

 

DISCOUNT POWER offered the lowest price while AMIBIT ENERGY offered the highest price in this category. Just under half (44%) of the REPs on this table changed their rate during March, and most of them decreased it.

Lowest Electricity Prices in Corpus Christi (or AEP Central TDU area): 24mo- Fixed Rate Plans
(lowest to highest rate)

Energy ProvidersRate for 2000 kWh (¢/kWh)
FIRST CHOICE POWER8.7
FRONTIER UTILITIES8.9
DISCOUNT POWER9.0
HERITAGE POWER LLC9.0
INFUSE ENERGY LLC9.1
WINDROSE ENERGY9.2
SOUTHWEST POWER & LIGHT9.4
V247 POWER CORPORATION9.4
YEP9.4
EXPRESS ENERGY9.5
SOUTHERN FEDERAL POWER LLC9.5
SUMMER ENERGY LLC9.6
TEXPO ENERGY9.6
THINK ENERGY9.6
CHAMPION ENERGY SERVICES LLC9.7
4CHANGE ENERGY9.9
VETERAN ENERGY10.0
AMIGO ENERGY10.1
JUST ENERGY10.1
TARA ENERGY10.1
AP GAS & ELECTRIC (TX) LLC10.3
TXU ENERGY10.9
RELIANT11.0
CIRRO ENERGY11.3

 

FIRST CHOICE POWER held the lowest price spot in this category. CIRRO ENERGY, on the other hand, offered the highest price. Half of the REPs changed their price during the period, and most of the changes were a decrease in price.

Lowest Electricity Prices in Corpus Christi (or AEP Central TDU area): Variable Rate Plans
(lowest to highest rate)

Energy ProvidersRate for 2000 kWh (¢/kWh)
INFUSE ENERGY LLC10.4
SOUTHERN FEDERAL POWER LLC10.4
YEP10.4
SOUTHWEST POWER & LIGHT10.6
TEXPO ENERGY10.8
RELIANT11.4
NEC CO-OP ENERGY12.2
TXU ENERGY12.5
AMBIT ENERGY16.9

 

SOUTHERN FEDERAL POWER, INFUSE ENERGY LLC, and YEP tied for the lowest price spot while AMBIT ENERGY had the highest price spot for variable plans in March. Most of this REPs kept their rate the same all month. Only 2 of them applied a change: INFUSE ENERGY LLC and SOUTHERN FEDERAL POWER.  They both decreased their rates.

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

Energy ProvidersRate for 2000 kWh (¢/kWh)
GEXA ENERGY9.1
CLEANSKY ENERGY9.9
4CHANGE ENERGY10.1
IBERDROLA TEXAS10.4
RHYTHM10.5
AP GAS & ELECTRIC (TX) LLC10.7
TRIEAGLE ENERGY LP11.0
GREEN MOUNTAIN ENERGY COMPANY11.6
TXU ENERGY14.2

 

GEXA ENERGY offered the lowest price and TXU ENERGY offered the highest price in this category. Only 3 of the REPs in this table applied a change in their price during March 2021. CLEANSKY ENERGY and 4CHANGE ENERGY decreased their price while GEXA ENERGY increased it.

Lowest Electricity Prices in Corpus Christi (or AEP Central TDU area): 100% Green 24mo-Fixed Rate Plan
(lowest to highest rate)

Energy ProvidersRate for 2000 kWh (¢/kWh)
GEXA ENERGY8.9
CLEANSKY ENERGY9.7
IBERDROLA TEXAS9.7
4CHANGE ENERGY10.1
RHYTHM10.4
AP GAS & ELECTRIC (TX) LLC10.5
GREEN MOUNTAIN ENERGY COMPANY11.7

 

Similar to the previous category, GEXA ENERGY holds the lowest price spot for the 100% green 24-month fixed rate product. GREEN MOUNTAIN ENERGY COMPANY offered the highest rate. 3 REPs changed their rates this month by decreasing it: GEXA ENERGY, CLEANSKY ENERGY and 4CHANGE ENERGY.

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

Energy ProvidersRate for 2000 kWh (¢/kWh)
INFUSE ENERGY LLC10.5
GREEN MOUNTAIN ENERGY COMPANY14.0
AMBIT ENERGY17.1

 

INFUSE ENERGY LLC offered the lowest price in this category and further decreased their rate during the month of March. GREEN MOUNTAIN ENERGY COMPANY increased their rate and AMBIT ENERGY offered the highest price.

* Data obtained from powertochoose.org (Power to Choose) for the days from 3/1/2021 to 3/31/2021. 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.