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Did Electricity Prices Go Up in October 2021 in the Aep Central Delivery Area?

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

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TRENDS: OCTOBER vs SEPTEMBER

AEP Central Delivery Area – October 2021: Rates and Trends for Most Common Plans:1

Fixed Rate (cents/kWh)
12mo Plans
Variable Rate (cents/kWh)
September October Trends September October Trends
Lowest 9.8 10.2 4% 10.8 11.9 10%
Highest 15.9 15.9 0% 18.3 18.3 0%
Average 11.8 12.5 6% 12.5 13.3 6%
Number of REPs 33 29 -12% 10 10 0%

1Trends show the percentage change in the rate from 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 shows the highest price among all the lowest price plans offered by REPs offering that type of plan in this region for each month.

 

Notably, the first category in our analysis suffered from 5 fewer providers in October. FIRST CHOICE POWER, V247 POWER CORPORATION, CPL RETAIL ENERGY and ELIGO ENERGY TX LLC stopped showing plans on the Power to Choose website in October. The latter had only started showing plans on the site in September. PESO POWER is the fifth REP that stopped showing 12-month fixed rate plans, but is still on the Power to Choose website with other kinds of fixed-rate plans (shorter terms). TRUE POWER is a provider that joined the game in October and was recently certified by the PUCT this year. They started to show plans on the Power to Choose website this month and are offering other kinds of fixed rate plans. Looking at the trends, this delivery area is also showing some variations. The 12-month fixed rate plan category increased in price: +4% for the lowest rate and +6% for the average. The variable rate category also saw an increase: +10% for the lowest price and +6% for the average.

 

 

AEP Central Delivery Area – October 2021: Rates and Trends for Most Common 100% Green Plans:1

100 % green, Fixed Rate (cents/kWh)
12mo Plans
100 % green, Variable Rate (cents/kWh)
September October Trends September October Trends
Lowest 10.6 11.3 7% 13.0 13.0 0%
Highest 13.9 13.7 -1% 18.5 18.5 0%
Average 11.8 12.3 5% 15.7 15.6 -1%
Number of REPs 10 9 -10% 3 4 33%

1Trends show the percentage change in the rate from 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 shows the highest price among all the lowest price plans offered by REPs offering that type of plan in this region for each month.

 

Looking at the 100% green products, the first category of plans has lost one provider: AMPRA ENERGY who preferred to offer another fixed rate, 100% green product with a shorter term (just like their affiliated company mentioned above, PESO POWER). Our team also captured in this delivery area that CHARIOT ENERGY started showing a new 100% green variable rate product. Regarding trends in September versus October, we captured some variation for the first category: +7% for the lowest rate +5% for the average rate and -1% for the highest rate. The second category is only impacted by a small decrease of 1% for the average rate.

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LIST OF ENERGY PROVIDERS/ PRICES

AEP Central Delivery Area – October 2021: List of Lowest Reported EFL Prices for an estimated 1000 kWh’s*

 

October 2021: Lowest Electricity Prices in Corpus Christi, Texas (or AEP Central TDU area): Non-100% Green 12-month Fixed Rate Plans:
(lowest to highest rate)

Energy Providers Rate for 1000 kWh (¢/kWh)
THINK ENERGY 10.2
FRONTIER UTILITIES 11.2
WINDROSE ENERGY 11.4
EXPRESS ENERGY 11.6
4CHANGE ENERGY 11.7
DISCOUNT POWER 11.8
AMIGO ENERGY 11.9
CIRRO ENERGY 11.9
JUST ENERGY 11.9
TARA ENERGY 11.9
VETERAN ENERGY 11.9
SOUTHWEST POWER & LIGHT 12.3
YEP 12.3
POWERNEXT 12.4
SUMMER ENERGY LLC 12.4
TRUE POWER 12.4
INFUSE ENERGY LLC 12.6
SOUTHERN FEDERAL POWER LLC 12.7
RELIANT 12.8
DIRECT ENERGY 12.9
RANCHERO POWER 12.9
CHAMPION ENERGY SERVICES LLC 13.0
SPARK ENERGY LLC 13.0
TRIEAGLE ENERGY LP 13.2
CONSTELLATION NEWENERGY INC 13.4
PULSE POWER LLC 13.6
ENERGY TO GO 14.2
TXU ENERGY 14.2
AMBIT ENERGY 15.9

THINK ENERGY had the lowest price while AMBIT ENERGY offered the highest price in this category. 62% of these providers changed their prices and we can deduce a general trend as they all increased it.

 

October 2021: Lowest Electricity Prices in Corpus Christi, Texas (or AEP Central TDU area): Non-100% Green Variable Rate Plans:
(lowest to highest rate)

Energy Providers Rate for 1000 kWh (¢/kWh)
SOUTHERN FEDERAL POWER LLC 11.9
RANCHERO POWER 12.0
RELIANT 12.1
SOUTHWEST POWER & LIGHT 12.5
YEP 12.5
TEXPO ENERGY 12.7
INFUSE ENERGY LLC 12.9
NEC CO-OP ENERGY 13.0
TXU ENERGY 15.2
AMBIT ENERGY 18.3

SOUTHERN FEDERAL POWER LLC offered the lowest price spot while AMBIT ENERGY held the highest price spot in October. Seven out of ten of these REPs changed their prices and we cannot draw a definitive trend as 4 increased their rate and 3 decreased it.

 

October 2021: Lowest Electricity Prices in Corpus Christi, Texas (or AEP Central TDU area): 100% Green 12-month Fixed Rate Plans:
(lowest to highest rate)

Energy Providers Rate for 1000 kWh (¢/kWh)
GEXA ENERGY 11.3
MP2 ENERGY TEXAS LLC 11.5
CLEANSKY ENERGY 12.0
4CHANGE ENERGY 12.4
OCTOPUS ENERGY 12.4
CHARIOT ENERGY 12.5
GREEN MOUNTAIN ENERGY COMPANY 12.6
RHYTHM 12.6
TRIEAGLE ENERGY LP 13.7

GEXA ENERGY showed the lowest price and TRIEAGLE ENERGY LP offered the highest price in this category. Five providers (56%) changed their prices, and we can draw a common trend as 4 of them increased it. In this delivery area, CHARIOT ENERGY decreased their price but changed it back to its original price before the end of the month.

 

 

October 2021: Lowest Electricity Prices in Corpus Christi, Texas (or AEP Central TDU area): 100% Green Variable Rate Plans:
(lowest to highest rate)

Energy Providers Rate for 1000 kWh (¢/kWh)
INFUSE ENERGY LLC 13.0
CHARIOT ENERGY 15.3
GREEN MOUNTAIN ENERGY COMPANY 15.5
AMBIT ENERGY 18.5

Only AMBIT ENERGY did not change their rates during the month. INFUSE ENERGY LLC and CHARIOT ENERGY increased it while GREEN MOUNTAIN ENERGY COMPANY decreased it.

 

* Data obtained from powertochoose.org (Power to Choose) for the days from 10/1/2021 to 10/31/2021. 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 1000 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 its pricing.