Power to Choose | Electric Price | AEP North Texas Mar 2021

March 2021: What is the electricity market trend for the AEP North 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 North delivery area only. You can read the posts for the other Transmission & Delivery Utility (TDU) areas in Texas here:

Oncor
AEP Central
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.

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AEP North 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.%
Lowest7.88.2-4.9%7.07.7-9.1%10.57.245.8%
Highest11.111.7-5.1%10.710.07.0%16.517.2-4.1%
Average9.19.10.0%8.79.0-4.1%11.59.521.5%
Number of REPs2532-21.9%2023-13.0%912-25.0%

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.

Concerning the lowest rate for the two fixed rate products type, the common trend is a decrease. In contrast, the variable rate category is impacted by a significant price increase: +45.8%.

The highest rate for those most common plans decreased for the first category (-5.1%), increased slightly for the second one (+7%) and decreased again for the variable rate plan category (-4.1%). As the highest price 12-month fixed plan and variable plan were offered by Ambit Energy, the decreasing trend for these two types of plans is attributed to Ambit Energy lowering their prices.

The average rate decreased so slightly that the above table shows no change but decreased in fact by 0.048% for the 12mo-fixed rate.  It also slightly decreased for the 24mo-fixed rate category. Looking at the increase in the variable rate plan category (+21.5%) we can correlate this change with the loss of 25% in the number of REPs in this category: fewer players, less competition, higher rates … etc.

The number of REPs in those 3 categories is globally decreasing. Let’s have a look at the REPs that were no longer offering plans in those categories:
SPARK ENERGY LLC only offered 12 and 3mo-fixed rate plans in March while they offered a 24mo-fixed rate in the previous month. TRIEAGLE ENERGY LP is now only offering 12mo-fixed rate plan. DIRECT ENERGY, FIRST CHOICE POWER and WTU RETAIL ENERGY are REPs that only offered fixed rate plans in March although they offered variable rate plans in February.

We also noticed 7 REPs that offered some of the types of plans in the table above but stopped showing any offers at all since mid-February on the Power to Choose website:
ENERGY MONGER LLC, ENERGY TO GO, ENTRUST ENERGY INC, MIDAMERICAN ENERGY SERVICES LLC, POWER OF TEXAS HOLDINGS INC, PULSE POWER LLC, and VARSITY ENERGY LLC.

New players: YEP started offering fixed rate products in March while they were only offering variable rate plans the previous month. TEXPO ENERGY started offering 24mo-fixed rate plans in March but did offer fixed price plans of other contract term length in the previous month.

AEP North 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.%
Lowest8.58.23.7%7.78.3-7.2%10.67.443.2%
Highest13.211.217.9%11.111.10.0%16.717.4-4.0%
Average10.19.47.1%9.39.5-2.9%13.711.322.0%
Number of REPs815-46.7%69-33.3%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 12mo-Fixed rate Plans are the only category where we can see a global increase of rates comparing to February. 15 REPs were offering this product in February; only 8 in March.

FRONTIER UTILITIES, BULB, GREEN ENERGY EXCHANGE, ATG CLEAN ENERGY, CHARIOT ENERGY, VARSITY ENERGY LLC, TOMORROW ENERGY CORP, ENERGY TO GO and PULSE POWER LLC are REPs that previously offered some of the 100% green plans in the table above but stopped offering 100% green plans on the Power to Choose website since mid-February, which is when the weather crisis occurred.

TXU ENERGY is a new player in this category of plans. They started offering 100% green products in March.

The 100 % Green 24 mo-Fixed rate Plans have an average rate that slightly decreased (-2.9%) while the lowest rate decreased by 7.2%, and the highest didn’t change. The number of REPs in this category decreased by 33.3%.

The REPs that were no longer offering plans in this category all stopped to show offers on Power to Choose website: GREEN ENERGY EXCHANGE, ATG CLEAN ENERGY, CHARIOT ENERGY and TOMORROW ENERGY CORP.

Concerning the 100% green variable rate category, the two players that left the game are CHARIOT ENERGY and BULB. Those 2 REPs both stopped showing offers on the Power to Choose website since the winter storm in mid-February. These two players were offering low rates in this category, which may help explain the increase of 43.2% of the lowest rate and an increase of 22% of the average rate between this month and February. The highest rate was still offered by the same REP AMBIT ENERGY, which decreased by 4%.

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

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

Energy ProvidersRate for 2000 kWh (¢/kWh)
DISCOUNT POWER7.8
CIRRO ENERGY7.9
SPARK ENERGY LLC8.2
WINDROSE ENERGY8.4
AMIGO ENERGY8.5
FRONTIER UTILITIES8.5
INFUSE ENERGY LLC8.5
JUST ENERGY8.5
TARA ENERGY8.5
SOUTHWEST POWER & LIGHT8.6
YEP8.6
POWERNEXT8.8
4CHANGE ENERGY9.0
SUMMER ENERGY LLC9.0
V247 POWER CORPORATION9.0
AP GAS & ELECTRIC (TX) LLC9.1
VETERAN ENERGY9.1
SOUTHERN FEDERAL POWER LLC9.5
CHAMPION ENERGY SERVICES LLC9.7
THINK ENERGY9.8
TRIEAGLE ENERGY LP9.9
TXU ENERGY9.9
RELIANT10.4
CONSTELLATION NEWENERGY INC10.7
AMBIT ENERGY11.1

 

DISCOUNT POWER offered the lowest price while AMBIT ENERGY offered the highest price in this category. About 36% of the REPs in this table changed their price during March. Most of them decreased their rates except for POWERNEXT, V247 POWER CORPORATION and SOUTHERN FEDERAL POWER LLC.

 

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

Energy ProvidersRate for 2000 kWh (¢/kWh)
FIRST CHOICE POWER7.0
FRONTIER UTILITIES7.7
DISCOUNT POWER7.9
INFUSE ENERGY LLC8.1
AMIGO ENERGY8.4
JUST ENERGY8.4
TARA ENERGY8.4
WINDROSE ENERGY8.4
SOUTHWEST POWER & LIGHT8.6
YEP8.6
SOUTHERN FEDERAL POWER LLC8.7
CHAMPION ENERGY SERVICES LLC8.8
SUMMER ENERGY LLC8.8
TEXPO ENERGY8.8
AP GAS & ELECTRIC (TX) LLC8.9
V247 POWER CORPORATION8.9
THINK ENERGY9.0
TXU ENERGY9.4
RELIANT10.0
CIRRO ENERGY10.7

 

Based on the above table, in March, FIRST CHOICE POWER had the lowest price spot while CIRRO ENERGY had the highest price spot.  About 35% of these REPS changed their prices, and all of them decreased it.

Lowest Electricity Prices in Abilene (or AEP North TDU area): Variable Rate Plans
(lowest to highest rate)

Energy ProvidersRate for 2000 kWh (¢/kWh)
INFUSE ENERGY LLC10.5
SOUTHERN FEDERAL POWER LLC10.5
SOUTHWEST POWER & LIGHT10.6
YEP10.6
TEXPO ENERGY10.8
RELIANT11.0
NEC CO-OP ENERGY11.4
TXU ENERGY11.5
AMBIT ENERGY16.5

 

SOUTHERN FEDERAL POWER LLC and INFUSE ENERGY LLC had the lowest price on the Power to Choose website for variable plans while AMIBIT ENERGY has the highest price.

Only 2 REPs changed their rates during the month:  SOUTHERN FEDERAL POWER LLC and INFUSE ENERGY LLC.  They both lowered their prices.

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

Energy ProvidersRate for 2000 kWh (¢/kWh)
GEXA ENERGY8.5
CLEANSKY ENERGY9.1
AP GAS & ELECTRIC (TX) LLC9.3
IBERDROLA TEXAS9.6
RHYTHM9.7
TRIEAGLE ENERGY LP10.4
GREEN MOUNTAIN ENERGY COMPANY10.6
TXU ENERGY13.2

 

GEXA ENERGY and TXU ENERGY took the lowest and highest price spots in this category, respectively.

Only 1 REP changed their price during the month of March by decreasing it and that is CLEANSKY ENERGY.

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

Energy ProvidersRate for 2000 kWh (¢/kWh)
GEXA ENERGY7.7
IBERDROLA TEXAS9.0
AP GAS & ELECTRIC (TX) LLC9.1
CLEANSKY ENERGY9.1
RHYTHM9.5
GREEN MOUNTAIN ENERGY COMPANY11.1

 

GEXA ENERGY and CLEANSKY ENERGY changed their rate by decreasing it. The other REPs kept a stable price during this period.  GEXA ENERGY offered the lowest price while GREEN MOUNTAIN ENERGY COMPANY offered the highest price.

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

Energy ProvidersRate for 2000 kWh (¢/kWh)
INFUSE ENERGY LLC10.6
GREEN MOUNTAIN ENERGY COMPANY13.9
AMBIT ENERGY16.7

 

Only INFUSE ENERGY LLC changed its rate and decreased it at the middle of the month of March (from 11 to 10.6 cents/kWh.). Regardless of the change, INFUSE ENERGY LLC offered the lowest price throughout the whole month. 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.