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Did Electricity Prices Go Up in October 2021 in the AEP North 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 North 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 9.2 9.2 0% 10.4 11.3 9%
Highest 15.8 15.8 0% 18.5 18.5 0%
Average 11.3 11.9 6% 12.4 13.0 5%
Number of REPs 32 28 -13% 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.

 

In the AEP North delivery area, ELIGO ENERGY TEXAS LLC, FIRST CHOICE POWER, V247 POWER CORPORATION and WTU RETAIL ENERGY are the 4 electricity providers in this deregulated area that were no longer showing offers on the Power to Choose website in October. PESO POWER also stopped showing a 12-month fixed rate plan but is still on the Power to Choose website as they are showing other kinds of plans. On the other hand, TRUE POWER joined the party this month. This provider was certified recently this year by the Public Utility Commission of Texas (PUCT) and just started to show offers on the Power to Choose website. Looking at the trends, the average pricing for the first category increased when comparing October to September: +6% for the average. This was caused by a few providers raising up their prices. We also captured increases for the variable rate category: the lowest rate increased by 9% and the average rate by 5% due to more than half of providers increasing their rates in October.

 

AEP North 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 10.0 10.9 9% 12.6 12.3 -2%
Highest 13.9 13.3 -4% 18.7 18.7 0%
Average 11.5 11.9 4% 15.5 15.5 0%
Number of REPs 8 7 -13% 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. 

First, let’s compare the number of providers showing offers. As we see in all the other delivery areas this month, AMPRA ENERGY did not show in the 100% green fixed rate, 12-month plans category in October. They were offering other kinds of plans, following the same strategy as their affiliate, PESO POWER, mentioned in the non-green category above. In the 100% green variable rate category, CHARIOT ENERGY is also here entering the game with a new plan. Then, looking at trends (September vs. October), we captured variation in this delivery area for the 100% green 12-month fixed rate plans as well as for the variable rate plan category. For the first one, +9% for the lowest, -4% for the highest (CHARIOT ENERGY decreased their price,) and +4% for the average. Regarding the second category, the lowest rate decreased by 2% explained by INFUSE ENERGY LLC decreasing their rate in October. 

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LIST OF ENERGY PROVIDERS/ PRICES

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

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

Energy Providers Rate for 1000 kWh (¢/kWh)
THINK ENERGY 9.2
4CHANGE ENERGY 10.3
VETERAN ENERGY 10.5
FRONTIER UTILITIES 10.8
WINDROSE ENERGY 11.0
DISCOUNT POWER 11.3
CIRRO ENERGY 11.4
AMIGO ENERGY 11.5
JUST ENERGY 11.5
TARA ENERGY 11.5
SOUTHWEST POWER & LIGHT 11.6
YEP 11.6
POWERNEXT 11.7
SOUTHERN FEDERAL POWER LLC 11.7
TRUE POWER 11.8
DIRECT ENERGY 11.9
RELIANT 12.1
CHAMPION ENERGY SERVICES LLC 12.2
INFUSE ENERGY LLC 12.3
SUMMER ENERGY LLC 12.3
RANCHERO POWER 12.4
SPARK ENERGY LLC 12.4
TRIEAGLE ENERGY LP 12.8
CONSTELLATION NEWENERGY INC 12.9
PULSE POWER LLC 12.9
TXU ENERGY 13.2
ENERGY TO GO 13.5
AMBIT ENERGY 15.8

In this month, 64% of these REPs changed their price. Most of them increased it; only 1 REP did the opposite: RANCHERO POWER. THINK ENERGY offered the lowest price while AMBIT ENERGY offered the highest.

 

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

Energy Providers Rate for 1000 kWh (¢/kWh)
SOUTHERN FEDERAL POWER LLC 11.3
RANCHERO POWER 11.4
RELIANT 11.4
SOUTHWEST POWER & LIGHT 12.1
YEP 12.1
INFUSE ENERGY LLC 12.2
TEXPO ENERGY 12.3
NEC CO-OP ENERGY 13.0
TXU ENERGY 15.2
AMBIT ENERGY 18.5

SOUTHERN FEDERAL POWER LLC and AMBIT ENERGY offered the lowest and highest price, respectively. Among these 10 REPs, 7 changed their price within the month of October and they all increased it except for INFUSE ENERGY LLC.

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

Energy Providers Rate for 1000 kWh (¢/kWh)
GEXA ENERGY 10.9
MP2 ENERGY TEXAS LLC 11.1
CLEANSKY ENERGY 11.7
GREEN MOUNTAIN ENERGY COMPANY 12.0
RHYTHM 12.2
CHARIOT ENERGY 12.3
TRIEAGLE ENERGY LP 13.3

GEXA ENERGY and TRIEAGLE ENERGY LP took the lowest and highest price spots in this category, respectively. Only two providers kept the same price during October: RHYTHM and TRIEAGLE ENERGY LP. CHARIOT ENERGY decreased it and all the others increased it.

October 2021: Lowest Electricity Prices in Abilene, Texas (or AEP North TDU area): 100% Green Variable Rate Plan:
(lowest to highest rate)

Energy Providers Rate for 1000 kWh (¢/kWh)
INFUSE ENERGY LLC 12.3
GREEN MOUNTAIN ENERGY COMPANY 15.4
CHARIOT ENERGY 15.5
AMBIT ENERGY 18.7

Only INFUSE ENERGY LLC decreased their price in October in this category.

* 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.