Power to Choose | Electric Price | Oncor Texas Mar 2021

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

AEP North
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.

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

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

Haven’t decided yet which category of plans best fits your needs? Consult our FAQ section.

 

Oncor 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.%
Lowest8.38.4-1.2%6.48.2-22.0%10.27.536.0%
Highest12.112.7-4.7%11.610.510.5%16.517.2-4.1%
Average9.49.4-0.4%9.29.2-0.4%11.69.818.5%
Number of REPs2835-20.0%2529-13.8%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.

Overall, the number of REPs offering plans in those 3 most common categories of plans decreased:

-20.0% for 12mo Fixed Rate Plans, -13.8% for 24mo Fixed Rate Plans, -18.2% for Variable Rate Plans.  While the reason may be different for each REP that stopped offering plans in March, we believe the underlying reason is most likely related to the financial impact caused by the weather crisis the state of Texas faced in February 2021.

We also noticed some “new players” in these categories of products on the Power to Choose website:

YEP is now offering fixed plan products while they were only offering variable rate plans last month. HERITAGE POWER LLC, FIRST CHOICE POWER and TEXPO ENERGY are REPs that also started to offer plans in these categories on the Power to Choose website in March.

Lowest rates of the popular 12mo-fixed rate plans didn’t vary a lot between those two months as apposed the two other popular products of this table. The 24mo-fixed rate category shows a big variation of its lowest rate as it decreased by 22%. The variable rate category is also showing a significant change with a lowest rate that increased by 36%.

When we look at the highest rates captured, there is not a global trend to these 3 categories of plans:

The 12mo-fixed rate category decreased by 4.7% while the 24mo-fixed rate category increased by 10.5% and the variable rate category decreased by 4.1%.

Concerning the average rates, the two fixed rate plan categories showed a slight decrease (-0.4% for the 12mo-fixed rate and 24mo-fixed rate.) In contrast, the variable rate category showed a bigger increase (+18.5%).

Oncor 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.%
Lowest 8.9 8.54.7% 8.6 8.60.0% 10.7 7.837.2%
Highest 13.8 11.025.5% 11.1 11.10.0% 16.7 17.4-4.0%
Average 10.1 9.74.0% 9.5 9.7-1.4% 13.8 11.520.1%
Number of REPs1218-33.3%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.

For the 100% green products, we observe the same trend concerning the number of players. The number of REPs offering plans on the Power to Choose website decreased for every product category.

Here is a list of the new REPs in those plan categories:

TXU ENERGY started to offer 100% green 12mo-fixed rate plans in March. They were only offering plans with 6% renewable content before.

CLEANSKY ENERGY started to show 100% green 24mo-fixed rate plans this month, they were only offering shorter contract lengths before.

MP2 ENERGY TEXAS LLC started to offer plans on the Power to Choose website in March.

The 100 % green 12mo-fixed rate plans category has experienced a rise in its rates compared to February. The lowest rate increased by 4.7%, the highest by 25.5% and the average by 4.0%.

The 100 % green 24mo-fixed rate plans category was stable compared to the 12-month plan. The lowest and highest rate did not change (although not offered by the same REP) and the average rate slightly decreased by 1.4%.

The 100 % green variable rate category is showing an increase of 37.2% of its lowest rate compared to the previous month. This increase in price may be attributed to lower competitiveness in this category due to two of the REP’s offering lower prices in February no longer offering a 100% green variable plan.

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

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

Energy ProvidersRate for 2000 kWh (¢/kWh)
DISCOUNT POWER8.3
CIRRO ENERGY8.4
SPARK ENERGY LLC8.6
SOUTHWEST POWER & LIGHT8.7
YEP8.7
HERITAGE POWER LLC8.8
V247 POWER CORPORATION8.8
FRONTIER UTILITIES8.9
INFUSE ENERGY LLC8.9
WINDROSE ENERGY8.9
GRIDPLUS ENERGY9.0
VARSITY ENERGY LLC9.0
POWERNEXT9.1
SOUTHERN FEDERAL POWER LLC9.2
EXPRESS ENERGY9.4
RELIANT9.4
SUMMER ENERGY LLC9.4
4CHANGE ENERGY9.6
AMIGO ENERGY9.6
JUST ENERGY9.6
TARA ENERGY9.6
VETERAN ENERGY9.7
AP GAS & ELECTRIC (TX) LLC9.8
THINK ENERGY9.8
CHAMPION ENERGY SERVICES LLC9.9
TRIEAGLE ENERGY LP10.5
TXU ENERGY10.5
AMBIT ENERGY12.1

 

DISCOUNT POWER offered the lowest rate of this category of plans. This REP offered only fixed rate plans from 12 to 36-month contract lengths. The highest rate was offered by AMBIT ENERGY. This REP offered a 12mo-fixed rate contract and variable rate plan on the Power to Choose website.

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

Energy ProvidersRate for 2000 kWh (¢/kWh)
CHAMPION ENERGY SERVICES LLC6.4
FIRST CHOICE POWER8.2
DISCOUNT POWER8.4
FRONTIER UTILITIES8.6
INFUSE ENERGY LLC8.6
HERITAGE POWER LLC8.7
V247 POWER CORPORATION8.7
SOUTHWEST POWER & LIGHT8.9
WINDROSE ENERGY8.9
YEP8.9
SOUTHERN FEDERAL POWER LLC9.0
TEXPO ENERGY9.1
EXPRESS ENERGY9.3
SUMMER ENERGY LLC9.3
RELIANT9.4
4CHANGE ENERGY9.5
AMIGO ENERGY9.5
AP GAS & ELECTRIC (TX) LLC9.5
JUST ENERGY9.5
TARA ENERGY9.5
VETERAN ENERGY9.6
GRIDPLUS ENERGY9.7
THINK ENERGY9.9
TXU ENERGY10.1
CIRRO ENERGY11.6

 

CHAMPION ENERGY SERVICES LLC is showing the lowest rate. They offered fixed rate plans from 12 to 24-month contracts as well as 100 % green fixed rate plans. CIRRO ENERGY offered the highest rate here. This REP had 12 to 36-month length plans.

Lowest Electricity Prices in Dallas (or Oncor TDU area): Variable Rate Plans
(lowest to highest rate)

Energy ProvidersRate for 2000 kWh (¢/kWh)
RELIANT10.2
INFUSE ENERGY LLC10.6
SOUTHERN FEDERAL POWER LLC10.6
SOUTHWEST POWER & LIGHT10.8
YEP10.8
TEXPO ENERGY11.0
NEC CO-OP ENERGY11.7
TXU ENERGY11.9
AMBIT ENERGY16.5

 

RELIANT is showing the lowest rate in this table. They also offered fixed rate plans with  9 to 24-month contract durations. AMBIT ENERGY offered the highest rate.

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

Energy ProvidersRate for 2000 kWh (¢/kWh)
GEXA ENERGY8.9
MP2 ENERGY TEXAS LLC9.0
CLEANSKY ENERGY9.3
VARSITY ENERGY LLC9.4
GREEN MOUNTAIN ENERGY COMPANY9.7
4CHANGE ENERGY9.8
RHYTHM9.9
AP GAS & ELECTRIC (TX) LLC10.0
IBERDROLA TEXAS10.0
CHAMPION ENERGY SERVICES LLC10.3
TRIEAGLE ENERGY LP11.0
TXU ENERGY13.8

 

GEXA ENERGY shows the lowest rate here. They also offered 100% green 3 to 24mo-fixed rate plans. TXU ENERGY is showing the highest rate, and they also offer other plans on Power to Choose website: variable or fixed rate, 100 % green or not, from 0 to 36-month contract length.

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

Energy ProvidersRate for 2000 kWh (¢/kWh)
GEXA ENERGY8.6
MP2 ENERGY TEXAS LLC8.8
CLEANSKY ENERGY9.3
IBERDROLA TEXAS9.4
AP GAS & ELECTRIC (TX) LLC9.7
RHYTHM9.8
GREEN MOUNTAIN ENERGY COMPANY11.1

 

GEXA ENERGY also offered the lowest rate for the 100% green 24mo-fixed rate plan. GREEN MOUNTAIN ENERGY COMPANY  offered the highest one, this REP also offered 100% green 12mo-fixed rate plans as well as 100% green variable rate plans.

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

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

 

INFUSE ENERGY LLC is showing the lowest rate of this plan’s category. They also offered some non-100% green plans: Fixed rate from 3 to 26-month contract lengths and variable rate plans. AMBIT ENERGY is showing the highest rate of this category.

* 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.