New this month! We analyzed indexed products offers on the Power to Choose website. These products are not the most common ones and we captured some variations in the number of offers and REPs offering such products.
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.
TRENDS: AUGUST vs JULY
TNMP Delivery Area – August 2021: Rates and Trends for Most Common Plans (non-green)1
| Fixed Rate (cents/kWh) 12mo Plans |
Variable Rate (cents/kWh) | |||||
| July | August | Trends | July | August | Trends | |
| Lowest | 10.3 | 10.3 |  0% |
9.4 | 9.7 |  3% |
| Highest | 14.0 | 14.0 | 0% |
17.5 | 17.5 | 0% |
| Average | 12.0 | 12.1 | 1% |
13.2 | 12.6 |  -5% |
| Number of REPs | 28 | 29 | 4% |
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.
The non-green category has a new player in the first category in August: PESO POWER. Certified less than a year ago, this energy provider has been offering other fixed price products on the Power to Choose website but is offering a 12-month contract length for the first time in August. Regarding trends for the first category of plans, we captured that the market was stable during these two summer months (+1% for the average rate). The second category, variable rate plans, was stable in the number of providers and had slight price variations: +3% for the lowest rate category and -5% for the average rate.
TNMP Delivery Area – August 2021: Rates and Trends for Most Common 100% Green Plans1
| 100 % green, Fixed Rate (cents/kWh) 12mo Plans |
100 % green, Variable Rate (cents/kWh) | |||||
| July | August | Trends | July | August | Trends | |
| Lowest | 10.9 | 11.0 | 1% |
13.8 | 13.6 | -1% |
| Highest | 13.9 | 13.9 | 0% |
17.7 | 17.7 | 0% |
| Average | 12.1 | 12.3 | 2% |
15.6 | 15.5 | 0% |
| Number of REPs | 9 | 10 | 11% |
3 | 3 | 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.
Not much change was observed regarding the 100% green category.
First of all, regarding the 100% green, fixed rate 12-months plans, there is a new player – AMPRA ENERGY. This provider is part of the same group as the new REP in the table above (see certification from Public Utility Commission of Texas). This REP was offering 100% green plans before but with a shorter term. It looks like this company is joining the 12-month contract family! This category lost a player in July (see article for the month of July) but is now back to the same number of REPs thanks to this addition. The trends did not show significant variation: only a 1% increase for the lowest rate and 2% for the average, explained by 4 providers changing their rates slightly in August.
Second, let’s have a look at the 100% green, variable rate team: the number of providers is stable. We only captured a slight decrease in the lowest rate explained by INFUSE ENERGY LLC decreasing their price in August.
INDEXED RATE PLANS
- What is an indexed rate for electricity plan? It is the least common rate you may find on Power to Choose. Basically, your electricity price can vary substantially every month: the rate can increase or decrease.
- How is the rate calculated for an indexed rate plan? The price is directly tied to a pricing formula connected to a publicly available index such as ERCOT’s wholesale price of electricity, or NYMEX gas prices.
- What are the characteristics of an indexed rate electricity plan? When the contract term is fixed (commonly 6, 12, 18, 24 or 36 months), there’s usually a termination fee. In other cases, indexed rate products may be month-to-month and not have a termination fee.
You must consult the Energy Facts Label (EFL), Terms of Service (TOS), and Your Rights as a Customer (YRAC) of the plan you are interested in to make sure you understand those aspects as they may vary from one plan to another. To find out more about each kind of rate, consult this article or if you haven’t decided which kind of plan is the best for you, read our FAQ.
Overview of Indexed rate plans offered in 2021 in the TNMP delivery area2:
| Energy Providers | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
| CHARIOT ENERGY | 5 | 5 | 0 | 0 | 0 | 0 | 0 | 0 |
| GRIDDY ENERGY LLC | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| RELIANT | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 1 |
| VOLT ELECTRICITY PROVIDER LP | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 8 | 0 | 0 | 1 | 1 | 1 | 1 |
2This table shows providers that offered indexed rate plans since the beginning of 2021. The numbers show how many indexed plans the provider offered within the month. When no indexed plan was offered at all, we indicate it with a “0” in the table. When a plan is offered in both English and Spanish, we only counted this plan as one.
Offers decreased dramatically since the beginning of the year.
In terms of the number of offers, we captured 8 plans offered at the beginning of the year versus only 1 last month (August 2021). After two months with no indexed offers at all on Power to Choose (March and April), the number of indexed plans offered went brutally down in May 2021 (from 8 to 1 plan). We can correlate this decrease with the winter storm that shook the entire industry mid-February. Our article here details how the most common plans were impacted by this storm.
Now, looking at the players in this niche market, all but one threw in the towel after the storm.
CHARIOT ENERGY, GRIDDY ENERGY LLC, RELIANT and VOLT ELECTRICITY PROVIDER LP were all offering indexed rate plans on the Power to Choose website at the beginning of the year. All but RELIANT stopped showing offers in May. Again here, we can assume that the storm is the reason for those losses. The 3 providers that stopped showing offers in May 2021 are no longer actively selling retail electricity plans in TX (observed on 9/10/2021) .
RELIANT has been offering the same plan since January called “Reliant PowerTracker”. As this is a month-to-month contract, there is no cancellation fee, and their price formula uses the NYMEX natural gas futures contract. According to their special terms on Power to Choose, you can expect to see a price change on the 15th of every month.
NYMEX or New York Mercantile Exchange is an exchange where tradable commodities (such as contracts on natural gas) are bought and sold. NYMEX is an independent agency of the United States government and is regulated by the Commodity Futures Trading Commission. (Learn more about NYMEX.)
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LIST OF ENERGY PROVIDERS/ PRICES
TNMP Delivery Area – August 2021: List of Lowest Reported EFL Prices for an estimated 1000 kWh’s*
August 2021: Lowest Electricity Prices in Lewisville, Texas (or TNMP TDU area): Non-100% Green 12mo-Fixed Rate Plans:
(lowest to highest rate)
| Energy Providers | Rate for 1000 kWh (¢/kWh) |
| THINK ENERGY | 10.3 |
| SPARK ENERGY LLC | 10.5 |
| FRONTIER UTILITIES | 10.8 |
| 4CHANGE ENERGY | 11.4 |
| DISCOUNT POWER | 11.4 |
| SOUTHWEST POWER & LIGHT | 11.4 |
| WINDROSE ENERGY | 11.4 |
| YEP | 11.4 |
| CIRRO ENERGY | 11.5 |
| FIRST CHOICE POWER | 11.5 |
| VETERAN ENERGY | 11.5 |
| POWERNEXT | 11.7 |
| DIRECT ENERGY | 11.8 |
| AMIGO ENERGY | 12.1 |
| INFUSE ENERGY LLC | 12.1 |
| PESO POWER | 12.2 |
| TRIEAGLE ENERGY LP | 12.2 |
| RELIANT | 12.5 |
| SUMMER ENERGY LLC | 12.6 |
| JUST ENERGY | 12.8 |
| RANCHERO POWER | 12.8 |
| TARA ENERGY | 12.8 |
| PULSE POWER LLC | 12.9 |
| SOUTHERN FEDERAL POWER LLC | 12.9 |
| CHAMPION ENERGY SERVICES LLC | 13.1 |
| CONSTELLATION NEWENERGY INC | 13.4 |
| TXU ENERGY | 13.4 |
| ENERGY TO GO | 13.5 |
| AMBIT ENERGY | 14.0 |
THINK ENERGY offered the lowest rate while AMBIT ENERGY offered the highest in this category in August. 52% of REPs from this table changed their price. We can’t draw a common trend as 9 REPs increased their price while 5 decreased it. PULSE POWER LLC decreased their rate at the beginning of the month but went back to their original price at the middle of the month.
August 2021: Lowest Electricity Prices in Lewisville, Texas (or TNMP TDU area): Non-100% Green Variable Rate Plans:
(lowest to highest rate)
| Energy Providers | Rate for 1000 kWh (¢/kWh) |
| SOUTHERN FEDERAL POWER LLC | 9.7 |
| RANCHERO POWER | 11.4 |
| SOUTHWEST POWER & LIGHT | 11.4 |
| YEP | 11.4 |
| RELIANT | 11.5 |
| TEXPO ENERGY | 11.6 |
| NEC CO-OP ENERGY | 13.2 |
| INFUSE ENERGY LLC | 13.5 |
| TXU ENERGY | 14.8 |
| AMBIT ENERGY | 17.5 |
In this category of plans, we captured a trend: 6 out of 10 REPs decreased their rates. AMBIT ENERGY offered the highest rate while SOUTHERN FEDERAL POWER offered the lowest one.
August 2021: Lowest Electricity Prices in Lewisville, Texas (or TNMP TDU area): 100% Green 12mo-Fixed Rate Plans:
(lowest to highest rate)
| Energy Providers | Rate for 1000 kWh (¢/kWh) |
| GEXA ENERGY | 11.0 |
| CLEANSKY ENERGY | 11.3 |
| OCTOPUS ENERGY | 11.4 |
| MP2 ENERGY TEXAS LLC | 11.7 |
| RHYTHM | 12.3 |
| GREEN MOUNTAIN ENERGY COMPANY | 12.4 |
| TRIEAGLE ENERGY LP | 12.7 |
| AMPRA ENERGY | 12.8 |
| PULSE POWER LLC | 13.4 |
| ENERGY TO GO | 13.9 |
GEXA ENERGY offered the lowest price in August while ENERGY TO GO offered the highest price. Half of them changed their price during August but only one increased it: TRIEAGLE ENERGY LP.
August 2021: Lowest Electricity Prices in Lewisville, Texas (or TNMP TDU area): 100% Green Variable Rate Plans:
(lowest to highest rate)
| Energy Providers | Rate for 1000 kWh (¢/kWh) |
| INFUSE ENERGY LLC | 13.6 |
| GREEN MOUNTAIN ENERGY COMPANY | 15.3 |
| AMBIT ENERGY | 17.7 |
As we see pretty much every month in this category, INFUSE ENERGY LLC had the lowest rate of this category. They are also the only REP that decreased their electricity price during the month.
*Data obtained from powertochoose.org (Power to Choose) for the days from 8/1/2021 to 8/31/2021. 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.