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May 2021: What is the Electricity Market Trend for the AEP North Delivery Area? 

NEW this month! Our team is now analyzing rates using 1000 kWh instead of 2000 kWh as the estimated monthly consumption used for price comparison. We made this change because according to the U.S. Energy Information Administration (EIA), the residential average monthly consumption in Texas is 1140 kWh (in 2019).

We will spice things up this month by focusing on green energy. We will bring answers to a frequent question asked by our customers:

If I “go green” with my electricity plan, how would my bill be impacted?

Our team at EnergySavings.com is 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: MAY vs APRIL

AEP North Delivery Area– May 2021: Rates and Trends for Most Common Plans1

Fixed Rate (cents/kWh)
12mo Plans
Variable Rate (cents/kWh)
Apr May Trends Apr May Trends
Lowest   7.9 7.9 0% 7.8 7.2 -8%
Highest 11.8 11.8 0%  16.9 16.9 0%
Average 9.2 9.4 1% 10.2 10.0 -2%
Number of REPs 28 30 7% 12 12 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 a REP.

Concerning the number of REPs, the 7% increase for the fixed rate category is explained by PULSE POWER LLC and ENERGY TO GO joining the game in this TDU.

The fixed rate category is stable as only the average rate increased slightly (1%).

We observed more variation for the variable rate category: the lowest rate decreased by 8%. This is explained by SOUTHERN FEDERAL POWER LLC offering the lowest rate within these two months and decreasing its rate. A few other REPs changed their rates also, explaining the decrease in average rate by 2%.

AEP North Delivery Area – May 2021: Rates and Trends for Most Common 100% Green Plans1

100% green, Fixed Rate (cents/kWh)
12mo Plans
100% green, Variable Rate (cents/kWh)
Apr May Trends Apr May Trends
Lowest  8.3  8.3 0%  8.6  8.6 0%
Highest  13.9  13.9 0%  17.1  17.1 0%
Average  10.2  10.4 2%  13.3  13.3 0%
Number of REPs 8 10 25% 3 3 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 a REP.

Trends are stable in the 100% green category. The only fact to underline here is PULSE POWER LLC and ENERGY TO GO joining the game in this TDU as they both started to show offers in the 100% green category on the Power to Choose website in May 2021.

Green or not Green?

AEP North Delivery Area – May 2021: How fixed rates and variable rate plans compare? 2

Fixed Rate Plans, 12-mo

(cents/kWh)

Variable Rate Plans

(cents/kWh)

100% green Not green Difference 100% green Not green Difference
Lowest 8.3 7.9 5% 8.6 7.2 19%
Highest 13.9 11.8 18% 17.1 16.9 1%
Average rate 10.4 9.4 11% 13.3 10.0 33%
Number of REPs 10 30 -67% 3 12 -75%

2This table compares the lowest price offered by each REP that offered the respective type of plan. The “Highest” row above compares the highest of the lowest price offered by a REP.

Are you interested in a 100% green fixed rate plan? Relying on the average for the AEP North delivery area, you will pay 11% more than a regular (non-green) plan.  For someone using 1000 kWh, the lowest 100% green plan will cost them only about $4 more per month when compared to the non-green plan.    It’s a small cost to pay to do something good for the planet.

If you are interested in a variable rate plan that is 100% green, know that on average it will cost 33% more than a non-green fixed rate plan. If your monthly consumption is 1000 kWh and you choose the lowest rate, the 100% green product will impact your bill by approximately $14 per month.

Another way for you to go green for your energy consumption is by buying carbon offsets. Companies like Terrapass 3 offer you monthly subscriptions (based on your consumption / lifestyle) or even one-time payment plans to support carbon reduction projects.

3 Terrapass is an affiliate of IEG.

Enter your ZIP Code and compare electricity rates

Enter your ZIP Code and compare electricity rates

For business rate click here

LIST OF ENERGY PROVIDERS/ PRICES

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

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

Energy Providers Rate for 1000 kWh (¢/kWh)
FIRST CHOICE POWER 7.9
DIRECT ENERGY 8.0
WTU RETAIL ENERGY 8.0
FRONTIER UTILITIES 8.3
POWERNEXT 8.6
SPARK ENERGY LLC 8.6
AMIGO ENERGY 8.7
JUST ENERGY 8.7
TARA ENERGY 8.7
SOUTHWEST POWER & LIGHT 9.0
YEP 9.0
4CHANGE ENERGY 9.1
DISCOUNT POWER 9.1
CIRRO ENERGY 9.2
INFUSE ENERGY LLC 9.2
THINK ENERGY 9.2
VETERAN ENERGY 9.2
AP GAS & ELECTRIC (TX) LLC 9.3
WINDROSE ENERGY 9.3
V247 POWER CORPORATION 9.4
SUMMER ENERGY LLC 9.5
RELIANT 9.9
CHAMPION ENERGY SERVICES LLC 10.1
SOUTHERN FEDERAL POWER LLC 10.2
TRIEAGLE ENERGY LP 10.2
PULSE POWER LLC 10.3
TXU ENERGY 10.6
ENERGY TO GO 10.8
CONSTELLATION NEWENERGY INC 10.9
AMBIT ENERGY 11.8

 47% of those REPs changed their price. Most of them increased it. FIRST CHOICE POWER offered the lowest price while AMIBIT ENERGY offered the highest.

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

Energy Providers Rate for 1000 kWh (¢/kWh)
SOUTHERN FEDERAL POWER LLC 7.2
DIRECT ENERGY 8.0
FIRST CHOICE POWER 8.0
WTU RETAIL ENERGY 8.0
INFUSE ENERGY LLC 8.5
SOUTHWEST POWER & LIGHT 9.8
YEP 9.8
RELIANT 9.9
TEXPO ENERGY 10.0
NEC CO-OP ENERGY 11.8
TXU ENERGY 12.2
AMBIT ENERGY 16.9

SOUTHERN FEDERAL POWER LLC and AMBIT ENERGY offered the lowest and highest price, respectively. Among those 12 REPs, 7 changed their price during the month. We cannot determine a common trend as 3 increased their price and 4 decreased it.

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

Energy Providers Rate for 1000 kWh (¢/kWh)
GEXA ENERGY 8.3
CLEANSKY ENERGY 8.9
AP GAS & ELECTRIC (TX) LLC 9.5
IBERDROLA TEXAS 9.8
RHYTHM 10.4
GREEN MOUNTAIN ENERGY COMPANY 10.5
PULSE POWER LLC 10.7
TRIEAGLE ENERGY LP 10.7
ENERGY TO GO 11.2
TXU ENERGY 13.9

GEXA ENERGY and TXU ENERGY took the lowest and highest price spots in this category, respectively.
GEXA ENERGY increased its rate in May, while CLEANSKY ENERGY is the only REP that decreased its rates. All the other REPs from this table kept their price the same.

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 8.6
GREEN MOUNTAIN ENERGY COMPANY 14.1
AMBIT ENERGY 17.1

INFUSE ENERGY is the REP offering the lowest electricity rate here and AMBIT ENERGY offered the highest rate. All those REPs kept the same price during the month of May 2021.

* Data obtained from powertochoose.org (Power to Choose) for the days from 5/1/2021 to 5/31/2021. 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.