Electricity Guy made yet another switch effective 1 March. My choice was Amigo Energy's 6 month fixed plan at 8.2 cents per kWh for 1000 kWhs usage. The plan remains available today.
The Facts Label (EFL) stipulated the average rate to be 8.5 for 500 and 8.0 for 2000 kWhs. This tiering was considered least harmful. A $6.95 monthly service charge assessed for any month with usage below 500 kWhs accounts for the 8.5 rate. I usually experience two months at that usage level.
The plan requires online sign-up, electronic billing and auto-pay. At the time of sign-up, this was low market for the 6 month plan for my service area. I advocate buying lowest cost and choosing the right terms.
These disclosures are a part of the new policy of this blog to name names.
2 comments:
Good luck with your new deal, Electricity Guy. Do you think it would be useful if electric companies also were required to offer standard offers? That way you could make apples-to-apples comparisons when you shop for electricity. I hear that Sen. Wendy Davis and Rep. Sylvester Turner have filed bills in Austin that would establish standard deals.
SB948, filed by Senator Davis was addressed in posting dated 2 Mar. The provision of a standardized rate plan mandatory for all REPs to price and offer would perhaps be the end to all the 'Mickey Mouse' gimmicks.
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