January 2019 Energy News

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Why are electricity rates in Texas high right now?

This chart shows actual energy rates for North Texas over the past 3 years.

What’s the reason electricity rates are higher in 2019? There are  four main factors among others that affect our Texas Electricity Rates:

  1. Supply of electricity
  2. Demand
  3. These are influenced by weather and
  4. predictions from ERCOT the Texas wide utility system.
2016, 2017, 2018 Fixed Electricity Prices

The first factor, Supply, was dramatically affected recently when 3 coal plants shut down that made up almost 5% of Texas’ steady fixed generation that was available to buy into the future. We say steady because not all future generation is certain. Wind and solar are not as reliable to fix rates by into the future because their output is dependent on weather conditions. So having power plants shut down that provided solid fix generation makes the fixed future price of electricity go up. Those Autumn 2017 closures caused ramifications that carried over into the spike you see in 2018 on this graph.

Secondly, demand is increasing because Texas is gaining thousands of new residents and hundreds of new businesses each year! Despite energy-efficiency upgrades lowering demand (like LED lights, energy star appliances, energy efficient new homes, etc.) the sheer mass of people moving to Texas is increasing demand year-over-year.

Thirdly, Weather  is predicted seasonally by the federal government’s Seasonal Outlook. If a warm summer or a cold winter is predicted, futures prices usually go up a bit.

Fourthy, the Texas wide ERCOT system publishes a Seasonal Assessment of Resource Adequacy (SARA). The report gives predictions that weigh heavy on the speculations for the future and typically will raise or lower electricity prices. The March 2018 report predicted a large Demand for the summer of 2018 which caused most of the fixed generation to be bought up by June 2018! Electricity providers were saying about the high rates “supply is just really short right now.”

The market dip in August was thought by many to end the higher priced season of 2018, but we have still had shorter supply for the past several months. Even though this Winter’s SARA shows no bullish signs, the market has not gone back to offering of 4 cent rates. Rather average rates are now around 5-6 cents.

Can we predict where the rates will go over the next few months? No, and we shouldn’t make bold assertions. But we will say that the 4 indicators do show low supply, high demand, and a good deal of bullish speculation for Summer 2019. So it is looking like the market will stay up for a while.  If this year turns out to be like 2018, then electricity rates would go up and up until the middle of summer. In that case January and February may be the best months to fix your 2019 rate.

Please Contact Us if we can help!!

 

A Brief Promotion for Wholesale Index Rates

Many people do not know that buying today’s electricity instead of long term fixed rates is  an available option! There is actually a whole different kind energy price that is not fixed, but follows more along the lines of how we buy gasoline at the pump. You actually can pay for today’s electricity at today’s rate! These are rates called index plans or wholesale plans. Wholesale Index Plans simply pass through whatever today’s wholesale rate is and include a typically small fee to pay the provider. The provider fee (also called an “adder”) is to cover the cost for them to send you a bill, provide customer service, and manage your account in ERCOT.  Wholesale index plans have been the lowest priced plans since the beginning of deregulation in Texas! Occasionally, they do rise above a fixed rate but the per year average spent on electricity has remained consistently less than fixed rates. Don’t believe it? See our chart below of actual prices for the past 6 years! We highly recommend index rates in days of Uncertain fixed-price markets if you can afford an occasional price spike.

North Texas Electricity Prices

What’s Up with Energy Prices? – June 2018

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This spring Texas has seen gas prices rise at the pump and kWh prices rise on energy bills. The talk has been “energy markets are going to go up!” Is that so? Maybe. But maybe not.

The chart below shows the price changes of the three commodities oil, natural gas (NG) and North Texas electricity. From the price correlations that seem apparent, one might assume that North Texas fixed electricity (orange line) and oil prices (gray line) are related. Also, that North Texas spot electricity (blue line) and NG prices (yellow line) are related. The latter is true. The former not so much.

The majority of Texas’ electricity is generated by NG fired power plants which makes NG spot prices somewhat indicative of spot electricity prices here in North Texas. But oil prices depend on international supply and demand and on geopolitical factors while North Texas fixed electricity prices largely depend on the supply and demand of local Texas power plants. Both oil and fixed electricity are influenced by market fear and opportunism. But the correlation is otherwise coincidental.

The real reason fixed electricity prices are higher this year in Texas is that three outdated power plants were recently shut down and local Texas generation supplies are currently short for fixing an electricity rate through the summer of 2018.

Are electricity prices going to go up? Probably yes until it is determined how hot 2018’s summer will be. But thereafter, higher prices are not certain. Have you got an electricity plan expiring before the summer? It may be a good time to talk to an energy professional about fixing a shorter plan or trying a plan based on NG or the spot index of electricity.

Are the energy markets of NG and oil going to go up? What is important to recognize is that they are two separate markets. NG doesn’t show much movement aside from weather factors, and the lower 48 states still have at least a 100 year supply. Consequently, we may not see much other NG movement anytime soon. But regarding the volatile, geopolitical commodity of oil barrels; I’ll defer to Warren Buffet who said: “We haven’t the faintest idea what the long-term price of oil will be.”

 

March 2018 Online kWh Pricing

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Quote Prepared for:    Any Business in Oncor North Territory

Start Date:                   March 2018 Immediate Start            

Call us Now at  972.854.6049

Email us  at Info@TransparentEQ.com

Pricing Chart*03 Months Fixed12 Months Fixed15 Months Fixed24 Months Fixed36 Months Fixed48 Months Fixed60 Months Fixed
Transparent Energy Provider 3.996.26.55.75.55.25.2
Transparent Energy Provider with no deposits for low energy usage businesses5.96.96.96.96.96.96.9
Transparent Energy Provider Month to month with no cancellation fees6.9
*Rates are valid and apply only to the North Texas region where Oncor is the TDU. Pricing May Expire Daily. Prices are quoted in cents/kWh. All plans have no extra charges for Nodal (ie priced at the Load Zone or Nodal Basis Charges included in all rates). All plans have no extra charges for usage variance (ie 100% swing/bandwidth allowance). Oncor/TDU Delivery Charges are not included in quoted kWh rates. Even lower pricing and many more options may be available through requesting a free personalized quote via PDF here or DocuSign here

 

Please let us know if we may send you a contract for any of these plans by emailing us at info@transparenteq.com

 

  • All of our Providers are reliable American Energy Companies that are vetted by our firm, have a high standard of Customer Service, and have no hidden fees.
  • All of these plans come with our guarantee that everything will be handled correctly with your account.
  • All of these plans come with our firm as an extra advocate that can handle any issues that may arise.

 

Thank you for the opportunity to be of service!

 

Transparent Energy LLC

530 S Carrier Parkway, Suite 303, Grand Prairie TX 75051

Office: 972.854.6049  Fax: 972.854.6149

Feb 2018 Online kWh Pricing

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Transparent Energy Quote Header Pic

Quote Prepared for:    Any Business

Service Address:        Oncor North Territory

Date:                             February 2018

Start Date:                   Immediate Start

Call us Now at  972.854.6049

Email us  at Info@TransparentEQ.com

Pricing Chart*04 Months Fixed12 Months Fixed16 Months Fixed24 Months Fixed36 Months Fixed48 Months Fixed60 Months Fixed
Transparent Energy Provider 3.7014.9874.7004.8474.7524.6584.548
Transparent Energy Provider with no deposits for low energy usage businesses4.94.94.94.94.94.94.9
Transparent Energy Provider Month to month with no cancellation fees6.8
*Rates are valid and apply only to the North Texas region where Oncor is the TDU. Pricing May Expire Daily. Prices are quoted in cents/kWh. All plans have no extra charges for Nodal (ie priced at the Load Zone or Nodal Basis Charges included in all rates). All plans have no extra charges for usage variance (ie 100% swing/bandwidth allowance). Oncor/TDU Delivery Charges are not included in quoted kWh rates. Even lower pricing and many more options may be available through requesting a free personalized quote via PDF here or DocuSign here

 

Please let us know if we may send you a contract for any of these plans by emailing us at info@transparenteq.com

 

  • All of our Providers are reliable American Energy Companies that are vetted by our firm, have a high standard of Customer Service, and have no hidden fees.
  • All of these plans come with our guarantee that everything will be handled correctly with your account.
  • All of these plans come with our firm as an extra advocate that can handle any issues that may arise.

 

Thank you for the opportunity to be of service!

 

Transparent Energy LLC

530 S Carrier Parkway, Suite 303, Grand Prairie TX 75051

Office: 972.854.6049  Fax: 972.854.6149

Jan 2018 Online kWh Pricing

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Transparent Energy Quote Header Pic

Quote Prepared for:    Any Business

Service Address:        Oncor North Territory

Date:                            January 2018

Start Date:                   Immediate Start

Call us Now at  972.854.6049

Email us  at Info@TransparentEQ.com

Pricing Chart*06 Months Fixed12 Months Fixed18 Months Fixed24 Months Fixed36 Months Fixed48 Months Fixed60 Months Fixed
Transparent Energy Provider 3.884.654.354.574.544.54.5
Transparent Energy Provider with no deposits for low energy usage businesses4.94.94.94.94.94.94.9
Transparent Energy Provider Month to month with no cancellation fees6.8
*Rates are valid and apply only to the North Texas region where Oncor is the TDU. Pricing May Expire Daily. Prices are quoted in cents/kWh. All plans have no extra charges for Nodal (ie priced at the Load Zone or Nodal Basis Charges included in all rates). All plans have no extra charges for usage variance (ie 100% swing/bandwidth allowance). Oncor/TDU Delivery Charges are not included in quoted kWh rates. Even lower pricing and many more options may be available through requesting a free personalized quote via PDF here or DocuSign here

 

Please let us know if we may send you a contract for any of these plans by emailing us at info@transparenteq.com

 

  • All of our Providers are reliable American Energy Companies that are vetted by our firm, have a high standard of Customer Service, and have no hidden fees.
  • All of these plans come with our guarantee that everything will be handled correctly with your account.
  • All of these plans come with our firm as an extra advocate that can handle any issues that may arise.

 

Thank you for the opportunity to be of service!

 

Transparent Energy LLC

530 S Carrier Parkway, Suite 303, Grand Prairie TX 75051

Office: 972.854.6049  Fax: 972.854.6149

Dec 2017 Online Kwh Pricing

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Transparent Energy Quote Header Pic

Quote Prepared for:    Any Business

Service Address:        Oncor North Territory

Date:                            December 2017

Start Date:                   Immediate Start

Call us Now at  972.854.6049

Email us  at Info@TransparentEQ.com

Pricing Chart*06 Months Fixed12 Months Fixed18 Months Fixed24 Months Fixed36 Months Fixed48 Months Fixed60 Months Fixed
Transparent Energy Provider 3.5344.5454.254.4934.4384.3864.395
Transparent Energy Provider with no deposits for low energy usage businesses4.94.94.94.94.94.94.9
Transparent Energy Provider Month to month with no cancellation fees6.8
*Rates are valid and apply only to the North Texas region where Oncor is the TDU. Pricing May Expire Daily. Prices are quoted in cents/kWh. All plans have no extra charges for Nodal (ie priced at the Load Zone or Nodal Basis Charges included in all rates). All plans have no extra charges for usage variance (ie 100% swing/bandwidth allowance). Oncor/TDU Delivery Charges are not included in quoted kWh rates. Even lower pricing and many more options may be available through requesting a free personalized quote via PDF here or DocuSign here

 

Please let us know if we may send you a contract for any of these plans by emailing us at info@transparenteq.com

 

  • All of our Providers are reliable American Energy Companies that are vetted by our firm, have a high standard of Customer Service, and have no hidden fees.
  • All of these plans come with our guarantee that everything will be handled correctly with your account.
  • All of these plans come with our firm as an extra advocate that can handle any issues that may arise.

 

Thank you for the opportunity to be of service!

 

Transparent Energy LLC

530 S Carrier Parkway, Suite 303, Grand Prairie TX 75051

Office: 972.854.6049  Fax: 972.854.6149

A New Name!

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We officially are Transparent Energy LLC!

Why the new name? Well the name Transparent Energy was unavailable in Texas and at the USPTO until last year! Now it’s ours! We feel 3 less syllables and the flexibility the new name brings is invaluable. Besides, several of our clients have mistakenly called us Transparent Energy anyway.

We still can also do business as Transparent Electricity Quotes and our core competency remains the same, but we hope you enjoy our new website and the new ease of referring to us as Transparent Energy!

 

A Refreshing Approach

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Transparent Energy is a company about what’s best for you, the consumer who actually has to pay the light bill every month.

We’ve been asked many questions over the years like: “Why didn’t you make them agree to exclusively use you?” “Why didn’t you just add a little pressure to the sale to get them to sign?” “Do you really offer so many options?” “Why don’t you close the deal now (while waiting is often in the client’s best interest)?” Our answer is the same every time, we relentlessly pursue kindness and what’s honestly best for our clients.

We’ve also been told by energy industry professionals: “You are really good to your clients.” “You are the real deal in the industry.” “You do every one of your clients a favor by helping them.”

Would you allow us to help you? There is no cost, no obligation, and no catch.