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 Posted:   Feb 13, 2014 - 9:24 PM   
 By:   dragon53   (Member)

Last week, my electricity provider offered me a renewal rate of 7.3 cents/kwh. However, since the offer came when a lot of the US is in record freezing temperatures which inflate the costs of natural gas, oil, etc., should I wait until the record freezing has passed and energy costs will be lower in hopes of getting a lower price/kwh?

In the past, I've gone with the provider that had the lowest rate and best consumer rating, but the record freezing has thrown a wrench into picking the time to get the lowest rate.

 
 
 Posted:   Feb 14, 2014 - 1:38 AM   
 By:   MusicMad   (Member)

... a renewal rate of 7.3 cents/kwh...

Here in the UK the price of energy has been a hot (!) topic for many years; its supply and price will only get worse.

Using a current FX rate of - say - USD 1.60 = GBP 1.00, your offered rate equates to 4.5625p/kwh.

Our current provider, British Gas (recently declared by the Government Minister to be making larger than expected margins on its supplies), offers several rates dependent upon whether the consumer wants to fix the price for a set period.

Its standard rate, presently, is 12.6p/kwh ... plus 26p/day standing charge.

Does your provider supply this side of the Atlantic? I think we Brits would bite the hand off of anyone offering us <5p/kwh smile

Mitch

 
 
 Posted:   Feb 14, 2014 - 6:18 AM   
 By:   eriknelson   (Member)

In Texas rates are much higher. Several years ago the state deregulated the electricity market promising that, due to competition among providers, our rates would surely fall. In fact the opposite happened. I have one of the better plans at 12.6¢/kwh.

 
 Posted:   Feb 14, 2014 - 3:43 PM   
 By:   Ron Hardcastle   (Member)

eriknelson: Re: Several years ago [Texas] deregulated the electricity market promising that, due to competition among providers, our rates would surely fall. Alas, that's quite typical of most deregulation, with the consumer usually getting the shaft while big business rakes in greater profits. But be patient: According to the "trickle down" theory, you'll recover those added costs elsewhere. Sure.

Wait. Better strike that. We don't want to run afoul of:

2) No political or religious discussion. There are countless places online to discuss religion and politics but only a few to discuss film music. Even in the non-film music discussion side of our board, we do not allow religious or political talk. We have found that such threads always (regardless of which “side” you are on) degenerate into fights and acrimony. Obviously there are topics that border on these areas; please use your judgment. If you want to discuss your favorite scores to religious films, that’s fine, just don’t use it to sermonize—and if somebody else does so, report it to us, and don’t take the bait. (These are sensitive topics; please respect that other people may not only have different views, but different sensibilities towards discussing them.)

 
 Posted:   Feb 15, 2014 - 6:06 AM   
 By:   Grecchus   (Member)

Electricity is spiraling in cost with every turn of the meter. It is now my single highest household utilities outlay. There was a time within living memory when the cost of powering an electric light-bulb was not an issue. Now you're not even allowed to have an electric light bulb.

 
 
 Posted:   Feb 17, 2014 - 12:13 PM   
 By:   fisch   (Member)

deleted

 
 
 Posted:   Feb 17, 2014 - 12:17 PM   
 By:   dragon53   (Member)

I just renewed my contract for 12 months at 7.2 cent/kwh. The provider had originally offered me 7.3 cents on February 7, but today it's increased to 7.8 cents. The customer rep I talked to said she would ask her supervisor if I could get the older/lower 7.3 rate instead. The supervisor then offered 7.2 cents instead of the 7.3 cents, so I came out a little better.
I also asked the rep if the rates might drop when the blizzard on the East coast stopped, and she said she doubted it---the rates have been rising steadily with no decreases.
The Texas state Power To choose website which offers comparison shopping gave me the lowest rates of 10.9 and 12.1 cents if I switched to another provider, so I decided to keep the same provider.

 
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