Electricity prices in Houston and its surrounding cities have dropped to low levels. When Houston residences compare electric companies they can find fixed electric rates under 10 cents per kilowatt hour for up to twelve months or even lower electric rates for shorter terms.
Houston commercial electric rates are in the six cent per kilowatt hour range for one year terms. Just two years ago many commercial electricity customers were signing fixed electric rate contracts above 10 cents. Though current longer term contracts (24 and above) are a little higher than short term (12 months and under) rates, many businesses are signing longer term electricity contracts in order to protect themselves from the potential of rising electricity costs in the coming years.
The electricity market is unpredictable causing many commercial electricity customers to want to limit their risks by locking in the lowest electric rate they can for the longest period of time. The alternative can be seeing their electric bills double in a very short time period.
Residential electric customers in Houston are taking the same strategy signing fixed electric rates for as long as electricity companies will allow, which is usually 24 months.
Here are the lowest electric rate offers that we found in the Houston area:
Centerpoint area -
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