The volatility of Texas electric rates have been extreme enough to make someone in North Texas sea sick. Over the last 8 months prices have been on a slight, but steady, rise as fixed rates today are 11% higher than they were in June 2009. That might seem like bad news, however, consider that today’s prices are a whopping 49% lower than the all time high prices that were experienced in the summer of 2008.
Just 20 months ago a small or medium size business would be lucky to find a commercial electric rate for under 11 cents per KWh. Today, business electricity rates can easily be locked in for under $0.07 for a 12 month period. Texas residential electric rates can be locked in below $0.10 inlcuding delivery charges.
We’d like to ask our readers, what rate are you paying?
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What are people paying for electricity right now?