Jan 22 2008

Spark Energy is currently advertising several different electric rates at a mid price range in comparison to some of the other competitive Texas electric providers. They currently have a 12 month rate at 11.9 cents kWh with no monthly service charge. This is an ok electric rate although Startex Power and Champion Energy have lowered their 12 month term rates below Spark Energy’s prices. Startex Power has a slightly better 12 month rate for 11.7 cents kWh with no monthly service charge. This rate with Startex is a promotional rate and can be found here.

Champion Energy In Comparison To Startex

Champion Energy had the best overall 12 month rate at 11.1 cents kWh (as of Jan 22 2008) with a $4.95 monthly service fee. Even if you only use 1000 kWh of energy a month you will only be paying about 11.5 cents kWh if you add in the cost of the monthly customer service charge. If you use 2500 kWh the rate is 11.29 cents kWh for 12 months. Champion Energy by far has the very best electric rate among the low cost electric providers offering promotional discount offers. You can sign up with Champion’s promotional electric rate at their site below. The promo code is built into the link so you will not need to enter it.

Champion Energy Promotional 12 month electric rate.

Be sure to write down on your calendar 12 months from now to come back to this site to renew with the next lowest cost provider in Texas. We update the site frequently and try and always have the best electric rate going so you don’t miss out on an opportunity to stay with a low cost electric rate.

Those With No Credit History Or Bad Credit

If you are worried the electric company may try and ask for a deposit we have some suggestions on getting by with the cheapest deposit requirement. We have seen that Champion Energy generally has the cheapest deposit requirement if you have been hit with this request before. Champion usually asks for $200 - $250 deposit if they don’t like your credit. You may see this as a lot but TXU and Reliant mant times ask for a lot more then this. Spark Energy will some times waive the deposit requirement if you sign up for auto bill pay by credit card or bank account but not always. If they do need a deposit it may be for around $400 - $500 depending on what they think of your credit history. Startex Power is somewhere in the middle as far as what they come back asking for in regards to a deposit. The best thing you could do is try all 3 and see who has the lowest deposit or none at all. Sometimes you just have to pick the lowest deposit you can handle and build up that year of utility bills paid in full before you can get away with not needing to pay an electric company a deposit.