Champion Electric
ByChampion Energy
Affordable Texas Electricity for residential electric service consumers.
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Cheapest recommended residential Texas electric company listed below. Click on the buttons to continue. If you do not live in either Dallas or Houston you may still click on the button and enter your zip code to check rates in your area:
Champion Energy offers only one term for their residential electric plan, we currently recommend Startex Power over Champion Energy at this time. They have the cheapest electric rate and there is no monthly service fee. As of February 2009 their electric rate is 11.3 cents kWh with no monthly service fee and this is for 12 or 6 months fixed(as of Feb 23 2009). I have yet to see a better offer then this.
Since these electric rates have been published electric rates could come up across the board among all providers if the energy market makes a move up. Feb 2009 represents a fresh low in energy prices. If you would like to see the cheapest electric providers rates and terms of service in comparison to Champion Energy’s current electric rates you may click on the yellow gold boxes above. Enter your zip code and all available terms with Startex Power will come up at their lowest available prices. This is their promotional electric rate and you can sign up on this promotional offer using the promo box above. The promo code is built into the link so their will be no need to enter it as it will be filled in for you.
Startex Power 12 month Fixed Electric Rate
Since we wrote about this offer in February the Texas electric market could have gone up or down since then. Because of this the discount rate now could be higher or lower from what was offered in February 2009. Once you lock in to the electric rate it is fixed but Texas electric rates change quite frequently with the commodities market so it is important to lock in at the right time.
Texas Residential Electricity Explained
Residential electric companies competing in Texas have begun to offer several different electric rate products that are a mix match of both fixed terms and variable rates. What first looks to be like a great offer can come back to sting you later. The latest issue I have seen is with Texas Retail Electric Providers requesting that you sign a 12 month contract to be on their variable rate. The issue we have with this is that these energy companies are working with a base energy rate that they do little in the form of hedging. This means if the rate skyrockets they pass that issue on to you and you end up paying a really high bill one month when the variable market goes through the roof. To request that the customer sign a contract to a rate they have no guarantee on is a bit insulting to me. Most electric companies out there however will have you sign a 6, 12 month or longer contract for a fixed electric rate. There is absolutely nothing wrong with this as they have bought and hedged this energy at this term in order for you to buy it and insure that you pay that same rate the rest of the year. There is an actual service being performed here and a reason you need to sign a contract. If you were to break the contract early if perhaps energy rates went down and then signed up with a different electric company your previous electric company would be out of pocket for the difference in the rate they sold you and where the market is at now. Since they bought this electricity back when the market was higher they now have to sell it back at a lower price then they paid for it. They end up losing money on you leaving and going somewhere else. The variable market rate however is not hedged and is basically just an index price. The retail electric provider adds their adder onto the index price and that is their margin. They don’t hedge the energy but allow it to go up and down and sell it as a market rate with you carrying the risk. There is no reason to sign a contract on this type of rate as the risk is past on to the customer.
Learn more about Texas Electricity
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14 Comments
February 6th, 2008 at 4:37 pm
[...] Example of An Alternate Texas Residential Electric Provider To Compare With TXU: Champion Energy [...]
February 26th, 2008 at 4:26 pm
[...] Champion Energy has been offering a very good 12 month fixed rate electric contract at 11.1 cents a kWh with a [...]
February 26th, 2008 at 4:46 pm
[...] If you need a low cost residential electric rate in Del Rio Texas then I would suggest going with Champion Energy. Champion has had the lowest 12 month fixed rate term for some time now and I haven’t seen anything as good since last year when Spark Energy was advertising a comparable offer. You can sign up with Champion Energy’s promotional rate here: Champion Energy [...]
February 27th, 2008 at 3:04 pm
[...] Bid as well as the best 12 month rate on the top left hand corner of this page. Right now Champion Energy has the best residential electric rate in Arlington for the 12 month fixed rate [...]
April 6th, 2008 at 9:01 pm
[...] you like to use you can type in that company and it will give you just their rates. We recommend Champion Energy for fixed electric rates and Startex Power for variable electric rates. Both of these Texas [...]
May 17th, 2008 at 5:31 pm
[...] Energy would be to compare Startex Power with them in regards to Texas residential electricity. Champion Energy and Startex Electric has a lower month to month electric rate as well as lower 6 month and 12 month [...]
August 20th, 2008 at 2:12 pm
[...] those companies normally advertise. We worked out discount electric rates with these providers and Champion, Startex and Spark Energy have a high rating from the public utility commission of Texas in regards [...]
December 29th, 2008 at 1:41 pm
[...] you like to learn about other Energy providers? Spark Energy Champion Energy Ambit Energy Startex Power Affordable Energy Share and Enjoy: These icons link to social [...]
June 4th, 2009 at 11:14 am
[...] Energy Amigo Energy Champion Energy Stream Energy Share and [...]
June 29th, 2009 at 1:55 pm
[...] more about traditional Texas electric companies that do not operate as an MLM company: Champion Energy, Bounce Energy, Startex Power, Spark Energy, Green Mountain Energy and many more at Electricity [...]
July 22nd, 2009 at 4:27 pm
[...] [...]
July 31st, 2009 at 11:56 am
[...] they have one of the most lenient credit requirements. You can compare Green Mountain Energy with Champion Energy and Bounce Energy to help determine which renewable electricity rate is the cheapest. All providers [...]
August 7th, 2009 at 10:40 am
[...] have much higher electricity prices than some of the smaller but good electric companies. Right now Champion Energy and Startex Power are two reputable electricity providers in Texas offering very cheap fixed [...]
March 12th, 2010 at 12:07 pm
[...] electric provider in the bunch. The cheapest provider in Dallas that is a quality company is with Champion Energy. They are currently showing an electricity rate at 9.2 cents per kWh with a $4.95 monthly service [...]