YEP is a new electric company in Texas that has several energy professionals that have experience working in the Texas electric and natural gas market for several years. YEP is a licensed retail electric provider in Texas however they are a new company and there is not a lot of information available about the company. From the comments posted by YEP customers at the bottom of this article it is complained that YEP tags on additional charges in the form of TDSP pass through charges that are not initially disclosed in their advertising. Normally TDSP charges are already bundled into an all in rate when initially advertised as you would see if browsing on the power to choose website or this website. Apparently from the statements of YEP’s customers, YEP advertises a rate that does not include pole and wires charges and then when they get their bill those additional charges are added into the rate. In Texas most residential fixed electric rates bundle their TDSP charges in with the energy only charges to quote an all in rate. These all in rates are the norm in the Texas Residential electric service market and make residential electric rate comparisons a breeze for customers shopping rates. When a few electric companies deviate and show a rate without the TDSP fees bundled in, it deceives the customers. If other YEP customers or YEP electric company reps could respond to these complaints and verify if they are true, it would be appreciated. If you have a YEP bill you would like us to bill audit please fax to 1-903-484-9222.

Digging around the internet we have found that they primarily advertise to residential electric customers in Texas with not a lot of emphasis on commercial energy in Texas. Their electric rates appear to be competitive when comparing with other electric companies in Texas. One issue we have seen with new electric companies entering the Texas market is starting out with an undiciplined energy hedging and risk management policy. Electricity ends up being sold cheaper then the company can afford and we have seen several electric companies end customer energy contracts, pack up, and leave the state of Texas never to return.

Because YEP does not yet have a long established history in the state of Texas we would recommend electric customers to be cautious when signing up with them. For a comparable Texas electric provider offering similar low cost discount electric rates we would recommend comparing YEP with Startex Power for a good shorter term rate or variable rate and comparing with a fixed electric rate we recommend Champion Energy.

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