Archive for Texas Electric Rate Graph
Texas Electricity Price Trend November 2008
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If you have been trying to keep up with what the price of Texas electricity has been doing this year we have a helpful graph below that shows just exactly how Texas energy prices has been trending this year as of November 2 2008. This graph shown below is actually a natural gas graph but because there is a 90% correlation with natural gas and Texas electricity rates it provides an accurate representation of what electric rates have done as well as giving an indication of the current trend.
If you can see from the graph, natural gas has broken a support level and may trend down further to as low as $4 mmBtu. If natural gas continues to go this direction we could see Texas residential electric rates as low as 7 – 8 cents kWh for a 1 year term and commercial electric rates as low as 3 – 4 cents kWh. This prediction is no guarantee that electric rates will hit these levels but an old trading adage that works well in this scenario is, “the trend is your friend”. If you are currently not on a contract it is still recommended that you lock into some type of rate so you are not put on a high fluctuating variable rate. There are MCPE rates for commercial businesses that work well if you have the wait and see attitude. An Electricity Bid energy consultant would be happy to explain MCPE in more detail if you would like to learn more about this option. Feel free to call us at 1-800-971-4020. If you are a residential electric service customer in Texas you can lock in to a 1 month, 3 month, 6 month or 1 year fixed rate if you are also in the wait and see mentality. Since it is impossible to pick a bottom on a trend I would recommend going with a long term fixed rate if you are risk averse. If you are ok with taking a chance then by all means sign a short term fixed rate and check back to see if electric rates in Texas have dropped even further. The graph below serves as a reference point for those undecided on what they should do. This graph is a very close almost exact example of what Texas electricity prices have done all year.
November 2008 Dallas Residential Electric Rates
Posted by: | CommentsWhat to do When Locking in Dallas Residential Electric Rates for November 2008?
The energy markets have been steadily declining and have started to hit some historical short term lows. If this trend continues we could see some very good residential electric rates but trying to pick the bottom of a trend is an impossible task. If you are waiting to do something I would recommend making your hunch and going ahead and signing up on a term even if just for a few months. The reason you should lock into something is due to the high price of a month to month rate. Residential electric providers in Dallas will generally offer a low first month rate on a month to month type of electric service plan but will then raise the rate dramatically after that first month. To avoid a high rate hike you should lock into some type of monthly term. If you are risk averse I would go with atleast a 1 year plan and if you are willing to roll the dice and try again in 3 months I would go with a shorter term like a 3 month or 6 month fixed rate.
November 2008 Residential Electric Rates Comparison Chart
The residential Dallas electric rates below serve as a historical marker of where rates have come as of November 2 2008. These rates will most likely change as the month progresses but you will find indicative prices as of Nov 2 2008 to help you in your shopping and comparing process. If you wish to see current Dallas electric rates we recommend checking this page out: Dallas residential electric rates
Dallas Residential Electric Rate Chart
If you are looking for a comparison of Dallas commercial electric service you can find it here: Dallas Commercial Electric Service
If you were looking for Residential Houston Electric Service you will find it on this page: Houston Residential Electricity Comparison
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Texas Electricity Rate Trend Over the Course of this Year
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Electric rates in Texas are close in price among most electric providers regardless of the energy company you choose when comparing fixed electric rates. There however is enough difference in electric price in Texas for consumers to want to switch electric companies to save money. This year we saw electric rates go way up in the summer. Rates were actually at an all time high this summer. The trend line below is actually a natural gas graph. Since there is a 90 percent correlation with this energy commodity and electric prices in Texas we are using it to show you what electric rates have done over the year. If you were on a variable rate with a company like Texas Power, Startex or Dynowatt you may have seen your rate go way up this summer for a few months and assumed the electric company was taking advantage of you. The truth is that prices spiked to a historical level and these energy companies simply past this on to their customers who agreed to be on a variable electric rate. A variable electric rate in Texas is not something to get on if you are at all risk averse. You can also look at the graph below to determine when a good time would have been to lock into a fixed electric contract. Pay attention to support floors that have been created. When the line chart has hit the same level more then once you are looking at a support where rates could bounce off of again. The 7 cents range is a good example of this support floor as it is referred to in technical trading. Remember to add about 4 cents to get an approximate residential rate in Texas. As of the writing of this article, September 9 2008 it is recommended to lock in to atleast a 12 month contract as we are looking at a possible third bounce off this floor. If prices bounce off this floor again it could be months before rates come back down to this level.
If you are needing a Texas residential electric rate we recommend checking out Startex Power at this time. This Texas electricity company is currently offering the lowest prices right now. We have online discount prices with this cheap electric company located here: Discount Texas Electric Prices We compare Startex with several other reputable electric providers in Texas.
Electric Rate Trend Graph
Natural Gas Causes Electric Rates To Rise
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In Texas Natural Gas is currently at a 12 month historical high. You may also notice that oil is at $100 a barrel and electricity rates are about as high as they have been all year. It would seem that there is a high correlation with these energy commodities. There is quite a bit of reality to this. Oil doesn’t always correlate strongly with Texas electricity or natural gas but when it starts getting up into the $100 a barrel then we sometimes see the rest of the energy sector follow.
In difference to how oil and natural gas generally correlate there is about a 90% correlation with the price of natural gas and Texas electricity. A line graph like the one below helps to show just how close this correlation is over the span of a year starting from last February 2007 to this February 2008. If you wanted to keep an eye out on what electric rates are doing after you lock into an electric rate then I would suggest going to www.nymex.com and following natural gas. When natural gas prices come down you can bet that electric rates will have come down along side of it.
The reason electric rates follow natural gas in Texas is because of the many natural gas generation plants we have in Texas. These power plants produce electricity which then goes into commercial businesses and homes. Once we start building more nuclear and other alternative power plants we will have less volatility in power prices and see some cheaper electric bills. Until that time we need to increase our natural gas infrastructure and power plants to provide the needed supply.
Texas Commercial Electric Rate Trend Line
Posted by: | CommentsCommercial Rate Trend
Commercial electric rates ended lower at year end and then spiked up along with oil when a barrel of oil sold at $100. The rest of the energy sector followed and that bottom in electric rates appears to be over.
Go directly to texas commercial electric rate graph
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Commercial Electric Rates in Texas have had their ups and downs during the year 2007 and a small window was available a couple weeks (Dec 18 – 28, 2007) to go and lock in near the bottom of where energy rates have been this year. That opportunity is over as the prices have bounced off of the support line back up again. Take notice just how often the bounce has occurred this year off this support line and ask yourself how many more times is it going to bounce before the rate starts heading back up. We may have seen the last of those low electric rates for sometime as you will notice rates can hover at their highs for sometime until they come back down again to their lows.
Waiting To Lock In
If you are waiting to lock in on a commercial electric rate until they come back down you may be spending more money doing this way then just locking in on something short term as you try and make up your mind. Electric companies in Texas generally charge a premium electric rate while you are off contract until you sign back up again. For those holding off it would be better to go ahead and sign up on something even if just for 1, 2 or 3 months. Electric rates on the shorter terms are much better then the longer term energy contracts. As an energy consultant I would however recommend going on a longer term contract for 8, 9 or 12 months as rates are still quite low in comparison to where they have been this year. By locking in while rates are low you will be insuring yourself against a rate spike that might go even higher.
Proposal Of Commercial Electric Rate Choices
If you are interested in receiving a proposal of different fixed rate term prices from multiple energy providers as well as other variable rate products you may be able to combine with fixed to reduce your cost even further then give us a call and we can assist in putting a proposal together. There are several ways to take advantage of where the market is at and one of our energy consultants can assist in directing you to the best possible option.
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Electric Rates Poised To Go Higher
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For the last few days we have seen electric rates hover around the support level of 7.7 -7.8 cents for the 12 month fixed rate term. The Texas energy rate has hit this support level several times in the past year and shows signs of bouncing back off it. Since we are sitting at the bottom of the market right now it would be wise to lock in on a rate plan while we are still at the bottom. If rates were to come off of this support level they could remain above it for 1 week, 1 month, 6 months or even a year. There is no point in missing out as we cannot predict how long it will be before electric rates come back down again to these levels if they were to go up in the next few days. The winter approaches and the first signs of a harsh winter could send electric rates back up near the 10 cent per kWh range.
Learn more about Texas Electricity at Electricity Bid.com
Historical 12 Month Texas Commercial Electric Rate Chart
Posted by: | CommentsSupport At 8 Cents kWh
< The Texas electricity market has found support around the 8 cents a kWh level for 12 month fixed term contracts. Electric rates have hit this level once again and we are in a good position to lock in on a rate while we are at this low support. Based on purely technical analysis there is a strong likelihood that rates will bounce up as they have been doing this year from this support. Of course with any type of stock, energy, commodities speculation there is really no way to be 100 percent sure as to what these electric rates will do or I would be living it up in Belize on a yacht right now as I make large returns on energy futures.
For those commercial businesses needing a 12 month historical electric rate chart showing exactly what Texas electric rates have done this is a good line graph for that. Below you may find this graph helpful in determining what electric rates may do over the next few weeks. As you can see the support shows to be at 7.8 – 8.0 cents kWh give or take a fraction. This appears to be a support so watch for a pull back up. If it breaks out down below 7.5 cents kWh for a 12 month fixed rate term then we can look to see if we might go lower but right now it does not show that potential.
12 Month Historical Graph
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Texas Historical 12 Month Commercial Electric Rate Graph
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This Years Commercial Electric Rates For 2007
We picked a 12 month term contract rate as the electric rate data to be used in putting this graph together. 6 and 12 month fixed rate energy terms remain the cheapest among all available terms on average in the past 12 months. This graph shows what commercial electric rates have done in Texas over the last 12 months. As you can see we had quite a dip in the heat of summer. Texas did have a mild summer which may have led to energy rates dropping from a wrong forecast on what the weather would do. As you see the seasonality has little to do with the rate. The fact is the seasonality is built into the energy rates because the futures contracts that these Texas electric rates are based off are all made up of speculation and analysis of weather patterns, hurricanes, and many other variables. Because seasonality is built into the rate already you would be better to lock into a rate now rather then later. One thing you could do however is lock into a term contract that ends about the time you think a wrong weather prediction would be realized. If a summer or winter is not as strong as expected then the energy rate would likely come down.
Unrealized Hurricanes Through The Gulf Of Mexico
Did you know there were expected to be at least 10 new hurricanes coming through the Gulf this year and we have yet to see even one since the speculation came about. This unrealized weather prediction has kept the electric rates low in Texas during hurricane season even while we see another variable of the Texas electric rate, “natural gas” begin to approach $8 mmbtu. Obviously this wrong prediction has offset the rising natural gas costs that we use in the production of our electricity here in Texas in the many electric natural gas and coal fired power plants throughout the state.