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Old 07-01-2015, 11:36 AM
 
Location: Dallas, TX
308 posts, read 908,622 times
Reputation: 177

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I found this plan for $.05/kwh. I was wondering what is the catch? This seems like a teaser rate but I can't find any "gotchas" with this. Am I missing something?

https://signup.discountpowertx.com/P...415-117873.pdf
https://signup.discountpowertx.com/P...0518-38137.pdf
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Old 07-01-2015, 12:11 PM
 
401 posts, read 525,466 times
Reputation: 194
Yes, you are missing the full detail.

$0.05/kwh is only on the scenario of 1000 Kwh monthly use.

You get a flat $65/month credit only if you burn more than 999 Kwh in a month. Rate is 11.3 cents per kwh. Whether you burn 1 kwh or 5000 kwh, you get credit only above condition is fulfilled. BTW, it's a 24 month contract with a penalty to terminate early. It also says your price can change during the contract period.

Nothing is mentioned about their utility delivery charges, so you need to find that out.

I never used this provider so can't comment on their service.
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Old 07-01-2015, 12:52 PM
 
14 posts, read 25,399 times
Reputation: 10
If your usage is below 1000kWh, you may consider this http://www.gexaenergy.com/UI/Handler...220|1004|16186. This seems to be a better one than what you posted. However, this rate is fixed only for 5months.
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Old 07-02-2015, 07:47 AM
 
517 posts, read 768,731 times
Reputation: 612
Do you know your monthly usage? You really need to know that to get to an accuare analysis. I build a spreadsheet with the rates details so I can compair based on estimated usage over the contract term. 1000 kWh is pretty low in the summer for a single family home but in the winter that my be hard to hit unless you have electric heat.
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Old 07-02-2015, 07:59 AM
 
Location: Port Charlotte
3,926 posts, read 4,405,147 times
Reputation: 3395
Do a search for special rate codes. My son did that, found the employee special code, got a real nice price compared to competing electric companies.
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