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Old 04-08-2010, 05:31 PM
 
12,673 posts, read 13,626,512 times
Reputation: 2525

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Quote:
Originally Posted by RVD26 View Post
Just locked in a few minutes ago at 10.1 cents for a year with StarTex Power.
They're also giving me a $10 discount off next month's bill for extending for a year.
Too expensive.
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Old 04-08-2010, 08:43 PM
 
46 posts, read 94,564 times
Reputation: 48
What do you think about Gexa Energy? Gexa 12 plan is 10.7 per kWh The energy charge is the lowest I have found at: $0.0634 kWh Perhaps I can call and check if I can get a lower price per kWh (9 - 10.3)
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Old 04-08-2010, 08:51 PM
 
12,673 posts, read 13,626,512 times
Reputation: 2525
Tara Energy is King of low prices!
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Old 04-09-2010, 12:45 AM
 
739 posts, read 1,370,968 times
Reputation: 339
Really the best time to sign a contract is when the contract rate is lower than the variable rate and natural gas prices are rising. I have a one year contract for about 8 cents per KWh. I may use the variable rate after it expires depending on what natural gas is doing. If electricity is expensive and natural gas prices are about to peak its better to pay a little more and just wait for prices to crash. When oil was 147 a barrel I just paid the variable rate until the price crashed then signed the contract. I have always saved money this way. If you sign a contract when electricity is expensive you will loose money. The rate will drop far below the contract price in a few months. Its better to pay 24 per Kwh for a few months then get a 1 year contract at 8 cents than to lock it in at 20 cents when its expensive. You have to know what you are doing though or you will loose a lot of money that how they make money off contracts. Most people sign the contract when its expensive because they think the price will never drop. The goal is to analyize the market without having an emotional response. Your job is to determine what the market is going to do not to argue with it. But since most people are ruled by emotion they panic and sign contracts for 20 cents and loose money.
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Old 04-09-2010, 01:28 AM
 
Location: The Greater Houston Metro Area
7,355 posts, read 8,104,612 times
Reputation: 9049
Quote:
Originally Posted by chad.roper View Post
Really the best time to sign a contract is when the contract rate is lower than the variable rate and natural gas prices are rising. I have a one year contract for about 8 cents per KWh. I may use the variable rate after it expires depending on what natural gas is doing. If electricity is expensive and natural gas prices are about to peak its better to pay a little more and just wait for prices to crash. When oil was 147 a barrel I just paid the variable rate until the price crashed then signed the contract. I have always saved money this way. If you sign a contract when electricity is expensive you will loose money. The rate will drop far below the contract price in a few months. Its better to pay 24 per Kwh for a few months then get a 1 year contract at 8 cents than to lock it in at 20 cents when its expensive. You have to know what you are doing though or you will loose a lot of money that how they make money off contracts. Most people sign the contract when its expensive because they think the price will never drop. The goal is to analyize the market without having an emotional response. Your job is to determine what the market is going to do not to argue with it. But since most people are ruled by emotion they panic and sign contracts for 20 cents and loose money.
Alright, who kidnapped the real Chad? This does not sound like you.
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Old 04-09-2010, 06:55 AM
 
739 posts, read 1,370,968 times
Reputation: 339
you people are easily annoyed. This is amusing.
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Old 04-09-2010, 02:14 PM
 
Location: The Greater Houston Metro Area
7,355 posts, read 8,104,612 times
Reputation: 9049
Quote:
Originally Posted by chad.roper View Post
you people are easily annoyed. This is amusing.
Actually, we're easily amused and I can see why you would be annoyed. The writing style is totally different than usual, to the point that it doesn't seem like the same person.
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Old 04-09-2010, 02:16 PM
 
Location: Houston
3,567 posts, read 1,755,988 times
Reputation: 931
I still can not find the 8.7 fixed. That's too cheap for a fixed rate. The month-to-month rates have been much better anyway.
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Old 04-14-2010, 08:16 PM
 
Location: Houston
2 posts, read 5,701 times
Reputation: 11
Quote:
Originally Posted by XodoX View Post
I still can not find the 8.7 fixed. That's too cheap for a fixed rate. The month-to-month rates have been much better anyway.
XodoX - prices change every day... so the 8.7 might not be available still. Also, it depends on your area. I have been referring my friends who are still with Reliant and they have all gone from ~14-15 cents to ~8.7-9.3 cents.

Month-to-Month plans are low right now bc they reflect the current market prices. You don't want to be on a month to month plan when the summer comes around, lock in a 6 month fixed rate and go back to MTM when it cools off... good luck
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Old 04-15-2010, 02:02 PM
 
12,673 posts, read 13,626,512 times
Reputation: 2525
I am glad I got 7.5kwph.
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