Comparing Summer 2008 to Summer 2009 Electricity Prices
This summer of 2009 may be the beginning of higher electricity rates, gas prices, and oil prices according to several industry experts. Last summer in 2008 electricity rates were at all time highs for all electric companies in Texas. Ambit Energy, ABC Energy, High Priced Energy and many other Texas energy providers had to charge higher electric rates to their customers in 2008 due to these fuel price increases. For those customers of Ambit Electric Company who had locked into a fixed rate before the summer of 2008 they were spared as electricity prices soared to all time highs. Because many Texas energy consumers waited to lock in their electricity price they had to lock in in the dead heat of the summer when electric rates were around 16 cents per kWh or higher no matter the energy company you chose. Since electric companies all have to buy their energy from the same generation sources when fuel prices go up electric rates also go up across the board no matter which Texas electric company you may be.
When Fuel Prices Go Up You Can Forget About Cheap Electricity if You Haven’t Locked In
Last year there was not a single Texas electricity company that was spared from having to charge a higher price for their electricity than had ever been charged before. This summer some energy traders are predicting a similar issue. To avoid locking in at the top of the market we recommend locking into an electricity price while energy prices are still low. Ambit Energy is currently offering some very low energy rates in comparison to ABC Energy and High Priced Energy. You don’t have to risk it by waiting until the summer comes and the weather begins to heat up. You can lock in an affordable electricity rate while the weather is mild and the demand for energy has not yet been determined. Summer electricity bills usually double and triple in price because people use more energy. By procuring a cheap electricity service price through Ambit Energy you can still have a reasonable electric bill even though you may decide to use double or triple the energy you normally use to keep your house cool during the hot summer.
How Houston is Different When it Comes to Electricity Prices
For Houston Texas residents you can understand the necessity of getting a low priced electricity rate since it can be very hot and humid in the Houston Texas area. Other parts of Texas can be just as hot as Houston but Houston has the added problem of congestion and line loss issues that make electricity prices higher in this area of the state. Regardless of the Texas electric company you choose you will pay more in Houston than you would if you lived in Dallas, Round Rock, Fort Worth, or Austin. By locking in your Houston electricity rate before the summer you are buying insurance and eliminating the risk of what Houston electric service prices will do when summer comes in full swing.