Fixed Texas Electricity Rates, What is the Advantage?
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.
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Ambit Energy Fixed Electricity Rates
Texas Cities we Serve
Ambit Energy is currently offering some of the lowest electricity rates we have seen in over 3 years. The energy markets are down and because of this Ambit is able to put together some great fixed priced electricity rates. Ambit Energy serves Houston, Dallas, Tyler, Alpine, Laredo, Arlington, McKinney, Plano, Grapevine, Bedford, Euless, Wichita Falls, Round Rock, Carrollton, Rock Wall, and several other Texas cities. At this time Austin city limits, El Paso and Garland are still not deregulated. In comparison, Nueces Electric Coop in Nueces County opted into deregulation and so that county and many others like it have a choice in who they choose for their Texas electricity company.
What Electricity Term we Recommend at This Time
If you are considering switching to Ambit Energy we would like to recommend you sign up on the 1 year fixed rate plan. There are no hidden fees, the TDSP charges are bundled into the rate, and they have no fuel surcharge in the pricing and terms of service. If you are risk averse it is better that you sign up at a slightly higher electricity price on the 2 or 3 year fixed electricity rate while prices are down. You will pay more on a longer term electric rate but you will be patting yourself on the back if rates come back up after a year when it would have been time for you to renew had you chosen the 1 year electric rate. Ambit Electric Company is a licensed retail electric provider in Texas and has 10′s of thousands of customers since they began several years ago. This energy company was started from several executives and top leaders that were previously in Excel telecommunications. Excel was one of the fastest growing phone companies in the United States. Ambit Energy bought Commerce Energy in the last few months which had a very good billing system, energy hedging system and other critical systems in place to sign up electric service customers. Since this acquisition Ambit Energy has become even more respected in the Texas market and will continue to sign up electric service customers in Texas that are looking for the cheapest available electric rate from a quality provider.
Learn more About Ambit Energy’s Rates
If you are interested in finding out more about Ambit Energy’s electric rates we recommend you check out Ambit’s rates by visiting this page: Click Here to Check Rates
After you have found the fixed electric rate that suits your situation you simply need to fill out your name and service address information using Ambit Energy’s online sign up tool. Ambit offers 1 year, 2 year, and 3 year fixed electricity prices. If you have questions and need to talk with someone on the phone then we would be happy to answer your questions. Please feel free to contact us via email or call us with any questions about our Texas electricity prices you may have.
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Ambit Energy Compares to Ignite Energy
Personalized Texas Energy Companies
Many people ask which electricity company has the better electricity service product between Ignite and Ambit Energy. You may wonder why do these two Texas electric providers come up in the same sentence when comparing energy companies? The reason has to do with both of these energy companies offering electric service through a large direct sales distribitor base. Most of the electricity sold is sold in the state of Texas although Ambit Energy has quickly attempted to move into as many deregulated electricity service markets as possible.
Power all Comes off of the ERCOT Electric Grid
Ignite Energy and Ambit Energy deal in large volumes when signing up energy customers. The electricity comes off of the ERCOT electric grid in Texas. Electric providers cannot choose where the energy from the pole and wires comes from or is generated. The green energy that you see marketed is actually a virtual paper transaction that represents green energy in another state, so even the green energy companies can’t tell you that the electricity they send to your Texas home is truly renewable energy. The truth is most of your electricity is generated from natural gas even if you signed up for a 100% renewable plan. The electric provider bought enough credits to offset the difference but your energy can’t be chosen as to what source it was generated. We say all this to say no matter the electricity provider you choose you will always receive the same electricity power from the same poles and wires.
What Makes a Texas Electric Provider Different from Another?
The main difference in electric companies is in how they provide customer service, keep track of fixed electric rate offers, bill their customers, and hedge their energy. Some electric companies do not offer a fixed electricity price because they do not have the skill to hedge their energy which requires energy traders buying natural gas futures. Both Ambit Energy and Ignite offer fixed electric rates to their customers. One provider will be cheaper then the other at times and occasionally you will see a shift where for a time the competitor will be advertising the cheapest rates. A Texas electricity company cannot always have the very cheapest rate. There are usually a few providers out their that come into the seen and undercut the competition to such a degree that they cannot afford to stay in business and have to sell out. A lot of these customers that went with the too good to be true offer have to go shopping for another rate sometimes at a much higher price.
Stability and Track Record
Ambit Energy is a large stable Texas electricity company with several different energy prices, products and terms to choose from. An independent sales rep works directly with you in helping you find the best product that fits your needs. Ignite works in a very similar fashion but when looking at the PUCT website and comparing customer satisfaction levels we see that Ambit Energy has a better score then Ignite Energy and several other Texas electricity companies. Stream Energy which is the other name for Ignite Energy shows as being number 2 by the state of Texas with the electric company having some of the largest number of complaints. These are statistics that were compiled by the state of Texas From: 10/1/2008 To: 3/31/2009. The first column is the total number of complaints. The 2nd column is the number of people slammed. The 3rd column are the number of people that had additional charges crammed onto the electric bill, and the 4th column is related to electricity billing issues.
Complaint Report Chart
List of customer complaints against electric companies that provide service to texas. Complaints are broken down by category with the counts listed as rows for each company below the header. The graph icon can be selected to show a graphical display of the data by months.”> We have taken down the complaint chart as the chart changes monthly and it has been hard to keep it updated each month.
Because of important things like billing and customer service we recommend Ambit Energy as the better electricity provider to go with over Ignite Energy. Ambit Energy also has one of the best available fixed electricity rates in the industry. One of the biggest positives we like about Ambit Energy is their honesty in advertising an electric rate that has no additional hidden fees and charges. The straight forward low cost Texas electricity rates combines with good customers service and accurate billing makes Ambit Energy the preferred electric company to choose for residential Texas electric service. We think Texas consumers will prefer Ambit over Ignite and will be able to see the proof of that on their first month bill they receive from Ambit Electric Company.
Popularity: 25% [?]
