Is 10.9 cents/kwh a good electricity rate?
I’m setting up electricity by myself for the first time. A roommate or apartment manager always took care of everything for me in the past. I’m SO CONFUSED about all the options in de-regulated Houston BLEGH. Is that a good rate with no monthly fees? It’s a fixed rate for almost the exact term I plan to live in this unit.
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Good for you for asking this question and investigating your various rate options. That rate sounds like it is in the ballpark but I am not certain. It just so happens, I too, have a utility quandary to investigate and that is why my two month water and power bill exceeds $1000 for the first time in my life while our consumption of both electricity and water were markedly reduced from last year. I wish us both luck. See ya….Gary/wtf
PS: I’m hoping mine is as simple as finding this is the month they tack on the annual fee for trash collection, but thought that was done during a winter month, in the past.
I live in Houston and that seems like a decent rate. Go to Texas’ Electric Choice’s site at http://www.powertochoose.org to compare, though!
ps – deregulation is such a joke! I want regulated service back!!
Make sure when you’re calculating your monthly rate for electricity that you’re factoring in both your base charge, your rate per kWh beyond that AND any additional taxes, fees and/or surcharges. Here in Maine, (where electricity is on the pricier side) our primary electric utility lists our residential rates at $8.36/month for the first 100 kWh plus 5.98 cents pew kWh in excess of the first 100 kWh in a given month. I thought it was a pretty reasonable rate until I learned that there were a handful of taxes and surcharges beyond this that weren’t part of this published rate. It turns out that with these additional fees, I end up paying 14.83 cents per kWh (instead of 5.98) beyond the first 100 kWh. That’s a jump of over twice what their rate sheet would lead you to believe you’re paying.
When you’re given a rate by your local electric utility, make sure that it’s all inclusive and takes into account any additional fees, taxes and surcharges. Otherwise, you may be in for a big surprise when your first bill comes.
John
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