TexasCHLforum.com

philip964 wrote: ↑Wed Mar 01, 2023 6:16 pm Well this is a timely post.

Until 2019 I used Reliant who had been my electricity provider since 1971. I was on the "your a stupid consumer rate" of 18 cents a KWH (all In).
In 2019 I switched to Griddy where I paid wholesale rates. My first full year with Griddy was 8.5 cents a KWH. I was very pleased.
In 2021 we had the freeze. My electric bill for February 2021 was $2801 for 1,379 KWH or 203,1 cents per KWH. (my normal bill for February was $175 and yes that is two nice pistols) 24 times higher. But even for that terrible month I was at 22 cents per KWH for the whole year.

Texas ended the freedom to by wholesale power and made it illegal to sell electricity to consumers at a wholesale rates. Griddy declared bankruptcy. The Republicans who controlled the state decided to not provide any relief to consumers or other utility companies and users by reversing some of the outrageous profits made by electricity speculators during the February freeze PUC ordered rate of 900 cents per KWH, which extended like 8 hours after the freeze and after real usage had returned to normal and there was no longer an emergency.

With Griddy bankrupt, I went with Southern Federal for 24 month at 10 cents a KWH. It expired last week. I switched to Value Power who I found on the website power to choose. The rate was 12 cents for 36 months. Both had a 3 star rating. Southern Federal was fine no complaints.

Since I went for 36 months, we can expect the war with Russia to end, natural gas prices to fall to nothing, utility rates to collapse, inflation to become deflation and people will be laughing at me in 6 months that I signed up for 12 cents for so long.

My new rate for actual power increased by 35% between my old rate and my new rate. (many of the charges for electricity are fixed and you can't do anything about those) Thank you Russia and Brandon. I went to energy orgre and signed up to get into their website, but it went nowhere, I must have messed up or something.