White Paper: The case to get out of any fixed rate contract over .16 per kWh
By bouncey, April 7, 2009, News
Last June or July, it seemed like a good idea. Texas electricity consumers thought they'd save money by locking?in a fixed 24 month rate with their electricity provider. All across the country, gasoline prices were skyrocketing; natural gas prices were trailing right behind it. Because Texas uses natural gas to generate electricity, power rates were climbing, too. Experts quoted in the media said to expect high energy costs to continue for the future. Locking in that rate then was a pretty shrewd move.
But since then, electricity production rate costs have sunk. Consumers now find they are paying way too much for their electricity.
Follow @BounceEnergy
