Texas

Liberty Power Bankruptcy – What Now?

If Liberty Power supplies your residential or commercial power, you may need to shop for a new electricity contract soon.

That’s because on April 18, 2021, Liberty Power terminated all of their employees via email. All 100 of them. That means no one is running the ship.

And on April 21, 2021, Liberty Power declared bankruptcy due to excessive financial losses during February 2021, when a cold front put Texas into a deep freeze.

Here’s what you need to know if you’re a Liberty Power customer, and what to do next.

Read More about Liberty Power Bankruptcy – What Now?

Texas Electricity Trends for 2020

Texas electricity rates in 2019 were relatively flat compared to the prior year. And if you were in a fixed rate contract throughout 2019, you had a secure price. But those who were on a variable rate or a wholesale index rate (i.e. Griddy Energy) had their rate explode in mid August when ERCOT hit a historic usage level.

So what will happen in 2020? It all depends. But indications are that market forces are driving up retail energy prices in the short term, and that long-term contracts might be the way to go this year.

>>Want the latest Texas electricity trends? Here are Texas Electricity Trends for 2021

Read More about Texas Electricity Trends for 2020

How to Find Cheap Power Rates in Texas

Want to know what is the cheapest electricity company in Texas? There’s many ways you can search for it. “Cheap power near me.” “Cheapest electricity for my home.” “Best Electricity Plan in <city> Texas.”

Across the state, people search for cheap electricity or the cheapest electricity. Because no one wants to pay too much for electricity. And no one wants to feel like they got (ah hem) scr*wed by a power plan they didn’t understand.

But how do you find the cheapest electricity company in Texas? Here’s how.

Read More about How to Find Cheap Power Rates in Texas

The High Risk of Summer 2018 Texas Month to Month Electricity Plans

Texas electricity customers face historically high electricity prices this summer. The rising energy rates are not so much a result of the cost of natural gas, the primary commodity used to generate electricity, but are a result of increased demand and anticipated shortages in supply. What does this mean for customers on variable rate, month to month electricity plans? High, high, high electricity rates for the dog days of summer. Who is most at risk? Prepaid electricity customers and customers on holdover rates from expired electricity contracts.

Read More about The High Risk of Summer 2018 Texas Month to Month Electricity Plans

What’s Ahead for 2018 Texas Summer Electricity Rates: Supply, Demand, and Reserve Margins

If you’ve shopped for an electricity plan in Texas recently, you’ve probably noticed that rates are rising. In fact, some of the energy rates for Texas plans have increased over 30% so far in 2018 and will continue to rise as the summer approaches.

What’s contributing to this rise? In short, it’s simple economics. Understanding the market forces at play in ERCOT will help you make an informed decision about your energy needs going into the summer and avoid a painful utility bill.

Read More about What’s Ahead for 2018 Texas Summer Electricity Rates: Supply, Demand, and Reserve Margins

Shopping For Your Best Electricity Deal? Know Your Usage

What’s electricity usage got to do with it?

Being the electricity geeks that we are, we talk way too much with our customers, friends, and family about the price they’re paying for electricity. For whatever reason, people happen to like to swap stories about their electricity provider and rate.

The conversation usually starts with “Hey, guess what? I just got a <insert ridiculously low rate>,” and usually (unfortunately) ends with a gotcha and a comment about teaser rates, fine print, and usage.

Read More about Shopping For Your Best Electricity Deal? Know Your Usage

We just need your ZIP code

To show you the right plan, please enter your ZIP code below

Please enter a valid Commercial Service Address or ESID to proceed