Texas

Texas Ancillary Services – What Are They? And Why Should You Care?

If you’re a business owner in Texas, you need to know that Ancillary Services could be passed through on your bill, depending on your contract language.

That’s what a number of businesses found out after Winter Storm Uri in February 2021. They were saddled with high bills from Ancillary Services pass-through charges when the wholesale price of ancillaries spiked as high as $25,000 per MWh on the ERCOT market.

Here’s what you need to know about Ancillary Services, what to do if you see Ancillary Services charges on your bill, and what’s being discussed at the regulatory levels on this issue.

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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.

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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

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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.

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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.

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