BKV Energy is a new entrant to the Texas electricity market, offering basic fixed rate plans. Explore details of their electricity plans and compare their rates to similar fixed rate plans.
About BKV Energy
Our Quick Take
BKV Energy entered the Texas market in 2022, as an offshoot of BKV Corporation, a natural gas production company. They’ve made their name by offering only fixed rate electricity plans, avoiding the messy math that comes with bill credit and tiered rate electricity plans.
Key Facts
- Company Address: 4800 Blue Mound Road, Fort Worth, TX 76106
- Year Founded: 2022
- Renewable Energy Commitment: Mixed, 29-100% depending on plan
- Plan Types Offered: Fixed rate
- Satisfaction Guarantee: 30-day satisfaction guarantee lets you shift to a different plan or switch away if you aren’t happy.
- Ownership: BKV Corporation, a natural gas production company founded in 2015 and based in Denver. BKV Corporation is 63% owned by Banpu PCL, a Thai energy company, with the remaining shares owned by individuals and venture capital firms.
- Customer Service: Monday to Friday 8:00 AM to 7:00 PM, at 855-258-4797
- Bill Pay Log-in: Pay your bill online via BKV Login or BKV Quick Pay
Compare BKV Energy’s Electricity Rates and Plans
BKV Energy’s Verbena electricity plans are a negotiated rate that’s lower than what you’ll find on their own web site. Verbena plans come in 100% renewable and traditional electricity mix. Watch for odd-term plans like 10, 11 or 15 months. These plans are priced to take advantage of the market and add value for customers.
Basic Fixed Rate Plans – Compare Rates vs. BKV Energy
| Plan Name | Term | Rate/kWh |
|---|---|---|
| BKV Energy Verbena 18 | 18 | 13.9 ¢ |
| BKV Energy Verbena 10 | 10 | 14.0 ¢ |
| BKV Energy Verbena 12 | 12 | 14.0 ¢ |
Shop BKV Energy Rates & Plans
Pros and Cons of BKV Energy
BKV Energy is one of the newest providers in Texas, having come on the scene in 2022. Despite their young age, they’ve rocketed to the top in customer growth, thanks to their easy to understand electricity rates.
Pros for BKV Energy
- Simple plans with predictable bills
- No base charge or minimum usage fee on any plan
- 30-day satisfaction guarantee (leave if you change your mind)
- Same rates for all customers whether renewing or new
- Parent company with experience in energy markets
Cons for BKV Energy
- Lack of diverse plan options. No bill credit, free nights or prepaid electricity options.
- Only in business since 2022
BKV Energy Customer Reviews
BKV Energy has overall positive reviews.
Overall Customer Satisfaction
Google reviews for BKV Energy show a 4.6/5 star rating. Most consumers review the higher-priced Bluebonnet plan, which includes value-added extras and rewards; who doesn’t like getting bill credits or gift cards just for paying your bill!
What Customers Like
Customers like the BKV’s rewards program, monthly drawings and “community” feel of BKV’s communications. Some of their most heavily advertised features including ElectroShare annual payout, monthly drawings and Reduce Your Rate are only available if you sign up for their higher-priced Bluebonnet plan or you pay an additional $9.99 monthly fee to add-on BKV Energy Plus. Keep in mind that’s an additional penny per kWh if you use 1000 kWh a month.
Common Complaints
Customer complaints are primarily around inflexible payment options for those struggling to pay, and poor customer service experiences.
We recommend basic fixed rate electricity plans as the best choice for most consumers. And that’s exactly what BKV Energy offers.
Shop Texas Electricity Rates & Plans
Is BKV Energy Right for You?
BKV Energy is a great fit for you if you value:
- Straightforward electricity plans with no base charge or minimum usage fee
- A 30-day satisfaction guarantee that lets you switch plans or switch away with no early termination fee
BKV is not a great fit if you prefer:
- A company with a long history in the Texas electricity market
- Plans with bill credits, tiered rates or free electricity
Frequently Asked Questions About BKV Energy
BKV Energy is an excellent company with affordable rates and basic fixed rate electricity plans. They have been an electricity provider in Texas since 2022.
If your home has a switch hold from a previous occupant, you can still switch by submitting a New Occupant Statement to BKV Energy. They’ll then work with your local utility company to get your service established.
BKV Energy charges $20 per month remaining in your contract. Compare that to a typical $150 termination fee for most other providers on a 12 month contract.
BKV Energy has a 4-star PUCT rating, which is not bad. You can check their rating any time on the PUCT scorecard.
