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Need help picking from Bad to Worse Electric plans

Discussion in 'BBS Hangout' started by Mr.Scarface, Jun 1, 2024.

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  1. Xerobull

    Xerobull ...and I'm all out of bubblegum
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    [​IMG]
     
    #21 Xerobull, Jun 3, 2024
  2. Mr.Scarface

    Mr.Scarface Member

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    14c for electricity only. I didn't do a Net on anything.

    The 21.7 was not from your link, it was from the fact sheets on the other plans.

    The basic question comes down to does that $150 bill credit offset the 14c/14.7c of the other plan for those months I don't hit 2000kw? I can always try to hit 2000kw every month by using the A/C when not needed or make sure I use the Heat when is it not REALLY cold. Hopefully, pick a plan with a reasonable early termination fee and change plans if they drop in cost.
     
    #22 Mr.Scarface, Jun 3, 2024
    Last edited: Jun 3, 2024
  3. Buck Turgidson

    Buck Turgidson Member

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    I have no idea if that's a good rate or not, was just posting for comparison purposes.

    It's not like I can switch to a different provider.
     
    #23 Buck Turgidson, Jun 3, 2024
  4. clos4life

    clos4life Member

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    This sounds good. Anyone have personal experience with them?
     
    #24 clos4life, Jun 3, 2024
  5. calurker

    calurker Member

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    #25 calurker, Jun 3, 2024
  6. Dr of Dunk

    Dr of Dunk Clutch Crew

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    #26 Dr of Dunk, Jun 3, 2024
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  7. Xerobull

    Xerobull ...and I'm all out of bubblegum
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    #27 Xerobull, Jun 3, 2024
  8. ima_drummer2k

    ima_drummer2k Member

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    My Father in law is a retired energy trader and he swears by them.
     
    #28 ima_drummer2k, Jun 4, 2024
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  9. jchu14

    jchu14 Member

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    I think you have a misunderstanding on how to calculate the bills. The 14c for 2000 kwh number is calculated by taking the total bill minus bill credit of $150 divided by 2000 kwh, not how much each kwh after 2000kwh would cost. So right at 2000kwh, it would be cheap (because of the bill credit), but any excess would be expensive.

    Any excess kwh usage is billed at the rate of energy cost + TDU delivery. So in the case of the Frontier Energy plan with $150 bill credit after 2000 kwh usage, each kwh costs 17.3c+4.0189 = 21.3189 cents per kwh.

    I've created a spreadsheet with three columns. One with the $150 credit with over 2000 kwh plans, one that has $125 credit with over 1000 kwh usage, and a flat rate plan that's 11.1c + Centerpoint TDU fees (~15.3c/kwh at 2000kwh) I found on PowerToChoose.

    https://docs.google.com/spreadsheets/d/17bvkgZNmY9v-JPfMoK97dw_4y5F06xZWg5ZcMhf780s/

    [​IMG]

    So based on the usage history you posted, the flat rate plan would be less expensive than the usage credit plans.
     
    #29 jchu14, Jun 5, 2024
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  10. Mr.Scarface

    Mr.Scarface Member

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    You are still basing on at 17.3c rate for the $150 credit. That is not correct. the rate is 14c. The flat rates Im looking at is 14c for 2000kw and 14.7 for 1000kw. I understand what you are trying to do, but u are not basing in on a correct rate. 14c is different that 17.3c.
     
    #30 Mr.Scarface, Jun 5, 2024
  11. jchu14

    jchu14 Member

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    Can you link me to the Electricity Facts Label of the plan you're looking at that has flat 14c for 2000kwh?
     
    #31 jchu14, Jun 5, 2024
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  12. Dr of Dunk

    Dr of Dunk Clutch Crew

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    That sounds like what energyogre.com does, too, but not sure since I don’t use any of them. I think energy ogre is slightly more expensive, though.
     
    #32 Dr of Dunk, Jun 5, 2024
    Last edited: Jun 5, 2024
  13. Mr.Scarface

    Mr.Scarface Member

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    #33 Mr.Scarface, Jun 5, 2024
  14. Dr of Dunk

    Dr of Dunk Clutch Crew

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    [
    Maybe I’m not understanding, but the energy rate is 17.3 cents not 14 cents. The calculation should be based upon 17.3 cents, and if the usage is greater than or equal to 2000, the effective rate becomes 14 cents when the credit kicks in as a result of the credit itself. What you see in the average price per kWh row of the EFL is the effective rate you’d pay.
     
    #34 Dr of Dunk, Jun 5, 2024
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  15. Mr.Scarface

    Mr.Scarface Member

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    I am a dummy. I was not looking at it right. Now that I look at my current energy tag....duh.

    It sucks that these rates are so bad now. I miss 3 years ago.....grrr.

    Find the one with the best early termination and hope for a cheaper rate.
     
    #35 Mr.Scarface, Jun 5, 2024
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  16. Xerobull

    Xerobull ...and I'm all out of bubblegum
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    I miss the prices of everything three years ago.
     
    #36 Xerobull, Jun 5, 2024
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  17. Mango

    Mango Member

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    As usage moves above the monthly Sweet Spot of 2000 kWh, the effective rate moves higher than 14 cents because the Usage Credit is fixed and is being spread thinner to cover the increasing Variable Charges (Electricity & Electricity Delivery).

    jchu14 already mentioned it.


    Usage at 3000 kWh @ month

    3000 kWh *12 (months) = 36000 kWh

    Variable Charges
    36000 kWh *17.3..........= $6,228.00...(Total For Electricity)
    36000 Kwh *4.0189......= $1,446.80...(Total For Delivery)

    Fixed Charges
    12 * $4.39 (Base Delivery) = $52.68 (Total Base Delivery Charges)

    Total Charges
    ..........................................    $7,727.48

    Usage Credit
    12 * $150.00 ..................$1,800.00
    ___________________________________
    Net Charges.....................$5,927.48


    $5,927.48 / 36000 kWh = $0.1647
     
    #37 Mango, Jun 5, 2024
  18. jchu14

    jchu14 Member

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    The two Chariot Energy plans look pretty much identical. They both look like 'free night' plans that has zero energy charge at between 11pm and 6am. This is compensated by the more expensive daytime power. The 14.7c/kwh and 14.0c/kwh estimated average price is from assuming 35% of the power is used during the 'free' hours.

    So these plans could be good for you if you know that you'll use a lot of energy during the free hours. However, they're not true flat rate plans this one.

    Notice that the energy charge (not including Centerpoint fees and base monthly charges) for the True Power plan is 10.3 c/kwh and the free night Chariot plan is 14.1 c/kwh when it's not free.

    If you don't like any of these plans and want to see if things are better in 6 months, this 6 months plan looks good. It's a flat rate plan that's 9.592c/kwh + centerPoint fees.
     
    #38 jchu14, Jun 6, 2024
  19. ElPigto

    ElPigto Member
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    Man how do you all use so much electricity by the way?

    I'm looking at my bills and only during the summer months did I go over 1,500 kw-hr (July through September). May, June, October I was just over 1,000 kw-hr and the rest of the months under 1,000 kw-hr. I live in a 3,100 SF home (1 story).

    My pricing was at 0.127 per kw-hr. I dread next March when I have to pick a new plan based on the prices I'm seeing.
     
    #39 ElPigto, Jun 6, 2024
  20. Mr.Scarface

    Mr.Scarface Member

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    Own a house, use A/C in the Summer....Heater in the winner (heater really uses energy.). Older House. If you have a newer home, it is probably more energy efficient. My out A/C unit is 3 years old, but my attic blower/furnace is OLD.
     
    #40 Mr.Scarface, Jun 6, 2024
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