![]() ![]() For 9 of our 10 customers the Low Cost Plan ranged 25%-28% lower than Free Pass, and one customer was only 17% lower. So, TXU’s revolutionary plan would have cost every single customer more money. Then we compared this cost to the cost of one of the current lowest cost plans for each month. We removed the 7 highest use days for each month and applied the pricing to the remainder of the days. To analyze this plan, we downloaded a full year of daily meter readings from 10 random customers with high, medium and low usage profiles. Once again, FREE is a great marketing tactic, but Energy Choice Experts is here to help you understand how much the FREE electricity is going to cost you. This means customers will receive almost three months of free electricity each year on their highest-use days, when savings matter the most.” Here’s how TXU is marketing this plan: “ Free Pass is a revolution in the retail electric market, as it automatically gives customers free electricity on the seven days they use it the most every month, all year long. TXU has introduced a new plan for the masses called TXU Free Pass. The auction winning rate from Texas Power Switch was 18% HIGHER than the low cost offers ECE foundįor this customer ECE would save them over $350 per year! The results below are eye-opening:ĮCE found 38 plans with a lower total annual cost We reviewed the winning bid in their latest offer and compared to current low cost offers that Energy Choice Experts would recommend as of for a customer using 14,000 kWh per year. We stand by our previous conclusion…do not sign up with Texas Power Switch if you want the best deal. They add that with more customer registrations for their service, the result will be a better rate.Įnergy Choice Experts has reviewed offers from Texas Power Switch before (posted here) and have exposed their high-rate plans, but it’s been a while so we thought we would check in on them. They say you receive a “competitive” electric rate by pooling customers together and then holding an auction with energy suppliers who bid on the potential customer business. Texas Power Switch claims there are savings in group buying. Instead, they must purchase that electricity at wholesale rates from other providers and then resell it to end consumers.Texans need to read this before they fall for the bait and switch that Texas Power Switch has offered in their most recent energy auction. The supplier currently does not produce any of the electricity that they sell. This is the 271st lowest average monthly bill amount for a supplier in the country. ![]() The US average monthly residential electricity bill is $ 131.84, while the YEP Energy average is 42.42% below at $ 75.9 per month. ![]() They earned $ 70, 371, 000 in 2021 from sales to retail customers alone. The purchase of wholesale electricity made up 100.00% of the electricity sourced by the company. The company had sales of 1, 183, 677 megawatt hours in 2021 sold to end users. The average residential electricity rate for YEP Energy is around 5.68 cents per kilowatt hour, which is, thankfully, 61.74% less than the average national price of 14.84 cents. With 62, 040 total customers, the company provides electricity to 3, 359 commercial accounts and 58, 681 residential customers. With their main offices in Houston, Texas, YEP Energy provides electricity to 3 states in the nation and is considered a retail power marketer. ![]()
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