Best month to lock in energy rate

[BOSS]

My rate expires at the end of August (13.8 cents per kwh) and I'm trying to figure out whether I should do a short term lease to get me to some cheaper months or whether I should just go ahead and lock in for a year.

I've used Spark Energy the past two years, but it looks like they are not as competitive in terms of pricing at this point. Any suggestions?

 

[Ray McKigney]

That is a great question. I have not been able to discern any general rule for when rates are lowest. Powertochoose.org. is showing rates at or below .10/kwh for many parts of the state right now. Assuming you can get a rate like that, I would go ahead and do it.

 

[kmac30]

wtf are you guys talking about? can i get power from someone other than austin energy?

 

[LITNIN HORN]

No...if you are in Austin, you buy Austin.

 

[zzzz]

The price of electricity in Texas is closely tied to the price of natural gas. The price of natural gas is apparently falling now (see below). So I think the end of August would be a good time to lock in a plan. Demand for gas ought to pick up once it gets colder up north.

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[zzzz]

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[orangecat]

two years ago in August, the best I could do was 12.9, and that was when it looked like prices would go sky high. I locked up a three year deal, doesn't expire until next August. Hindsight, I could have done better with a two year deal, expiring this August.

I'm not complaining too much, I just wish I could get our usage under control.