• Gabe C

Home Electricity Rates are Going Up

Home Electricity Rates are Going Up, getting ready for a hot summer.


Summer energy rates 2020

Indeed, the summer is around the corner. Honestly, so far, this winter has been very mild. Yes, we had a couple of snowy days, however, we have not experienced any winter vortexes or crude winter storms. With that said, I believe that we will experience a really hot summer.


Calculating home energy rates



It's more complicated than it looks like


The energy rates are calculated with many variables. In fact, all electricity companies have their own way to calculate a rate and an energy plan. Including in the rates, we can say there is the price for energy by itself, then we have all the human interaction like customer service representatives, sales teams, managers, accounting, etc. Then we can account the systems they use, platforms, clouds, etc. Also, we need to consider communication systems, the customer and the energy company needs to communicate constantly. Utility charges need to be considered too. More importantly, we need to understand that energy prices fluctuate.



Get cheap electricity while it last

The energy prices change constantly, more than you can imagine. Actually, energy prices change every day. Either way, the electricity companies calculate all this fluctuation and take a risk by setting a fix energy rate. If, for some reason, the energy wholesale price spike and the energy company did not calculate this correctly and the wholesale price spikes, this electricity company easily can go bankrupt.


Texas in 6th place as cheapest electricity in the US


Texas has cheap electricity

By the way, let me say that Texas holds the 6thplace as electricity prices. I mean, Texas is the 6th state in cheapest energy prices in the US. Texas average energy price is around 11 cents per kilowatt-hour. Consider this, California average electricity price is 23 cents per kilowatt-hour and Hawaii, a whopping 27.5 cents per kilowatt-hour.


To conclude. Texas electricity companies are getting ready for an energy price rise and you should too.


Call today to get SAME DAY ELECTRICITY with the best home electricity rates while they last. In all honesty, Payless Power has the best electricity rates.


No deposit electricity with Payless Power is easy.


877 578 2977


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