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Low natural gas prices contributed to the relatively stable cost of one-year plans in 2011 and 2012. But, with natural gas prices increasing from the late months of 2012 all the way into summer in 2013, one-year electric plans saw a larger than usual increase in price during the first half of 2013. This pattern is once again evident in 2014, with prices on a steady incline, due to the upward natural gas trend. Only time will tell as to what effect this will have on one-year plans as the year continues.
This chart shows the average price for a one-year fixed-rate plan (excluding 100 percent green energy plans).
Average monthly costs as shown are based on a customer who uses 12,000 kilowatt-hours per year. See "About the Index" in the right column to learn more about how the Index is calculated.
AEP Central serves Corpus Christi, Laredo, McAllen, San Benito and Victoria.
For a map of AEP Central's service area and more information, click here.