Welcome to TrueCost
Create Profile Login
TrueCost Electric Portal

Frequent price changes make for inconsistent trends
Electric price trends for the week of July 6 - 12

Posted by Bobby Dornbos on 07/13/2012 at 8:00 PM

This week, 145 plans from 45 providers were analyzed in the CenterPoint Energy Electric Price Index
  • Six-month fixed-rate plans: Dropping an average of 50 cents since last week, six-month plans are now priced at $103. And although these plans jumped up by $1 on July 12, six-month plans are on a gradual descent in price. However, six-month plans are $3 more expensive than July 2011.
  • One and two-year fixed-rate plans: Following near-identical trends currently, one and two-year plans both ended this week with a slight decrease (less than 50 cents, on average). When considering the entire span of the week, these plans have increased by nearly $1. Sitting at average monthly prices of $100 and $105, respectively, one and two-year plans have increased $3 since this time last month. Interestingly enough, six-month plans have increased by the same margin since last month, although now have trended downward in price.
  • Three-month fixed-rate plans:  As we also observed in late June, three-month plans continue to increase past last year's average annual high of $106 a month. Currently priced at $114, it's evident that these plans are least attractive when the contract will cover hotter months. It’s worth noting that last year, three-month plan prices peaked at about this time. They began declining as the summer months came to a close.
User-added image

News & Insights

Moving to an apartment complex?
You have electric choices!

Analyzing your home or apartment's usage
myTrueCost.com offers daily or weekly reports

What happens when an electric company goes out of business?
Rates could increase under the "Provider of Last Resort"

TrueCost variable rate tracker
Keep an eye on high prices

Electric company reviews you can use
The steps we take to help ensure reviews on TrueCost are trustworthy and valuable

Veteran Energy gives back to those who serve
A Texas company that does so much to give back to the U.S. military community

Switching is up in 2014
23 percent higher than 2013 so far

What it takes to start selling electricity
Wondering if just anyone can start a company selling electricity? The answer is no.

Saving money with light bulbs
Instant gratification via smart meter

What happens when your plan expires?
Your electric rate could go up by 65%!

Electric Price Trends

Track the latest price trends and market conditions.

Learn More

Current Poll