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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.
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