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.
CenterPoint Intelligent Energy Solutions LLC, IES, which manages TrueCost, is not the same legal entity as CenterPoint Energy Resources Corp. (CERC) or CenterPoint Energy Houston Electric, LLC (CEHE), nor is IES regulated by the Railroad Commission of Texas or the Public Utility Commission of Texas. You do not have to buy products or services from IES in order to continue to receive quality regulated services from CERC or CEHE.
Looking for other CenterPoint Energy services? Click here