Six-month fixed-rate plans: Last week's price increase was short lived, with the average monthly price of six-month plans falling by 40 cents to $103. When compared to prices from July 2011, six-month plans are, on average, $4 more expensive per month today.
One-year fixed-rate plans: The average monthly cost of one-year plans increased by 70 cents, a trend also observed in the Dallas/Oncor service area and other Texas TDU territories. One-year plans are priced at an average monthly cost of $99, which is $2 cheaper than at this time in 2011.
Two-year fixed-rate plans: The price of two-year plans dropped 50 cents since last week's spike. They carry an average monthly price of $104 and are $1 cheaper than those offered in July 2011.
Green Premium: While the average monthly price of standard non-renewable one-year plansgrew by 70 cents this week, the average monthly price for one-year plans generated from 100 percent renewable energy (also known as the "green premium") decreased by $1. The chart below shows ONLY one-year standard fixed-rate and one-year 100 percent renewable fixed-rate plan trends between July 5, 2011 and July 5, 2012.
One-year standard/non-renewable plan prices and 100 percent renewable plan prices tend to be parallel for most of the past 12 months, with the notable exception of January and February of 2012. With standard/non-renewable plan prices increasing during the past two weeks and "green" plan prices decreasing this week, we see a slight erosion in the premium consumers pay for renewable plans.
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). 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