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One- and two-year plans at an annual low in Houston
But what about the rest of Texas?

Posted by Bobby Dornbos on 10/17/2013 at 3:41 PM

Six-month plans continue on their seasonal price decline as longer term contracts sink to an annual low in Houston. For this update, we analyzed 910 plans from 60 providers across Texas' competitive territories to find that standard six-month, one-year, and two-year contracts are all staying low across all service areas. However, two specific areas of the Texas electric grid are currently subject to higher prices on average.

In the statewide price index views below, you can see that the South and West Texas territories (served by AEP North and Central, respectively), offer the highest prices in Texas. This is directly correlated with the surge of oil drilling activity in these parts of Texas. More drilling equates to a much higher electricity demand in these areas.

See this map for current shale/oil activity as it relates to AEP's service territory.

Prices Dropping:
  • Six-month plans dipped another $1 in average monthtly cost since this time in September. It's important to note that although prices are lowest for these plans in relation to longer-term plans, six-month contracts could continue to drop well into 2014, if last year is any indication.
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  • One- and Two-year plans both dropped about 50 cents in the last month, which means an annual low price for Houston. Elsewhere in Texas, prices for these contracts are significantly cheaper than in the summer months, but have spiked back up since a late-September annual low.

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