Welcome to TrueCost
Create Profile Login
TrueCost Electric Portal

Weekly Electric Price Index Update
Six-month and one-year plans cross price-paths

Posted by Bobby Dornbos on 02/29/2012 at 4:42 PM

This week, 148 plans were analyzed in the CenterPoint Energy Electric Price Index, from 43 providers.
  • Much like this time last year, six-month and one-year plans are priced very similarly.  Both plan types could be purchased for $102 per month in March of 2011; today they can be locked in at $96 per month.
  • The price of six-month plans rose $1 last week. Over the last year, however, the average price of six-month plans have fallen by more than any another plan type. The average six-month plan price is currently $6 less expensive per month than it was in March 2011. 
  • The average price of one-year plans stayed basically the same as last week, which makes them $3 a month cheaper than in February and $5 per- month cheaper than a year ago.
  • The average price of two-year plans moved up 24 cents but is still $3 lower than this time last year.
  • The unusual disappearance of a green premium for two-year plans continued for a third week in a row.   While renewable energy historically costs more, the average cost of two-year green plans is 51 cents lower than the price of standard two-year plans. As the dark green line in the chart below shows, the premium for two-year green plans (the amount "extra" you pay for renewable-only energy), is less than zero.
User-added image

News & Insights

Days of Thanks: StarTex Power
Investing in its communities: StarTex Power gives back

Days of Thanks: Frontier Utilities
How Frontier Utilities gives back

Electric price trends for October
Autumn brings low and steady rates

Electric price trends for September
All fixed contracts at a six-month low

Electric price trends for August
Rates dropping as summer nears its end

Moving to an apartment complex?
You have electric choices!

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

Electric price trends for July
Prices cooling off as weather heats up

Electric price trends for June
Annual price peak rounding off

Direct Energy joins TrueCost
Another highly requested provider jumps on the bandwagon!

Electric Price Trends

Track the latest price trends and market conditions.

Learn More

Current Poll