Weekly Electric Price Index Update
The falling fixed price trend continues
This week, 148 plans were analyzed in the CenterPoint Energy Electric Price Index, from 43 providers.
- The price of six-month plans rose 66 cents 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 now $6 less expensive per month than it was in March of 2011.
- The average price of one-year plans declined $1 last week, making them $4 a month cheaper than in February and $5 a month cheaper than a year ago.
- The average price of two-year plans continued to decline as well, falling 65 cents last week. The average prices is now $3 lower than both last month and this time last year.
- The unusual disappearance of a “Green Premium” for two-year plans persisted again this week. While renewable energy historically costs more, the average cost of two-year, "green" plans is 10 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 virtually zero.