Welcome to TrueCost
Create Profile Login
TrueCost Electric Portal

Weekly Electric Price Index Update
One and Two-year prices dipping while the Green Premium returns

Posted by Bobby Dornbos on 03/29/2012 at 9:18 PM

This week, 149 plans were analyzed in the CenterPoint Energy Electric Price Index, from 43 providers.
  • Six-month and one-year plans are priced very similarly, as they were this time last week, and last year.  Both plan types could be purchased for $103 per month in March of 2011; today the average price is $96 per month.
  • The price of six-month plans rose less than $1 last week, following the steady increase that has been evident thus far in 2012. On the other hand, the average price of six-month plans have fallen by more than any another plan type over the last year. The average six-month plan price is currently $7 less expensive per month than it was in March, 2011. 
  • The average price of one-year plans stayed very close to last week’s price, which makes them $2 a month cheaper than in February and $7 per-month cheaper than a year ago.
  • The average price of two-year plans essentially remained unchanged last week, falling a meager 30 cents. They are $4 lower than this time last year.
  • The Green Premium, or the amount “extra” you pay for 100 percent renewable energy, increased across all plan types shown in the Index. Six-month and one-year 100 percent renewable plans are currently $4 and $6 more expensive than the standard average prices for these contract lengths, respectively.
  • However, the average price of two-year renewable plans are essentially the same as two-year non-renewable plans. As the dark green line on the chart below shows, the average price of all-renewable, two-year fixed-rate plans is only 29 cents higher than standard, two-year plans. 
User-added image
 

News & Insights

Moving to an apartment complex?
You have electric choices!

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

What happens when an electric company goes out of business?
Rates could increase under the "Provider of Last Resort"

Record highs for electric plans
Three years of data don't lie

TrueCost variable rate tracker
Keep an eye on high prices

Veteran Energy gives back to those who serve
A Texas company that does so much to give back to the U.S. military community

Skyrocketing six-month plans and other March trends
Electric prices feeling the heat from natural gas spikes

Electric company reviews you can use
The steps we take to help ensure reviews on TrueCost are trustworthy and valuable

Switching is up in 2014
23 percent higher than 2013 so far

Electric price trends for February
Statewide averages just over 10 cents


Electric Price Trends

Track the latest price trends and market conditions.

Learn More

Current Poll