Weekly Electric Price Index Update
Longer term fixed-rate plans resume a pre-summer price incline.
This week, 149 plans from 43 providers were analyzed in the CenterPoint Energy Electric Price Index.
- For the fourth straight week, six-month plans are priced at a similar level as one-year plans. Including the 40 cent decrease over the last week, six-month rates now cost $95 a month on average. This price is nearly $8 lower per month than it was in April, 2011.
- The average price of one-year plans rose 50 cents this week, but they are still $7 less expensive that in April of 2011. As with six-month plans, one-year plans currently cost an average of $95 a month.
- Two-year plans followed a similar trend as one-year plans, with their average price rising 70 cents. The current price of $103 for two-year plans makes them $3 cheaper than in April of 2011.
- The "Green Premium", or the amount “extra” you pay for 100 percent renewable energy, decreased for all plan types this week. Additionally, for two-year plans, the "reverse" Green Premium that was observed in February and March of this year has returned. Currently, the average monthly prices for 100% renewable two-year plans are 20 cents less expensive than standard two-year plans.