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Weekly Electric Price Index Update
One-year plan prices fall below six-month plans

Posted by Bobby Dornbos on 04/05/2012 at 9:18 PM

This week, 148 plans were analyzed in the CenterPoint Energy Electric Price Index, from 43 providers.
  • Six-month plans are currently priced lower than one-year plans, as we saw in late April of 2011.  Both plan types could be purchased for $103 per month in early April of 2011; today the average price is $96 for six-month plans and $95 for one-year plans (per month).
  • The price of six-month plans rose less than $1 last week, following the same steady increase that has been typical so far this year. However, the average six-month plan price is currently $6 less expensive per month than it was in April, 2011. 
  • The average price of one-year plans dropped slightly this week, making them $2 a month cheaper than in March and $7.50 per-month cheaper than a year ago.
  • The average price of two-year plans is $4 cheaper per month compared to March, 2011.
  • Over the last month, the "Green Premium", or the amount “extra” you pay for 100 percent renewable energy, increased more than $1 per month for two-year plans. However, even with this increase, the average green plan is only 23 cents per month more expensive than a standard two-year plan.  As the dark green line in the chart below shows, the premium for two-year green plans is virtually zero. By contrast, the Green Premium for one-year plans (as shown in the medium shade of green) is just over $6 a month.
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