NRG Buying Reliant May Mean Savings for Customers, if they Make Suppliers Compete for their Business
Reliant Energy, the second largest energy retailer in Texas, last week announced it is selling its Texas operations to power plant operator NRG Energy. Reliant was originally spun off from the old Houston Lighting and Power, while NRG has bought most of the old HL&P plants, so the deal represents something of a re-integration of the Texas electric market . While the deal has the potential to result in customer savings, customers also need to make sure they get the benefits of lower prices, rather than the savings being retained by NRG. Using SaveOnEnergy.com to find the cheapest electric rate can ensure that customers get the best deal possible, and aren’t paying more than they should. The Reliant sale is being touted as cutting out the middle-man , as NRG intends to sell the power that it generates at its power plants directly to customers, rather
Texans Must Guard Against Paying Too Much for Electricity Even as Prices Fall
Wholesale prices for energy continue to slide on weaker demand and global economic recession fears, but making sure those lower prices translate into a lower electricity rate for your business means you have to fight against the push of many energy suppliers for higher margins on their sales. To avoid buying a high-margin, premium electricity contract, and losing out on all the savings possible with lower wholesale prices, Texas businesses can use SaveOnEnergy.com’s exclusive retail exchange portal to pit up to eight competing energy providers against each other, head-to-head. This competition will ensure customers that they get the best rate an electric company can offer, and that they’re not being an offered a high-margin contract that will make more money for the supplier. It’s currently earnings reporting season for most businesses whose fiscal year ends December 31, and energy suppliers have to report grim news about their
SaveOnEnergy.com Goes Green
SaveOnEnergy.com , your source for finding the best electric rate , is now giving you the same quick and easy access to green energy options for your home or business, with the launch of SaveOnGreenEnergy.com . That means shopping for green energy is now simple, and can be done with just a few clicks of the mouse, anytime day or night. SaveOnGreenEnergy.com works just like SaveOnEnergy.com , which has saved thousands of customers money on their electric bill, only it offers exclusively the best green and renewable energy rates and products. All the features that make SaveOnEnergy.com the best choice for finding low energy prices are there — a number of energy suppliers competing to offer the lowest rate, a simple and fast interface, and the peace of mind from choosing from a selection of vetted and screened energy providers . Aside from reducing air
Trough in Energy Prices Make it Time to Shop for Electricity
Although energy prices remain at attractive lows, a run-up in natural gas and electricity prices may be just around the corner as extreme cold weather depletes stored gas and boosts heating demand. Texas business customers should avoid any jump in electricity rates by taking advantage of the current trough by locking-in a low, fixed rate for electricity service now, by using SaveOnEnergy.com to find the cheapest electricity rate . While natural gas prices had thus far been immune to the cold snap across much of the U.S., that changed last week as prolonged frigid temperatures finally prompted price increases. The Energy Information Administration weekly report shows prices jumped 18¢ versus the prior week, after 195 billion cubic feet of gas was withdrawn from storage to meet higher heating demand. Furthermore, settlement prices for delivery over the next 12 months were as high as $6.65 per MMBtu,
Weak Natural Gas Prices Mean Electricity Savings Now Available for Texas Businesses
Natural gas prices continued to show considerable weakness last week despite two weeks of arctic temperatures across most of the United States. The prevailing lows seen in the natural gas market, with prices not seen years, mean it’s time for Texas business owners to take advantage of the low energy prices by locking in a term, fixed rate for their electricity supply. Using SaveOnEnergy.com to find an electricity provider , businesses can be assured they find the cheapest electric rate , by pitting up to eight competing suppliers against each other to win the customer’s business. Despite extreme cold across most of the country, natural gas ended the week losing another 15.9 cents to settle at $4.417 per 1,000 cubic feet. Natural gas prices are up to 50% lower than in January of 2008, and two-thirds lower than highs seen during the summer. The fact
New Product Names Coming to Texas Electric Market
The landscape of the Texas electric market will soon be changing for residential and small business customers, as the Public Utility Commission is a step closer to finalizing sweeping rules changes meant to add to consumer information and protection. During a PUC meeting last week, the Commission put the finishing touches on revising rules that set requirements for retail electric providers to disclose pricing and other important information to customers; how they label their products; and what notice customers are given when their product is about to expire. The biggest change that will be readily apparent to consumers is a new, PUC-determined separation of products. Currently, customers can choose from a wide variety of fixed-price products and variable-priced products, with a host of “hybrid” products in between, combining elements of both basic types. In order to standardize the definitions of each product type, and
Analysts Warn of $150 Oil in Recovered Economy
Even as oil recorded its worst week in a month , some pundits are raising the alarm about $200/barrel oil in the near future , once the global recession eases. The reasons are several — production cuts, lack of investment, and expected demand growth as the economy recovers. It means Texas electric customers should take advantage of today’s low energy prices now, by locking in a low, fixed rate for electricity using SaveOnEnergy.com . SaveOnEnergy.com allows customers to use the power of competition to find the lowest rate, all from the comfort of their own home in just a few minutes. By finding a new energy provider using SaveOnEnergy.com , customers will be assured of not only a cheap electric rate , but also of receiving energy from a reputable, financially sound supplier with a history of healthy operations in the market. As for
Happy New Year from SaveOnEnergy.com
SaveOnEnergy.com , which lets Texas electricity customers find the best electric rate , is kicking off the new year with a fresh look to its website, but still brings customers all the savings and service thousands of Texas electric customers have already realized through the site. SaveOnEnergy.com has been saving Texans money on their electric bills for six years now. Its industry-leading commercial exchange program allows Texas businesses to get up to eight competing offers from pre-screened energy suppliers , all with a few clicks of the mouse, anytime day or night. Businesses just enter a few simple details such as their address, service area, and monthly usage, and the information is instantly transmitted to eight competing energy providers . These suppliers then contact the customer directly with their best rates, cutting down on time and effort customers have to take in finding the best deal
Falling Energy Prices are Texans’ Christmas Gift
Falling energy prices continue to give Texas electric customers an early Christmas gift, as lower electric rates give Texans the opportunity to lock-in a low, fixed electric rate for the coming year. Fears of a prolonged recession overpowered announced production cuts by OPEC, with oil ending the week at $33.87 a barrel, a four and a half year low . Natural gas ended the week at $5.55/MMbtu after dropping another 7¢ Friday . Persisting low energy prices translate into good deals for Texas electric customers , who have an opportunity to lock-in a cheap rate for 12 months or longer, and ensure continued savings even if prices rebound in the new year. SaveOnEnergy.com allows customers to take advantage of the current lows in the energy market, by empowering them to easily and conveniently find the best electric rate . By having several qualified and vetted
Oil Prices Post Slight Rise Last Week, Window on Cheap Electric Rates may be Closing
Texas electric customers can still act to lock-in a low electric rate before the start of the new year, but prices may soon rise as OPEC seeks to stop oil’s unprecedented slide. While oil was still under $50, prices rose nearly 10% last week, on indications producers are willing to cut supply to support higher prices. News the U.S. government may help automakers through use of the Troubled Assets Relief Program (TARP) bailout fund also stopped a slide in prices. Officials from Saudi Arabia reported that the OPEC member has already delivered cuts promised to OPEC, a sign that world supplies are smaller than traders had estimated. Saudi Arabia ’s oil production was “absolutely” in line with its OPEC quota, Minister Ali al-Naimi said in an interview. The desert kingdom is the world’s biggest oil producer and OPEC’s most influential member. Natural gas prices