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(Utility) Flat Rate Program
Old 08-22-2008, 06:07 PM   #1
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(Utility) Flat Rate Program

Last summer I enrolled in a new program that our utility company made available for electric/gas customers.

They guaranteed a one year flat rate for electricity of $0.092/kWh and a rate of $1.60/ccf for natural gas. As promised, this is that rate that I have been charged for the last 12 months.

Well, my year is up and I am being asked to agree with the new rates : electric~$0.106/kWh and gas~ $1.60/ccf. If I agree, I can still bail out at any time.

When I agreed to this program last year I had no idea if it was good or bad deal for me and mine. I am no smarter this year.

Can one of you knowledgeable folks advise me if I got a good deal last year? Are they offering a fair (good for me) deal for this year?

It's quite the conundrum....

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Old 08-22-2008, 06:17 PM   #2
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It'd be a bit easier to help if you went to the utility company web site and looked at their current and recent historic tariff rates for gas and electricity.

Within different utilities and regions serviced, rates for both can vary wildly.

Both your electric and gas rates would be considered stupendously cheap in parts of california and hawaii. Maybe quite expensive in a town serviced by a nuke or a hydro dam.

Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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Old 08-22-2008, 06:20 PM   #3
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Not sure about the natural gas price as I'm all electric, but the $0.106/Kwh guaranteed price sounds good to me. I hear many in the DFW area are currently paying $0.12 - 0.14 or more.
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Old 08-22-2008, 08:03 PM   #4
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I would be glad to get that rate. I signed up for 1 year for .16 just last week!

Check out this link for Texas rates.

Women and cats will do as they please, and men and dogs should relax and get used to the idea.<br />-Robert A. Heinlein
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