A quick break from politics.
A few months ago the Public Utility Commission (PUC) requested comments from consumers on how to improve their website the PowerToChoose.com. The Chairman of the PUC stated in the Texas Tribune article:
Donna Nelson, chairman of the Public Utility Commission, said Thursday at a public meeting. “They’ve [electricity resellers] got all these tricky little things in their prices, and whatever the fact sheets are called – the nutrition label – that makes it really difficult for customers.”
Today the tricky little things continue. For example, look at the rate for Volt Electricity Provider (Volt EP)
Volt EP advertises a plan that charges a fixed rate of 7.7 cents per kWh across the board but the details of the plan is something different. According to the Fact Sheet the rate is a type of “average” I have never seen before. For instance if a homeowner uses 500 kWh the bill is $38.50 (7.7 cents per kWh). But if that same homeowner uses only 250 kWh the bill is the same $38.50. (15.4 cents per kWh) Here is a pic from their fact sheet:
So the true cost of Volt EP really isn’t as easy as kWh X 7.7 cents because it depends upon your real usage for the month. Based upon my usage over the last year my real average would be 9.9 cents per kWh about 30% higher than what is advertised.
Welcome to the Texas deregulation market.