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In buying electricity, most consumers tend to focus on which company they buy from, instead of when they buy it. Because the price of electricity rises and falls like the price of a company's shares on the stock market, timing is everything.
In Texas, rates primarily follow the price of natural gas, which is used to generate over 60 percent of the state's electricity. The gas market is extremely volatile — far more volatile than the stock market. In fact, over the past five years, the market spiked more than 200 percent, and a swing of over 50 percent over 12 months is not uncommon.
Obviously, the best time to negotiate a new electric contract is when prices are lowest. That's why it may not be a good idea to wait till your current energy contract to expire before buying your next contract.
At PUB, we provide the critical market analysis you need to help judge the best time to engage your next contract. We track the market on a minute-by-minute basis, to help you realize the highest possible savings. We also study the impact of energy prices on Retail Electric Providers. For instance, if a sudden price jump puts a provider on shaky financial ground, you'll be one of the first to know.
This information is available at no extra cost through our monthly newsletter, automatic updates and web portal. It's one more way we work for you.