My guess based on usage during the summer is that I will pay $150 during the peak summer months. Just what kind of money are we talking about? Energy Ogre is able to report that most of its customers have been able to save between 40% and 60% after enrolling in the program. All for about the cost of a monthly Netflix membership. People are shocked when they find out how much they are overpaying,” says Bradshaw. The Texas-based technology company actively monitors thousands of offers and matches them to a consumer’s actual electricity usage, resulting in maximum savings.Įnergy Ogre CEO Jesson Bradshaw says, “We started Energy Ogre because folks weren’t getting the benefits of deregulation. Most people realize that there are probably better solutions out there but because the process can be overly complicated and confusing, and because people are frankly too busy to spend a lot of their time studying all the options, most people are in plans that don’t fit them correctly. I used Energy Ogre to comparison shop for me. With over 600 energy retailers and 1500 plans, how in the heck are we supposed to figure it out? WHAT? Yep, that’s how much I was overpaying! However, I paid $150 to get OUT of my contract and still saved $700 a year. How about budgeting $250 and your bill is $70 on low months and $200 on high months! *Don’t “balance bill.” I understand needing a consistent payment every month, BUT statistics show you may be paying WAY too much. Act under the assumption that you should switch companies every six months or year. Throw in hidden charges and you’ve got the makings of a monster electricity bill. But fall above or go below? Higher rates. That means you might get that great promotional rate if you use between, say, 1,500 and 2,000-kilowatt hours in a month. If you look at most of these programs, the vast majority of the offers are not a rate, they’re a curve-different prices for each quantity of kilowatt-hours that are consumed. *Don’t think, “what’s my rate” for best savings. LEARN you usage DNA and shop the best plan according to how much you use. We all use it differently and at different times. * Use this savings calculator to learn what you should be paying or read your EFL (Energy Facts Label) on your bill. *Note: as part of your bill you pay Oncor AND the retail electric provider. Everybody uses Oncor to handle repairs in our region. Oncor Electric Delivery is responsible for maintaining the transmission system. And don’t believe the fallacy that customers of legacy providers get serviced first when your power goes out. Original providers aren’t the only companies that can offer solid, uninterrupted service. Only five other states see residents spending more. Here are some ways to save on energy bills.īeing on the wrong plan could be costing you. The Texas electricity market was deregulated in January 2002, which gave consumers tons of options for choosing a provider, but not a lot of people got a primer of what the rules were and how to take the best advantage of them. The average Texas household spends $148 per month on electricity, according to a recent report by WalletHub. One thing Texans can always count on is some of the highest electric bills in the country due to sweltering summers and big houses.
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