New meters enabling new rate designs by competitive power suppliers in Texas
Many companies offer retail electric power contracts in the competitive retail portions of Texas, but for a long time the contracts have been kind of, you know, boring: either fixed rate or variable, if fixed then for 1 or 2 years. Renewable content offerings provided a little color, ranging up to 100 percent. Toss in some prepay options and differences on early termination fees, and that about covers the range of options.
Now smart meters, being installed in both the Houston and Dallas-Fort Worth areas, are enabling more diverse rate designs. Elizabeth Souder at Texas Energy and Environment mentioned TXU Energy and Reliant had begun offering time-of-use rates. Souder reports that for the Oncor distribution area (D-FW area)…
Read more at The Energy Collective.
