In the example below see how Energy Choice Experts saves the average customer between $240-$300 per year on electricity.
Other services provide you with your lowest rate based on your average usage of 500 kWh, 1,000 kWh or 2,000 kWh. Your actual usage each month can vary significantly from these averages, which can materially affect the price you pay for your electricity. If you choose the lowest rate based on an average, there is a good chance you are leaving money on the table.
energy choice experts can save you money by ensuring you select the lowest cost option based on your actual historical usage rather than your average use.
The analysis below uses an average 12 month Texas residential usage profile and the rates on powertochoose.org published on May 17, 2015.
Consumers often choose their plan based solely on the lowest published rate. Using this strategy would have resulted in the following electric plan choice:
However, these rates are effective if you use the exact average listed. If you use slightly more or less than the average shown in any month your effective rate will often increase significantly, which will increase your overall cost.
The Energy Choice Experts model focuses on your annual cost instead of the lowest rate. Our model may reflect a higher 1,000 kWh or 2,000 kWh rate, but your annual cost will be lower.
Results using Energy Choice Experts lowest cost model:
In the example above you may have chosen the $0.052/kWh rate if you were focused on the absolute lowest rate for an average 1,000 kWh/month or the $0.064 rate for an average 2,000 kWh/month usage. However, the Energy Choice Experts model showed that neither of the lowest rate plans would have provided you the lowest annual cost. Using our recommendation would have saved you between $240-$300 per year, depending on your usage.