Poor says the problem is that the state’s Power to Choose website will often pull up plans with what look like cheap rates. (For our previous reporting on what Texans actually pay for electricity, click here.) “Some people can save less, some people can save more, but on average, Texas consumers could cut down on their utility bills by 50 percent, by half,” said Poor. Poor says they’ve found - by analyzing the electric bills of several hundred Texans - that a lot of people are paying way too much. His company promises to provide an unbiased analysis comparing your current plan to others. He’s not a customer, he’s in Los Angeles where he’s the founder of a web venture called Blue Dot. What Is The Electric Reliability Council Of Texas (ERCOT)?“As far as I can tell these plans are designed to make it difficult to compare,” says Robert Poor. One customer alleged that electricity providers we’re using “artificial pricing schemes” to mislead consumers who use the Power to Choose website to find the best plans. Claire, have filed formal comments with the Public Utility Commission of Texas. It’s supposed to allow you to compare all those rate plans to find the one that’s the best deal for your household. Claire says a big problem he found is the state’s own Power to Choose website. “It would amount to the thousands of dollars,” he said. Claire think he’s lost by not being signed up with the best plans available over the years? Claire’s hard work, he says he still ended up with bad deals. That means you pick from dozens of electricity providers who each offer many different billing plans. Claire lives in Dallas, which like Houston and much of Texas, is part of the so-called competitive electricity market. What’s taking up so much of this retiree’s time? It’s his electricity bill. I had to do a spreadsheet in order to make any sense of it,” St. He’s been spending hours reviewing complicated contracts and pricing formulas. Which is all good to know as you consider what now is challenging his analytical abilities. He graduated from MIT and became a lawyer and did big real estate deals. But are you spending more than you have to because you used the state’s Power to Choose website to pick your electricity provider?įrank St. With temperatures near 100 degrees, this is the time of year when we spend the most money to run our air conditioners.
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