As of January 1, 2011 customers of Austin Energy began receiving a welcome decrease in their energy bills in the form of a 15 percent fuel charge reduction that affects all customers’ electricity bills.
Prior to the fuel charge decrease the rate was 3.65 cents per kWh but the rate as of January 1st is 3.105 cents per kWh.
A change in natural gas prices is responsible for the savings that Austin Energy customers are now seeing.
Those individuals having their electricity services provided by other companies should call Electric Rates at 1-903-245-4989 to compare rates and find the lowest energy available.
- Approximately $5.50 per month can be saved on energy bills charging for 1,000 kWh of electricity.
- In the last five years three decreases in fuel charges have been established, with two of those occurring in 2007 alone.
- The decrease in fuel charges follows the addition of an 82 cent line charge that was added back in October so the decrease in the amount of energy bills as a result of the fuel charge decrease is a welcome surprise for energy consumers.
- Each January fuel charges are adjusted by Austin Energy which can result in either an increase or a decrease.
Saving $5.50 each month may not seem like a lot but by the end of the year it adds up to a significant amount of money in savings.
At a time when fuel costs are high all over the country a decrease in rates is a rare commodity to be enjoyed.
Some energy consumers in other parts of Texas are experiencing lower energy rates as well but this does not necessarily mean that every Texas electricity company is lowering rates so it is important to shop around if you are looking to save on energy costs.
Use the Electric Rates comparison tool to compare residential energy rates.
Simply enter a zip code and play type to be on your way to estimating your savings if you choose another energy company.
Business energy consumers should call Electric Rates and speak directly to a representative in order to determine which company offers the lowest commercial energy rate.