Steve M. is like many Americans who moved from California to Texas to quite frankly escape a lot of things. He was not prepared for what the electric service market here can do to you such as the all too common off contract rate much higher than original fixed electric rate.
The electric service market has some mine fields and unfortunately he stepped on an all too common one.
Steve is a Dallas electric service customer who is new to the area and unfamiliar with fixed and variable electric rates and plans.
He signed up with Veteran Energy who some say was once was a Veteran owned and friendly company that was bought out and changed.
Steve was initially happy with his fixed electric rate with Veteran Energy but once it came off-contract the electric rate skyrocketed in price.
Steve being from California he was not familiar with how dangerous an off-contract energy price can be in Texas.
He claims his price went up 412 % with Veteran Energy when he came off contract.
In California your electric rate is stabilized so you never need to have a date set to callback your electric provider in Texas and get on a new fixed rate agreement.
The 412 % electricity price increase on Steve’s electric bill is a looming problem in the Texas energy market.
These skyrocketing prices that leave consumers wondering why and how could this have happened is why places like, Connecticut outlawed variable electric rate plans.
I am not saying that outlawing a variable plan is the right course of action as this can cause fixed prices to increase. There should be some added safeguards to help protect people that just are not familiar with how these electric rates in Texas work.
Do You Have a Review of Veteran Energy
If you have used Veteran Energy and have gone from their fixed electric rate plan to an off-contract variable price and had a similar experience we would like to hear from you.
Donny has been writing about the deregulated energy markets since early 2007. His knowledge has helped consumers lower their electricity cost.