|
Texas Electric Choice Month - A Time to Shop and
Compare
AUSTIN – Texas Gov. Rick Perry has declared
April 2003 as Texas Electric Choice Month.
The Governor’s declaration is part of a statewide
campaign created by the Public Utility Commission of Texas (PUC)
to educate Texans about electric competition and the choice it brings.
“Texans are learning that they can save money
by shopping for electric service,” said Gov. Perry. “Giving
customers power over their buying decisions is what choice is all
about.”
Saving money is just one of the many ways Texas Electric
Choice can benefit Texans, but for many electric customers price
is the most important factor when choosing a Retail Electric Provider.
“Customers who switch to the lowest cost provider
can save between $180 and $324 over the year,” said Rebecca Klein,
Chairman of the Public Utility Commission (PUC). “We encourage
every Texan to learn how Texas’ competitive electric market works
and how to shop for the electric provider that’s best for them.”
Gov. Perry also encouraged Texans to take advantage
of some shopping tips that can make selecting the right Retail Electric
Provider a little easier.
The PUC requires all Retail Electric Providers to
provide potential electric customers with all the information necessary
to make an “apples-to-apples” comparison of offers from competing
companies. In fact, the PUC requires each electric provider
to present this information in a standardized, easy-to-understand
format known as an Electricity Facts Label.
Similar to a nutrition label found on many food products,
the Electricity Facts Label allows a customer to compare information,
making it easier for customers to select a Retail Electric Provider
based on what matters most to them.
The Electricity Facts Label provides information
on electric prices, contract terms, sources of generation and emissions
levels. These “ingredients” can help customers make an informed
decision about their electric service.
- Electricity Price — Includes the average cost of
electricity in cents per kilowatt-hour (kWh) at various usage
levels. The price includes all charges for generation (including
fuel), delivery and customer service. Any incentives or promotional
offers from the Retail Electric Provider are also included in
this price.
- Contract Terms — Specifically informs customers
about the duration of a contract and cancellation fees (if any).
- Sources of Power Generation — A percentage-based
list of the fuel used to generate electricity. Retail Electric
Providers may purchase power from different generation plants
that use various fuels such as natural gas, coal, nuclear energy
or renewable sources like wind and solar.
- Emissions — The amount of air emissions attributed
to the sources of generation used to produce power. Use
the bar chart to see how the Retail Electric Provider’s emissions
compare to the Texas average.
|