Every quarter, I plan to take a look back at trends in Houston-area electric prices and highlight information that may better equip you to choose an electric plan when your current contract is up for renewal. Let’s start by looking at last summer, which was one for the record books. With record drought and heat, you might have thought that electric prices would have also risen to record levels.

For some customers on variable-rate plans – those whose prices can change each month – they did. Record electric consumption and statewide power shortages led to a spike in the price electric retailers paid generators in the real-time and day-ahead markets, and this may account for a similar rise in month-to-month prices. One co-worker of mine saw his price jump to over 20 cents per kilowatt hour. Ouch!

Read the full article at FuelFix.com.