We often think it’s kind of ironic that in a state of electricity choice, our great capitol is one of the last publicly owned utilities where consumers don’t have choice. Austin Energy is one of the largest companies of this kind and according to the EIA (Energy Information Agency), in 2013 Austin Energy’s average rate was 11.09 ¢/kWh. Now, let’s take a look at some data.
It’s easy to see that Austin energy is markedly lower than some of the larger retail electricity providers in Texas, but it’s also a lot higher than most competitive retailers that focus on competitive rates and premier service like power express.
Recently, there has been some legislation and commotion in Austin about considering the introduction of choice to some of Austin Power’s rate payers (read more about it here). Over time, we’ve noticed that adopters of choice have reaped huge cost savings benefits of switching their Texas electricity services away from the incumbent retailer. The kicker is what happens to those who never take action and fail to switch away? Well. The graph above tells it all. We’d like to hear what you think. What’s been your experience in switching providers?