Oncor Files Rate Review in Texas

by Michelle on January 29, 2011

The New Year has brought with it many electricity rate increases all over the country and that includes the Lone Star State as well.  Some increases were implemented at the very start of the New Year while others are still in the works so consumers should be vigilant in order to know right away if their energy company has plans to raise their rates.  One company that is contemplating a rate increase is Oncor Electric Delivery Company in Texas, a company that serves a large number of Texas electricity consumers.  Although a rate increase for Oncor is not yet definite it is a distinct possibility as the company has already filed a rate review.  Oncor customers who are concerned about their rates being raised can call Electric Rates at 1-800-971-4020 and compare their current rates to other local energy company rates.

  • The proposed Oncor rate increase will be used to cover costs involving health care, employee pensions, and restoration stemming from storms.
  • The proposed rate, if it is imposed, will raise Oncor’s revenues by $350 million.
  • According to the proposal Oncor customers using 1300 kWh’s per month would go from paying 10 cents per kWh to 10.4 cents per kWh.
  • Oncor has spent in upwards of $2 billion for restoration in the last two years.

Likely most energy companies are not happy to raise their rates but nevertheless rates get raised all the time.  Fortunately the Oncor proposal does not impose too stiff of an increase on its electricity customers but for some an increase at all is too much.  Energy users these days though at least have the choice to shop around and look for lower electricity rates through another company.  The internet makes this a simple and quick task so consumers can be saving money quicker than they can say rate increase.

Contact Electric Rates in order to find out if you can save and you could start paying less as early as today.

Let Electric Rates help you make the right choice in an energy provider.

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