Entrust Energy yesterday publicized refreshed pricing for residential service at CenterPoint, and told Matters that it would soon expand to additional areas in ERCOT.
As first reported by Matters, Entrust Energy is a start-up led by several veterans of the Australian power market (see 8/26/10). Tom Gilpin, President and CEO of Entrust Energy, was previously Head of Commercial Operations at Australian Power & Gas, a residential-focused supplier which had 150,000 accounts at the time Entrust Energy was formed in the summer of 2010 (and now has over 250,000 accounts), and Australia's fastest-growing publicly listed company.
Entrust Energy currently offers service at Oncor and CenterPoint, and told Matters that it would be launching service at AEP Texas Central, AEP Texas North, and Texas New-Mexico Power later this month.
Entrust Energy's new CenterPoint offer is a 12-month fixed rate of 9.9 cents per kWh. Entrust Energy said that the price is its lowest rate at CenterPoint to date.
The product includes an early termination fee of $200.
Entrust Energy is promoting the fact that the product does not include a monthly customer charge from Entrust (although part of the TDU charges are applied as a flat fee per month with the remainder charged volumetrically); that it does not charge to pay online; and that it does not charge for customer service calls. Entrust Energy also touts its Texas-based customers service, and does not use overseas call centers.
Entrust Energy is also listing the offer on online brokering website Shop My Power.
Entrust Energy's offer compares to the lowest 12-month fixed rate at CenterPoint of 9.1 cents, offered by several providers.
At CenterPoint, Entrust Energy also offers a 100% renewable plan at 11.8 cents per kWh, fixed for 12 months. The product also includes an early termination fee of $200.
At Oncor, Entrust Energy's 12-month fixed rate is 10.6 cents, and its 100% renewable, 12 month rate is 11.2 cents.