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TXU Energy Launches Free Nights Plan
May 3, 2012
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Copyright 2010-
TXU Energy has launched an electricity product offering energy charges of 0¢/kWh during the night.
TXU's Free Nights plan, offered for 18 or 24 months, is a three-tier Time of Use product, which includes a monthly base charge, a pass-through of TDU charges regardless of time of use, and the time-based energy charge.
The Time of Use periods are:
• Peak Hours: Between 1 p.m. and 6 p.m. weekdays, Monday through Friday, during the calendar months of May through October except Memorial Day, July 4th and Labor Day.
• Off-Peak Hours: All hours during the calendar year not designated as Peak or Night hours.
• Night Hours: Between 10 p.m. and 6 a.m. all days and all months of the year.
Though there are three TOU tiers, for the current offerings, the peak and off-peak rates are identical. The EFL also includes two distinct off-peak seasons (May to October, and November to April), but none of the offers differentiate the off-peak rate based on season at this time.
For the 18-month product in the Oncor area, the time-based energy charge is 12.0¢/kWh for peak and off-peak hours, and 0¢/kWh for night hours. The all-in average rate for 1,000 kWh is listed as 12.4¢/kWh.
For the 24-month product in the Oncor area, the time-based energy charge is 12.9¢/kWh for peak and off-peak hours, and 0¢/kWh for night hours. The all-in average rate for 1,000 kWh is listed as 13.1¢/kWh.
For the 18-month product in the CenterPoint Energy Houston Electric area, the time-based energy charge is 11.9¢/kWh for peak and off-peak hours, and 0¢/kWh for night hours. The all-in average rate for 1,000 kWh is listed as 13.7¢/kWh.
For the 24-month product in the CenterPoint Energy Houston Electric area, the time-based energy charge is 12.6¢/kWh for peak and off-peak hours, and 0¢/kWh for night hours. The all-in average rate for 1,000 kWh is listed as 14.2¢/kWh.
The energy charge for each TOU period is fixed for the term of the product.
The base charge for each product is $4.95 per month.
An early termination fee of $295 applies to each product.
TXU said that by shifting just 10 percent of their electricity use from daytime to nighttime, when energy charges are free, a customer with an average usage of 2,000 kWh/month can save about $200 a year.
Copyright 2010-
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