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Texas Retail Provider Officially Announces $49 Deposit Plans ENCOA, which recently launched residential electric service in Texas, has officially announced the offering of plans to credit-challenged customers requiring a deposit of only $49.
The product was first noted by Matters in connection with ENCOA's launch of residential service at Texas-New Mexico Power.
The $49 deposit product, which includes a 12-month fixed rate, is also being offered at Oncor and CenterPoint Energy Houston Electric.
At Oncor, ENCOA's $49 deposit product is a 12-month fixed rate of 13.9¢/kWh (all-in average rate at 1,000 kWh).
At CenterPoint Energy Houston Electric, ENCOA's $49 deposit product is a 12-month fixed rate of 14.9¢/kWh (all-in average rate at 1,000 kWh).
Both products include a $14.99 monthly fee for usage under 1,000 kWh, and an early termination fee of $150.
ENCOA is a trade name for TERM Power & Gas, LLC, which is a unit of Twin Eagle Resource Management, LLC
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April 16, 2013
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Copyright 2010-13 EnergyChoiceMatters.com
Reporting by Karen Abbott • kabbott@energychoicematters.com
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