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New Texas Prepaid Retail Brand Hello Energy Launches Service, Affiliate of Existing REP, Generator
Hello Energy a new prepaid retail electricity brand of Champion Energy (owned by Calpine), has launched service in Texas
Currently, Hello Energy is offering exclusively prepaid variable rate plans with no long-term contract and no early termination fee. Included among these plans are a Free Nights plan and a Free Weekends plan
Hello Energy, which bills itself as "powered by Champion Energy Services," is marketing variable rate plans where an initial set payment is guaranteed to last a certain amount of days. For example, under the Hello Energy Fast Start 40 plan, an initial prepayment of $40 is guaranteed to cover all energy and recurring TDU charges for 13 introductory days at Oncor. After such time, the customer is charged a variable rate, which at Oncor is 9.8¢/kWh, which includes all energy and recurring TDU charges.
Similar "Fast Start" plans are available with initial payments of $20 and $60. The plans with higher initial prepayments cover more days of guaranteed service, and also include a lower variable rate thereafter
Hello Energy's Free Nights variable plan, in the Oncor service area, is quoted as having an all-in charge, at 1,000 kWh, of 9.7¢/kWh, which reflects a current all-in charge of 14.7¢/kWh for daytime usage, and 0¢/kWh for night usage (6:00pm through 7:59am).
Hello Energy's Free Weekends variable plan, in the Oncor service area, is quoted as having an all-in charge, at 1,000 kWh, of 9.4¢/kWh, which reflects a current all-in charge of 13.1¢/kWh for weekday usage, and 0¢/kWh for weekend usage.
Prepaid service fees as listed on Hello Energy's prepaid disclosure statement include:
• Disconnection Recovery Fee (plus TDU Charges): Up to $30.00
• Reconnection Recovery Fee (plus TDU Charges): $0.00
• Minimal Payment Fee: $2.95
• Payment Processing Fee: $2.95
• Account Protection Fee: $5.00
• Revising a TDU Request Fee: $1.95
• Insufficient Funds: $25.00
• Summary of Usage and Payment, if sent via USPS or fax: $2.95
• Additional Billing Summary Fee: $2.95
• Inactive Account Maintenance Fee: $9.95
Hello Energy's prepaid programs allows customers to earn "free electricity" through the following which is added to their account balance:
• $10 Welcome Bonus: When you make your initial payment within 24 hours of sign-up
• $20 Bonus after 90 Days: When your account balance has at least $20 on your 90th day of service
• $30 for every new referral: When you refer a new customer and they make their initial payment
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Offering Guaranteed Number of Days Of Service For Set Prepayment Levels
May 10, 2017
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Copyright 2010-17 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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