New TXU Energy Fixed Product Includes 50% Discount on Energy Charge for Initial Two Months

TXU Energy has launched a new product for ERCOT residential customers which applies a 50% discount to the energy charge for the first two months.

TXU Energy's Simple Rate 24 is a 24-month fixed rate, consisting of a base charge of $4.95 per month, an energy charge, and a pass-through of TDU charges.

A 50% discount will be applied to the energy charge for the first two "full" bills. For the discount calculation, a full bill is considered to be 16 days or greater. If the first bill is less than 16 days the discount will be applied to the first bill and the next two full bills

The discount does not apply to TDU Delivery Charges, Base Charge, state and local taxes and any other billed charges.

The product includes an early cancellation fee of $295.

In the Oncor territory, the product's Electricity Facts Label average all-in rate for 1,000 kWh usage is 12.4 cents per kWh, reflecting an energy charge of 8.7 cents per kWh, plus the $4.95 base charge and a pass-through of TDU fees.

In the CenterPoint Energy Houston Electric territory, the product's Electricity Facts Label average all-in rate for 1,000 kWh usage is 13.6 cents per kWh, reflecting an energy charge of 8.7 cents per kWh, plus the $4.95 base charge and a pass-through of TDU fees

In the AEP Texas Central territory, the product's Electricity Facts Label average all-in rate for 1,000 kWh usage is 13.6 cents per kWh, reflecting an energy charge of 8.4 cents per kWh, plus the $4.95 base charge and a pass-through of TDU fees.