Source Power & Gas Launches Residential Service

Source Power & Gas announced that it has begun offering residential electricity in all competitive areas of ERCOT, in addition to its previously launched commercial service.

Source Power & Gas is offering residential customers fixed rate plans with the following term lengths: 6 months, 12 months, 18 months, and 24 months.

At Oncor, pricing is as follows (average, all-in rate per kWh based on 1,000 kWh usage):

6 Months: 7.2¢

12 Months: 8.7¢

18 Months: 8.8¢

24 Months: 9.2¢

At CenterPoint Energy Houston Electric, pricing is as follows (average, all-in rate per kWh based on 1,000 kWh usage):

6 Months: 7.8¢

12 Months: 9.5¢

18 Months: 9.7¢

24 Months: 9.9¢

A monthly charge of $9.95 applies for usage under 1,000 kWh.

Each product includes an early termination fee as follows:

6 Months: $75

12 Months: $150

18 Months: $200

24 Months: $250

"We are excited about our expansion into the residential energy markets. We know that our commitment to the customer's best interest which made us so successful in the commercial markets will translate well into the residential markets. We have seen countless cases where our customized energy solutions and our unique wholesale purchasing strategies have achieved considerable value for our business customers and we look forward to providing the same level of commitment and service to the residential community," said John Werner, President of Source Power & Gas.