Viridian Energy Launches In Texas

Note: When this story was first pulished, Viridian's site listed in one place the Oncor minus-5 rate as, "5% Below the Utility," which reflects the pricing and terminology in its other markets. We noted this in our original story to draw attention to the phrase. The phrase and reference to "utility" has since been removed from Viridian's site

Viridian Energy has launched service in Texas

Viridian said that it is offering Texas customers a 36-month fixed rate (3DOM) which includes a loyalty rebate equal to 5% of usage over a three-year term. Viridian is also offering a "minus-5" rate plan, which is priced, "5% below the norm," or 5% less than, "the median rate in your market."

In the Oncor service area, the Viridian residential minus-5 plan is a 12-month fixed rate plan with 50% green power with an average all-in rate (at 1,000 kWh) of 8.27¢/kWh. A minimum usage fee of $9.95 applies for billing cycles with under 1,000 kWh usage. A $2.95 fee applies if the customer does not use auto-pay. The product includes a $199 early termination fee

In the Oncor service area, the Viridian residential 3DOM plan is a 36-month fixed rate plan with 50% green power with an average all-in rate (at 1,000 kWh) of 8.49¢/kWh. A minimum usage fee of $9.95 applies for billing cycles with under 1,000 kWh usage. A $2.95 fee applies if the customer does not use auto-pay. The product includes a $199 early termination fee

Viridian also offers a residential index rate plan with 50% green power, which currently has an all-in average rate (at 1,000 kWh) of 9.16¢/kWh in the Oncor area. A minimum usage fee of $9.95 applies for billing cycles with under 1,000 kWh usage. A $2.95 fee applies if the customer does not use auto-pay. There is no early termination fee

Service is available at Oncor, CenterPoint Energy Houston Electric, AEP Texas Central, AEP Texas North, and Texas-New Mexico Power.

Commercial service is also available