Ambit Energy has introduced a new Wholesale Club plan for Texas residential electricity customers.
Just as the name suggests, the plan works much like a wholesale retail club such as Sam’s or Costco. Customers pay a monthly membership fee and gain access to wholesale electricity prices with no mark-ups.
That’s right… no mark-ups!
Because it’s an indexed plan, wholesale prices are based on actual market prices. This can be more volatile than fixed rate and variable plans.
Prices can change because of factors like economic conditions, fuel prices, seasonal electricity demands, generator outages, weather and other factors.
Ambit Energy Wholesale Club Facts
- 12-month term
- Indexed plan
- $0.99/day if on automatic payments
- $1.25/day if not on automatic payments
- TDU fees & taxes also apply
- Must be a residential customer with a smart meter
So, is the Ambit Energy Wholesale Club the best plan for you?
This new plan is ideal for residential customers who use an average of more than 1,000 kWh per month. It’s also great for those who can monitor ERCOT real-time settlement prices. The Ambit Energy Customer App allows customers to do just that in real time.
The app allows customers to check current market prices so they can adjust usage accordingly. It links directly to current and forecasted ERCOT energy prices. Of course, customers can always check current prices at www.ercot.com.
Just for a specific example, a rate check as of this writing, including all delivery fees in the Oncor territory, showed an average rate of 8.6 cents per kWh is usage was 2,000 kWh. Again, this included all prices and delivery fees, including the $0.99 daily membership fee.
Call 469.207.1595 or email [email protected] for more info.
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