TXU Energy announces lower prices

by PegNews wire

DALLAS — TXU Energy announced today that it is lowering prices as much as 15 percent on plans across the state for potential customers shopping for a new electric service plan. According to TXU, a typical customer could save as much as $340 over a year, compared to previous prices, depending on their location and the plan they choose. These price reductions will go into effect by February 1.

“These are challenging economic times,” said Dave Hennekes, vice president, residential markets, TXU Energy. “Our new lower prices can help someone shopping for a new plan save real money.”

The January price for TXU Energy’s MarketEdge plan, which closely tracks natural gas prices, ranges from 11.1 to 11.9 cents per kilowatt-hour of electricity depending on where a customer lives. This is down about 45 percent since natural gas prices spiked to all time highs last summer.

In 2007, TXU Energy lowered prices 15 percent for most of its existing residential customers. In November 2008, the company lowered prices as much as 10 percent for more than 300,000 existing customers on other month-to-month residential plans.

Source: TXU Energy