The price reductions vary depending on the plan a residential customer is on and their location. For a typical single-family household the estimated annual savings could be as much as $300.
"The lower prices reflect the fact that wholesale electricity costs have dropped as the price of natural gas has fallen," said Dave Hennekes, vice president, residential markets. "We are passing lower costs on to our existing customers."
In early October, TXU Energy lowered prices on plans offered to potential new customers as well. Those price cuts were as much as 8 percent.
Last year, TXU Energy lowered prices 15 percent for most of its existing residential customers. The lower price was protected through at least December 2008 with additional price protections in place for 2009.
The November price for TXU Energy's MarketEdgeSM plan, which closely tracks natural gas prices, ranges from 11.3 to 12.2 cents per kilowatt-hour (kWh) of electricity depending on where a customer lives. This price is down roughly 45 percent from earlier this year when natural gas prices spiked to all time highs.
TXU Energy is also the only competitive retail electric provider in Texas to offer its low-income customers a year-round discount. About 113,000 customers are benefiting from an approximate 10 percent discount so far this year. This discount is in addition to the state-funded discounts.
In addition, TXU Energy AidSM - the largest bill payment assistance program in the nation among electric companies - is available to TXU Energy customers who need temporary assistance paying their electric bills. For information on which social service agency provides assistance in their area, customers can call 211 and ask for electric bill payment assistance.
For more information on all TXU Energy plans, go to www.txu.com/plans.
About TXU Energy
TXU Energy is a market-leading competitive retailer that provides electricity and related services to more than 2.1 million electricity customers in Texas. TXU Energy offers a variety of innovative products and solutions, allowing both its residential and business customers to choose options that best meet their needs, including exceptional customer service, competitively priced electricity service plans, innovative energy efficiency options, renewable energy programs and other electricity-related products and services. Visit www.txuenergy.com for more information about TXU Energy. REP #10004.