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ERCOT’s wholesale price cap is currently set to $9,000 per MWh, so in theory, your electricity provider may have to purchase real-time electricity at that rate if customer usage surpasses the purchased load. Rates in the Texas retail market began to rise in February 2018 reflecting uncertainty of wholesale prices. These wholesale prices have continued to rise, leading some Retail Electricity Providers (REPs) to either temporarily stop selling 6 month electricity plans, or completely halt new enrollments beginning in April 2018 for a few months and simply service their existing customers until the price risk goes down. 4Change Energy - Generous Saver 12 12 months $0.109 / kWh Electric Cooperatives by Gartner® Photo: Hxdyl, Stock Photography Unit 844-239-4959  Popular Thank you for visiting Xcel Energy. You have been selected to participate in a brief customer satisfaction survey to let us know how we can improve your experience. 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