TXU Season Pass: Read this review to avoid a $2,448 Mistake
If you are considering signing up for the TXU Season Pass plan, you may be in for a mistake that would cost upwards of $2,448 more than the lowest rates available today on ComparePower.
As the largest electricity company in Texas, TXU Energy has been heavily advertising their Season Pass plan on TV, radio, and billboards.
We’ll break down this plan and explain the details so that you are informed about what this plan is all about. Ultimately, we are here to help you find your best electricity plan for your Texas home.
Our analysis in this plan review will cover the TXU Season Pass 24 (their 24-month plan) because that’s the one we hear and see most heavily advertised by TXU Energy. However, this review is also valid for all 3 Season Pass plans (TXU Energy Season Pass 12 Season Pass 24, and Season Pass 36).
Any product or company names, marks or logos shown on this page are the property of their respective owners, not of ComparePower. ComparePower is an independent marketplace offering free electricity pricing comparisons for consumers.
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What is TXU Season Pass?
The TXU Energy Season Pass plan advertises a 50% discount on your energy for three months in the winter (Dec – Feb) and three months in the summer (Jun-Aug).
On the surface, this plan sounds like an excellent option. Who wouldn’t want 50% off their energy bill for 3-months in the summer and 3-months in the winter?
Especially since those are the seasons where most Texans see higher than usual energy bills.
But who wins with this plan? Spoiler alert: It’s TXU – not you.
Let’s dive in and take a closer look at the Electricity Facts Label (EFL) to break down this plan and discover, through real math, what it will cost you in comparison to other plans offered by competing electricity providers on ComparePower.
TXU Season pass in Dallas (Oncor)
According to the TXU Season Pass 24 EFL. TXU charges Oncor customers an average price of 12.9 cents per kWh for 2000 kWh of monthly usage.
Oncor serves the Dallas area, which includes Fort Worth, Plano, Arlington, Frisco, Allen, and several other surrounding suburbs.
As of today, ComparePower lists Oncor service rates as low as $0.090/kWh for the same 2000 kWh of energy.
That is a savings of 35% over the TXU season pass plan for the same 24-month term.
If you were to choose the TXU Season Pass energy plan you would be paying $1,080 more per year than the lowest priced plan on ComparePower.com
If you use 2000 kWh a month and signed up for TXU’s Season Pass 24-month term, you’re looking at paying $2,160 more over the course of those 24 months than the lowest priced plan from a competing energy provider on ComparePower.
What about those of us who don’t use 2000 kWh?
Here is the real-math break down for 500, 1000, and 2000 kWh/month usage profiles in the Oncor service area:
TXU Season Pass in Houston (Centerpoint)
Houston residents (CenterPoint service area) see rates as high as 13.5 cents per kWh for 2000 kWh of monthly usage with the TXU Season Pass 24 plan.
As of today, ComparePower has rates as low as $0.094/kWh for Houston area residents including surrounding suburbs of Katy, The Woodlands, Humble, Kingwood, and several other greater Houston area suburbs.
The rate offered on ComparePower by competing energy companies is 30% less for the same 2000 kWh of monthly usage for Centerpoint service area residents.
That is $1,224 more per year than the lowest priced plan on ComparePower.com.
If you signed up for TXU Season Pass 24-month term, you’re looking at paying $2,448 more for those two years than if you were to go with the lowest priced plan from a competing energy provider on ComparePower.
Here is the break down for all usage profiles in the Centerpoint service area so you can see the savings over TXU Season Pass:
Conclusion: Key Facts and Take-aways
Key Fact: The 50% Discount is already included in the price advertised on the Facts Label (EFL).
TXU already includes the 50% discount on the rate you see in their Season Pass 24 EFL.
In other words, the 50% discount is already calculated into the 12.9c/kWh rate (Oncor, Dallas area residents) and the 13.5c/kWh rate (Centerpoint, Houston area residents).
To make this point abundantly clear, without the discount, the rate is a whopping 16.7 cents/kWh for Houston area residents and 15.9 cents/kWh for Dallas – Fort Worth area residents.
There are fixed-rate plans for Houston area residents on ComparePower with rates as low as $0.094/kWh, and $0.090/kWh for Dallas – Fort Worth area residents.
To make matters worse, once you realize you’re paying more than 30% on your electricity bill than competing providers you will have to pay a $295 cancellation fee to get out of your TXU Season Pass 24 plan.
Don’t get locked into an expensive TXU Energy plan under the false guidance or for love of the brand. It really could cost you hundreds or thousands of dollars over the course of your contract.
Keep things simple, shop by price and avoid things that sound too good to be true – because they usually are.
Ready to pass on Season Pass? Enter your zip code to see which electricity plans are available in your area.
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Additional articles about TXU you may be interested in reading:
- TXU Free Weekends Free Nights Unplugged: Avoid a $720 Dollar Mistake
- TXU Reviewed: Free Nights & Weekends Anything but Free?
- TXU Free Nights & Solar Days: Avoid $1,704 Mistake