If you are experiencing a power outage, call your utility company in Houston: Recently, electricity prices in Texas have risen due to weather patterns, high electricity demand because of a growing Texas population and market factors such as closings of multiple coal plants. Summer 2018 PSEG Basic Generation Service Rates for Residential Customers Michigan  15.9  40  Washington  9.74  2  Sign In Report Outage Contact Us Multi-year electricity contracts are not unusual; this method of structuring customer timelines is. Our guess: It’s a holdover style of billing from FirstEnergy’s involvement with governmental aggregations — municipal groups that get together and buy their energy as a community. Rather than have the option of a long term or short term plan, consumers are forced to take what’s available to them at the time. AEP Retail Energy 77075 Savings Tips and Tools “I met Elisa Kaplan, President and CEO of Lantern Power, a few years ago. 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