The Gexa Basic Plus 12 plan is a fixed-rate electricity plan with a unique incentive for moderate energy users. If your monthly usage consistently exceeds 500 kWh, this plan offers a $50 usage credit, which can significantly reduce your overall costs.
Key Details:
- Energy Charge: The base rate is 20.02¢ per kWh, which is relatively high. However, the plan includes a $50 usage credit if you use 500 kWh or more in a billing cycle, which can lower your effective cost.
- TDU Charges: Standard Transmission and Distribution Utility (TDU) charges apply, including a fixed charge of $4.39 per billing cycle and 3.8264¢ per kWh delivered.
- Average Cost: With the usage credit, the average cost per kWh decreases, particularly for usage around 500 to 1,000 kWh per month. At 1,000 kWh, the average rate is about 19.3¢ per kWh.
Is This Plan Right for You?
This plan is best suited for households that consistently use at least 500 kWh per month, as this threshold is necessary to earn the usage credit. If your usage falls below 500 kWh, the high base rate makes this plan less cost-effective.
Additional Considerations:
- Fixed Rate: Your energy rate is locked in for 12 months, providing protection against market fluctuations.
- Early Termination Fee: There’s a $150 fee if you cancel before the contract ends, unless you’re moving.
- Renewable Energy: The plan is 100% renewable, which is a plus if you’re looking to reduce your carbon footprint.
The Gexa Basic Plus 12 plan can offer good value, but only if you consistently hit the 500 kWh usage mark to benefit from the credit.
