National Power Company Lost the Battle but Won the War on Dropping Customers
May 28, 2008
Yes, they are out of business. I had a feeling when they were so desperately wanting to drop the fix rate customers, they were in some financial troubles. NPC did not foresee that breaking contracts would attract Texas PUC’s attention, so they were “nicely” reinstate all the fix rate contract right away. I believe that they knew they were going to have their way anyway to get rid of the fix rate customers but without PUC’s possible sanctions, so they go out of business. Lesson to learn for them is that don’t promise something you can’t keep. I don’t regret that I switched to them because overall I still saved for last 8 months. Will I play safer in the future you may ask? You bet! Time to go shopping for electricity provider again!
Entry Filed under: News/Articles Clips. Tags: Electricity Company, Electricity Provider, National Power Co, National Power Company, Power Company.
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1.
Jim | May 30, 2008 at 7:35 am
I been in this business for a while. Only time you go to polar which is the last resort after a company goes out of business, so you won’t be without power. A company cannot just be in business sent there customers POLAR if they don’t want to honor the contracts. Hopefully this is not a loop hole, I will check with the PUC about this. I went to National Power web site and to me it seems like there still in business. Either way if they are still in business they are going to honor my contract. PUC can hit them with some large fines.
2.
Alan | June 2, 2008 at 2:48 pm
I just called PUC today, and confirmed that NPC has left the Texas market with permission of ERCOT, and as of close of business on Friday we (former NPC customers in Houston) have been switched to a provider of last resort (POLR), with rates of about 3x what we were getting under NPC. I shopped around and the lowest fixed-rate contract I found anywhere in Houston was with Hudson at 15.3 cents per kwh. It’s scary, because several months ago 15 cents was the HIGHEST rate I had seen. Now it’s the lowest. And last year at this time, even 11 cents was considered high.
3.
David | June 2, 2008 at 5:36 pm
Alan,
I signed up with Reliant for about 14 cents for 24 months in Houston area. You might want to check it out and shop around. It is sad that 14 cents is considered cheap. Where is the good old day of 9 cents per kWh? Thanks to deregulation!