Rate Stability That Doesn’t Quit - NEC Coop
Jul 21, 2021 — News
Electricity plans can be confusing, we get it. That’s why we keep it simple for residential members. We offer a single, no-contract, variable rate plan—so you get the best deal possible based on market demands.
But that may leave you wondering, “What happens if there’s a dramatic shift in the energy market?” At NEC Co-op Energy, we work hard to make sure our variable rate plan never feels like a gamble. Year-round, we’re behind the scenes working to provide the stable electricity prices you need, even in the face of extreme weather events.
Here’s how we do it.
A Different Way to Negotiate Contracts
Unlike most Retail Electric Providers (REP) in Texas, we contract our power through South Texas Electric Co-op (STEC). STEC is a Generation and Transmission Cooperative that serves NEC Co-op Energy, along with seven other member cooperatives of South Texas. As a nonprofit electric cooperative, we’re able to buy power from STEC, and then sell it to our members at cost. (Meaning, no additional markups and no hidden fees. You pay what we pay.)
Investments Keep Us a Step Ahead
Through our partnership with STEC, we’re able to make strategic investments in generation resources. These investments allow STEC to continually generate and sell power—even during extreme weather events— offsetting some of the increased market costs of supplying electricity to members. This method of buying and selling power into the market protects our members from drastic spikes.
Electricity (and Support) You Can Count On
As your electricity provider, we’re committed to looking out for our members and will continue our partnerships to ensure rate stability. We are committed to taking an active seat at the table to affect change and minimize impacts for our members today and in the future.
For more information, view our billing FAQs.
Benefits of Membership
As a member of our co-op, you’ll enjoy the following benefits:
- You’ll get a share of our profits.
- You won’t be locked into a long-term contract.
- You’ll get a simple, competitive rate with no surprise fees or markups.
- You can get a $50 bill credit for every new member you refer.
Not to mention, we were recently voted the #1 Electricity Provider by the Corpus Christi Caller-Times’ Best of the Best Awards for the 7th year running!