When searching for an electricity provider in Texas, you’re likely sifting through dozens of options offering every combination of rates, plans, and promotional deals. One name that often comes up is V247 power. In this comprehensive guide, Comparison Junction delves into what makes V247 power stand out, examining its rates, customer reviews, and overall value-based on the data from Choose Energy®, V247 Power’s official site, and third-party evaluations.
Company Overview
V247 power, officially operating as V247 Power Corporation, is a retail electric provider founded in Texas in 2012. The company serves the deregulated electricity markets throughout ERCOT, offering both residential and commercial plans. Customers across regions managed by CenterPoint Energy, Oncor, AEP (South Central & North), and Texas-New Mexico Power can access V247 power’s offerings.
V247 Power prides itself on delivering transparent, competitive plans with no hidden fees, supported by 24/7 access for billing and payments. It emphasizes straightforward customer service, billing accuracy, and a streamlined approval process. The company holds an A+ rating with the Better Business Bureau (BBB), reinforcing its claimed commitment to trust and professionalism
Rates & Plans
V247 power caters to different preferences with a mix of fixed-rate and variable-rate plans, spanning from one to three years. Their approach includes:
Fixed-rate plans – These offer price stability by locking in the per kWh rate for the duration of your contract. It’s a good plan if you want consistent billing for easier budgeting powerwizard.comv247power.com.
Variable-rate plans – Prices can fluctuate month-to-month based on market conditions. V247 power shares historical variable-rate information on its website for transparency Callmepowerpowerwizard.com.
Base-charge options – Some fixed-rate plans include a low base fee (e.g., $4.95/month), which generally yield savings for higher-usage households. If your use is below a certain threshold (around 412.5 kWh/month), a no-base-charge option might be more cost-effective
In terms of promotions, V247 power offers some attention-grabbing perks:
- Free Weekends – With a smart meter, residential customers can receive electricity at no charge from 12:00 AM Saturday to 11:59 PM Sunday, equating to over 100 free days annually.
- Free Nights – Electricity is free during off-peak hours, from 8:00 PM to 4:59 AM CST.
- Referral Bonuses – Current customers can earn a $25 credit for referring new customers (who must stay active for at least three billing cycles).
- Savings Made Simple Plans – These straightforward rate plans come with new customer incentives like $50 credit for 24‑month plans and $25 credit for 12‑month plans, plus the opportunity to stack referral credit for up to $75 total.
Looking back to 2021, reports show that V247 POWER CORPORATION ranked among the top 3 lowest average rates for non‑green, 12‑month fixed plans in the CenterPoint delivery area averaging around 9-10.4 cents/kWh.
Similarly, in April that year, it had one of the lowest 24‑month fixed rates for 2000 kWh in the same area. Such historical pricing indicates competitive positioning, though users should always verify current rates by entering their ZIP code on the provider’s portal.
Customer Reviews & Reputation
Ratings –
- BBB – V247 power holds an A+ rating, reflecting relatively few complaints relative to company size.
- PUCT Complaint Scorecard – However, V247 fares less favorably here, indicating more complaints per customer than many competitors
Third-Party Feedback –
- Many of the glowing reviews on V247’s site (e.g., from “Larry” and “John”) highlight transparency, accurate billing, no hidden fees, and smooth transitions.
- Some independent reviews commend the simplification of billing and customer service experience.
Critical Caveats –
- In 2022, V247 lost its ability to operate under ERCOT due to compliance issues, causing customers to be transferred to a Provider of Last Resort (POLR). POLR rates are typically variable and can be significantly higher.
Comparison Junction Summary
Pros of choosing V247 power:
- Diverse Rate Options – fixed, variable, base-charge and no‑base-charge, suited to different usage levels.
- Innovative Promotions – Free weekends, nights, referral credits, and bonus incentives.
- Transparency – Smart meter perks, shared variable-rate history, billing clarity.
- BBB accreditation with strong rating.
Cons to weigh:
- Not strong on the PUCT complaint scorecard—higher relative customer complaints.
- Historical instability (e.g., 2022 ERCOT license revocation) could be a serious concern.
- Fine print matters, cancellation or early termination fees can be steep, especially on short-term contracts.
For Texans in a deregulated market, V247 power can be an attractive choice, especially for high-usage households that can benefit from base-charge savings, or those valuing innovative offerings like free weekends or nights. The company’s promotions and clear billing practices make it appealing at first glance.
However, potential customers should tread carefully: always read the fine print about fees, validate promotional terms, and stay alert to licensing or regulatory news. It’s wise to compare current offerings across multiple providers, checking both rates and customer feedback, before committing.
At Comparison Junction, we recommend using tools like Choose Energy® to instantly compare V247 power with alternative plans available in your ZIP code, so you can confidently make an informed energy decision.
