Glo State Power Program
Benefits Include:
Credit - Retail services supported by Investment grade credit support that is AAA rated by all three rating agencies.
Product Suite - Program offers full-suite of innovative and competitive retail products, including fixed price, heat rate, block and index, and demand response services
Inclusive Rates - The kWh rate is more inclusive than other providers, reducing the incremental pass-through costs common to other suppliers. The inclusive rate structure provides savings on both energy and TDU
Convenience - Flexibility and benefits of interlocal agreements without added steps of joining purchasing cooperatives or aggregations
TX Permanent School Fund - Provides direct benefit to Public Education with Program proceeds deposited into the Permanent School Fund, supporting public education throughout Texas
Payment Terms - Beyond the benefits of the Prompt Payment Act, the GLO offers flexible early-pay benefits for additional savings for public entities
GRT and PUCT assessments - The GLO does not separately invoice for reimbursements of GRT and PUCA assessments for qualified meters located within incorporated areas, a savings of up to 2.167% on both energy and TDU cost items
Fully Fixed Pricing - GLO's retail electricity rates are inclusive of fees other's routinely pass-through, e.g. emissions, line losses, standing fees, collateral fees
Invoices - GLO's bills are simplified – easy to read, understand, and find the data you're looking for
Experience - GLO program is available through direct sales, aggregations (e.g. Energy for Schools, Public Power Pool, Texas Education Center), brokers, and consultants
Meter Fees - No monthly meter fees
Line Losses - Invoices are based on actual usage and are not grossed up to account for line losses or losses on intra-zonal basis, unless requested by you
Full-Swing Provision - Retail agreement includes full-swing provision
Electronic Billing/ Web Portal - Electronic billing files and free web-based tools allowing easy access to online viewing of invoices