Hino Electric Power Co

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Hino Electric Power Company is a Retail Electric Provider located in Harlingen, Texas, in the Rio Grande Valley serving the residential and commercial end users with affordable, low-cost electric rates to all cities of South Texas including, but not limited to McAllen, Edinburg, Pharr, Alamo, San Juan, Mission, Edinburg, Hidalgo, Rio Grande City, La Joya, Harlingen, Weslaco, Donna, La Feria, Port Isabel, South Padre Island, San Benito, Los Fresnos, Raymondville, Lyford, Brownsville and surrounding cities in the Rio Grande Valley and South Texas such as Laredo, Alice, Beeville, Hebronville, Zapata, and Corpus Christi as well as all cities open the electric Deregulation in the Texas ERCOT Market.
HINO Electric Power Company, the only locally owned and operated Retail Electric Provider (REP) in South Texas, the low cost Texas Electricity Company in South Texas, will always be vigilant in providing you with the most COMPETITIVE ELECTRIC PRICE, low cost electricity and low cost electric rates; Guaranteed, and the best One-on-One Customer Service with our "Open Door Policy."

Hino Electric offers prospects Straight Forward Contracts, providing you with low cost electricity pricing in South Texas (McAllen, Harlingen, Brownsville and other cities), great customer service, accurate billing, and offering the most competitive and low cost retail electric prices and low cost retail electric rates!

When you choose HINO Electric Power Company as your Retail Electric Provider (REP), you are not only choosing one of the best Texas Electricity Companies in the Rio Grande Valley and other cities across Texas, but you are also making the first step to start saving money on your electric bill. When you choose HINO Electric Power Company, the delivery and reliability of your electric service will not be compromised in any way whatsoever. When you choose HINO Electric as your Electric Service Company, the transaction is merely financial and not physical. Low-cost electricity is what we sell. Electricity in South Texas is an unavoidable cost of doing business... but now you have a choice!

Texas Electric Deregulation gives you the freedom to select the best Retail Electric Provider (REP) or Electric Company for your specific requirements. Because HINO Electric Power Company provides low cost electricity exclusively to Texas end users, we are focused on your electric needs. Our innovative business-focused approach makes electric service easier for you to manage and understand. The same electricity at significant savings, low cost electric rates and electric pricing! We provide the same electricity you have always known, delivered over the same electric lines, but thanks to today's Texas competitive deregulatory environment, we can now deliver low cost electricity more competitively. All this without sacrificing service or reliability.
Hino Electric as your Texas Electric Company also offers on this website its Energy Price Outlook in a weekly video format where Alex Hinojosa Jr., CEO and President, gives you the best advice on how to save on energy-saving strategies that can make a difference in your household budget.. Alex Hinojosa, Jr., CEO of HINO Electric, gives his weekly Electric Price Outlook, giving insight on natural gas supply/demand, natural gas price outlook, electric supply/demand and electric price outlook in Texas, focusing on the natural gas prices, natural gas outlook and electric prices and electric rates in South Texas. Visit us often for more low cost and no cost energy saving ideas. We are here to help with useful information which can give you some guidance on the direction of the electric market in Texas, such as when to lock, how long to lock in and pricing options and strategies.
While there are many factors which affect Electric Prices in South Texas and choosing your Texas Retail Energy Provider, one of the main components which make up electric prices and electric rates or the cost of electricity is the forward curve or the price of natural gas going forward into the future. Physical Natural Gas supply and demand in South Texas and across the country affects the electric price outlook in the Texas Electric Market. Electric supply and demand also affect electric prices and electric rates in South Texas. Understanding the natural gas price outlook gives us insight on the electric price outlook for commercial and residential electric users in the Rio Grande Valley. Watch our weekly updates on the electric supply demand price outlook and take note of our charts comparing Texas electric rates and electricity prices to natural gas prices, natural gas trends and natural gas and electric price outlooks.

Learn more about South Texas Low Cost Electricity and the best Retail Electric Provider, (REP) HINO Electric Power Company. Experience the savings we can offer your business or residence with South Texas lowest electric rates and lowest electric prices.

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*Offers subject to change without notice. Offer vs. Executable contracts with terms of service and conditions, Energy-only and comparable offers within the previous 24 hours. TDSP charges, pass throughs and applicable taxes not included. Qualified buyers, deposits may be required. Call Hino Electric 956 661-9955 or visit www.hinoelectric.com

11-2-10 Gas up $0.33 to $3.886. Last week's EIA storage report showed a 71 BCF injection bringing gas stocks up to 3.754 BCF or 1 BCF less than this time last year. The Nov. Gas contract expired last week sending the front month up $0.60/mmbtu. Since the 25th of Oct., the front has jumped 57 cents. Fundamentals have not changed. Near-record Gas Storage as winter begins will be the case as we have one or two more weeks of net injections. After, storage withdrawals will begin to feed growing winter demand. Lock-in now for winter, but expect more corrections in the longer term months coming in the late winter and Spring of 2011. ERCOT day-ahead prices down.
10-22-10 Gas unchanged after yesterday's 17 cent decline in the front bringing the front month to a new 13 month low. Nov. Gas now at $3.35/mmbtu, declining 61 cents since Oct 6. Yesterday's EIA storage injection reported a 93 BCF injection for week ending Oct. 15, bringing total Nat. Gas stocks up to 3.683 TCF, only 48 BCF below last year's record high. Expect another large injection number next week (80 BCF range) and another large injection for the week after. Looks like the Bulls got "the chorizo" (if there any left) as total storage will be at new all-time highs by the end of injection season. What we have touted for the last 18 months has not changed. This bearish trend and short-term play will continue until fundamentals change. To this point, there is no sign of this trend changing. Expect some "price pops" in the next 30 days as winter begins to set in, but they should be short lived as supply continues to outpace demand. Lock-in for Winter. In Spring, start locking-in longer term. ERCOT day-ahead prices down.
10-14-10 Gas up $0.04 to $3.73. After last week's EIA storage report of 85 BCF, which brought total stocks to 3.499 TCF, gas tumbled $0.25/mmbtu. Since Sept. 29th, Gas has gone down $0.34, almost a 10% decline in the front. Today's EIA storage report for week ending Oct. 8, shows a 91 BCF injection, bringing total Gas storage to 3.590 TCF. Total Gas storage capacity in the continental U.S. is estimated to be approx. 3.8 TCF. Injections have averaged 14.1 BCF/day, the last 7 days. Supply continues to remain robust, storage is almost overflowing and little demand has shown up to deplete any supply or storage. ERCOT day-ahead prices down.
10-4-10 Gas down $0.087 to $3.711 as the Nov. contract tests support at $3.65, last reached Aug 27th. Daily gas production rebounds while residential demand decreases with cooler weather across the U.S. The last 7 day average of storage injections is 12.7 BCF. The next 3 weeks of injections look to average in the 80-90 BCF range, bringing total Gas Stocks in Storage to near all-time highs once again by the end of the injection season. Short term still continues to be the play. Lock-in for winter, but without an extremely cold winter, and look for prices in the back to come down once again to front month levels after winter. ERCOT day-ahead pricing down.
9-30-10 Gas down $0.131 to $3.831 as the Nov. NYMEX Gas contract begins its 2nd day of trading. Today's EIA storage report for the week ending Sept. 24 shows a 74 BCF injection bringing total gas stocks up to 3.414 TCF, 202 BCF above the 5-yr. avg. Today's implied storage injection is 12.3 BCF as this week's avg. injections are 11.9 BCF/d. As we have touted over and over again, too much supply and not enough demand. The bears are getting stronger and stronger. "Contango" in energy futures markets continues, which means, short term is still the play. Until the consumer begins spending, manufacturing will not resume to pre-2008 levels. This with all of the myriad factors leading to surplus supply will keep prices depressed and the contango effect in place. ERCOT day-ahead pricing mixed to up with heat coming back across the state. (lock-in for winter)
9-21-10 Gas up $0.101 to $3.923 after yesterday's $0.20 decline. The front month continues to "diddy-bop," as it broke below the 10 day moving average y'day and today is back at that level. Nat. Gas supply/demand picture is one of "plenty." For the week ending Sept. 10, the storage injection no. as per the EIA was 103 BCF, bringing total gas stocks up to 3.267 TCF. The last 7 days of injections have averaged 10.6 BCF/d. Residential demand has waned considerably with the onset of cooler weather and tropical weather. Owners of Physical Gas will do everything they can to store gas for the upcoming winter season as Spot Gas prices have waned due to the decline in demand. We may be on track for record storage or close to it, by the end of injection season, Oct. The play is still short term. Lock-in for Winter now, as the window will close in the next few weeks. Look for an uptick in pricing but another downward trend, as fundamentals weigh heavily on the market. Don't forget impeding CFTC regulation limiting non-commercial trader's positions in commodities! ERCOT day-ahead pricing mostly down.
9-14-10 Gas up $0.069 to $4.001 (shorts covering). Last week's EIA storage report showed a 58 BCF injection bringing total gas stocks to 3.164 TCF or 5 BCF above the 5-yr. avg. The accumulative effect of above normal temps for July and Aug. have taken their toll on gas injections. The caveat though is that more gas production has and continues to come on-line. If industrial demand, due to a strong economy was in full swing, we could have seen a much different picture. Until industrial and consumer demand resumes, unemployment drops, banks start lending, high tax burden on businesses and consumers goes into affect, we should see plenty of gas supply and pricing in the $4.00-$5.00/mmbtu range. ERCOT power prices remain close to historically low levels going forward. As we enter the shoulder season, the play is still short term, but it is also a great hedge to lock-in longer term. ERCOT day-ahead prices up.
9-7-10 Gas down $0.105 to $$3.834. Last week EIA storage report showed a 54 BCF injection bring stocks to 3.106 TCF or 169 BCF above the 5-yr. avg. Tropical Storm Hermine is crossing through Texas squelching demand there but more importantly, Hurricane EARL which grazed the East Coast last week all but stifled demand. Implied Gas storage injections for the last 4 days have averaged a whopping 16.4 BCF. Same story. Not enough demand. Too much supply. short term is still the play. ERCOT day- ahead pricing mostly down.

8-22-10 Gas down $0.032 to $4.085. The front month continues its sharp trend down as gas demand begins to wane in the NE. Storage injections are now coming back to normal levels, approximately 10 BCF/d. The CFTC is still mulling position limits for non-commercial traders as the new financial reform Law mandates that they implement a rule. Once again as we have espoused, this is bearish for prices. ERCOT MCPE "blew-up" yesterday with two hours of intervals hitting $1000.00/MWH or $1.00 per kwh. Many salespeople and brokers in ERCOT push MCPE, all to end-user's demise. Always lock-in and don't look back. ERCOT day ahead pricing up with the heat forecasted across Tex
8-17-10 Gas up $0.027 to $4.256. The front month has declined 8 out of the last 13 trading sessions from a high of $4.923 to today's level. Last Thursday's EIA storage report showed an injection of 37 BCF bringing stocks up to 2.985 TCF. Yesterday, ERCOT broke yet another demand record. Rain Storms in Houston quelled demand. Record heat continues to grip most the U.S. and Texas, but gas production remains robust. Last week, the Baker Hughes gas rig count hit 992, the highest number of operating rigs reported since Feb. 20, 2009. Once again, production is slated to remain at all-time high levels while demand struggles to keep pace. ERCOT day-ahead pricing mixed to higher.
8-10-10 Gas up $0.048 to $4.36 after the last 4 trading days' 23 cent accumulated decline. Many trader's increased long positions exacerbating the down move. Also, many non-commercial traders have jumped into wheat as Russia cut exports off which drove wheat futures prices to all time highs. Increased power burn has brought daily gas injections down to almost "0." Demand is still very robust due to the heat across the nation. The current storage number is now close to the 5 yr. avg. Demand now has caught up to supply, the question remains though, how long will the weather last to keep this paradigm in place. ERCOT day- ahead prices mixed as Dallas is forecast to be very hot for the tomorrow and Thursday.
8-5-10 Gas down $0.121 to $4.611. Today's EIA storage report shows an injection of 29 BCF for the week ending July 29, bringing total stocks up to 2.948 TCF. Total capacity ranges from 3.6 to 3.8 TCF (roughly). Today though, U.S. gas demand likely to outpace supply as massive heat grips most of the country and power burn increases significantly. This bodes well for bulls but keep in mind, the NYMEX front month contract is "September." How much more demand will we have in Sept. and Oct.? Historically, we know during these months, demand will significantly decrease. There is an intriguing "tug-of war" occurring. Also, the long-term weather forecast calls for above-average heat across consuming regions which will pressure storage injections. While we are off last year's pace of injections, we are still 221 BCF above the 5-yr. avg. We have approximately 10 more weeks of storage injections. ERCOT day-ahead pricing mixed after yesterday's all-time-high peak load forecasted to decrease 4.6% today to 61,230 MW.
8-4-10 Gas up $0.01 to $4.647. Power burn has increased greatly over the past week, decreasing storage injections. Spot gas prices have increased due to above normal heat in consuming regions, adding to incentives to not flow gas into storage. We are on track for near record storage levels by Oct. but we should be below last year's levels. The bottom line is we still have less demand than total supply. Heat across Texas (North Texas) driving ERCOT day-ahead prices up.
7-29-10 On the first day of the Sept. contract, Gas up $0.134 to $4.852. EIA storage report shows a 28 BCF injection bringing total stocks up to 2.919 TCF or 239 BCF above the 5 yr. avg. Expect prices to "pop" during the next 3 weeks or so as storage injections will be far below last year's levels. Shorts will cover but the front month will once again be overbought come Sept. This does put a bit of an "X" factor into the equation as total storage may be closer to neutral by the end of the season (compared to the 5 yr. avg.). The next 4 weeks will give us a much better indication. Lock-in short term. Still remaining bearish on prices by Sept. ERCOT day-ahead prices up.
7-28-10 Gas up $0.145 to $4.817. Shorts covering as prices go up and the Aug. contract comes to a close. Supply has returned from the Gulf but demand last week and beginning of this week has been heavy as heat across the nation has increased power burn. Daily Net injections to storage the last 7 days have averaged a mere 2.8 BCF. This is significant as the trend for large storage injections will be temporally halted. Traders are using this as a reason to bet that storage may be at lower levels in Oct. This remains to be seen. Aug. is typically the hottest month of the year so if high heat remains across consuming regions, storage injections may begin to falter. The over-all supply/demand outlook though remains the same in general as industrial demand has not increased. Traders ran up the front month during the beginning to the middle of June to see most gains lost. We may see a repeat of this. ERCOT day-ahead prices down.
7-20-10 Gas up $0.079 to $4.589. The International Energy Agency stated yesterday that China has surpassed the United States as the world's largest consumer of energy. The U.S. still consumes more crude and gas daily, but the IEA uses a metric calculating "metric tons of oil equivalent," meaning all energy; Coal, Solar, Hydro, Nuclear, Gas and Crude that is consumed. So, now speculators should use this as fodder to prop up the crude complex. Not so fast. Back home, Housing starts hit 8 month lows. "U.S. home builders are turning increasingly pessimistic about their business after home sales dried up when a federal subsidy expired, according to the latest survey by the National Association of Home Builders. The NAHB/Wells Fargo housing market index fell two points to 14 in July, down from a downwardly revised 16 in June. It's the lowest since April 2009, the NAHB said Monday." Market Watch Unemployment still near 10% as President Obama touts more stimulus funds for the unemployed, only to be buoyed by tax payers who are already strapped for cash. Banks continue to hoard their cash and lending is nearly non-existent. As consumers and businesses have less money to spend, industrial and manufacturing output is still tepid, leaving plenty of crude and gas supply stranded. Money-makers toy with markets, but fundamentals have not changed. Heat across the U.S. has put a dent in dally gas storage injections, now averaging 4.5 BCF/day (for past 7 days). This is not significant as the heat is forecast to abate in the next week and injections will come back to normal levels. ERCOT day-ahead prices down across the board.
7-15-10 Gas up $0.302 to $4.607. The front month has surged above the 10, 40 and 60 day moving averages. Today's EIA storage report showed a 78 BCF injection bringing stocks up to 2.840 TCF or 274 BCF above the 5-yr. avg. Stocks are 33 BCF less than this time last year. Trader's believe that with hot weather forecasts for the next 15 days and potential hurricanes, the chances are high that supply or storage injections will be limited in the coming weeks. They couldn't be more wrong. Rig counts are near all time highs. The Baker-Hughes Rig count rose by 4 last week to 964 and stands just 9 below the 14-month high of 973 hit on 4-16. Horizontal rig counts have increased during the last 9 weeks. Horizontal rigs are used in the shale plays. Another factor traders continue to not understand or miss is the fact that the total production output per well today is substantially more due to new fracking methods and horizontal drilling technologies. Short-covering again was a major factor in today's run-up. We are sticking to our forecast, look for a substantial price decrease this fall. Too much supply and not enough demand. ERCOT day-ahead pricing mixed with tomorrow's load forecasted to decrease 1.5%.
7-14-10 Gas down $0.005 to $4.349 after yesterday's 3 cent slide. We have not posted because the same factors fundamentally are in play. Speculators continue to jump in and out of NYMEX Gas but are not able to move the scale. Fundamentals weigh on the market, but their true effect is not manifested due to ETFs like UNG and other large non-commercial trader's positions. These individuals and entities continue to invoke government regulation of energy futures markets and this may truly be a short-term boon for the consumer. The fate of position limits are still up in the air as the CFTC has not ruled on the proposal. Lock-in for summer but short-term is still the play as the contango paradigm in NYMEX Gas and the crude complex continues. ERCOT day-ahead prices down.
7-8-10 Gas down $0.153 to $4.412. Today's EIA storage report shows a 78 BCF injection, bringing total stocks up to 2.762 TCF or 285 BCF above the 5-yr. avg. The front month NYMEX Gas contract is now at the 200 mvg. avg., all but killing June's bull rally. If GOM supply is shut-in due to hurricanes or tropical weather, there is still too much supply/production which will continue to be stored at a historically high pace. ERCOT day-ahead prices up.
7-7-10 Gas down $0.034 to $4.645 after yesterday's 2 cent decline. Early in the day, after our report, gas climbed as high as 24 cents before losing its gains. The heat wave in the East caused traders to buy in order to keep up with high cash prices. Fundamentals though are beginning to weigh on trader's minds. Nothing else has changed so far. Storage injections remain robust and the economy continues to flutter; jobless claims continue to remain near 10%, all-time high taxation looms for businesses and consumers which will impede economic recovery, impending Government regulation of energy future markets if enacted will limit speculators' positions, threatening bullish gains in the crude complex and financial overhaul also threatens to dowse investment and growth in the U.S. economy. Other than those factors, if you listen to CNBC, things are peachy. ERCOT day-ahead up in Houston and down in other zones.
7-6-10 Gas up $0.18 to $4.867. Gas demand today is 3.2 Bcf/d above normal to 12 Bcf/d due to the above-average temps across the North East. Off-shore production is almost back to normal after Hurricane Alex. Prices are up due to power burn demand. The increase in gas demand is still not enough to put any kind of dent into gas supply and storage. ERCOT day-ahead prices up.
7-5-10 Gas up $0.10 to $4.786 after Friday's 17 cent decline. The Same factors continue to play in this drama. A heat wave across the east coast bring some demand back into the market, but overall, supply remains robust. ERCOT day-ahead pricing up with increasing loads and heat returning to Texas after lingering moisture from Hurricane Alex dissipates.
7-1-10 Gas up $0.078 to $4.692. EIA storage report shows a 60 BCF injection for week ending June 25. Stocks are 287 BCF above the 5-yr avg., now at 2.684 TCF or approx. 68% full. Jobless claims rose again this week. While the media, CNBC and the like have touted "economic recovery," the fundamentals indicate otherwise. Same story. With impending credit legislation/financial overhaul, credit will be tighter than ever. Coupled with other factors mentioned in our blog, consumers and businesses will be hard pressed to obtain loans, impeding economic recovery, thus keeping a cap on energy demand. ERCOT day-ahead pricing down with cooler temps across Texas.