Texas Electricity Rates & Plans| 2022 Best Prices | SaveOnEnergy

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Texas electric rates

Texas electricity rates have risen in recent months due to seasonality, high energy demand, and increasing power costs. The majority of Texas has a deregulated energy market, meaning consumers can choose their energy provider from a pool of available companies. 

Deregulation gives Texans the chance to shop for new electricity plans and compare available options. It also means electric rates in Texas can change from day to day based on energy demand. You can find energy plans in Texas with the SaveOnEnergy.com® marketplace.

Texas electricity rates

Plan Name Plan Length Rate
Frontier Utilities - Frontier Super Value 24 24 months $0.123 / kWh
Express Energy - Flash 24 24 months $0.124 / kWh
Gexa Energy - Gexa Saver Deluxe 24 24 months $0.124 / kWh
4Change Energy - Maxx Saver Select 24 24 months $0.125 / kWh
First Choice Power - You Got This 12 12 months $0.133 / kWh
Chariot Energy - GridEdge 36 36 months $0.144 / kWh
Constellation - 36 Month Usage Bill Credit 36 months $0.149 / kWh
Pulse Power - Texas Green 36 36 months $0.161 / kWh
TriEagle Energy - Real Deal 36 36 months $0.179 / kWh
TXU Energy - Smart Edge 12 12 months $0.199 / kWh
Payless Power - Premier 12 - No Deposit & No Credit Check 12 months $0.214 / kWh
Cirro - Smart Value 12 Online 12 months $0.236 / kWh
Green Mountain - Pollution Free e-Plus 24 Preferred 24 months $0.241 / kWh
Discount Power - Value Plus 12 12 months $0.251 / kWh
Reliant - Basic Power 12 12 months $0.261 / kWh
Direct Energy - Live Brighter 1K+ 24 24 months $0.261 / kWh

Please note: All rates above are accurate as of 8/10/2022, 1:50:39 AM CDT for ZIP Code 75001. Rates may have changed since this date/time. For the most up to date rates in your area, please enter your zip code above.

Average electricity rates in Texas

Last updated July 2022

The latest average residential Texas electricity rate in April 2022 was 13.08 cents per kWh (11.4% lower than the national average). The latest average commercial electricity rate in Texas was 8.48 cents per kWh (28.9% lower than the national average).

Using data from the Energy Information Administration (EIA), the chart below shows the electricity price changes in Texas in cents per kWh throughout the year. SaveOnEnergy’s marketplace can help you find cheap electricity in Texas based on seasonality and location.

The average price for electricity in Texas in 2021 was 12.06 cents per kWh.

Current Texas energy market in 2022

Texas electricity rates are currently increasing because of high summer temperatures, rising energy demand, and increased natural gas prices, among other factors. The Electric Reliability Council of Texas (ERCOT) has released several energy conservation requests since May as the state has experienced record-breaking electricity demand. Experts predict that electricity prices will likely remain high for the foreseeable future.

Energy prices in Texas are usually at their highest during the summer months. If you are able to wait until the spring or winter when prices typically decrease, you may be able to lock in a cheaper electricity rate. For Texans who need to buy an energy plan now, consider signing up for a fixed-rate plan with a shorter contract length. Fixed-rate plans will protect you in the event that electricity rates go up even more, but a shorter contract will provide more flexibility for you to shop for another plan if rates decrease.

Find the best electricity rates in Texas

Texas electricity rates fluctuate throughout the year depending on seasonality, location, weather, and supply and demand. With SaveOnEnergy’s independent marketplace, you can find and compare available energy rates and plans from the top Texas energy providers. Here’s how to get started.

  • Browse low rates in your area. We work with trusted electricity companies in your area to bring you the best quality products and service. Our online marketplace offers a variety of filters to help you narrow down your search and compare energy rates and plans that fit your needs.
  • Sign up in minutes. If you’re not sure which plan to pick or have questions about a plan’s details, call the number above to speak with one of our energy experts. You can also sign up online. Either way, the process is quick and easy.
  • Enjoy your new energy plan. Once you’ve signed up for a plan, your new energy provider will work with the utility company to handle the switch. All you have to do is sit back, relax, and enjoy your new electricity plan.

New electricity plans in Texas

If you are moving to a deregulated area of Texas for the first time, you have the power to choose an energy provider for your new home. SaveOnEnergy helps you sort through all of your available options and sign up for a plan. You can delay the start of service at your new address for up to 90 days. If you are moving within Texas, you can switch to another provider or plan before your contract ends without paying an early termination fee. Just provide proof of your change in address to your provider.

Texas residents who want to switch to a new energy plan or renew their existing plan can also use the SaveOnEnergy marketplace. If you change your mind, you can cancel without paying a fee within three days of receiving your Terms of Service agreement. There is also no early termination fee if you switch providers within 14 days of your current contract ending. 

How to pick a Texas energy plan

Because Texas is deregulated, you have the power to choose a plan that works for you. Your lifestyle, energy needs, and average monthly electricity consumption can help you find the best energy plan near you. Use these resources to guide you through the shopping process and help you pick a Texas energy plan.

Texas electric companies

In Texas, energy providers and utility companies are responsible for different tasks. You can choose your energy provider from a pool of qualified companies. Your provider manages your electricity consumption and handles billing.

However, you cannot choose your utility company, which is determined by your location. The utility company is responsible for delivering energy to your home or business. Your local utility is also in charge of maintaining electrical infrastructure and restoring power if there is an outage. If you experience a power outage in Texas, contact your utility company, not your energy provider.

Contact your Texas utility company

Is there a power outage in your area? Contact your Texas utility company to report the outage or receive updates about when your service will be restored. 

Not sure what kind of energy plan will work for your home?

SaveOnEnergy offers informational resources to help you choose the right electricity plan for your home. We have deep dives into no-deposit plans, solar energy, how to save energy in your home, and many other topics. The SaveOnEnergy usage calculator estimates the amount of electricity you use in your home and helps you find the right energy plan to match your consumption level. And if you have questions, you can always call the number on this page and one of our energy experts will talk you through your options.

What to know when picking an energy plan

Finding the best electricity rates in Texas requires you to consider a few factors that can impact your energy bill. Here are some important considerations when shopping for a Texas energy plan:

  • Your Electricity Facts Label. A plan’s Electricity Facts Label (EFL) contains important information about the details of the plan, including the rate you will be charged, the percentage of power that comes from renewable energy, your contract length, additional fees, and more. Here is an overview of the details included in a typical Electricity Facts Label.
  • Your energy usage. The amount of electricity you consume in your home each month may impact the rate you pay. Most providers offer energy plans with a tiered structure. Under a tiered-structure plan, you will pay different rates depending on which tier your usage level falls into — 500 kWh, 1,000 kWh, or 2,000 kWh. The rates shown on SaveOnEnergy are for the 1,000 kWh tier. You can check the rates for each tier in the plan’s EFL.
  • Your location. Where you live can influence the energy rate you pay for electricity. Your local utility company charges transmission and delivery fees (often called TDU or TDSP charges), which can vary by location.
  • Your contract length. Providers will sometimes offer lower rates if you commit to a longer contract term. But longer contracts could also come with early termination fees if you cancel your service before the contract ends. Read the EFL thoroughly before signing up for a plan to ensure you understand the details of the contract.

Texas energy FAQs

Will Texas electricity rates go up? Expand / Collapse Toggle

Texas electricity prices are increasing because summer temperatures have driven up energy demand. Experts believe Texas energy rates will remain high for the foreseeable future. Historically, Texas electricity prices increase in the summer and decrease in the spring and winter. If you are able to wait until temperatures cool back down, you might be able to secure a cheaper energy rate in Texas.

Who has the cheapest electric rates in Texas? Expand / Collapse Toggle

At the time of writing, Express Energy offers the cheapest electricity rates in Texas. Keep in mind that Texas electric rates change frequently as shifts in the energy market affect the wholesale cost of electricity. Rates can also vary by location.

To be sure you are checking the most accurate rates in your area, enter your ZIP code above or call the number on your screen to speak with an energy expert. Either way is simple, hassle-free, and will help you find a plan with a low electricity rate.

How do I find the best Texas energy plan? Expand / Collapse Toggle

Sorting through all the available providers, rates, and plans in Texas can be time consuming and overwhelming. With the SaveOnEnergy marketplace, you can enter your ZIP code and we’ll show you the Texas electricity rates and plans in your area. You can filter for green energy options, free usage periods, provider scores, and more to find the right energy plan to fit your needs. 

If you have questions along the way or would like to go over a plan’s details, call the number on your screen. One of our energy experts will help you find the best Texas energy plan and can walk you through the signup process in a matter of minutes.

What is a good energy provider in Texas? Expand / Collapse Toggle

If you live in Texas, there are dozens of top-tier electricity providers near you. We can help you sort through your options and choose the best provider for your home or business.

SaveOnEnergy only works with the best Texas electricity companies. This means you can trust that the providers and plans you find on our marketplace are the best options available.

Among the most popular Texas energy providers that we work with are TXU Energy, Reliant Energy, Direct Energy, TriEagle Energy, and more. Enter your ZIP code above to explore available rates and plans from Texas energy providers near you.

How can I lower my utility bill? Expand / Collapse Toggle

There are many ways you can lower your monthly electricity bill in Texas. Cutting back on the amount of electricity you use each month is the most straightforward way to lower your energy bill. Choosing the right plan to meet your energy usage habits is crucial to reducing your monthly energy bill. You can use our Energy Calculator to estimate your consumption patterns and find the best electricity plan for your needs. 

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