Find a cheap electricity rate
The U.S. Energy Information Administration (EIA) tracks average retail electric rates in Texas, as shown in the chart below through February 2020. Many factors affect the rise and fall of energy rates in Texas, including seasonal changes. Consumers who buy at an off-peak time may lock in a lower rate.
The average price for electricity in Texas in 2020 is 11.86 cents per kilowatt hour (¢/kWh).
There are plans for Texas residents on SaveOnEnergy with rates as low as 5.5 ¢/kWh.
That’s good news when you want to buy cheap electricity. But one thing you remember: When you’re looking to buy cheap electricity, you can’t forget about your monthly power usage. Different usage levels can transform what seem like cheap electricity plans into problems.
So what’s the takeaway? If you search “cheap electricity near me,” be careful. Other sites tease introductory rates, then jack up prices. Or they hid some charges. SaveOnEnergy.com is transparent in the plans listed on the site. Every plan includes all fees, so when you find cheap electricity plans on our site, they really are cheap electricity plans.