Electricity Rates in Texas

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Texas energy rates

Save On Energy makes shopping for a deregulated electric plan quick and easy. Since 2002, more than 5.6 million Texas residents have exercised their power to choose. With the free Save On Energy marketplace, you can compare cheap energy rates and find the right plan for you.

We offer our customers:

• Years of expertise.We’re the largest online energy marketplace in the country and have helped over 1 million Texans find the right energy plan for them.
• Best rates and plans. We partner with trusted providers such as TXU Energy, Reliant Energy, and First Choice Powerto show today’s low rates and plans at no cost to you.
• Simple shopping process.We make it easy to shop. Compare plans and sign up online in a few simple steps. Questions? Give us a call, and one of our energy experts will be happy to help.

It really matters. Since Texans have been under stay-at-home orders, residential electricity use is soaring, according to reports. Higher usage can result in higher bills, which means it makes sense to look for a new energy provider. See Texas electricity rates available in your area by entering your ZIP code. Most Texas can change providers without a technician visit to their home.

How to shop with Save On Energy

We’ll show you today’s top energy rates from trusted providers in Texas – all we need is your ZIP code to get started!

1. Shop low rates. We work with trusted retail electricity providers to ensure that our customers get the best quality product and service. Our online marketplace can easily be customized to show rates and plans that fit your needs.
2. Sign up easily. If you’re not sure which plan to choose or you’d like to go over a plan’s details, call to speak to one of our energy experts. If you’re confident in your choice, you can sign up online. Either way, the process is quick and easy.
3. Start saving. Your new provider will work with your utility company to handle the switch, so all you have to do is sit back, relax and enjoy your new electricity rate!

Enter your ZIP code above to see the best rates available in your area. Need more information? See our latest electricity provider reviews or keep reading to learn more about types of plans and a few things to keep in mind while shopping.

Find a cheap electricity rate

The U.S. Energy Information Administration (EIA) tracks average retail Texas electric rates, shown below through February 2020. Many factors affect the rise and fall of energy rates across Texas, including seasonal changes. Plan to buy at an off-peak time and you might be able to lock-in a lower rate.

The 2020 average for residential Texas electricity rates is 11.86 cents per kilowatt hour (¢/kWh). The current lowest Texas rate in the Save On Energy marketplace is 6.3¢/kWh.

Electric plans in Texas

There are many types of electricity plans and energy rates to choose from in Texas thanks to deregulation. Your lifestyle and needs will help determine the best option for you. Some popular choices include:

• Fixed-Rate Plans. These plans have fixed electric rates set in your contract and you’ll pay that same rate every month, regardless of fluctuations in the energy market. If you value stability, a fixed-rate plan may work well for you.
• Variable-Rate Plans. These plans are subject to change depending on energy market volatility. This means you can get a cheaper rate when demand is low, but might be stuck paying more when demand is high. Variable-rate plans are best for those who like flexibility.
• Green Energy Plans. These plans allow consumers to offset up to 100 percent of their household or business’ carbon emissions from the building’s electricity consumption.
• Prepaid Plans. These plans do not require a credit check and allow consumers to pay for energy in advance. They’re also a popular no deposit option.

For more details on plans types and rates as well as information on term length and additional options, click here.

A few things to remember

• Don’t forget to read your plan’s Electricity Facts Label before signing up. It contains important information about your energy supply including:
  • Price per kilowatt-hour based on usage
  • % renewable energy sourcing
  • Early termination fees
• Enjoy hassle-free supplier setup. Your new supplier will set up service with your utility, or transmission and distribution service provider (TDSP), once your order has been confirmed – but don’t worry, there shouldn’t be any interruption to your power during the switch.
• Understanding your electric bill. Your local utility will still deliver your electricity and maintain electric infrastructure including meters and power lines. Your utility fees can be found as TDSP or TDU charges on your monthly bill. They are independent of your supplier rate.

Enter your ZIP code above to see a detailed list of energy rates and plans for your area, or shop by utility area and city below.

Contact your utility company

Experiencing a power outage or emergency? Contact your utility company, not your electricity supplier. Contact information for Texas utility companies can be found below:

• CenterPoint Energy
• Oncor Electric Delivery
• AEP Texas North
• AEP Texas Central
• Texas New Mexico Power

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