Electricity Rates in Texas

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Texas energy rates

SaveOnEnergy can help you navigate the confusing world of deregulated energy quickly and easily. Since 2002, more than 5.6 million Texans have exercised their power to choose. With the free SaveOnEnergy marketplace, you can compare energy providers, rates, and plans to find the right electricity plan for you.

At SaveOnEnergy, we try to make shopping for a deregulated energy plan easy. 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 Power to 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.

How to shop with SaveOnEnergy

We’ll show you today’s low energy rates from top providers in Texas. Just enter 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 electricity rates currently available in your area. Need more information? Call one of our energy experts or keep reading to learn more about the energy market and the types of plans you may see on our marketplace.

Texas energy plans

Finding the right energy plan in a deregulated market can seem confusing or overwhelming. SaveOnEnergy is here to make things easier. Here are a few of our resources and guides to help you navigate the shopping process.

• Learn more about electric providers and utilities in Texas.
• If you have bad credit or want to avoid a credit check, see our no deposit page.
• For more information about deregulation and your power to choose, click here.
• Interested in switching to a new energy provider? See our guide to switching.
• Electricity rates and bills vary by state. To see where your state ranks, see our guide to energy bills by state.

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.

Electric plans in Texas

There are several types of electricity plans and energy rates to choose from in the deregulated Texas market. Your lifestyle, energy needs, and average electricity consumption can help you choose the best option for you. Some popular options 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 a deeper dive into plan types, rate options, and contract lengths, see our guide to picking the right plan.

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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Updated 9-30-2020