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Texas Electricity Rates: Compare Cheap Plans & Prices in 2024

Edited by Jamie Cesanek

Last updated 02/14/2024

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Key Points

  • Residential Texas electricity rates today are 10.3% lower than the national average, at 14.61 cents per kWh, based on the latest EIA update in November 2024.
  • Commercial Texas electricity rates today are 36% lower than the national average, at 8.76 cents per kWh.
  • Compare cheap electricity in Texas from trusted electricity companies like Reliant Energy, Direct Energy, Frontier Utilities, and more by entering your ZIP code on our marketplace.

Texas energy FAQs

  • The cheapest electricity prices in Texas are currently available on the SaveOnEnergy marketplace from 4Change Energy, Gexa Energy, Frontier Utilities, and Express Energy Remember that energy rates frequently change due to shifts in the energy market and may differ based on your location.

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

  • Sorting through all the available energy companies, rates, and plans in Texas can be time-consuming and overwhelming. With the SaveOnEnergy marketplace, you can enter your ZIP code to browse the average Texas electricity rates and plans in your area. 

    You can filter for green energy options, free usage periods, specific providers, and more to find the right electric 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. Our energy experts can help you choose a power plan and walk you through the signup process in minutes.

  • If you live in Texas, there are dozens of top-tier power companies near you. We can help you sort through your options and choose the best residential or business electricity plan.

    SaveOnEnergy only works with trusted Texas electricity companies, meaning you can rest assured that the providers and plans you find on our marketplace are the best options available.

    Some of the most popular Texas electricity companies you will find on our marketplace are TXU Energy, Reliant Energy, Gexa Energy, TriEagle Energy, and more. Enter your ZIP code on this page to explore available rates and plans from Texas energy companies near you.

  • No, Texas cannot buy or sell energy across state lines. The power grid in Texas has been independent from the rest of the country since 1935. While other states can transfer electricity across state lines, Texas electricity companies only operate within the Texas Interconnected System, which originated in 1941.

  • There are many ways you can lower your monthly electricity bill in Texas. Cutting back on how much electricity you use each month is the most straightforward way to lower your electricity bill. You can also consider turning on ceiling fans during warmer months, investing in energy-efficient appliances, and running your appliances during cooler times of the day instead of “peak hours” when your AC is blasting. Some residents and businesses also switch to Texas solar for lower electricity bills.

  • If there is a power outage in your area, contact your Texas utility company to report the outage or receive updates about when electricity service will be restored. CenterPoint Energy, Oncor Electric Delivery, Texas-New Mexico Power and AEP Texas are the four major utilities servicing Texas.

  • The best Texas energy plan will depend on your specific needs and consumption habits. If you prefer predictable electricity bills and steady rates, consider a fixed-rate plan. If renewable energy is important to you, explore green energy options in Texas.

  • Texas electricity prices in 2024 are likely to remain consistent with the levels observed in 2023 due to strong demand and volatile climate patterns.

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