Compare Midland Electric Prices

Midland electricity rates

Midland’s energy market is deregulated, which gives consumers the power to choose their electricity provider. If you live in the area, you can use the SaveOnEnergy marketplace to compare current Midland electricity rates and pick the right plan.

Keep reading to learn more about your electricity options in Midland, or enter your ZIP code above to start browsing rates now.

How to find the best electricity rates in Midland with SaveOnEnergy.com®

Electricity prices fluctuate throughout the year based on demand, weather patterns, and other factors. When you use SaveOnEnergy to compare Midland electric rates, you’ll find rates and plans from multiple trusted providers so that you can make an informed choice for your household. Here’s how our site works: 

• Explore today’s top rates. Get started by typing in your ZIP code at the top of this page. From there, you can view electricity rates in your area, with the option to sort by price, recommended plans, and more. You can also filter to find plans that meet your specific criteria.
• Choose a plan and sign up in minutes. Once you’ve found a plan, you can either sign up online or over the phone. Either way, you’ll be set up in minutes.
• Sit back and save. After you’ve signed up, there’s nothing else to do on your end. Your provider will manage the transfer process, so you’re free to enjoy your new plan.

Cheap energy prices in Midland

If you’re looking to lock in cheap electricity in Midland, it’s helpful to understand when (and why) energy rates rise and fall. The data in the chart below from the Energy Information Administration (EIA) shows how prices change throughout the year. By recognizing these patterns, you’ll be able to lock in the cheapest rates possible.

Energy providers and utility companies in Midland

In Midland (and other deregulated cities in Texas), you’ll have an energy provider and a utility company. The purpose of the energy provider (also called a power company or electric company) is to sell electricity plans to customers. In contrast, the utility company (also called an electric supplier) transmits the power, maintains power lines, and responds to outages within its service area. 

• The utility company in Midland: Oncor Electric Delivery is the utility in Midland.
• Midland electricity providers: There are numerous power companies in Midland, including Constellation Energy, Express Energy, TriEagle Energy, and TXU Energy.

Power outages in Midland

If your power goes out, contact your utility company — not your energy provider. In Midland, your utility is Oncor Electric Delivery. 

• Call Oncor at 1-888-313-4747
• Report an outage online

Electricity rates in my area

When you use SaveOnEnergy to find a new energy plan, the first step is typing in your ZIP code. That’s because electricity prices vary depending on where you live, the utility that serves your area, and the utility’s transmission fees. So, to find the best electricity rates near you, you should always provide your specific location.

Ready to find the best electricity rates in Midland? Enter your ZIP code above.

Current energy trends in Midland

Over the summer, Texas saw record-high energy demand, which led to higher electricity rates in Midland and the rest of the state. However, as fall approaches and temperatures drop, it’s a good time to browse rates and compare your options to lock in a lower rate before winter comes around. (This information is accurate as of September 2022).

How weather affects Midland electricity rates

Summers are hot in Midland, with average highs in July reaching 96 degrees Fahrenheit. Winters are milder than much of the country, but January lows still dip into the 30s. Energy prices tend to spike during periods of extreme weather, so look when the temperatures are more moderate (like in spring or winter) to find the best deal. 

Fortunately, switching energy plans is easy — especially when you use a marketplace like SaveOnEnergy. When you find a great price, you can sign up for a fixed-rate plan to lock in that low rate for a year or longer (just make sure to check out if the plan includes a penalty for canceling early). After signing up online, your new power company will take care of the details, so you shouldn’t experience any interruption to your electricity service. 

Get started by submitting your ZIP code above.

Types of plans in Midland

You’ll find multiple electricity plans on SaveOnEnergy, including fixed-rate, no-deposit, and green energy options. Here’s a brief overview of the most common types. Call the phone number on your screen to learn more or sign up.

Fixed-rate plans in Midland

These plans include a contract (typically 12-36 months), during which your electricity rate will not change. Fixed-rate plans are excellent for locking in a cheap rate, but be aware that they’ll usually charge an early termination fee (ETF) if you cancel before your plan expires.

Variable-rate plans in Midland

Variable-rate plans don’t include a contract or a fixed rate. Instead, your rate will rise and fall each month depending on the current wholesale price of electricity. When demand is high, you’ll end up with more expensive energy bills, but you’ll have the option to cancel or change plans at any time (penalty-free).

No-deposit plans

Many energy companies will run a credit check and charge a deposit before beginning service. If you can’t afford a deposit or don’t want to authorize a credit check, you can use the filters on SaveOnEnergy to find a no-deposit electricity plan. With these plans, you’ll pre-pay for electricity service and top up your account when it runs low.

Green electricity in Midland

Consider switching to a green energy plan if you want to live a more sustainable lifestyle. These eco-friendly plans are popular in Texas because the state leads the country in wind energy production (it also ranks highly in solar power generation). Many Midland electricity providers offer fully-green options, with companies like Chariot Energy, Gexa Energy, and Green Mountain Energy specializing in 100% renewable plans.

Business energy plans in Midland

Midland also has deregulated commercial energy, so if you run a business here, you have the power to choose your provider. At SaveOnEnergy, we’re here to help you pick the right plan for your company’s needs. Simply fill out this form or call the phone number on this page to get started.

Calculate your energy usage in Midland

Ready to take charge of your energy costs? The best way to begin is by understanding how much electricity you consume in an average month. If you aren’t sure, check out our energy usage calculator to get a customized estimate.

SaveOnEnergy’s tips for easy electricity service setup

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