Texas Electricity Rates
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Plan Name: Simply Select 9
Term: 9 Months Fixed
Product: Electric
Utility: Oncor (TX)
Supplier: Rhythm
Early Termination Fee: $10.00 Months RemainingPlan Description:
Mother Nature’s clean energy powers your plan. Not only will you get a fixed rate at a great price, but you’ll do your part in ensuring a greener planet. Plus, no hidden fees ever, 7-day-a-week customer support, and you can earn Rhythm Rewards Points that can be redeemed to reduce your energy bill!
- Plan Name: The Gruene 18
Term: 18 Months Fixed
Product: Electric
Utility: Oncor (TX)
Supplier: Energy Texas
Early Termination Fee: $275.00Plan Description:
Power your home from deep in the heart of Texas Gruene 18 . Rangler Rewards Included . Giddy Up Guaranteed!
- Plan Name: 36 Inflation Fix
Term: 36 Months Fixed
Product: Electric
Utility: Oncor (TX)
Supplier: Energy Texas
Early Termination Fee: $500.00Plan Description:
Protect yourself against inflation and lock in your rate for 3 years with our most competitive pricing . Rangler Rewards Included . . Giddy Up Guaranteed!
- Plan Name: Simply Select 9
Term: 9 Months Fixed
Product: Electric
Utility: CenterPoint Electric (TX)
Supplier: Rhythm
Early Termination Fee: $10.00 Months RemainingPlan Description:
Mother Nature’s clean energy powers your plan. Not only will you get a fixed rate at a great price, but you’ll do your part in ensuring a greener planet. Plus, no hidden fees ever, 7-day-a-week customer support, and you can earn Rhythm Rewards Points that can be redeemed to reduce your energy bill!
- Plan Name: Simply Select 16
Term: 16 Months Fixed
Product: Electric
Utility: CenterPoint Electric (TX)
Supplier: Rhythm
Early Termination Fee: $10.00 Months RemainingPlan Description:
Mother Nature’s clean energy powers your plan. Not only will you get a fixed rate at a great price, but you’ll do your part in ensuring a greener planet. Plus, no hidden fees ever, 7-day-a-week customer support, and you can earn Rhythm Rewards Points that can be redeemed to reduce your energy bill!
- Plan Name: The Gruene 18
Term: 18 Months Fixed
Product: Electric
Utility: CenterPoint Electric (TX)
Supplier: Energy Texas
Early Termination Fee: $275.00Plan Description:
Power your home from deep in the heart of Texas Gruene 18 . Rangler Rewards Included . Giddy Up Guaranteed!
- Plan Name: Simply Select 9
Term: 9 Months Fixed
Product: Electric
Utility: AEP Texas Central (TX)
Supplier: Rhythm
Early Termination Fee: $10.00 Months RemainingPlan Description:
Mother Nature’s clean energy powers your plan. Not only will you get a fixed rate at a great price, but you’ll do your part in ensuring a greener planet. Plus, no hidden fees ever, 7-day-a-week customer support, and you can earn Rhythm Rewards Points that can be redeemed to reduce your energy bill!
- Plan Name: Simply Select 16
Term: 16 Months Fixed
Product: Electric
Utility: AEP Texas Central (TX)
Supplier: Rhythm
Early Termination Fee: $10.00 Months RemainingPlan Description:
Mother Nature’s clean energy powers your plan. Not only will you get a fixed rate at a great price, but you’ll do your part in ensuring a greener planet. Plus, no hidden fees ever, 7-day-a-week customer support, and you can earn Rhythm Rewards Points that can be redeemed to reduce your energy bill!
- Plan Name: The Gruene 18
Term: 18 Months Fixed
Product: Electric
Utility: AEP Texas Central (TX)
Supplier: Energy Texas
Early Termination Fee: $275.00Plan Description:
Power your home from deep in the heart of Texas Gruene 18 . Rangler Rewards Included . Giddy Up Guaranteed!
- Plan Name: Simply Select 9
Term: 9 Months Fixed
Product: Electric
Utility: AEP Texas North (TX)
Supplier: Rhythm
Early Termination Fee: $10.00 Months RemainingPlan Description:
Mother Nature’s clean energy powers your plan. Not only will you get a fixed rate at a great price, but you’ll do your part in ensuring a greener planet. Plus, no hidden fees ever, 7-day-a-week customer support, and you can earn Rhythm Rewards Points that can be redeemed to reduce your energy bill!
- Plan Name: Simply Select 16
Term: 16 Months Fixed
Product: Electric
Utility: AEP Texas North (TX)
Supplier: Rhythm
Early Termination Fee: $10.00 Months RemainingPlan Description:
Mother Nature’s clean energy powers your plan. Not only will you get a fixed rate at a great price, but you’ll do your part in ensuring a greener planet. Plus, no hidden fees ever, 7-day-a-week customer support, and you can earn Rhythm Rewards Points that can be redeemed to reduce your energy bill!
- Plan Name: Simply Select 24
Term: 24 Months Fixed
Product: Electric
Utility: AEP Texas North (TX)
Supplier: Rhythm
Early Termination Fee: $10.00 Months RemainingPlan Description:
Lock in a 100% renewable plan at a great fixed rate and enjoy the peace of mind that you’re doing your part for a cleaner energy future. Plus, no hidden fees ever, 7-day-a-week customer support and you can earn Rhythm Rewards Points that can be redeemed to reduce your energy bill!
- Plan Name: Simply Select 9
Term: 9 Months Fixed
Product: Electric
Utility: TNMP (TX)
Supplier: Rhythm
Early Termination Fee: $10.00 Months RemainingPlan Description:
Mother Nature’s clean energy powers your plan. Not only will you get a fixed rate at a great price, but you’ll do your part in ensuring a greener planet. Plus, no hidden fees ever, 7-day-a-week customer support, and you can earn Rhythm Rewards Points that can be redeemed to reduce your energy bill!
- Plan Name: Simply Select 16
Term: 16 Months Fixed
Product: Electric
Utility: TNMP (TX)
Supplier: Rhythm
Early Termination Fee: $10.00 Months RemainingPlan Description:
Mother Nature’s clean energy powers your plan. Not only will you get a fixed rate at a great price, but you’ll do your part in ensuring a greener planet. Plus, no hidden fees ever, 7-day-a-week customer support, and you can earn Rhythm Rewards Points that can be redeemed to reduce your energy bill!
- Plan Name: Simply Select 24
Term: 24 Months Fixed
Product: Electric
Utility: TNMP (TX)
Supplier: Rhythm
Early Termination Fee: $10.00 Months RemainingPlan Description:
Lock in a 100% renewable plan at a great fixed rate and enjoy the peace of mind that you’re doing your part for a cleaner energy future. Plus, no hidden fees ever, 7-day-a-week customer support and you can earn Rhythm Rewards Points that can be redeemed to reduce your energy bill!
Last updated: August 24, 2023
Author: Paul I. Rhoads, CEM, CEP
Paul is the Vice President of EnergyPricing.com. He has over a decade of experience in the energy industry, advising clients on how to get the best electricity rates and providers. In addition to his vast experience, Paul is a Certified Energy Manager (CEM) and Certified Energy Procurement Professional (CEP).
Compare Companies and Find The Best Electricity Rates in Texas for 2023
Are you looking for the best electricity rates in Texas? Then look no further! With EnergyPricing.com, you can quickly and easily compare rates, plans, and providers in just a few clicks. Plus, using this comprehensive guide, you’ll gain all the knowledge you need to make an informed decision when shopping for a new energy provider for your home or business. So why wait? Let’s dive right in and find the right electricity plan for you!
Short Summary
- Texas is a deregulated electricity market, meaning you have the power to switch electricity suppliers.
- Don't Just make a quick decision- compare rates, weigh factors & shop around on EnergyPricing.com.
- Learn some tips for lowering your electric bill with energy efficiency and some smart usage habits.
Understanding Texas's Deregulated Electricity Market
Since June 18th, 1999, when Governor George W. Bush signed Senate Bill 7 into law, Texas residents have had the power to switch their retail electricity provider. With over 85% of Texans now required to shop for an energy company, Texas has become the largest deregulated electricity market in the country.
Please note that only some areas in Texas are deregulated. Some cooperatives and municipalities don't allow residents to switch electricity providers. If you want to see if your home or business is in a deregulated area, enter your zip code in EnergyPricing.com.
Current Texas Electricity Rates
Many factors, like weather conditions, energy demand, regulatory factors, and competition among electricity providers, affect electric rates in Texas. Below are the current average Texas electricity rates offered by retail electricity providers. To access the latest rates, enter your zip code to get started.
- 12-Month Fixed Rate of $0.1554 per kWh
- 24-Month Fixed Rate of $0.1507 per kWh
- 36-Month Fixed Rate of $0.1512 per kWh
Source: This data is based on the average fixed-rate Texas residential plans (per 1,000 kWh) offered by Retail Electricity Providers as of August 24, 2023.
Future Texas Electric Rates
Curious about the future of Texas electricity prices? While we can't predict with certainty, we can rely on the energy future market for sensible projections. This market operates like the stock market, where traders buy and sell contracts based on their estimations of future energy price shifts.
The energy future market is a valuable tool for forecasting electricity rates in Texas. Stay up-to-date on the latest trends by checking out the energy future market chart below. Trust us; this observational insight can help you make informed decisions about your energy needs.
Source: ERCOT North 345 KV Hub D-A 5 MW Peak
How to Make a Texas Electric Rates Comparison
Finding the best electricity rates in Texas can be overwhelming, with many providers and plan options to consider. But don't worry! EnergyPricing.com offers an easy-to-use interface that simplifies the process of comparing rates. Just follow the three steps below and discover how easy it is to use EnergyPricing.com!
Would you like to see how it works in real-time? Watch the video below.
What Are Texas Electricity Providers
Texas electricity providers, aka Retail Electricity Providers, are Texas electric companies that buy and sell electricity from the wholesale market and sell it to customers at different prices. You will be shopping these electricity providers to find a better energy plan. According to the Public Utility Commission of Texas, an electricity provider's responsibilities include:
- Buying electricity in the wholesale market and reselling it at Retail Prices.
- Buying delivery service and paying the charges for transmission and distribution service to the Transmission and Distribution Utilities “TDUs”.
- Billing the customer and collecting for the REP’s charges.
- Communicating with the Independent System Operator (Electric Reliability Council of Texas–ERCOT) and other Market Participants regarding customer switches and meter information.
Factors to Consider When Shopping Electric Companies in Texas
Do you need help with selecting an energy provider on our website? Don't worry; you're not alone! With numerous options available, it can be overwhelming to know where to start. To help you out, here are some things you can consider to help you narrow down your list of electric companies.
- Price - First and foremost, price is a crucial factor when comparing electric companies in Texas. However, before deciding solely on price, we recommend considering all the factors when making an accurate Texas electric rate comparison. As we’ll learn later, some Texas energy providers have promotional energy plans that may be misleading on price.
- Read Customer Reviews - To understand a company’s customer service, check out their reviews on Google. What are other customers saying about the service they’re getting? Look for poor communication, unresponsive customer service, and billing issues.
- Company Size - It’s also worth checking how many customers a company has. This could be an indication of their size and stability. A more significant customer base can mean more resources and better infrastructure to handle customer demands.
- How long have they been in Business? - Researching the history of a company can help you form an opinion on how reliable and trustworthy they are. You can find this information on their website or by reading reviews online. A company with a long history of providing reliable service is a good sign that they’re here to stay.
- Lastly, read the Contract - Don’t just quickly sign the contract and hope for the best. Read the entire agreement carefully before committing yourself to any provider. This is one area where it pays to be thorough. Look for hidden fees or penalties, cancellation clauses, and contract length. Don’t hesitate to ask questions if there is anything you’re unsure of.
Best Electric Company in Texas
With over 100 licensed Texas electric companies, finding the best electric company in Texas can be challenging. Fortunately, the U.S. Energy Information Administration released a report ranking providers based on customer count. Below are the top 10 Texas energy companies according to this report:
- TXU Energy Retail Co, LLC - 1,668,676 Customers
- Reliant Energy Retail Services- 1,440,089 Customers
- Direct Energy Services- 516,248 Customers
- Ambit Energy Holdings, LLC- 408,661 Customers
- Green Mountain Energy Company- 364,913 Customers
- US Retailers, LLC- 348,361 Customers
- NextEra Energy Services, LLC- 293,050 Customers
- Stream SPE, LTD- 241,597 Customers
- Just Energy- 236,182 Customers
- Constellation NewEnergy, Inc 218,526 Customers
Source: U.S. Energy Information Administration (EIA), 2021 Utility Bundled Sales to Ultimate Customers- Total
Please note I don’t want to confuse you and let you think you only need to consider these energy providers. Historically, some of the best deals in Texas come from new and upcoming suppliers willing to undercut the established players. Rest assured that at EnergyPricing.com, we’ve done the homework for you and only work with reputable electricity providers.
Texas Electricity Utility Companies
Thanks to Texas's deregulated energy market, residential and commercial customers can now choose electricity providers. When you switch, I want you to know your reliability won't be compromised. Your local utility company is still responsible for maintaining power lines and delivering electricity to your home or business. Please remember if there are any power outages, you can contact your local utility company, not the provider. Below is a list of all the electric utility companies we offer plans on EnergyPricing.com.
Oncor is Texas's largest utility company, with over 141,000 miles of distribution and transmission lines. Below is a list of all major Texas cities in this utility company:
Aledo, Allen, Alvarado, Andrews, Anna, Archer City, Argyle, Arlington, Athens, Aubrey, Austin, Azle, Balch Springs, Bay City, Baytown, Bedford, Belton, Benbrook, Big Spring, Bonham, Brady, Breckenridge, Bridgeport, Brownwood, Burleson, Cameron, Canton, Carrollton, Cedar Hill, Celina, Centerville, Chandler, Cisco, Clarksville, Cleburne, Collinsville, Colorado City, Comanche, Commerce, Cooper, Coppell, Copperas Cove, Corsicana, Crockett, Crowley, Dallas, De Leon, Decatur, Denison, Denton, Desoto, Diboll, Dublin, Duncanville, Eastland, Eden, Edgewood, Elgin, Ennis, Euless, Fairfield, Farmersville, Farmers Branch, Flower Mound, Forney, Fort Stockton, Fort Worth, Frisco, Gainesville, Garland, Georgetown, Graham, Granbury, Grand Prairie, Grandview, Grapevine, Greenville, Gun Barrel City, Haltom City, Harker Heights, Haslet, Henrietta, Hewitt, Hillsboro, Hudson, Hurst, Hutto, Irving, Jacksonville, Jarrell, Justin, Kaufman, Keene, Keller, Kermit, Killeen, Lake Dallas, Lamesa, Lancaster, Lewisville, Lindale, Lufkin, Mabank, Manor, Mansfield, Mcallen, Mckinney, Melissa, Mesquite, Midland, Midlothian, Mineral Wells, Mission, Monahans, Nacogdoches, Nevada, North Richland Hills, Odessa, Palestine, Paris, Pflugerville, Pharr, Plano, Port Lavaca, Princeton, Prosper, Ranger, Red Oak, Richardson, Rockport, Rockwall, Round Rock, Rowlett, Royse City, Sachse, Saginaw, Seabrook, Sherman, Snyder, Southlake ,Springtown, Stephenville, Sweetwater, Taylor, Temple, Terrell, The Colony, Tyler, Van Alstyne, Waco, Waxahachie, Weatherford, White Settlement, Whitney, Wichita Falls, Wills Point, Woodway, and Wylie,
CenterPoint Energy – serves over 2.8 million customers. Below is a list of all major Texas cities in this utility.
Alvin, Angleton, Bacliff, Baytown, Bellaire, Channelview, Clute, Conroe, Corpus Christi, Crosby, Cypress, Deer Park, Dickinson, El Campo, Friendswood, Fulshear, Galena Park, Galveston, Hockley, Houston, Humble, Katy, Kingwood, La Porte, Lake Jackson, League City, Magnolia, Manvel, Missouri City, Montgomery, Pasadena, Pearland, Porter, Richmond, Rosenberg, Rosharon, Seabrook, Spring, Stafford, Sugar Land, Texas City, The Woodlands, Tomball, West Columbia, and Wharton
AEP Texas – Below is a list of all major Texas cities that are located in this utility company
Abilene, Alamo, Alice, Alpine, Anson, Aransas Pass, Ballinger, Balmorhea, Bay City, Beeville, Brady, Brownsville, Childress, Cisco, Corpus Christi, Cotulla, Crystal City, Del Rio, Devine, Donna, Eagle Pass, Eden, Edinburg, Edna, El Campo, Eldorado, Fort Davis, George West, Goliad, Harlingen, Haskell, Hebbronville, Ingleside, Jourdanton, Junction, Karnes City, Kenedy, Kingsville, Knox City, Laredo, Mcallen, Mercedes, Mission, Ozona, Paducah, Penitas, Pharr, Pleasanton, Port Aransas, Port Lavaca, Portland, Presidio, Rancho Viejo, Refugio, Rio Grande City, Robert Lee, Rockport, Roma, San Angelo, San Benito, San Juan, Sonora, South Padre Island, Stamford, Three Rivers, Uvalde, Victoria, Weslaco, Yorktown, and Zapata
Texas New Mexico Power delivers electricity to over 260,000 homes and businesses throughout Texas. Below is a list of all major Texas cities in this utility company.
Alvin, Angleton, Anna, Aubrey, Clifton, Coppell, Dickinson, Edgewood, Farmersville, Fort Stockton, Friendswood, Gatesville, Graham, Granbury, Grandview, Hamilton, Kermit, Lake Jackson, League City, Lewisville, Meridian, Paris, Pearland, Princeton, Texas City, Van Alstyne, West Columbia, Whitney, and Wichita Falls
Texas Electricity Plans Options
There are many options for finding the best energy plans in Texas. Here’s a breakdown of the most common types of electricity plans and what they offer:
Fixed-Rates Plans
With a fixed-rate energy plan, your electricity rate is locked in for the duration of your contract. This means that you’ll pay the same rate for every kilowatt-hour (kWh) of electricity you use, regardless of fluctuations in the energy market. Fixed-rate plans are popular for those who want budget certainty and stability.
Variable-Rate Plans
Unlike fixed-rate plans, variable-rate plans (Indexed Plans) have rates that fluctuate with the energy market. Your bill may be higher or lower depending on the current market conditions. Variable-rate plans can be a good option for those who don’t mind occasional rate changes and prefer flexibility.
100% Green Energy Plans
If you prioritize environmentally-friendly energy sources and don’t mind spending a little extra, a 100% Green Energy Plan is an excellent option. It’s worth noting that the electricity flowing through your power lines won’t typically be 100% Green Energy, even with this plan. Instead, most Texas electric providers offset your property’s annual kWh energy usage by purchasing Renewable Energy Credits (RECs). These RECs are generally generated through solar or wind energy.
Promotional Energy Plans
Promotional energy plans are popular among Texas electricity consumers, offering lower rates or unique billing structures that can save customers money. Some of the most popular are free weekend plans or Monthly usage bill credit plans that provide credits for staying under a certain usage threshold. However, customers need to be cautious when choosing a promotional energy plan. It’s essential to thoroughly read the Suppliers Electricity Facts Label (EFL) to understand the price you will pay and any fine print details that may affect your overall cost.
Tips for Finding the Best Energy Plans in Texas
When you are on a mission to find the best energy plans available in Texas, it is crucial to make an accurate Texas electric rates comparison and compare the plans apples to apples to ensure you are getting the best possible deal. Here are some tips for comparing energy plans accurately in Texas:
- Look at the plan’s Electricity Facts Label - Every residential electricity plan must have an Electricity Facts Label (EFL) in Texas. Think of it as a nutrition label found on many food products. This EFL will contain essential information such as the plan’s average electricity rate per kWh, recurring charges, early termination fees, and contract length. Just remember to make an accurate Texas electric rates comparison. Look at the EFL!
- Compare plans based on your specific kWh usage range - It’s essential to compare electricity plans based on your particular kWh usage range. For instance, if you live in an apartment and use about 500 kWh every month, it doesn’t help to look at plans designed for 2,000 kWh. It’s important to consider how much electricity you use on average and choose a plan tailored to your specific energy needs. This becomes increasingly crucial when looking at promotional plans like Usage Bill Credits. These plans typically offer credits for staying under a specific usage threshold, so understanding your typical usage is essential for you to maximize your savings.
- Note any additional fees - It’s not just about the electricity rate when comparing Texas electricity plans. It’s essential to look at the entire picture, including any additional costs associated with the plan. These include monthly service fees, renewable energy surcharges, or other add-ons. It’s important to factor these fees into the equation when comparing plans.
- Consider 100% Green Plans - A 100% Green Energy Plan may be the perfect option for those prioritizing environmentally-friendly energy sources. While these plans often come at a slightly higher cost than traditional plans, many customers find the added expense worthwhile.
- Factor in Contract Length - When choosing an electricity plan in Texas, it’s essential to consider the contract length. Fixed-rate plans typically have contract lengths ranging from 6 months to 3 years, while variable-rate plans may have no set contract period. Understanding any early termination fees associated with a plan is essential, as switching plans before the contract is up can result in penalties. Furthermore, longer contract lengths may offer lower rates. Still, they also lock customers into a set rate for a longer term, potentially limiting their ability to take advantage of lower rates in the future.
Commercial Electricity Rates in Texas
As a business owner looking for commercial electricity rates in Texas, you want to be sure you’re getting the best deal possible. Luckily, with EnergyPricing.com’s proprietary technology, you now have the power to price your electricity accounts directly with multiple Texas electricity providers, all online! Below are some benefits of using EnergyPricing.com for your next commercial electricity contract.
Tips for Lowering Your Electric Bill in Texas
To lower your electric bill in Texas and save money, there are various approaches you can take. Whether adopting energy-efficient practices or comparing rates, every small step reduces your monthly expenses. Here are a few suggestions to help you save both energy and money on your electric bill.
Shop for Better Rates
One of the easiest ways to lower your monthly electricity bill is to shop around for better rates. One option is Texas PUC's shopping website, named Power to Choose. However, please remember that any licensed provider can post their offers there, regardless of their reputation, customer service complaints, PUC violations, or BBB rating.
Unlike the state shopping website, EnergyPricing.com pre-screens all our suppliers and energy plans to bring you only the best options. Plus, for business owners seeking custom rates, our online platform connects you directly to suppliers so you can relax and watch the bids.
Energy Efficiency Measures
Another way to lower your electricity bill is to invest in energy-efficient measures. Opt for LED light bulbs, Energy Star-certified refrigerators, washing machines, dishwashers, and programmable thermostats. These choices will save you money and contribute to a greener and more sustainable future.
Smart Usage Habits
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Frequently Asked Questions
As of August 24th, 2023, the average 12-Month fixed residential electricity rate, per 1,000 kWh, for all Texas electric utilities was $0.1554 per kWh. Remember, however, that rates are constantly changing, and you can always shop around to get the best rate on EnergyPricing.com.
As of August 24th, 2023, Rhythm offers some of the cheapest electricity rates in Texas. Remember, rates change daily, so you can always compare prices on EnergyPricing.com to find the best deals.
Based on our extensive research, EnergyPricing.com confidently predicts a decline in electric rates from their peak in 2022. This can be attributed to the substantial decrease in natural gas prices expected in 2023. Stay informed and take advantage of this favorable trend with EnergyPricing.com.
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