Electricity Rates in Lufkin TX
Last Updated: September 19, 2023
Author: Paul I. Rhoads, CEM, CEP
Compare Electric Companies in Lufkin TX and Find the Best Prices in 2023
Are you overpaying for electricity in Lufkin? Look no further!
This article is your go-to guide for finding the best electricity rate in Lufkin, comparing providers and plans, and switching to a more budget-friendly energy solution.
Power your home or business with confidence, knowing you've made the smart choice for your energy needs.
Understanding Lufkin's Deregulated Energy Market
Residents of Lufkin TX have the freedom to choose their energy provider, but that also means they must research and compare various rates, plans, and providers to find the best deal.
To ensure a thorough understanding of Lufkin's energy rates, it's crucial to take into account factors such as the rate, contract length, and fees. Are you ready to learn more about Lufkin's electricity rates? Let's get started!
Current Electricity Rates in Lufkin TX
Many factors, like weather conditions, energy demand, regulatory factors, and competition among electricity providers, affect electric rates in Lufkin. Below are the current average Lufkin electricity rates offered by retail electricity providers. To access the latest rates, enter your zip code to get started.
- 12-Month Fixed Rate of $0.1512 per kWh
- 24-Month Fixed Rate of $0.1448 per kWh
- 36-Month Fixed Rate of $0.1452 per kWh
Source: This data is based on the average fixed-rate Oncor residential plans (per 1,000 kWh) offered by Retail Electricity Providers as of August 24, 2023.
Future Electricity Rates in Lufkin TX
Interested in future electricity prices in Lufkin? While it's impossible to predict with absolute certainty, we can estimate by analyzing the energy market.
The Energy Future functions like the stock market, where traders buy and sell energy contracts based on their predictions of future energy prices. It provides insights into the electricity market in Lufkin, TX. Check out the latest energy future market chart for this region below.
Source: ERCOT North 345 KV Hub D-A 5 MW Peak
Comparing Electricity Providers in Lufkin TX
Finding the best electricity rates in Lufkin doesn't have to be overwhelming. With EnergyPricing.com's easy-to-use interface, comparing rates is a breeze!
Compare Electric Rates in Lufkin in just 3 Easy Steps:
- Click the Get Started Button: This will direct you to all our available electricity providers in your area.
- Compare Rates and Providers: Our easy-to-use interface allows you to compare all the providers and plans effortlessly.
- Enroll Online: Once you find the perfect plan, you can enroll online in less than 2 minutes.
Would you like to see how it works in real time? Watch the video below to learn how to shop online with EnergyPricing.com.
Factors to Consider When Choosing an Electric Company in Lufkin TX
When shopping for electricity providers in Lufkin, there are a few important factors to consider. These include:
- Price: Be sure to compare different rates and plans from each provider to find the best options for your needs and budget.
- Read Customer Reviews: Many customers will post reviews of their experience with each provider. This can be a great way to get an idea of the customer service and reliability of each company.
- Company Size: Consider the number of customers a company has. It can indicate their size and stability. A larger customer base means more resources to meet customer demands.
- Company History: Researching a company's history can help you gauge its reliability. A company with a long history of reliable service is a positive sign of its longevity.
- Read the Contract: Read the entire agreement carefully before committing yourself to any provider. Look for hidden fees or penalties, cancellation clauses, and contract length.
Best Lufkin Electricity Provider
Finding the top electric company in Lufkin TX requires significant effort. Nevertheless, we can trust the report by the U.S. Energy Information Administration, which ranks the providers based on the number of customers they serve. These are the most popular choices:
- 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
As a resident of Lufkin TX, don't assume that the electricity providers I mentioned earlier are your only options. In fact, new and upcoming suppliers may offer more competitive rates than the established players.
Types of Electricity Plans in Lufkin TX
If you're in Lufkin and struggling to decide on the best energy plan, don't worry! Here's a rundown of the most popular plan options and their benefits to help you make an informed decision before signing your next energy contract.
Fixed-Rates Plans - With a fixed-rate energy plan, your electricity rate is locked in for the duration of your contract. This means you'll pay the same rate for every kilowatt-hour (kWh) of electricity you use, regardless of market fluctuations.
Variable-Rate Plans - Unlike fixed-rate plans, variable-rate plans (Indexed Plans) have rates that fluctuate with the energy market. Your bill may vary based on market conditions.
100% Green Energy Plans - If you prioritize environmentally friendly energy and don't mind the extra cost, a 100% Green Energy Plan is a great choice. However, it's important to note that the electricity flowing through your power lines may not be 100% Green Energy even with this plan. Instead, most electric providers offset your energy usage by purchasing Renewable Energy Credits (RECs) generated from solar or wind energy.
Promotional Energy Plans - Promotional energy plans offer savings through lower rates or unique billing structures. Popular options include free weekend plans and Monthly usage bill credit plans. However, customers should carefully review the Supplier's Electricity Facts Label (EFL) to understand pricing and potential additional costs.
Tips for Comparing Energy Plans in Lufkin TX
If you're seeking ways to lower your monthly energy bill in Lufkin TX, don't worry. These tips can assist you in quickly finding the optimal electricity plan.
- Check the plan's Electricity Facts Label (EFL): Every residential electricity plan in Texas must have an EFL. It's like a nutrition label for electricity plans. The EFL provides important details such as the average electricity rate per kWh, recurring charges, early termination fees, and contract length. Just remember to make an accurate electric rates comparison. Look at the EFL!
- Look up your kWh Usage. To compare plans effectively, consider your specific kWh usage. For example, if you use about 500 kWh per month, focus on plans tailored to your needs. This is especially important for promotional plans that offer credits for staying under a usage threshold.
- Note any additional fees: Besides the electricity rate, consider other costs, monthly service fees, cancellation fees, and 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.
- Contract Length: Most electric providers offer plans from one month to three years. You may be able to save money with a longer-term plan, but make sure you understand the cancellation fees before committing yourself to any provider.
Saving Money on Your Electricity Bill in Lufkin TX
Lowering your energy bill in Lufkin can be achieved by shopping for better rates, investing in energy-efficient equipment, and being mindful of your energy usage habits. By following these tips and understanding providers and rates, you can save money on your energy expenses.
Shop for Better Rates - To lower your monthly electricity bill, consider shopping around for better rates. One option is Texas PUC's shopping website, Power to Choose. It's important to note that any licensed provider can post offers there, regardless of reputation and customer service complaints. Unlike the state shopping website, EnergyPricing.com pre-screens all our suppliers and energy plans to bring you the best options.
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 - Alongside investing in energy efficiency measures, embracing smart energy usage habits can significantly contribute to saving on your electricity bills. You can actively reduce your energy consumption and enjoy lower monthly bills by turning off lights and electronics when not in use, sealing air leaks in your home, and opting for fans instead of air conditioning.
Moving to Lufkin, Texas: What you Need to Know about Your Electric Bill
If you're planning to move to Lufkin, TX, keep in mind that it's in a deregulated electricity market. As a result, you have the ability to select and compare various electricity providers and plans to secure the most competitive rate.
Below is everything you need to know about how to set up your electricity bill in Lufkin.
Local Electric Utility Company in Lufkin
Oncor is responsible for providing electricity to homes and businesses in the Lufkin area and maintains the electrical infrastructure. Remember to contact Oncor in case of any power outages, not your Retail Electricity Provider.
Locate your ESID number
Each meter in Lufkin has a unique identifier known as an Electric Service identifier (ESI ID) number, which must be provided to energy companies when you set up your electricity service. If you need your ESID number, contact your local utility company or use our ESID address lookup tool when enrolling on our website.
Retail Electricity Providers in Lufkin TX
The Lufkin electric companies you will choose from are called Retail Electricity Providers (REPs). To set up your electric service, click the Get Started Button below, select the REP you prefer, and let them know your move-in date. It's a simple process!
Commercial Electric Rates in Lufkin, Texas
Are you a business owner in Lufkin tasked with pricing your electricity accounts? Energypricing.com is a hassle-free platform that enables you to receive quotes from multiple electric companies in Lufkin TX. With our proprietary technology, you can get instant quotes from your computer or smartphone effortlessly. Our user-friendly platform is easy to navigate. Join our revolution today and experience the benefits of EnergyPricing.com!
- Direct Access to Providers: Our easy-to-use interfaces let you submit your commercial electricity accounts directly to our network of electricity providers. Just sit back and watch the bids come in!
- Transparent Pricing: At EnergyPricing.com, we believe in being 100% transparent with our pricing and will disclose how much electricity providers compensate us. Due to our automated online pricing process, we can offer some of the rates in the market.
- Expert Advice: Unsure which plan or energy provider to use? No problem. You will have access to an industry expert who can help you.
Ready to Start Pricing? Save Today!
We gained useful information about Lufkin's electric rates today. We conversed about the deregulated energy market, gave advice on comparing energy companies, and shared strategies for reducing your electricity bills.
Ready to manage your electricity usage in Lufkin? Start comparing rates today and find the perfect plan for your home or business. Click the Get Started Button below.
Frequently Asked Questions
Who has the best electricity rates in Lufkin?
As of August 25, 2023, Rhythm offers some of the cheapest electricity rates in Lufkin. Remember, rates change daily, so you can always compare prices on EnergyPricing.com to find the best deals.
Who is the local electric utility company in Lufkin?
You can rely on Oncor, your local utility company, for delivering and maintaining your electricity. If there's a power outage, just contact them to get you back up and running.
What is the electricity rate in Lufkin?
As of August 25, 2023, the current average 12-month Fixed Rate for residential customers in Lufkin is $0.1512 per 1,000 kWh. Remember, rates are constantly changing, so be sure to shop around for the best rates on EnergyPricing.com.