Head Shot of Paul Rhoads, Author

Last Updated: January 31, 2024

Author: Paul I. Rhoads, CEM, CEP


Comparing Electricity Rates in Midland, TX in 2024

Looking to reduce your energy bills in Midland? This article will guide you on how to find the best energy rates in Midland, compare plans and providers, and switch to a more cost-effective energy solution.

With this guide, you can power your home or business with confidence, knowing you've made a smart choice for your energy needs.

Understanding Midland's Deregulated Energy Market

The residents of Midland, TX can choose their energy providers because it is a deregulated energy market. However, they need to spend time researching and comparing rates, plans, and providers to find the best deal.

To begin exploring Midland electricity rates, it's essential to take into account factors such as the rate, contract duration, and possible extra charges. Are you ready to learn more about Midland's electricity rates? Let's start!

Comparing Electric Providers in Midland TX

Finding the best electricity rates in Midland doesn't have to be overwhelming. With EnergyPricing.com's easy-to-use interface, comparing rates is a breeze!

Compare Electric Rates in Midland in just 3 Easy Steps:

  1. Click the Get Started Button: This will direct you to all our available electricity providers in your area.
  2. Compare Rates and Providers: Our easy-to-use interface allows you to compare all the providers and plans effortlessly.
  3. Enroll Online: Once you find the perfect plan, you can enroll online in less that 2 minutes.

Would you like to see how it works in real-time? Watch the video below to learn how shop online with EnergyPricing.com.

How to Shop Youtube CoverHow to Shop Youtube Cover

Factors to Consider When Shopping Electricity Companies in Midland TX

When shopping for electricity providers in Midland, there are a few important factors to consider. These include:

  1. Price: Be sure to compare different rates and plans from each provider to find the best options for your needs and budget.
  2. 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.
  3. 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.
  4. 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.
  5. 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 Midland Electric Company

To find the best Midland electric company, we can refer to the report by the U.S. Energy Information Administration. The report ranks the companies based on their number of customers, indicating which ones are the most popular.

  1. TXU Energy Retail Co, LLC – 1,668,676 Customers
  2. Reliant Energy Retail Services- 1,440,089 Customers
  3. Direct Energy Services- 516,248 Customers
  4. Ambit Energy Holdings, LLC- 408,661 Customers
  5. Green Mountain Energy Company- 364,913 Customers
  6. US Retailers, LLC- 348,361 Customers
  7. NextEra Energy Services, LLC- 293,050 Customers
  8. Stream SPE, LTD- 241,597 Customers
  9. Just Energy- 236,182 Customers
  10. Constellation NewEnergy, Inc - 218,526 Customers

If you live in Midland TX, please don't assume that the electricity providers I mentioned above are the only options you have. In fact, newer and emerging suppliers often offer better deals in Midland TX by undercutting the established companies.

Types of Electricity Plans in Midland TX

If you're searching for the best energy plans in Midland but are unsure which one to pick, this information on the most frequently available plan types and their benefits should assist you in making an informed decision.

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 Midland TX

Do you want to find a way to lower your monthly electric bill in Midland TX? Here are some tips that can assist you in finding the best electricity plan.

  1. 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!
  2. 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.
  3. 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.
  4. Consider 100% Green Plans: A 100% Green Energy Plan may be the perfect option for those prioritizing environmentally-friendly energy sources.
  5. 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 Midland TX

In order to reduce your Midland electricity bill, you can try changing your electricity provider, purchasing energy-efficient equipment, and paying attention to your energy usage habits.

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 Midland, Texas: What you Need to Know about Your Electric Bill

Are you planning on moving to Midland, TX? If so, you'll want to know that Midland operates on a deregulated electricity market. That means you have the option to compare and choose from various electricity providers and plans to find the most cost-effective option available.

Below is everything you need to know about how to set up your electricity bill in Midland.

Local Electric Utility Company in Midland

Oncor is the electricity company for the Midland area. They deliver electricity from power plants to homes and businesses and maintain the electrical infrastructure. If there are any power outages, you should contact Oncor, not your Retail Electricity Provider.

Locate your ESID number

To set up your Energy service in Midland, you need to provide the unique Electric Service identifier (ESI ID) number assigned to your electricity meter. You can obtain this number by contacting your local utility company or using our ESID address lookup tool during enrollment on our website.

Retail Electricity Providers in Midland TX

The Midland 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 Midland, Texas

Are you a business owner in Midland searching to price your electricity accounts? Check out EnergyPricing.com, a solution that can save you time and make the process easier. Say goodbye to endless phone calls and in-person meetings.

EnergyPricing.com makes it easy for you to get quotes from various electric companies in Midland. You can use our user-friendly platform and our own technology to get quotes quickly to your computer or smartphone. Discover the advantages of EnergyPricing.com by joining our revolution now!

  1. 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!
  2. 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.
  3. 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!

During our adventure, we learned about the electricity rates in Midland TX, including the deregulated energy market. We provided tips for comparing energy companies and discussed strategies for saving money on electricity bills.

Ready to manage your electricity usage in Midland? Simply click the Get Started Button to start saving money on your electricity bill today!

Girl holding a laptop and saying easily comparing rates, click hereGirl holding a laptop and saying easily comparing rates, click here