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EnergyPricing.com / Electricity Rates / Texas Electricity Rates / Mineral Wells Electricity Rates

Last Updated: September 12, 2024

Key Points

  • Mineral Wells' deregulated energy market gives you the power to shop around for the perfect electricity plan for your home or business. 
  • Don't just make a quick decision - compare features, weigh factors & shop the top providers on EnergyPricing.com.
  • Oncor is the local electric utility company in Mineral Wells, Texas. 

Today's Best Electricity Rates in Mineral Wells

Average Electricity Rates in Mineral Wells Today

Many factors, like weather conditions, energy demand, regulatory factors, and competition among electricity providers, affect electric rates in Mineral Wells. Below are the current average electricity rates offered by retail providers in this market. 

Current Avg. Electricity Rates 

12 Month Fixed Rate $0.1430
24 Month Fixed Rate $0.1414
36 Month Fixed Rate $0.1446
Last Updated at: November 3, 2024.

Understanding Mineral Wells' Deregulated Energy Market

Residents of Mineral Wells TX have the freedom to choose their electricity provider, but with this deregulated energy market comes the responsibility of researching and comparing rates, plans, and providers to get the best deal.

To effectively explore electricity rates, you'll need to keep the rate, contract length, and any extra fees in mind.

Comparing Electricity Providers

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

Compare Electric Rates 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 that 2 minutes.

Customer Reviews

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Watch the video below to learn how shop online with EnergyPricing.com.

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Factors to Consider When Shopping Electric Companies in Mineral Wells TX

When shopping for electricity providers 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 Mineral Wells Electric Company

With over 100 electric companies to choose from, finding the best can be challenging. Fortunately, the U.S. Energy Information Administration ranked providers based on customer count. Here are the top 10 energy companies according to their lastest report released in 2022:

  1. TXU Energy Retail Co, LLC - 1,742,792 Customers
  2. Reliant Energy Retail Services - 1,676,373 Customers
  3. Ambit Energy Holdings, LLC - 400,643 Customers
  4. US Retailers, LLC - 376,699 Customers
  5. Green Mountain Energy Company - 363,389 Customers
  6. Direct Energy Services - 316,557 Customers
  7. Gexa Energy, LP - 298,875 Customers
  8. Just Energy - 298,175 Customers
  9. Constellation NewEnergy, Inc. - 247,884 Customers
  10. Stream SPE, LTD - 217,146 Customers

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 come from new and upcoming suppliers willing to undercut the established players.

Types of Electricity Plans

If you are searching for the best energy plan, but are unsure which one to pick, we have got you covered. Below is a list of the most commonly offered plan types, along with their benefits, to 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

If you're trying to cut down on your monthly electricity costs,, don't fret. These tips will assist you in finding the best electricity plan in no time.

  1. Check the plan's Electricity Facts Label (EFL): Every residential electricity plan 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.

How to Save Money on Your Electricity Bill

Lower your electricity bill by considering a new electricity provider, investing in energy-efficient equipment, and being mindful of your energy usage habits. Knowing more about providers and rates can help you 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 Mineral Wells, Texas?

If you're planning to move to Mineral Wells, TX, keep in mind that it's part of a deregulated electricity market. This gives you the freedom to compare and select from various energy providers and plans to get the most competitive rates.

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

Local Electric Utility Company in Mineral Wells

Oncor, the Mineral Wells electric company, plays a crucial role in delivering power from plants to homes and businesses, while also maintaining the infrastructure. It's vital to remember that during power outages, contacting Oncor is more effective than reaching out to your Retail Electricity Provider.

Locate your ESID number

Every meter has a unique identifier known as an Electric Service identifier (ESI ID) number. This number is required by energy companies to set up your service. If you don't have your ESID number, you can contact your local utility company or use our ESID address lookup tool when signing up on our website..

Retail Electricity Providers

The 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 Mineral Wells, Texas

Business owners, are you exhausted from the hassle of pricing your business electricity accounts? EnergyPricing.com is the perfect solution! Say goodbye to time-consuming phone calls and face-to-face meetings for good.

EnergyPricing.com is a hassle-free platform that enables you to receive quotes from multiple electric companies.

Ready to Start Pricing? Save Today!

Throughout our thrilling journey, we gained knowledge of Mineral Wells' electric rates. We talked about the deregulated energy market, shared advice for comparing energy companies, and explored ways to save money on electricity bills.

Get ready to take charge of your electricity usage! Compare rates now and find the perfect plan for your home or business. Click the Get Started Button to start saving money on electricity bills today!

So what are you waiting for? Simply press the Get Started button and start comparing electricity rates today!

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Frequently Asked Questions

Who is EnergyPricing.com?

EnergyPricing.com is an online marketplace that connects residential and commercial customers in deregulated electricity and natural gas states with energy suppliers.

How does EnergyPricing.com make money?

As a registered electricity and natural gas broker with the Public Utility Commission in each state where we operate, energy suppliers pay us a small referral fee for connecting customers like you with them. Here is a full explanation of how we make money.

Who is the local electric utility company in Mineral Wells?

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.


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