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Your insider’s guide to finding the best electricity rates and energy plans in Bonham
If you’re a long-time resident, a new mover, a business owner, or need no-deposit electricity, this thorough guide will help you find your perfect power plan in Bonham.
Bonham electricity rates
You have the power to choose your home’s energy company in Bonham.
ComparePower is a free consumer service established in 2009 to assist residents of Bonham in searching for their best electricity plan.
Plan information is presented in a user-friendly format that enables a quick and simple comparison of available plans and options.
Offers from many different electricity providers are presented in a powerful grid that makes evaluating alternatives simple and fast.
This assures Texas energy customers avoid hidden charges and marketing gimmicks by comparing plans “apples-to-apples” without consuming hours and hours calling different energy companies or clicking through dozens of different websites.
59 Bonham Electric Rates
These live rates for ONCOR ELECTRIC DELIVERY COMPANY service area were updated on . Pricing shown is based on an exact usage of 1000 kWh.
Electricity price trends in Bonham
Energy in Bonham is deregulated. As an energy consumer, you have a choice when choosing a retail electricity provider (your energy company), which gives you insight and control over your energy bill.
Deregulation of electricity in Texas de-monopolized the electricity market for the majority of Texas, the city of Bonham included, which introduced lots of competition.
As a result, many excellent retail electricity providers compete for your business in Bonham by offering low rates, making it a great time to shop, switch, and save money on your electricity statement.
As many as 65+ providers compete for your business in Bonham, with hundreds of plans to select from.
Average electricity rates in Bonham
Updated October 2023
The average residential electricity rate in Texas is 14.46 ¢/kWh, 8.77% less than the U.S. average.
The average Texas business electricity rate is 9.13 ¢/kWh, 27% less than the U.S. average.
Got me the cheapest electric. Nice.Emily (TX, United States)
How to find the best energy plan in Bonham
#1 rule: Determine what your usage is!
Knowing how much electricity you will use month-to-month is the best way to find a deal on electricity in Bonham. Why is this so vital?
The rate you see electricity companies advertising is for an exact monthly usage (typically 1000 kWh).
Every plan uses a different equation for how your monthly bill is calculated, and your monthly bill will change according to how much electricity you consume each month.
Unless you use the advertised amount each month, you will end up paying a “price per kWh” different than the one you saw advertised when you enrolled.
Fortunately, there’s a better way to shop for an energy plan.
Calculating your expected monthly bill based on expected monthly usage, then comparing options by total monthly cost, is the best way to shop for the best rate.
Even better, if you have a year of usage history for your household, you can compare plans by total annual cost. This annualized method considers the changes in usage between the summer and winter months and is the ideal way to determine the ideal energy plan for your home.
ComparePower does all this math for you instantly. What takes hours inside a spreadsheet is now done in just moments.
We put you in the driver’s seat, taking what would amount to hours of investigation, spreadsheets, and calculations across hundreds of plans and assist you step-by-step to the energy rate plan that’s best for your home’s consumption.
We clarify the details, disclosing the various charges, so you’ll know precisely where your money is going and what to expect on your bill.
We then assist you in enrolling with your chosen electricity company without leaving our service.
The bottom line is you should determine your expected or historical usage before picking the best electricity plan for your home.
If you don’t know your usage, estimate
If you cannot acquire 12 months of historical usage, or you’re the owner of a brand new home, the next best thing is to estimate how much energy you will use in an average month.
Although knowing the previous 12 months of usage is optimum, it is far better to estimate the average energy consumption than to select the first electricity provider that you see advertised. After all, you have no idea how much energy you will use at that point.
Use ComparePower to shop for the best energy plan for your specific usage.
Ready to find the best plan for your household? Enter your zip code to get started:
Moving to Bonham: Setting up electricity
If this is your first time setting up electricity service in Bonham, to get the best rate, you need to get the previous 12 months of energy usage for your new home.
Ask the previous homeowner to provide you with their past 12 months of usage.
This information is readily found in recent billing statements.
It may take some effort to acquire usage for the past 12 months, but the time (and savings) will be well worth it.
Once you have historical usage, ComparePower will do the math instantly to help you find the best plan for your home’s usage pattern.
Note: If you are unable to obtain historical usage information, a second option would be to estimate your future usage via utilizing our “Help Me Choose” tool. By simply entering your zip code, the tool will be able to assess your home’s projected electricity consumption.
Sign-up for a plan instantly through ComparePower. We will remind you when it’s time to return to switch and save at the end of the plan length you decide on.
Ready to get started? Enter your zip code below, and we'll guide you to the best energy plan for your new home.
Switching electricity companies in Bonham
Switching is good. Market conditions are constantly changing, so it is essential to shop for a lower rate each year when your contract expires.
Your existing energy provider will typically raise your electricity rate once your term expires. If you do not take action, you’ll be left on a month-to-month rate significantly more than the plan you signed up for.
Before renewing your contract, check the rates of competing energy providers.
Switching can save you hundreds or thousands of dollars yearly on your electricity bill.
Switching is easy:
- You don’t have to contact your current company to cancel (no “break-up call”)
- No one comes to your home
- There is no disruption in your power supply
- It takes just minutes
When you decide to switch, your new energy provider will take care of everything for you, including terminating service with your previous provider.
Your lights stay on when you switch. Electricity in Bonham is all delivered by the Oncor Transmission and Distribution Utility.
The wires and poles that deliver electricity to your home do not change when you switch energy companies. Therefore the reliability of your service is not affected.
You can pick any date within 14 days of your contract expiration date without an “early cancellation” fee. That’s Texas Law.
If you’re still under contract, find out how many months remain on your contract. You can set a future start date with most providers up to 6o days in advance.
And even if you’re well inside your contract, savings achieved on your monthly bill by switching companies may outweigh the fee of breaking your existing contract.
For help with this, you can send us your latest energy bill via email, and one of our professional team members will contact you shortly to discuss your best options.
If you’re ready to switch and would like to know how to find the best plan remember that understanding your usage is the best way to find the truly cheapest price.
You will want to gather your past usage for the past 12 months to determine the best plan with the lowest rate for your household.
Ready to find the best plan for your household's usage? Enter your zip code to get started:
Bonham energy companies
Are you trying to find an excellent electricity company in Bonham?
You can sign up for service with great electricity providers such as TXU Energy, Reliant, Direct Energy, and more.
To sign up, learn more, or view current rates, click on the company of your choosing.
|Energy Companies in Bonham||Phone Number|
|New Power Texas||888-316-0697|
No-deposit electricity plans in Bonham
If you need to find an energy plan in Bonham that requires no deposit, we can help.
If charged a deposit on your first plan selection, ComparePower will automatically show you other plans available without a deposit.
That saves you a lot of time and hassle. No more clicking around and calling energy companies to determine if a deposit is needed.
Working for you, we will instantly review any deposit obligations for other plans, allowing you to get power and return to your regular activities stress-free.
Learn how to get no deposit lights.
You may be eligible to have the deposit waived if you meet one of the requirements from the Texas Public Utility Commission §25.478 – Credit Requirements and Deposits.
If you have any questions about deposit waivers, you can contact us. One of our team members will get back to you as soon as possible.
Get your lights turned on the same day with No Deposit. Enter your zip code to get started:
Bonham business power rates
If you run a company in Bonham, you’re in good company.
Bonham is home to many small and large companies and is a thriving town to run a business.
To manage your energy costs, you need to shop rates from competing providers.
ComparePower bridges the gap between your business and energy companies by inviting various energy companies to compete for your business in a sealed bid process.
You submit your information once, and the companies will present their bids. You get to pick the cheapest price. Simple, quick, and easy.
Click here to get competing quotes for your business electricity.
To learn more about smart meters or to download your electricity usage, visit Smart Meter Texas.
To report an issue with your electricity service or power outages in Bonham, visit the Oncor website or call them at 1-800-242-9113.
For gas service in Bonham, call or visit Bonham’s official city website to determine who your provider is.
In Bonham, water, garbage, sewer, and recycling services are usually handled by the City of Bonham.
Other utility service areas in Texas
Not in the Oncor Service area? Search low electricity rates by service area and local utility company.
Click on your Texas Distribution Utility (TDU) below to compare electricity rates in your service area.
Don’t know your TDU? Use our zip code finder to search for your new low rate:
View electricity prices for zip codes in Bonham
Find cheap electricity rates by zip code. Click on your zip code below to find competitive rates in your area.
View electricity prices for cities near Bonham
Are you looking for a cheap electricity rate in another city? Find your city below and click to sign up for a low-cost electricity plan.
If your city is not on the list, use the zip code finder for a rate lower than what you currently pay in your city.
- Houston, TX
- Dallas, TX
- Fort Worth, TX
- Arlington, TX
- Katy, TX
- Corpus Christi, TX
- Spring, TX
- Plano, TX
- Irving, TX
- Laredo, TX
- Midland, TX
- Odessa, TX
- Tyler, TX
- Richmond, TX
- Cypress, TX
- Grand Prairie, TX
- Humble, TX
- Round Rock, TX
- Waco, TX
- Killeen, TX
- Sugar Land, TX
- Abilene, TX
- Pearland, TX
- Mcallen, TX
- Mesquite, TX
- Pasadena, TX
- Richardson, TX
- Baytown, TX
- Carrollton, TX
- Wichita Falls, TX
- San Angelo, TX
- Lewisville, TX
- Missouri City, TX
- Mission, TX
- Temple, TX
- League City, TX
- Mckinney, TX
- Galveston, TX
- Pflugerville, TX
- Harlingen, TX
Support You Can Count On
Questions? Our local experts can help you navigate options and find the best electricity plan. Reach out to us.