Bonham electricity rates and energy plans
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, Texas.
Time to read: about 7 min
Sections in this guide:
Pick a section below to navigate directly to it:
- Bonham Electricity Rates Table (live 24/7 updates)
- Electricity Price Trends in Bonham (average kWh price chart)
- How to find the best energy plan in Bonham (know your usage!)
- Moving to Bonham: Setting up Electricity (how to choose the right plan)
- Switching electricity companies in Bonham (how to choose the best plan)
- Bonham Energy Companies
- No-Deposit Electricity Plans in Bonham
- Bonham Business Electricity Plans
- Bonham Utilities (and how to report a power outage)
Bonham Electricity Rates Table
You have the power to choose your home’s energy company in Bonham, Texas.
ComparePower is a free consumer service established in 2009 to assist residents of Bonham searching for their best electricity plan.
Plan information is presented in a user-friendly format that enables quick and simple comparison of available plans and options.
Offers from a number of 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.
77 Bonham Electric Rates
These live rates for Oncor Electric Delivery service area were updated on . Pricing shown is based on an exact usage of 1000 kWh.
Electricity Price Trends in Bonham
Energy in Bonham, Texas, is deregulated. As a consumer of energy, you have a choice when it comes to 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 and there are hundreds of plans to select from.
Average Electricity Rates in Bonham, Texas
This chart is compiled using data from the U.S. Energy Information Administration (EIA.GOV).
The average price for electricity in Texas in 2017 was 11.4 cents per kilowatt-hour (kWh).
There are fixed-rate plans for Bonham residents on ComparePower with rates as low as $0.07
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 in each month.
Unless you use exactly the advertised amount each month, you will end up paying an effective “price per kWh” different than the one you saw advertised when you enrolled.
Fortunately, there’s a better way to shop for 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 for you.
Even better, if you have an entire year of usage history for your household, you can compare plans by total annual cost. This annualized method takes into account the changes in usage between 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 and fees, 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 are unable to 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.
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 home-owner 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 its time to return to switch and save at the end of the plan length you decide on.
Switching electricity companies in Bonham
Switching is good. Market conditions are always changing, so it is important to shop for a lower rate each year when your contract is close to expiring.
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 that is significantly more than the plan you signed up.
Before renewing your contract make sure to check the rates of competing energy providers.
Switching can save you hundreds or thousands of dollars each year 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 to break 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.
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 |
|---|---|
| 4Change Energy | 855-550-6663 |
| Champion Energy | 877-653-5090 |
| Direct Energy | 855-307-6915 |
| First Choice Power | 888-458-6877 |
| Green Mountain | 844-854-2257 |
| Discount Power | 855-236-1309 |
| Reliant | 855-887-2194 |
| Frontier Utilities | 866-763-5084 |
| Cirro Energy | 844-417-7179 |
| Constellation | 855-798-2889 |
| Gexa Energy | 855-639-8210 |
| TXU Energy | 866-603-1533 |
| Payless Power | 855-854-8482 |
| Pulse Power | 855-652-1045 |
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 find out 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.
Deposit Waivers
You may be eligible to have the deposit waived if you meet one of the following criteria.
A residential customer or applicant may be deemed as having established satisfactory credit if:
- The customer has been a customer of any REP or an electric utility within the two years prior to the request for electric service; is not delinquent in payment of any such electric service account, and during the last 12 consecutive months of service was not late in paying a bill more than once.
- The customer or applicant possesses a satisfactory credit rating obtained through a consumer reporting agency, as defined by the Federal Trade Commission.
- The customer or applicant is 65 years of age or older and the customer is not currently delinquent in payment of any electric service account.
- The customer or applicant has been determined to be a victim of family violence.
- The customer is medically indigent.
The requirements above are directly from the Texas Public Utility Commission §25.478 – Credit Requirements and Deposits.
Note: For any of the situations above, you must first complete your order an energy plan on ComparePower before you can obtain a waiver for your deposit.
After you’ve placed your order, you will receive an email with instructions as well as contact information for your new energy company.
Important: You must send your waiver information by email, phone, fax or mail to your new energy company (not to ComparePower).
As soon as your energy company receives your documentation, they will let you know that they’ve sent a request for your energy service to begin.
Remember, your energy company will not start your electric service until you satisfy any deposit requirement (you pay or receive a waiver).
If you have any questions on deposit waivers, you can contact us. One of our team members will get back to you as soon as possible.
Bonham Business Power Rates
If you run a company in Bonham, you’re in good company.
Bonham is home to a significant number of 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 to pick the cheapest price. Simple, quick, and easy.
Click here to get competing quotes for your business electricity.
Bonham Utilities
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.
Gas
For gas service in Bonham, call or visit Bonham official city website to determine who your provider is.
Waster/Sewer/Garbage/Recycling
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.
View electricity prices for Zip Codes in Bonham, Texas
Find cheap electricity rates by zip code. Click on your zip code below to find competitive rates in your area.
Popular ZIP codes:
75418 75447 75488
View electricity prices for cities near Bonham, Texas
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.
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