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Your insider’s guide to finding the best electricity rates and energy plans in Detroit
Whether you are a business owner, new resident, or long-time citizen of Detroit, this comprehensive guide will enable you to find your best solution for an electricity plan.
Detroit electricity rates
As a resident or business owner in Detroit, you can choose the electricity provider that best meets your needs.
ComparePower is a free consumer service established in 2009 to assist residents of Detroit in shopping for their lowest-rate electricity plan.
Plan information is presented in a user-friendly format that enables quick and simple comparison of available plans and options.
Competing offers from many electricity providers are outlined in a simple layout that makes comparing your options simple and quick.
This helps Texas energy customers avoid hidden markups and advertising gimmicks by comparing plans “apples-to-apples” without spending hours making phone calls or clicking through hundreds of websites.
63 Detroit Electric Rates
These live rates for TEXAS-NEW MEXICO POWER COMPANY service area were updated on . Pricing shown is based on an exact usage of 1000 kWh.
Electricity price trends in Detroit
Energy in Detroit has been deregulated. As an energy consumer, you can choose a retail electricity provider (your energy provider), which gives you flexibility and power over your energy bill.
Deregulation of energy in the state de-monopolized the electricity market for most of Texas, the city of Detroit included, which introduced massive competition.
As a result, many fantastic retail electricity providers compete for your business in Detroit by offering low prices, making it a great time to shop, switch, and save costs on your energy bill.
As many as 65+ providers compete for your business in Detroit, and hundreds of plans exist to select from.
Average electricity rates in Detroit
Updated October 2023
The average residential electricity rate in Texas is 14.01 ¢/kWh, 13.70% less than the U.S. average.
Got me the cheapest electric. Nice.Emily (TX, United States)
How to find the best energy plan in Detroit
#1 rule: Usage is key!
Knowing the amount of energy you will use month-to-month is the ideal way to shop for electricity in Detroit. Why is this so vital?
The “price per kWh” you see electricity companies advertising is for an exact monthly usage (usually 2000 kWh).
Every plan uses a different equation for how your monthly bill is computed, and your monthly bill will be determined by how much power you consume in the month.
Unless you use the advertised amount each month, you will end up paying a “price per kWh” different than what you saw when you enrolled.
Thankfully, there’s a better way to pick your electricity plan.
Calculating your total monthly bill based on estimated monthly usage, then comparing rates by total monthly cost is the best way to shop for the best rate for your home.
Better yet, if you have a year of usage history for your home, you can compare plans by total annual cost. This annualized method considers the changes in usage between summer and winter months and is the absolute best way to discover the ideal electricity plan for your home.
ComparePower does all this math for you in an instant. What could take you hours on a spreadsheet is now solved in a few seconds.
We put the power in your hands, taking what would amount to hours of research, spreadsheets, and computations across hundreds of plans and assisting you step-by-step with the electricity rate plan that’s best for your home’s consumption.
We clarify the fine print, disclosing all fees, so you’ll know exactly where your money is going and what to anticipate on your monthly bill.
We then help you order your plan with your selected energy company without leaving our website.
The bottom line is you should understand your expected or historical usage before selecting the best electricity plan for your home.
If you don’t know your usage, estimate
If you recently purchased a home or business, or you cannot obtain 12 months of usage history, you can always estimate the average amount of energy that you will use in any given 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 find the best electricity plan for your specific usage.
Ready to find the best plan for your household? Enter your zip code to get started:
Moving to Detroit: Setting up electricity
If this is your first time setting up electricity service in Detroit, 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.
Acquiring usage for the past 12 months may take effort, 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 cannot obtain historical usage information, a second option would be to estimate your future usage using our “Help Me Choose” tool. By simply entering your zip code, the tool can assess your home’s projected electricity consumption.
By signing up for a plan through ComparePower, you will receive automated reminders when renewing your existing plan or possibly switching plans.
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 Detroit
Switching is good. Market conditions are constantly in flux, so it is essential to shop for a lower price each year when your contract is about to expire.
Your existing electricity company will normally 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 electricity providers.
Switching can save you hundreds or thousands of dollars yearly on your energy 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 electricity supply
- It takes just minutes
When you decide to switch, your new energy provider will take care of everything for you, including canceling service with your previous company.
Your lights stay on when you switch. Electricity in Detroit is all delivered by the Oncor Transmission and Distribution Utility.
The wires and poles that deliver power to your home do not change when you switch energy providers. Therefore the reliability of your service is not affected.
You can pick any date within 14 days of your contract expiration without an “early cancellation” penalty. 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.
The amount saved each month by switching to a different electricity company may outweigh the one-time fee to get out of your contract early.
If you’re ready to switch and want to know how to find the best plan remember that understanding your usage is the best way to find the truly lowest price.
Keep in mind that when you get ready to switch, and you want to know the most efficient way to find the right plan at the best rate, it is essential that you first understand your usage. To accomplish that, you will need to collect the usage history for the past 12 months.
Ready to find the best plan for your household's usage? Enter your zip code to get started:
Detroit energy companies
Looking for a great electric company in Detroit?
You can enroll for service with great companies such as TXU Energy, Reliant, Direct Energy, and more.
To sign up, learn more, or view current rates, click on your chosen company.
|Energy Companies in Detroit||Phone Number|
|New Power Texas||888-316-0697|
No-deposit electricity plans in Detroit
If you need to find an energy plan in Detroit that requires no deposit, we can help.
If your first selection of plans charges a deposit, ComparePower will automatically show you additional plans that require no money down.
Instead of calling many energy companies or browsing through websites to determine if different electricity companies require a deposit, this will save you a ton of time and effort.
We will immediately check the different plans for any deposit requirements so you can get your lights on and return to your day.
Learn how to get no-deposit lights.
You may be eligible to waive the deposit if you meet one of 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:
Detroit business power rates
If you run a company in Detroit, you’re not alone.
Detroit has become a thriving place for many small to mid-sized companies. The town is small enough to get to know people and thrive, yet close enough to large metropolitan cities that provide even more growth opportunities.
To lower your electricity bill, compare prices from competing energy companies.
ComparePower bridges the gap between your business and energy companies by inviting various energy providers to compete for your business in a sealed bid process.
You submit your information once, and the companies will present their bids. You choose the cheapest rate. 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 Detroit, visit the Texas-New Mexico (TNMP) website or call them at 1-888-866-7456.
For gas service in Detroit, call or visit Detroit’s official city website to determine who your provider is.
In Detroit, the City of Detroit usually handles water, garbage, sewer, and recycling services.
Other utility service areas in Texas
Not in the Texas-New Mexico (TNMP) 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 Detroit
Find cheap electricity rates by zip code. Click on your zip code below to find competitive rates in your area.
Popular ZIP codes:
View electricity prices for cities near Detroit
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.