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Your insider’s guide to finding the best electricity rates and energy plans in Hico
If you’re a long-time resident, new to Hico, own a business, or need no-deposit electricity, this guide will help you find your ideal power plan in Hico.
Hico electricity rates
You have the power to choose your household’s energy provider in Hico.
ComparePower is a free consumer service established in 2009 to help residents of Hico searching for their lowest-rate electricity plan.
These official rates are the identical prices you’ll find contacting the electricity companies or visiting their websites.
Competing offers from many electricity companies are presented in a powerful layout that makes comparing your options simple and quick.
This assists Texas consumers in avoiding hidden fees and advertising gimmicks by comparing plans “apples-to-apples” without consuming hours calling different energy providers or navigating hundreds of other websites.
54 Hico 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 Hico
Energy in Hico is deregulated. As a resident, you can choose a retail electricity provider (your energy provider), which gives you flexibility and power over your energy bill.
Deregulation of electricity in Texas de-monopolized the energy market for most of Texas, the city of Hico included, which introduced massive competition.
As a result, many fantastic power companies compete for your business in Hico by offering low prices, making it a great time to shop, switch, and lower costs on your energy bill.
As many as 60-100 retail electricity providers compete for your business in Hico, with hundreds of plans to select from.
Average electricity rates in Hico
Updated June 2023
The average residential electricity rate in Texas is 14.46 ¢/kWh, 8.78% less than the U.S. average.
Got me the cheapest electric. Nice.Emily (TX, United States)
How to find the best energy plan in Hico
#1 rule: Determine what your usage is!
Knowing the amount of electricity you will use month-to-month is the best way to find a deal on power in Hico. Why is this so vital?
The rate you see energy providers advertising is for an exact monthly usage (typically 1000 kWh).
Every plan has a different calculation for how your monthly bill is computed, and your monthly bill will be determined by how much power you use in the month.
Unless you match the exact advertised usage each month, you will end up paying a “price per kWh” different than the one you saw advertised when you signed up.
Thankfully, there’s a better way to shop for an electricity provider.
Calculating your expected monthly bill based on estimated monthly usage, then comparing rates with the total monthly bill is the best way to shop for the best rate for your household.
Better still, 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 the summer and winter and is the ideal way to discover the perfect energy rate plan for your home.
ComparePower does all this math for you instantly. What takes hours on a spreadsheet is now solved in a few moments.
We put you in the driver’s seat, taking what would amount to hours of investigation, spreadsheets, and computations across hundreds of offers to assist you step-by-step with the energy rate plan that’s best for your household’s usage.
We clarify the details, disclosing the various charges, so you’ll know precisely where your money is going and what to anticipate on your bill.
We then help you sign up with your selected energy company without leaving our website.
The takeaway here is you must determine your expected or historical usage before choosing the right energy 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.
While not as optimal as having all the previous 12 months of usage, estimating your average usage is better than blindly picking the first plan you see advertised by an electricity company at a specific usage that isn’t what you’ll consume.
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 Hico: Setting up electricity
If this is your first time setting up electricity service in Hico, 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 can’t obtain a usage history, you can estimate your monthly usage instead. Utilize our “Help Me Choose” tool when you enter your zip code below, and we’ll help you evaluate your home’s usage.
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 Hico
Switching is good. Market conditions are constantly in flux, so it is essential to shop for a lower rate each year when your contract expires.
Your existing energy company will typically raise your electricity rate once your term expires. If you fail to take action, you’ll be left on a month-to-month rate significantly higher than the plan you signed up for.
Before renewing your contract, check the rates of competing energy companies.
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 provider 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 company will handle everything for you, including canceling service with your previous provider.
There is no loss of power when you switch. Electricity in Hico 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 electricity providers. Therefore the reliability of your service is not affected.
You can choose any date up to 14 days before your current contract’s end date without an “early termination” penalty. Texas law protects you here.
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 providers may outweigh the fee of breaking your existing contract.
If you’re ready to switch and want to know how to find the best plan, remember that knowing your usage is the best way to find the lowest price.
You will want to find 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:
Hico energy companies
Are you trying to find an excellent electricity company in Hico?
You can sign up for service with great companies such as TXU Energy, Reliant, Direct Energy, and more.
|Energy Companies in Hico||Phone Number|
|New Power Texas||888-316-0697|
No-deposit electricity plans in Hico
Need to find an energy plan in Hico that doesn’t require a deposit?
If you are charged a deposit on your first plan selection, ComparePower will automatically show you other plans available without a deposit.
Instead of calling around electric providers or browsing through websites to determine if different electricity companies need a deposit, this will save you a lot of time and effort.
We will review the different plans for any deposit requirements immediately so you can get your lights on and return to your day.
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:
Hico business energy plans
If you manage a company in Hico, you’re not alone.
Hico 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 manage your electricity bill, you need to shop for prices from competing providers.
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 get to choose the best 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 Hico, visit the Texas-New Mexico (TNMP) website or call them at 1-888-866-7456.
For gas service in Hico, call or visit Hico’s official city website to determine who your provider is.
In Hico, water, garbage, sewer, and recycling services are usually handled by the City of Hico.
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 Hico
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 Hico
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