Lone Oak electricity rates and energy plans
Whether a business owner, new resident, or long-time citizen of Lone Oak, use of this comprehensive guide will enable you to find your best solution for an electricity plan.
Time to read: about 7 min
Sections in this guide:
Pick a section below to jump directly to it:
- Lone Oak Electricity Rates Table (live 24/7 updates)
- Electricity Price Trends in Lone Oak (average kWh price chart)
- How to find the best energy plan in Lone Oak (know your usage!)
- Moving to Lone Oak: Setting up Electricity (how to choose the right plan)
- Switching electricity companies in Lone Oak (how to choose the best plan)
- Lone Oak Energy Companies
- No-Deposit Electricity Plans in Lone Oak
- Lone Oak Business Electricity Plans
- Lone Oak Utilities (and how to report a power outage)
Lone Oak Electricity Rates Table
You have the power to choose your home’s energy provider in Lone Oak, Texas.
ComparePower is a free consumer service started in 2009 to help residents of Lone Oak shopping for their lowest rate energy plan.
These official rates are the same rates you’ll find contacting the energy providers or visiting their websites.
Offers from several different electricity providers are outlined in a convenient layout that makes comparing your options simple and quick.
This allows Texas energy customers avoid hidden markups and marketing gimmicks by comparing plans “apples-to-apples” without throwing away hours and hours making phone calls or clicking through hundreds of different online sites.
70 Lone Oak Electric Rates
These live rates for Texas New Mexico Power (TNMP) service area were updated on . Pricing shown is based on an exact usage of 1000 kWh.
Electricity Price Trends in Lone Oak
Electricity in Lone Oak, Texas, is deregulated. As a resident, you have a choice when it comes to picking a retail electricity provider (your energy company), which gives you insight and control over your energy bill.
Deregulation of electricity in the state de-monopolized the energy market for the majority of Texas, the city of Lone Oak included, which introduced massive competition.
As a result, many excellent energy providers compete for your business in Lone Oak by offering low-rates, making it a great time to compare, switch, and save money on your power statement.
As many as 100+ retail electricity providers compete for your business in Lone Oak and there are hundreds of plans to select from.
Average Electricity Rates in Lone Oak, 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 Lone Oak residents on ComparePower with rates as low as $0.10
How to find the best energy plan in Lone Oak
#1 rule: Know Your Usage!
Determining the amount of energy you will consume monthly is the ideal way to find a deal on energy in Lone Oak. Why should you care?
The “price per kWh” you see power providers advertising is for an exact monthly usage (typically 2000 kWh).
Every plan uses a different equation for how your monthly bill is determined, and your monthly bill will be determined by how much electricity you use in the month.
Unless you match the exact advertised usage each month, you will end up paying an effective “price per kWh” different than what you observed when you signed up.
Thankfully, there’s a better way to select your electricity company.
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 your home.
Better yet, if you have 12 months of usage history for your home, 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 absolute best way to find the ideal energy plan for your home.
ComparePower does all this math for you in an instant. 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 offers and assist you step-by-step to the electricity rate plan that’s best for your household’s consumption.
We clarify the details, disclosing the various charges and fees, so you’ll know exactly where your money is going and what to anticipate on your bill.
We then help you in signing-up with your selected power provider without leaving our website.
The take away here is you should determine your expected or historical usage before picking 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.
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 Lone Oak: Setting up Electricity
If this is your first time setting up electricity service in Lone Oak, 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 can’t obtain 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.
By signing up for a plan through ComparePower you will receive automated reminders when it’s time to renew your existing plan or to possibly switch 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 Lone Oak
Switching is good. Market conditions are always in flux, so it is essential to shop for a lower rate each year when your contract is about to expire.
Your existing electricity provider will typically raise your energy 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 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 make the switch, your new energy provider will handle everything for you including canceling service with your previous company.
Your lights stay on when you switch. Electricity in Lone Oak 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 electricity companies. Therefore the reliability of your service is not affected.
You can choose any date up to 14 days early of your current contract’s end date without an “early termination” 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 companies 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.
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 knowing your usage is the best way to find the truly cheapest price.
You will want to find your past usage for the last 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:
Lone Oak Energy Companies
Looking for a great electric company in Lone Oak?
You can sign up for service with great companies such as TXU Energy, Reliant, Direct Energy and more.
Click on the provider of your choice to view prices, learn more, or sign up.
|Energy Companies in Lone Oak||Phone Number|
No-Deposit Electricity Plans in Lone Oak
If you need to find an energy plan in Lone Oak that requires no deposit, we can help.
If your first choice of plans mandates a deposit, ComparePower will automatically show you additional plans that require no money down.
Instead of calling a lot of electric companies or browsing through websites to determine if different electricity companies need a deposit, this will save you a ton of time and effort.
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.
Get your lights turned on the same day with No Deposit. Enter your zip code to get started:
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.
Lone Oak Business Power Rates
If you manage a company in Lone Oak, you’re in good company.
Lone Oak has become a thriving place for many small to midsized companies. The town is small enough to get to know people and thrive, yet close enough to large metropolitan cities that provide even more opportunity for growth.
To lower your electricity costs, you need to shop rates from competing energy companies.
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 on ComparePower and the providers will present their bids. You to choose the cheapest price. Simple, quick, and easy.
Click here to get competing quotes for your business electricity.
Lone Oak Utilities
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 Lone Oak, visit the Texas New Mexico (TNMP) website or call them at 1-888-866-7456.
For gas service in Lone Oak, call or visit Lone Oak official city website to determine who your provider is.
In Lone Oak, water, garbage, sewer, and recycling services are usually handled by the City of Lone Oak.
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 Lone Oak, Texas
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 Lone Oak, 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.
Don’t see your city on the list? Use the zip code finder to search for your new low rate in your city.
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Don’t see your city or zip code? Enter your zip code below to search for your new low rate:
Don’t see your city or zip code? Enter your zip code below to search for your new low rate: