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Your insider’s guide to finding the best electricity rates and energy plans in Lone Oak
Whether you are a business owner, new resident, or long-time citizen of Lone Oak, this comprehensive guide will enable you to find your best solution for an electricity plan.
Lone Oak Electricity Rates
You can choose your home’s energy provider in Lone Oak.
ComparePower is a free consumer service started in 2009 to help residents of Lone Oak shop 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 to avoid hidden markups and marketing gimmicks by comparing ” apples-to-apples ” plans without throwing away hours and hours making phone calls or clicking through hundreds of online sites.
63 Lone Oak 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 Lone Oak
Electricity in Lone Oak is deregulated. As a resident, you have a choice when 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 most 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 hundreds of plans exist to select from.
Average Electricity Rates in Lone Oak
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 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 advertised usage each month, you will pay a “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 considers the changes in usage between the summer and winter months and is the 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 to assist you step-by-step with the electricity rate plan that’s best for your household’s consumption.
We clarify the details, disclosing the various charges, so you’ll know exactly where your money is going and what to anticipate on your bill.
We then help you sign up with your selected power provider without leaving our website.
The takeaway 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
Suppose you recently purchased a home or business or cannot obtain 12 months of usage history. In that case, you can always estimate your average energy 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 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: You can estimate your monthly usage if you can’t obtain a usage history. 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 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 constantly in flux, so shopping for a lower rate each year when your contract expires is essential.
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 for.
Before renewing your contract, check the rates of competing energy 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 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 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 before your 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.
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 lowest 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, and Direct Energy.
Click on the provider of your choice to view prices, learn more, or sign up.
|Energy Companies in Lone Oak||Phone Number|
|New Power Texas||888-316-0697|
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 many electric companies or browsing websites to determine if different electricity companies need a deposit, this will save you much 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.
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.
Get your lights turned on the same day with No Deposit. Enter your zip code to get started:
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 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.
You must shop for rates from competing energy companies to lower your electricity costs.
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 choose the lowest 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’s official city website to determine who your provider is.
In Lone Oak, the City of Lone Oak 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.
- Texas-New Mexico Power (TNMP)
- AEP Texas North
- AEP Texas Central
- Sharyland Utilities
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
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
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.
- 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
Lone Oak Electricity Rates FAQs
Who has the cheapest Lone Oak Electricity Rates?
There are over 60 electricity providers with hundreds of energy plans. When shopping for the cheapest rate, take your home’s kilowatt-hour usage into account. The best way to find the best rate for your home is to compare energy plans according to your usage. Find the right energy plan for your kWh usage with ComparePower.
How do I find the best Lone Oak Electricity Rates?
Picking the wrong energy plan without knowing your home’s energy usage can cost you hundreds or thousands of dollars. Compare energy plans and electricity rates with your home’s electricity usage profile to find your best rate. Shop with your usage on ComparePower and save both time and money.
Support You Can Count On
Questions? Our local experts can help you navigate options and find the best electricity plan. Reach out to us.