Any product or company names, marks, or logos shown on this page are the property of their respective owners. ComparePower is an unaffiliated, independent marketplace. Get unbiased, accurate information backed by our commitment to editorial integrity.
Your insider’s guide to finding the best electricity rates and energy plans in Loraine
Whether you are a business owner, new resident, or long-time citizen of Loraine, this comprehensive guide will enable you to find your best solution for an electricity plan.
Loraine Electricity Rates
As a resident or business owner within Loraine, you can choose the electricity provider that best meets your specific needs.
ComparePower is a free consumer service started in 2009 to assist residents of Loraine in shopping for their best electricity plan.
These official rates are the same prices you’ll find contacting the energy providers or visiting their websites.
Offers from several different energy providers are presented in a standardized format, making comparing your options simple and quick.
This assists Texas consumers in avoiding hidden fees and advertising gimmicks by comparing plans “apples-to-apples” without spending hours making phone calls or clicking around on dozens of websites.
67 Loraine Electric Rates
These live rates for ONCOR ELECTRIC DELIVERY COMPANY service area were updated on . Pricing shown is based on an exact usage of 1000 kWh.
Electricity Price Trends in Loraine
Energy in Loraine, Texas, is deregulated. As a resident, you have a choice when picking a retail electricity provider (your energy provider), which gives you insight and control over your energy bills.
Deregulation of electricity in the state de-monopolized the energy market for most of Texas, the city of Loraine included, which introduced competition.
As a result, many excellent energy providers compete for your business in Loraine by offering low prices, 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 Loraine, and hundreds of plans exist to sort through.
Average Electricity Rates in Loraine
Updated October 2023
The average residential electricity rate in Texas is 14.46 ¢/kWh, 8.77% less than the U.S. average.
How to Find the Best Energy Plan in Loraine
#1 rule: Usage is king!
Determining how much electricity you will use month-to-month is the best way to shop for energy in Loraine. Why should you care?
The rate you see energy providers advertising is for an exact monthly usage (usually 1000 kWh).
Every plan has a different equation for how your monthly bill is computed, and your monthly bill will change according to how much energy you consume each month.
Unless you use exactly the advertised amount each month, you will end up paying an effective “price per kWh” different than what you observed when you ordered.
Fortunately, there’s a better way to pick your power company.
Calculating your total monthly bill based on estimated monthly usage, then comparing options by total monthly cost is the best way to shop for the lowest rate for you.
Better still, if you have 12 months of usage history for your household, 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 ideal way to discover your home’s ideal energy rate plan.
ComparePower does all this math for you instantly. What could take you hours on a spreadsheet is done in moments.
We put you in the driver’s seat, taking what would amount to hours of investigation, spreadsheets, and computations across hundreds of offers and guide you step-by-step to the energy plan that’s best for your household’s consumption.
We clarify the fine print, disclosing all fees, so you’ll know precisely where your money is going and what to expect on your bill.
We then assist you in ordering your plan with your selected electricity company without leaving our website.
The takeaway here is you should know your expected or historical usage before choosing the best electricity 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.
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 energy company at a specific usage that isn’t what you’ll consume.
Use ComparePower to find 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 Loraine: Setting up Electricity
If this is your first time setting up electricity service in Loraine, 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: 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 Loraine
Switching is good. Market conditions are always in flux, so it is important to shop for a lower price each year when your contract is close to expiring.
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 that is 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 electricity 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 provider will handle everything, including canceling service with your previous company.
There is no loss of power when you switch. Electricity in Loraine 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 choose any date up to 14 days before your contract ends 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 companies 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 to break your existing contract.
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 best 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 must 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:
Loraine Energy Companies
Are you looking for a great electric company in Loraine?
You can sign up for service with great electricity providers such as TXU Energy, Reliant, Direct Energy, and more.
Click on the company of your choice to view rates, learn more, or sign up.
|Energy Companies in Loraine||Phone Number|
|New Power Texas||888-316-0697|
No-Deposit Electricity Plans in Loraine
Need to find an energy plan in Loraine that doesn’t require a deposit?
If assessed a deposit on your first plan selection, ComparePower will automatically show you other plans available without a deposit.
Instead of calling all sorts of energy companies or browsing through websites to determine if different electricity companies need a deposit, this will save you tremendous 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.
Get your lights turned on the same day with No Deposit. Enter your zip code to get started:
Loraine Business Energy Rates
If you run a company in Loraine, you’re not alone.
Loraine has become a thriving place for many small to mid-sized companies. The city is small enough to get to know people and thrive, yet close enough to large metropolitan cities that provide even more growth opportunities.
You need to shop for prices 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 once, and the providers will present their bids. You pick 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 Loraine, visit the Oncor website or call them at 1-800-242-9113.
For gas service in Loraine, call or visit Loraine’s official city website to determine who your provider is.
In Loraine, the City of Loraine usually handles water, garbage, sewer, and recycling services.
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.
- 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 Loraine
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 Loraine
Are you searching for a lower electricity rate in a different city? If so, you can find the location below and then click to sign up for a more affordable 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
Loraine Electricity Rates FAQs
Who has the cheapest Loraine 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 Loraine 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.