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Your insider’s guide to finding the best electricity rates and energy plans in Lorena
If you’re a long-time resident, a new mover, own a business or need no-deposit power, this guide will help you discover your perfect power plan in Lorena.
Lorena Electricity Rates
You have the power to choose your home’s electric provider in Lorena.
ComparePower is a free consumer service started in 2009 to help residents of Lorena shop for their best energy plan.
These official rates are the identical prices you’ll find calling the energy providers or visiting their websites.
Offers from many different electricity providers are shown in a convenient grid that makes evaluating alternatives simple and fast.
This allows Texas consumers to avoid hidden charges and advertising gimmicks by comparing plans “apples-to-apples” without wasting hours making phone calls or clicking through dozens of different online sites.
71 Lorena 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 Lorena
Electricity in Lorena is deregulated. As a resident, you have a choice when picking a retail electricity provider (your electricity provider), which gives you flexibility and power over your energy bill.
Deregulation of electricity in the state de-monopolized the electricity market for most of the state, the city of Lorena included, which introduced lots of competition.
As a result, many fantastic retail electricity providers compete for your business in Lorena by offering low prices, making it a great time to compare, switch, and save costs on your power statement.
As many as 100+ energy companies compete for your account in Lorena, with hundreds of plans to sort through.
Average Electricity Rates in Lorena
Updated February 2024
The average residential electricity rate in Texas is 14.61 ¢/kWh, 9% less than the U.S. average.
Got me the cheapest electric. Nice.Emily (TX, United States)
How to Find the Best Energy Plan in Lorena
#1 rule: Determine what your usage is!
Determining how much energy you will use in a month is the best way to shop for power in Lorena. Why is this important?
The “price per kWh” you see power companies advertising is for an exact monthly usage (typically 1000 kWh).
Every plan has a different equation for how your monthly bill is calculated, and your monthly bill will be determined by how much electricity you consume each month.
Unless you use the advertised amount each month, you will pay a “price per kWh” different than the one you saw advertised when you ordered.
Fortunately, there’s a better way to choose your energy rate.
Calculating your expected monthly bill based on expected monthly usage, then comparing plans by the total monthly bill is the best way to shop for the best rate for your household.
Better yet, if you have a year 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 best way to determine the perfect electricity rate plan for your home.
ComparePower does all the complicated math for you instantly. What takes hours on a spreadsheet is now solved in a few seconds.
We put you in the driver’s seat, taking what would amount to hours of investigation, spreadsheets, and computations across hundreds of offers to guide you step-by-step to the electricity plan that’s best for your home’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 order your plan with your chosen electricity company without leaving our website.
The bottom line is you should know your expected or historical usage before choosing the best energy plan for your home.
If you don’t know your usage, estimate
If you cannot acquire 12 months of historical usage or own a brand new home, the next best thing is to estimate how much energy you will use in an average 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 provider 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 Lorena: Setting up Electricity
If this is your first time setting up electricity service in Lorena, 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 will be able to assess your home’s projected electricity consumption.
Sign-up for a plan instantly through ComparePower. We will remind you when it’s time to come back 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 Lorena
Switching is good. Market conditions are constantly in flux, so shopping for a lower rate every year when your contract expires is essential.
Your existing energy provider will generally raise your electricity rate once your term expires. If you do not act, you’ll be left on a month-to-month rate significantly higher than the plan you signed up for.
Before renewing your contract, shop the rates of competing electricity companies.
Switching can save you hundreds or thousands of dollars yearly on your energy bill.
Switching is easy:
- You don’t have to call your current company to cancel (no “break-up call”)
- No one comes to your home
- There is no disruption in your power supply
- It takes just minutes
When you decide to switch, your new energy company will handle everything, including terminating service with your previous company.
Your lights stay on when you switch. Electricity in Lorena 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 companies. Therefore the reliability of your service is not affected.
You can pick any date up to 14 days before your contract’s end date without an “early termination” fee. 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.
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 understanding your usage is the best way to find the best price.
You will want to gather your historical 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:
Lorena Energy Companies
Are you looking for a great electric company in Lorena?
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 Lorena
|New Power Texas
No-Deposit Electricity Plans in Lorena
Need to find an energy plan in Lorena that doesn’t require a deposit?
If your first selection of plans mandates a deposit, ComparePower will automatically show you additional plans that require no money down.
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 review the different plans for any deposit obligations instantly so you can get your power 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.
Get your lights turned on the same day with No Deposit. Enter your zip code to get started:
Lorena Business Electricity Plans
If you manage a business in Lorena, you’re in good company.
Lorena 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 providers to manage your energy bill.
ComparePower bridges the gap between your business and energy providers by inviting various energy providers to compete for your business in a sealed bid process.
You enroll your information once, and the companies will present their bids. You choose the lowest 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 Lorena, visit the Oncor website or call them at 1-800-242-9113.
For gas service in Lorena, call or visit Lorena’s official city website to determine who your provider is.
In Lorena, the City of Lorena 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 Lorena
Find cheap electricity rates by zip code. Click on your zip code below to find competitive rates in your area.
View Electricity Prices for Cities Near Lorena
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
- Spring, TX
- Richmond, TX
- Cypress, TX
- Humble, TX
- Midland, TX
- Plano, TX
- Round Rock, TX
- Pearland, TX
- Katy, TX
- Katy, TX
- Pflugerville, TX
- Mesquite, TX
- Laredo, TX
- Killeen, TX
- Carrollton, TX
- Odessa, TX
- Irving, TX
- Grand Prairie, TX
- Katy, TX
- League City, TX
- Mansfield, TX
- Missouri City, TX
- Mission, TX
- Sugar Land, TX
- Mcallen, TX
- Tomball, TX
- Temple, TX
- Baytown, TX
- Waxahachie, TX
- Lewisville, TX
- Rosharon, TX
- Katy, TX
- Hutto, TX
- Tyler, TX
- Grapevine, TX
- Magnolia, TX
- Harlingen, TX
Lorena Electricity Rates FAQs
Who has the cheapest Lorena 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 Lorena 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.