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Your insider’s guide to finding the best electricity rates and energy plans in May
If you’re a long-time resident, new to May, a business owner, or need no-deposit power, this insider’s guide will help you determine your ideal power plan in May.
May Electricity Rates
You have the power to choose your home’s electric company in May.
ComparePower is a free consumer service established in 2009 to help residents of May shop for their lowest-rate electricity plan.
Plan information is presented in a user-friendly format that enables quick and simple comparison of available plans and options.
Competing plans from many different energy companies are shown in a powerful layout that makes evaluating alternatives simple and quick.
This allows Texas energy customers to avoid hidden markups and advertising gimmicks by comparing ” apples-to-apples ” plans without wasting hours calling different energy companies or clicking around on hundreds of websites.
55 May Electric Rates
These live rates for AEP TEXAS NORTH COMPANY service area were updated on . Pricing shown is based on an exact usage of 1000 kWh.
Electricity Price Trends in May
Energy in May has been deregulated. As an energy customer, you can choose a retail electricity provider (your energy company), which gives you insight and control over your energy bill.
Deregulation of energy in Texas de-monopolized the energy market for most of Texas, the city of May included, which introduced massive competition.
As a result, many fantastic power companies compete for your business in May by offering low prices, making it a great time to compare, switch, and save costs on your energy statement.
As many as 100+ energy companies compete for your account in May, and hundreds of plans exist to sort through.
Average Electricity Rates in May
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 May
#1 rule: Usage is key!
Discovering how much energy you will consume in a month is the best way to find a deal on electricity in May. Why is this important?
The rate electricity companies advertise for an exact monthly usage (typically 2000 kWh).
Every plan has a different calculation for how your monthly statement is calculated, and your monthly bill will vary depending on how much electricity you use each 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 enrolled.
Thankfully, there’s a better way to select your electricity rate.
Calculating your expected monthly bill based on expected monthly usage, then comparing plans by total monthly cost is the best way to shop for the best rate for your home.
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 months and is the best way to find the right energy plan for your home.
ComparePower does all this math for you instantly. What could take you hours inside a spreadsheet is now done in a few seconds.
We put you in the driver’s seat, taking what would amount to hours of research, spreadsheets, and computations across hundreds of offers and assisting you step-by-step with the energy rate plan that’s best for your home’s consumption.
We clarify the fine print, disclosing the various charges, so you’ll know precisely where your money is going and what to anticipate on your monthly bill.
We then help you sign up with your chosen power provider without ever leaving our service.
The bottom line is you should determine your expected or historical usage before selecting the best 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 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 May: Setting up Electricity
If this is your first time setting up electricity service in May, 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 can assess your home’s projected electricity consumption.
Sign-up for a plan in minutes through ComparePower. We will remind you when it’s time to return to switch and save at the end of the plan term 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 May
Switching is good. Market conditions are always changing, so it is essential to shop for a lower price every year when your contract is about to expire.
Your existing electricity provider will typically raise your energy rate once your term expires. If you fail to act, 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 electricity 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 company will handle everything, including terminating service with your previous provider.
There is no loss of power when you switch. Electricity in May 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 pick any date up to 14 days early from your current contract’s end date without an “early termination” penalty. Texas law protects you here.
If you’re still under contract, check 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 knowing your usage is the best way to find the lowest rate.
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:
May Energy Companies
Are you looking for a great electric company in May?
You can sign up for service with great electricity providers 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 May
|New Power Texas
No-Deposit Electricity Plans in May
If you need to find an energy plan in May that requires no deposit, we can help.
If you are charged a deposit on your first plan selection, ComparePower will automatically show you other plans available without a deposit.
That saves you a lot of time and hassle. No more surfing the internet and calling energy companies to determine if a deposit will be required.
Working for you, we will instantly check 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 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:
May Business Power Plans
If you manage a business in May, many other businesses have also established themselves here.
May 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 compare rates from competing energy companies to lower your electricity costs.
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 submit your information on ComparePower, 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 May, visit the AEP North website or call them at 1-877-373-4858.
Call or visit May’s official city website to determine who your provider is for gas service in May.
In May, the City of May usually handles water, garbage, sewer, and recycling services.
Other Utility Service Areas in Texas
Not in the AEP North 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 May
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 May
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.
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
May Electricity Rates FAQs
Who has the cheapest May 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 May 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.