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Your insider’s guide to finding the best electricity rates and energy plans in Morgan
Whether you are a business owner, new resident, or long-time citizen of Morgan, this comprehensive guide will enable you to find your best solution for an electricity plan.
Morgan Electricity Rates
As a resident or business owner within Morgan, 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 Morgan shopping for their best electricity plan.
Plan information is presented in a user-friendly format that enables quick and simple comparison of available plans and options.
Competing offers from many different energy providers are outlined in a convenient layout that makes comparing your options simple and quick.
This helps Texas energy customers avoid hidden fees and marketing gimmicks by comparing plans “apples-to-apples” without spending hours calling different energy providers or navigating dozens of websites.
59 Morgan 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 Morgan
Electricity in Morgan is deregulated. As an energy customer, you have a choice when picking a retail electricity provider (your energy provider), which gives you control and power over your energy bills.
Deregulation of energy in Texas de-monopolized the electricity market for most of Texas, the city of Morgan included, which introduced massive competition.
As a result, many fantastic power companies compete for your business in Morgan by offering low rates, making it a great time to compare, switch, and save costs on your energy statement.
As many as 60-100 providers compete for your account in Morgan, with hundreds of plans.
Average Electricity Rates in Morgan
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 Morgan
#1 rule: Determine what your usage is!
Discovering how much energy you will consume month-to-month is the ideal way to find a deal on electricity in Morgan. Why does this matter?
The “price per kWh” you see electricity companies advertising is for an exact monthly usage (typically 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 use in the month.
Unless you use precisely the advertised amount each month, you will end up paying a “price per kWh” different than the one you saw advertised when you signed up.
Thankfully, there’s a better way to select your electricity plan.
Calculating your expected monthly bill based on anticipated monthly usage, then comparing rates with the total monthly bill is the best way to shop for the best rate for you.
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 absolute best way to determine the perfect energy rate plan for your home.
ComparePower does all this math for you in an instant. What could take hours inside a spreadsheet is solved 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 navigating you step-by-step to the energy rate plan that’s best for your household’s usage.
We clarify the details, disclosing all fees, so you’ll know precisely where your money is going and what to expect on your monthly bill.
We then help you order your plan with your selected energy company without ever leaving our service.
The takeaway here is you must understand your expected or historical usage before choosing 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.
While not as optimal as having all the previous 12 months of usage, estimating your average usage is better than blindly choosing the first plan you see advertised by an electricity provider at a specific usage that isn’t what you’ll consume.
Use ComparePower to shop for 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 Morgan: Setting up Electricity
If this is your first time setting up electricity service in Morgan, 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.
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 Morgan
Switching is good. Market conditions are constantly changing, so it is essential to shop for a lower price each year when your contract is about to expire.
Your existing energy company will normally raise your energy rate once your contract expires. If you fail to take action, 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 canceling service with your previous provider.
Your lights stay on when you switch. Electricity in Morgan 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 within 14 days of your contract expiration without an “early cancellation” fee. 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 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 understanding your usage is the best way to find the lowest 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:
Morgan Energy Companies
Are you looking for a great electric company in Morgan?
You can sign up for service with great electricity providers such as TXU Energy, Reliant, and Direct Energy.
To sign up, learn more, or view current rates, click on your chosen company.
|Energy Companies in Morgan
|New Power Texas
No-Deposit Electricity Plans in Morgan
Need to find an energy plan in Morgan 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.
That saves you a lot of time and hassle. No more clicking around and calling electricity providers to determine if a deposit is needed.
We will review the different plans for any deposit requirements immediately 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:
Morgan Business Electricity Plans
If you own a company in Morgan, you’re not alone.
Morgan 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 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 Morgan, visit the Texas-New Mexico (TNMP) website or call them at 1-888-866-7456.
Call or visit Morgan’s official city website for gas service in Morgan to determine who your provider is.
In Morgan, the City of Morgan 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 Morgan
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 Morgan
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
Morgan Electricity Rates FAQs
Who has the cheapest Morgan 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 Morgan 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.