Olney electricity rates and energy plans
Whether a business owner, new resident, or long-time citizen of Olney, use of this comprehensive guide will enable you to find your best solution for an electricity plan.
Time to read: about 7 min
Sections in this guide:
Click on a section to navigate directly to it:
- Olney Electricity Rates Table (live 24/7 updates)
- Electricity Price Trends in Olney (average kWh price chart)
- How to find the best energy plan in Olney (know your usage!)
- Moving to Olney: Setting up Electricity (how to choose the right plan)
- Switching electricity companies in Olney (how to choose the best plan)
- Olney Energy Companies
- No-Deposit Electricity Plans in Olney
- Olney Business Electricity Plans
- Olney Utilities (and how to report a power outage)
Olney Electricity Rates Table
As a resident or business owner within Olney, you have the power to choose the electricity provider that best meets your specific needs.
ComparePower is a free consumer service started in 2009 to help residents of Olney searching 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.
Offers from a number of different energy providers are shown in a powerful layout that makes evaluating alternatives simple and fast.
This helps Texas consumers avoid hidden charges and marketing gimmicks by comparing plans “apples-to-apples” without consuming hours of time calling different energy providers or clicking around on hundreds of different websites.
68 Olney Electric Rates
These live rates for Texas New Mexico Power (TNMP) service area were updated on . Pricing shown is based on an exact usage of 1000 kWh.
Electricity Price Trends in Olney
Energy in Olney, Texas, is deregulated. As a consumer of energy, you have a choice when it comes to selecting a retail electricity provider (your electricity company), which gives you insight and control over your energy bill.
Deregulation of electricity in the state de-monopolized the energy market for the majority of the state, the city of Olney included, which introduced lots of competition.
As a result, many excellent energy providers compete for your business in Olney by offering low-prices, making it a great time to shop, switch, and save money on your energy bill.
As many as 60-100 energy companies compete for your account in Olney and there are hundreds of plans to sort through.
Average Electricity Rates in Olney, Texas
This chart is compiled using data from the U.S. Energy Information Administration (EIA.GOV).
The average price for electricity in Texas in 2017 was 11.4 cents per kilowatt-hour (kWh).
There are fixed-rate plans for Olney residents on ComparePower with rates as low as $0.08
How to find the best energy plan in Olney
#1 rule: Usage is key!
Determining the amount of energy you will consume month-to-month is the best way to find a deal on power in Olney. Why is this so vital?
The rate you see power providers advertising is for an exact monthly usage (usually 1000 kWh).
Every plan uses a different calculation for how your monthly bill is determined, and your monthly bill will vary depending on how much power you use in a month.
Unless you use exactly the advertised amount each month, you will end up paying an effective “price per kWh” different than the one you saw advertised when you signed up.
Thankfully, there’s a better way to shop for energy rate.
Calculating your expected monthly bill based on expected monthly usage, then comparing rates by total monthly cost, is the best way to shop for the lowest rate for your home.
Better yet, if you have 12 months of usage history for your household, you can compare plans by total annual cost. This annualized method takes into account the changes in usage between summer and winter months and is the ideal way to find the perfect electricity rate plan for your home.
ComparePower does all the complicated math for you instantly. What takes hours inside a spreadsheet is now done in a few moments.
We put you in the driver’s seat, taking what would amount to hours of investigation, spreadsheets, and computations across hundreds of plans and assist you step-by-step to the electricity plan that’s best for your home’s consumption.
We clarify the details, disclosing the various charges and fees, so you’ll know exactly where your money is going and what to expect on your monthly bill.
We then assist you in enrolling with your chosen power provider without ever having to leave our website.
The take away here is you must determine your expected or historical usage before choosing the best electricity plan for your home.
If you don’t know your usage, estimate
If you recently purchased a home or business, or you cannot obtain 12-months of usage history, you can always estimate the average amount of energy that you will use 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.
Moving to Olney: Setting up Electricity
If this is your first time setting up electricity service in Olney, to get the best rate you need to get the previous 12-months of energy usage for your new home.
Ask the previous home-owner 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: If you can’t obtain usage history, you can estimate your monthly usage instead. Utilize our “Help Me Choose” tool when you enter your zip code below and we’ll help you evaluate your home’s usage.
Sign-up for a plan instantly through ComparePower. We will remind you when its time to return to switch and save at the end of the plan term you decide on.
Switching electricity companies in Olney
Switching is good. Market conditions are always changing, so it is important to shop for a lower price each year when your contract is close to expiring.
Your existing electricity provider will normally raise your energy 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.
Before renewing your contract make sure to check the rates of competing energy providers.
Switching can save you hundreds or thousands of dollars each year on your electricity bill.
Switching is easy:
- You don’t have to contact your current company 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 make the switch, your new electricity company will handle everything for you including canceling service with your previous company.
Your lights stay on when you switch. Electricity in Olney 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 pick any date within 14 days of your contract expiration date without an “early cancellation” penalty. 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 companies up to 6o days in advance.
And even if you’re well inside your contract, savings achieved on your monthly bill by switching companies may outweigh the fee to break your existing contract.
If you are unsure email us your latest energy bill and one of our team members will get back to you promptly with your best options.
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 truly 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 will need to collect the usage history for the past 12 months.
Olney Energy Companies
Are you trying to find an excellent electricity company in Olney?
You can enroll for service with great companies such as TXU Energy, Reliant, Direct Energy and more.
Click on the company of your choice to view prices, learn more, or sign up.
| Energy Companies in Olney | Phone Number |
|---|---|
| 4Change Energy | 855-550-6663 |
| Champion Energy | 877-653-5090 |
| Direct Energy | 855-307-6915 |
| First Choice Power | 888-458-6877 |
| Green Mountain | 844-854-2257 |
| Reliant | 855-887-2194 |
| Frontier Utilities | 866-763-5084 |
| Cirro Energy | 844-417-7179 |
| Constellation | 855-798-2889 |
| Gexa Energy | 855-639-8210 |
| TXU Energy | 866-603-1533 |
| Payless Power | 855-854-8482 |
| Pulse Power | 855-652-1045 |
No-Deposit Electricity Plans in Olney
Need to find an energy plan in Olney 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.
That saves you a lot of time and hassle. No more surfing the internet and calling electricity companies to find out if a deposit is going to be required.
We will check the different plans for any deposit obligations immediately so you can get your power on and get return to your day.
Deposit Waivers
You may be eligible to have the deposit waived if you meet one of the following criteria.
A residential customer or applicant may be deemed as having established satisfactory credit if:
- The customer has been a customer of any REP or an electric utility within the two years prior to the request for electric service; is not delinquent in payment of any such electric service account, and during the last 12 consecutive months of service was not late in paying a bill more than once.
- The customer or applicant possesses a satisfactory credit rating obtained through a consumer reporting agency, as defined by the Federal Trade Commission.
- The customer or applicant is 65 years of age or older and the customer is not currently delinquent in payment of any electric service account.
- The customer or applicant has been determined to be a victim of family violence.
- The customer is medically indigent.
The requirements above are directly from the Texas Public Utility Commission §25.478 – Credit Requirements and Deposits.
Note: For any of the situations above, you must first complete your order an energy plan on ComparePower before you can obtain a waiver for your deposit.
After you’ve placed your order, you will receive an email with instructions as well as contact information for your new energy company.
Important: You must send your waiver information by email, phone, fax or mail to your new energy company (not to ComparePower).
As soon as your energy company receives your documentation, they will let you know that they’ve sent a request for your energy service to begin.
Remember, your energy company will not start your electric service until you satisfy any deposit requirement (you pay or receive a waiver).
If you have any questions on deposit waivers, you can contact us. One of our team members will get back to you as soon as possible.
Olney Business Power Plans
If you manage a company in Olney, you’re in great company.
Olney has become a thriving place for many small to midsized companies. The city is small enough to get to know people and thrive, yet close enough to large metropolitan cities that provide even more opportunity for growth.
To manage your electricity costs, you need to shop rates from competing energy companies.
ComparePower bridges the gap between your business and energy providers by inviting various energy companies to compete for your business in a sealed bid process.
You enroll your information on ComparePower and the companies will present their bids. You to pick the best price. Simple, quick, and easy.
Click here to get competing quotes for your business electricity.
Olney Utilities
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 Olney, visit the Texas New Mexico (TNMP) website or call them at 1-888-866-7456.
Gas
For gas service in Olney, call or visit Olney official city website to determine who your provider is.
Waster/Sewer/Garbage/Recycling
In Olney, water, garbage, sewer, and recycling services are usually handled by the City of Olney.
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.
View electricity prices for Zip Codes in Olney, Texas
Find cheap electricity rates by zip code. Click on your zip code below to find competitive rates in your area.
Popular ZIP codes:
76374
View electricity prices for cities near Olney, Texas
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.
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