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Your insider’s guide to finding the best electricity rates and energy plans in Olney
Whether you are a business owner, new resident, or long-time citizen of Olney, this comprehensive guide will enable you to find your best solution for an electricity plan.
Olney Electricity Rates
As a resident or business owner within Olney, you can choose the electricity provider that best meets your specific needs.
ComparePower is a free consumer service started in 2009 to help residents of Olney search 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 many different energy providers are shown in a powerful layout that simplifies evaluating alternatives.
This helps Texas consumers avoid hidden charges and marketing gimmicks by comparing plans “apples-to-apples” without spending hours calling different energy providers or clicking around on hundreds of websites.
54 Olney 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 Olney
Energy in Olney is deregulated. As an energy consumer, you have a choice when 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 most of the state, including Olney, 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, with hundreds of plans to sort through.
Average Electricity Rates in Olney
Updated June 2023
The average residential electricity rate in Texas is 14.46 ¢/kWh, 8.78% less than the U.S. average.
Got me the cheapest electric. Nice.Emily (TX, United States)
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 rates.
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 considers the changes in usage between the 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 to assist you step-by-step with 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 expect on your monthly bill.
We then assist you in enrolling with your chosen power provider without ever having to leave our website.
The takeaway 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
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 monthly energy usage.
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.
Ready to find the best plan for your household? Enter your zip code to get started:
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 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.
Sign-up for a plan instantly 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 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 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 energy 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 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 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’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 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:
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|
|New Power Texas||888-316-0697|
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 determine if a deposit will be required.
We will immediately check the different plans for deposit obligations, so you can get your power 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:
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 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 must shop for rates from competing energy companies to manage your electricity costs.
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 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 Olney, visit the Texas-New Mexico (TNMP) website or call them at 1-888-866-7456.
For gas service in Olney, call or visit Olney’s official city website to determine who your provider is.
In Olney, the City of Olney 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 Olney
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 Olney
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
- 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
Olney Electricity Rates FAQs
Who has the cheapest Olney 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 Olney 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.