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Your insider’s guide to finding the best electricity rates and energy plans in Penelope
Whether you are a business owner, new resident, or long-time citizen of Penelope, this comprehensive guide will enable you to find your best solution for an electricity plan.
Penelope Electricity Rates
You have the power to choose your household’s electric provider in Penelope.
ComparePower is a free consumer service established in 2009 to assist residents of Penelope in shopping for their lowest-rate energy plan.
These official rates are the identical rates you’ll find calling the electricity providers or visiting their websites.
Competing offers from many different electricity providers are outlined in a simple layout that makes comparing your options simple and fast.
This helps Texas consumers avoid hidden fees and marketing gimmicks by comparing ” apples-to-apples ” plans without throwing away hours and hours making phone calls or clicking around on dozens of websites.
55 Penelope 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 Penelope
Electricity in Penelope is deregulated. As an energy consumer, you can choose a retail electricity provider (your energy provider), which gives you insight and command over your energy bills.
Deregulation of electricity in the state de-monopolized the electricity market for most of Texas, the city of Penelope included, which introduced competition.
As a result, many excellent power providers compete for your business in Penelope by offering low prices, making it a great time to shop, switch, and lower costs on your energy bill.
As many as 60-100 providers compete for your account in Penelope, with hundreds of plans to sort through.
Average Electricity Rates in Penelope
Updated May 2023
The average residential electricity rate in Texas is 14.63 ¢/kWh, 8.34% less than the U.S. average.
Got me the cheapest electric. Nice.Emily (TX, United States)
How to Find the Best Energy Plan in Penelope
#1 rule: Determine what your usage is!
Discovering how much energy you will use month-to-month is the ideal way to shop for energy in Penelope. Why does this matter?
The rate you see power providers advertising is for an exact monthly usage (usually 2000 kWh).
Every plan has a different equation for how your monthly statement is determined, and your monthly bill will be determined by how much power you use each 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 enrolled.
Fortunately, there’s a better way to choose your energy rate.
Calculating your expected monthly bill based on expected monthly usage, then comparing options by the total monthly bill is the best way to shop for the best rate for your home.
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 summer and winter months and is the absolute best way to discover your home’s ideal electricity rate plan.
ComparePower does all this math for you in an instant. What takes hours inside a spreadsheet is now done in just seconds.
We put you in the driver’s seat, taking what would amount to hours of research, spreadsheets, and computations across hundreds of plans and guide you step-by-step to the electricity plan that’s best for your home’s consumption.
We clarify the fine print, disclosing the various charges, so you’ll know exactly where your money is going and what to anticipate on your monthly bill.
We then help you enroll with your chosen energy provider without ever leaving our website.
The takeaway here is you should understand your expected or historical usage before ordering the best electricity 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.
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 electricity plan for your specific usage.
Ready to find the best plan for your household? Enter your zip code to get started:
Moving to Penelope: Setting up Electricity
If this is your first time setting up electricity service in Penelope, 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 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 Penelope
Switching is good. Market conditions are constantly changing, so it is essential to shop for a lower rate every year when your contract is close to expiring.
Your existing energy company will typically raise your electricity rate once your contract 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, shop the rates of competing energy providers.
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 electricity supply
- It takes just minutes
When you decide to switch, your new energy provider will take care of everything for you, including canceling service with your previous provider.
Your lights stay on when you switch. Electricity in Penelope 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 providers. Therefore the reliability of your service is not affected.
You can choose any date up to 14 days before your contract’s end date without an “early termination” fee. That’s Texas Law.
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 knowing your usage is the best way to find the cheapest 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:
Penelope Energy Companies
Are you looking for a great electric company in Penelope?
You can sign up for service with great electricity providers such as TXU Energy, Reliant, Direct Energy, and more.
Click on your chosen company to sign up, learn more, or view current rates.
|Energy Companies in Penelope||Phone Number|
|New Power Texas||888-316-0697|
No-Deposit Electricity Plans in Penelope
Need to find an energy plan in Penelope that doesn’t require a deposit?
If you are charged a deposit on your first plan selection, ComparePower will automatically show you other plans available without a deposit.
Instead of calling a bunch of electric companies or browsing through websites to determine if different electricity companies require a deposit, this will save you a lot of time and effort.
We will instantly check the different plans for any deposit obligations 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:
Penelope Business Energy Rates
If you own a business in Penelope, you’re not alone.
Penelope 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 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 Penelope, visit the Oncor website or call them at 1-800-242-9113.
For gas service in Penelope, call or visit Penelope’s official city website to determine who your provider is.
In Penelope, the City of Penelope 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 Penelope
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 Penelope
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
- 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
Penelope Electricity Rates FAQs
Who has the cheapest Penelope 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 Penelope 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.