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Your Insider’s Guide to Finding the Best Electricity Rates and Energy Plans in Princeton
Whether you are a business owner, new resident, or long-time citizen of Princeton, this comprehensive guide will enable you to find your best solution for an electricity plan.
Princeton Electricity Rates
As a resident or business owner within Princeton, you can choose the electricity provider that best meets your needs.
ComparePower is a free consumer service established in 2009 to assist residents of Princeton in shopping for their best energy plan.
These official rates are the identical rates you’ll find calling the energy companies or visiting them online.
Plans from several different energy providers are shown in a convenient format, making evaluating alternatives simple and fast.
This allows Texas energy customers to avoid hidden charges and marketing gimmicks by comparing plans “apples-to-apples” without wasting hours making phone calls or clicking through dozens of websites.
63 Princeton 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 Princeton
Electricity in Princeton is deregulated. As an energy customer, you can choose a retail electricity provider, which gives you insight and command over your energy bill.
Deregulation of energy in Texas de-monopolized the electricity market for most of the state, the city of Princeton included, which introduced lots of competition.
As a result, many fantastic energy companies compete for your business in Princeton by offering low prices, making it a great time to compare, switch, and lower costs on your electricity bill.
As many as 60-100 energy companies compete for your business in Princeton, with hundreds of plans to sort through.
Average Electricity Rates in Princeton
Updated October 2023
The average residential electricity rate in Texas is 14.01 ¢/kWh, 13.70% less than the U.S. average.
Got me the cheapest electric. Nice.Emily (TX, United States)
How to Find the Best Energy Plan in Princeton
#1 rule: Determine what your usage is!
Discovering the amount of electricity you will consume monthly is the best way to find a deal on electricity in Princeton. Why is this so vital?
The “price per kWh” you see electricity providers advertising is for an exact monthly usage (usually 2000 kWh).
Every plan uses a different equation for how your monthly statement is calculated, and your monthly bill will vary depending on how much power you consume in a month.
Unless you match the exact advertised usage each month, you will pay a “price per kWh” different than the one you saw advertised when you enrolled.
Fortunately, there’s a better way to choose your energy provider.
Calculating your expected monthly bill based on anticipated 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 best way to determine the right energy plan for your home.
ComparePower does all this math for you instantly. What takes hours on 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 calculations across hundreds of offers and navigating you step-by-step to the electricity plan that’s best for your household’s usage.
We clarify the fine print, disclosing the various charges, so you’ll know exactly where your money is going and what to expect on your bill.
We then assist you in signing up with your selected energy company without leaving our service.
The bottom line is you must understand your expected or historical usage before selecting 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 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 picking the first plan you see advertised by an electricity provider at a specific usage that isn’t what you’ll consume.
Use ComparePower to find 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 Princeton: Setting up Electricity
If this is your first time setting up electricity service in Princeton, 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 Princeton
Switching is good. Market conditions are constantly in flux, so it is important to shop for a lower rate every year when your contract is about to expire.
Your existing energy company will normally raise your electricity rate once your contract expires. If you do not take action, you’ll be left on a month-to-month rate that is significantly more 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 call your current provider to cancel (no “break-up call”)
- No one comes to your home
- There is no disruption in your power supply
- It takes just minutes
When you decide to switch, your new electricity company will take care of everything for you, including terminating service with your previous company.
Your lights stay on when you switch. Electricity in Princeton 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 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, find out how many months remain on your contract. You can set a future start date with most providers 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 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:
Princeton Energy Companies
Are you trying to find an excellent electricity company in Princeton?
You can sign up for service with great companies such as TXU Energy, Reliant, and Direct Energy.
Click on the company of your choice to view prices, learn more, or sign up.
|Energy Companies in Princeton||Phone Number|
|New Power Texas||888-316-0697|
No-Deposit Electricity Plans in Princeton
Need to find an energy plan in Princeton that doesn’t require a deposit?
If your first choice of plans charges 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 energy companies to determine if a deposit is needed.
Working for you, we will instantly check any deposit requirements 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:
Princeton Business Power Plans
If you run a company in Princeton, many other businesses have also established themselves here.
Princeton 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.
Shop for prices from competing providers to manage your energy 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 once, and the companies will present their bids. You choose the cheapest rate. 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 Princeton, visit the Texas-New Mexico (TNMP) website or call them at 1-888-866-7456.
Call or visit Princeton’s official city website for gas service in Princeton to determine who your provider is.
In Princeton, the City of Princeton 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 Princeton
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 Princeton
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.
If your city is not on the list, use the zip code finder for a rate lower than what you currently pay 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
Princeton Electricity Rates FAQs
Who has the cheapest Princeton 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 Princeton 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.