Rainbow electricity rates and energy plans
Whether a business owner, new resident, or long-time citizen of Rainbow, 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:
- Rainbow Electricity Rates Table (live 24/7 updates)
- Electricity Price Trends in Rainbow (average kWh price chart)
- How to find the best energy plan in Rainbow (know your usage!)
- Moving to Rainbow: Setting up Electricity (how to choose the right plan)
- Switching electricity companies in Rainbow (how to choose the best plan)
- Rainbow Energy Companies
- No-Deposit Electricity Plans in Rainbow
- Rainbow Business Electricity Plans
- Rainbow Utilities (and how to report a power outage)
Rainbow Electricity Rates Table
As a resident or business owner within Rainbow, you have the power to choose the electricity provider that best meets your specific needs.
ComparePower is a free consumer service established in 2009 to assist residents of Rainbow searching for their best energy plan.
Plan information is presented in a user-friendly format that enables quick and simple comparison of available plans and options.
Competing offer from several different electricity companies are displayed in a convenient format that makes comparing your options simple and fast.
This assures Texas consumers avoid hidden charges and marketing gimmicks by comparing plans “apples-to-apples” without throwing away hours of time calling different energy companies or clicking through dozens of different websites.
74 Rainbow 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 Rainbow
Electricity in Rainbow, Texas, has been 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 control and power over your energy bill.
Deregulation of electricity in Texas de-monopolized the energy market for the majority of Texas, the city of Rainbow included, which introduced lots of competition.
As a result, many excellent power providers compete for your business in Rainbow by offering low-prices, making it a great time to shop, switch, and lower costs on your power statement.
As many as 60-100 providers compete for your business in Rainbow and there are hundreds of plans to select from.
Average Electricity Rates in Rainbow, 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 Rainbow residents on ComparePower with rates as low as $0.10
How to find the best energy plan in Rainbow
#1 rule: Usage is king!
Knowing how much energy you will use each month is the best way to shop for power in Rainbow. Why does this matter?
The “price per kWh” you see energy providers advertising is for an exact monthly usage (usually 1000 kWh).
Every plan has a different calculation for how your monthly statement is computed, and your monthly bill will be determined by how much power you use in the month.
Unless you use exactly the advertised amount each month, you will end up paying an effective “price per kWh” different than what you observed when you signed up.
Fortunately, there’s a better way to pick your energy company.
Calculating your total monthly bill based on estimated monthly usage, then comparing plans by total monthly cost, is the best way to shop for the best rate for you.
Even better, if you have an entire year of usage history for your home, 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 right electricity plan for your home.
ComparePower does all the complicated math for you in an instant. What takes hours on a spreadsheet is now solved in a few seconds.
We put the power in your hands, taking what would amount to hours of investigation, spreadsheets, and calculations across hundreds of plans and guide you step-by-step to the energy rate plan that’s best for your home’s consumption.
We clarify the fine print, disclosing the various charges and fees, so you’ll know precisely where your money is going and what to expect on your monthly bill.
We then help you in enrolling with your selected electricity provider without leaving our website.
The take away here is you must understand your expected or historical usage before ordering the best energy plan for your home.
If you don’t know your usage, estimate
If you are unable to acquire 12-months of historical usage, or you’re the owner of 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 Rainbow: Setting up Electricity
If this is your first time setting up electricity service in Rainbow, 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 are unable to obtain historical usage information, a second option would be to estimate your future usage via utilizing our “Help Me Choose” tool. By simply entering your zip code the tool will be able to assess your home’s projected electricity consumption.
Sign-up for a plan in minutes through ComparePower. We will remind you when its time to come back 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 Rainbow
Switching is good. Market conditions are always in flux, so it is important to shop for a lower price each year when your contract is close to expiring.
Your existing energy provider will typically raise your electricity rate once your term expires. If you fail to take action, you’ll be left on a month-to-month rate that is significantly higher than the plan you signed up.
Before renewing your contract make sure to check the rates of competing energy companies.
Switching can save you hundreds or thousands of dollars each year on your electricity 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 make the switch, your new energy company will take care of everything for you including canceling service with your previous provider.
There is no loss of power when you switch. Electricity in Rainbow is all delivered by the Oncor Transmission and Distribution Utility.
The wires and poles that deliver electricity 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 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 companies may outweigh the fee to break your existing contract.
For help with this, you can send us your latest energy bill via email, and one of our professional team members will contact you shortly to discuss your best options.
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 truly lowest rate.
You will want to find your past usage for the past 12 months to determine the best plan with the lowest rate for your household.
Ready to find the best plan for your household's usage? Enter your zip code to get started:
Rainbow Energy Companies
Are you trying to find an excellent electricity company in Rainbow?
You can enroll for service with great companies such as TXU Energy, Reliant, Direct Energy and more.
To sign up, learn more, or view current rates, click on the company of your choosing.
|Energy Companies in Rainbow||Phone Number|
No-Deposit Electricity Plans in Rainbow
If you need to find an energy plan in Rainbow that requires no deposit, we can help.
If your first selection of plans charges a deposit, ComparePower will automatically show you additional plans that require no money down.
Instead of calling around electric providers or browsing through websites to determine if different electricity companies require a deposit, this will save you a tremendous amount of time and effort.
Working for you, we will instantly review any deposit obligations for other plans, allowing you to get power and return to your regular activities stress-free.
Get your lights turned on the same day with No Deposit. Enter your zip code to get started:
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.
Rainbow Business Power Plans
If you manage a company in Rainbow, you’ll discover several other organizations also have established themselves here.
Rainbow is home to a significant number of small and large businesses and is a great town to run a company.
To manage your electricity costs, you need to shop rates from competing energy companies.
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 to pick 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 Rainbow, visit the Texas New Mexico (TNMP) website or call them at 1-888-866-7456.
For gas service in Rainbow, call or visit Rainbow official city website to determine who your provider is.
In Rainbow, water, garbage, sewer, and recycling services are usually handled by the City of Rainbow.
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.
Don’t know your TDU? Use our zip code finder to search for your new low rate:
View electricity prices for Zip Codes in Rainbow, Texas
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 Rainbow, Texas
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.
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
- Mission, TX
- Fort Worth, TX
- Dallas, TX
- Midland, TX
- Mcallen, TX
- Pearland, TX
- Corpus Christi, TX
- Big Spring, TX
- Alvin, TX
- Katy, TX
- Abilene, TX
- Sugar Land, TX
- Arlington, TX
- Missouri City, TX
- Laredo, TX
- Loraine, TX
- Richmond, TX
- Harlingen, TX
- Edinburg, TX
- Plano, TX
- Cypress, TX
- Killeen, TX
- Humble, TX
- Friendswood, TX
- Dickinson, TX
- Grand Prairie, TX
- Mesquite, TX
- Angleton, TX
- Tyler, TX
- Eagle Pass, TX
- Allen, TX
- Spring, TX
- Austin, TX
- Eden, TX
- Belton, TX
- Carrollton, TX
- Baytown, TX
- San Benito, TX
- Mansfield, TX
Don’t see your city or zip code? Enter your zip code below to search for your new low rate:
Don’t see your city or zip code? Enter your zip code below to search for your new low rate: