Any product or company names, marks, or logos shown on this page are the property of their respective owners. ComparePower is an unaffiliated, independent marketplace. Get unbiased, accurate information backed by our commitment to editorial integrity.
Your Insider’s Guide to Finding the Best Electricity Rates and Energy Plans in Rainbow
Whether you are a business owner, new resident, or long-time citizen of Rainbow, this comprehensive guide will enable you to find your best solution for an electricity plan.
Rainbow Electricity Rates
As a resident or business owner within Rainbow, you can choose the electricity provider that best meets your specific needs.
ComparePower is a free consumer service established in 2009 to assist residents of Rainbow in searching for their best energy plan.
Plan information is presented in a user-friendly format that enables a quick and simple comparison of available plans and options.
Competing offers from several electricity companies are displayed conveniently, making 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 calling different energy companies or clicking through dozens of different websites.
52 Rainbow 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 Rainbow
Electricity in Rainbow has been deregulated. As an energy consumer, you can choose 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 most 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, with hundreds of plans to select from.
Average Electricity Rates in Rainbow
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 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 the advertised amount each month, you will pay a “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 a year of usage history for your home, 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 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 guiding you to the energy rate plan that’s best for your home’s consumption.
We clarify the fine print, disclosing the various charges, so you’ll know precisely where your money is going and what to expect on your monthly bill.
We then help you enroll with your selected electricity provider without leaving our website.
The takeaway 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 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 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 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 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 it’s 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 constantly in flux, so shopping for a lower price each year when your contract expires is essential.
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 significantly higher than the plan you signed up for.
Before renewing your contract, check the rates of competing energy companies.
Switching can save you hundreds or thousands of dollars yearly 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 switch, your new energy company will handle everything, 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 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 of breaking 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 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 your chosen company.
|Energy Companies in Rainbow||Phone Number|
|New Power Texas||888-316-0697|
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 tremendous 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.
Learn how to get no-deposit lights.
You may be eligible to have the deposit waived if you meet one of the requirements from 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:
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 many small and large businesses and is a great town to run a company.
You must shop at rates from competing energy companies to manage your electricity costs.
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 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.
Call or visit Rainbow’s official city website for gas service in Rainbow to determine who your provider is.
In Rainbow, the City of Rainbow 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 Rainbow
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
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
- 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
Rainbow Electricity Rates FAQs
Who has the cheapest Rainbow 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 Rainbow 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.