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Your Insider’s Guide to Finding the Best Electricity Rates and Energy Plans in Rankin
If you’re a long-time resident, new to Rankin, own a business, or need no-deposit electricity, this complete guide will help you discover your ideal energy plan in Rankin.
Rankin Electricity Rates
As a resident or business owner within Rankin, 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 Rankin shop for their lowest-rate energy plan.
Plan information is presented in a user-friendly format that enables a quick and simple comparison of available plans and options.
Plans from many different energy providers are displayed in a simple layout that makes comparing your options simple and quick.
This helps Texas consumers avoid hidden fees and advertising gimmicks by comparing plans “apples-to-apples” without consuming hours calling different energy companies or sorting through hundreds of websites.
59 Rankin Electric Rates
These live rates for AEP TEXAS NORTH COMPANY service area were updated on . Pricing shown is based on an exact usage of 1000 kWh.
Electricity Price Trends in Rankin
Energy in Rankin has been deregulated. As an energy customer, you can choose a retail electricity provider (your electricity company), which gives you flexibility and power over your energy bill.
Deregulation of electricity in Texas de-monopolized the energy market for most of the state, the city of Rankin included, which introduced competition.
As a result, many excellent energy providers compete for your business in Rankin by offering low rates, making it a great time to compare, switch, and save costs on your power statement.
As many as 100+ energy companies compete for your account in Rankin, with hundreds of plans to select from.
Average Electricity Rates in Rankin
Updated February 2024
The average residential electricity rate in Texas is 14.61 ¢/kWh, 9% less than the U.S. average.
Got me the cheapest electric. Nice.Emily (TX, United States)
How to Find the Best Energy Plan in Rankin
#1 rule: Determine what your usage is!
Discovering how much energy you will use each month is the ideal way to shop for energy in Rankin. Why is this important?
The rate you see power companies advertising is for an exact monthly usage (usually 2000 kWh).
Every plan has a different calculation for how your monthly bill is calculated, and your monthly bill will be determined by how much power you consume each month.
Unless you use the advertised amount each month, you will pay a “price per kWh” different than the one you saw advertised when you ordered.
Fortunately, there’s a better way to pick your energy provider.
Calculating your expected monthly bill based on estimated monthly usage, then comparing options by the total monthly bill is the best way to shop for the best rate for your home.
Better still, if you have a year 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 and is the ideal way to find the right electricity rate plan for your home.
ComparePower does all the complicated math for you instantly. What takes hours on a spreadsheet is now solved in just seconds.
We put the power in your hands, taking what would amount to hours of investigation, spreadsheets, and computations across hundreds of plans and navigating you step-by-step to the energy plan that’s best for your household’s consumption.
We clarify the fine print, disclosing the various charges, so you’ll know precisely where your money is going and what to anticipate on your monthly bill.
We then assist you in ordering your plan with your chosen energy company without ever having to leave our service.
The bottom line is you must understand your expected or historical usage before ordering 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 find 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 Rankin: Setting up Electricity
If this is your first time setting up electricity service in Rankin, 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 instantly through ComparePower. We will remind you when it’s time to return 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 Rankin
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 company will typically raise your electricity 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, 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 contact 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 energy company will handle everything for you, including canceling service with your previous company.
Your lights stay on when you switch. Electricity in Rankin 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 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.
The amount saved each month by switching to a different electricity company may outweigh the one-time fee to get out of your contract early.
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.
You will want to gather your past usage for the last 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:
Rankin Energy Companies
Are you looking for a great electric company in Rankin?
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 rates, learn more, or sign up.
|Energy Companies in Rankin
|New Power Texas
No-Deposit Electricity Plans in Rankin
Need to find an energy plan in Rankin 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 energy providers to determine if a deposit is needed.
We will review the other plans for any deposit requirements instantly so you can get your power on and return to your day.
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:
Rankin Business Electricity Plans
If you own a business in Rankin, you’ll discover many other businesses that call Rankin home.
Rankin is home to many small and large businesses and is a thriving place to run a company.
To lower your electricity bill, compare 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 companies will present their bids. You choose the best 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 Rankin, visit the AEP North website or call them at 1-877-373-4858.
For gas service in Rankin, call or visit Rankin’s official city website to determine who your provider is.
In Rankin, the City of Rankin usually handles water, garbage, sewer, and recycling services.
Other Utility Service Areas in Texas
Not in the AEP North 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 Rankin
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 Rankin
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
- Spring, TX
- Richmond, TX
- Cypress, TX
- Humble, TX
- Midland, TX
- Plano, TX
- Round Rock, TX
- Pearland, TX
- Katy, TX
- Katy, TX
- Pflugerville, TX
- Mesquite, TX
- Laredo, TX
- Killeen, TX
- Carrollton, TX
- Odessa, TX
- Irving, TX
- Grand Prairie, TX
- Katy, TX
- League City, TX
- Mansfield, TX
- Missouri City, TX
- Mission, TX
- Sugar Land, TX
- Mcallen, TX
- Tomball, TX
- Temple, TX
- Baytown, TX
- Waxahachie, TX
- Lewisville, TX
- Rosharon, TX
- Katy, TX
- Hutto, TX
- Tyler, TX
- Grapevine, TX
- Magnolia, TX
- Harlingen, TX
Rankin Electricity Rates FAQs
Who has the cheapest Rankin 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 Rankin 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.