Rankin electricity rates and energy plans
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, Texas.
Time to read: about 7 min
Sections in this guide:
Pick a section to skip directly to it:
- Rankin Electricity Rates Table (live 24/7 updates)
- Electricity Price Trends in Rankin (average kWh price chart)
- How to find the best energy plan in Rankin (know your usage!)
- Moving to Rankin: Setting up Electricity (how to choose the right plan)
- Switching electricity companies in Rankin (how to choose the best plan)
- Rankin Energy Companies
- No-Deposit Electricity Plans in Rankin
- Rankin Business Electricity Plans
- Rankin Utilities (and how to report a power outage)
Rankin Electricity Rates Table
As a resident or business owner within Rankin, you have the power to choose the electricity provider that best meets your specific needs.
ComparePower is a free consumer service started in 2009 to help residents of Rankin shopping for their lowest rate energy plan.
Plan information is presented in a user-friendly format that enables quick and simple comparison of available plans and options.
Plans from a number of 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 of time calling different energy companies or sorting through hundreds of different websites.
83 Rankin Electric Rates
These live rates for AEP North service area were updated on . Pricing shown is based on an exact usage of 1000 kWh.
Electricity Price Trends in Rankin
Energy in Rankin, Texas, has been deregulated. As an energy customer, you have a choice when it comes to choosing 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 the majority of the state, the city of Rankin included, which introduced lots of 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 and there are hundreds of plans to select from.
Average Electricity Rates in Rankin, 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 Rankin residents on ComparePower with rates as low as $0.12
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 in each month.
Unless you use exactly the advertised amount each month, you will end up paying an effective “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 total monthly bill, is the best way to shop for the best rate for your home.
Better still, if you have an entire year of usage history for your household, 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 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 navigate 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 and fees, 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
If you recently purchased a home or business, or you cannot obtain 12-months of usage history, you can always estimate the average amount of energy that you will use in any given 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 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 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 instantly through ComparePower. We will remind you when its 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 always in flux, so it is important to shop for a lower price each year when your contract is about to expire.
Your existing energy company 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 more than the plan you signed up.
Before renewing your contract make sure to shop the rates of competing energy providers.
Switching can save you hundreds or thousands of dollars each year 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 date 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 are unsure email us your latest energy bill and one of our team members will respond to you promptly with your best options.
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 truly 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
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||Phone Number|
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 get back to your day.
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.
Rankin Business Electricity Plans
If you own a business in Rankin, you’ll discover many other businesses also call Rankin home.
Rankin is home to a significant number of small and large businesses and is a thriving place to run a company.
To lower your electricity bill, you need to 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 to 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 official city website to determine who your provider is.
In Rankin, water, garbage, sewer, and recycling services are usually handled by the City of Rankin.
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.
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, Texas
Find cheap electricity rates by zip code. Click on your zip code below to find competitive rates in your area.
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View electricity prices for cities near Rankin, Texas
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.
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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: