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Your Insider’s Guide to Finding the Best Electricity Rates and Energy Plans in Sherwood
If you’re a long-time resident, a new mover, a business owner, or need no-deposit electricity, this insider’s guide will help you find your best energy plan in Sherwood.
Sherwood Electricity Rates
As a resident or business owner within Sherwood, you can choose the electricity provider that best meets your specific needs.
ComparePower is a free consumer service started in 2009 to assist residents of Sherwood shopping for their lowest-rate energy plan.
These official rates are the identical rates you’ll find calling the electricity companies or visiting them online.
Competing offers from many different electricity providers are outlined in a standardized grid, making comparing your options simple and fast.
This assures Texas energy customers avoid hidden fees and marketing gimmicks by comparing plans “apples-to-apples” without spending hours and hours making phone calls or sorting through dozens of different websites.
63 Sherwood 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 Sherwood
Energy in Sherwood is deregulated. As an energy customer, you have a choice when selecting a retail electricity provider (your energy provider), which gives you control and power over your energy bill.
Deregulation of energy in Texas de-monopolized the electricity market for most of Texas, the city of Sherwood included, which introduced competition.
As a result, many fantastic power companies compete for your business in Sherwood by offering low rates, making it a great time to shop, switch, and save money on your energy statement.
As many as 65+ providers compete for your account in Sherwood, and hundreds of plans exist.
Average Electricity Rates in Sherwood
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 Sherwood
#1 rule: Determine what your usage is!
Knowing the amount of energy you will consume month-to-month is the best way to find a deal on energy in Sherwood. Why is this important?
The “price per kWh” you see electricity companies advertising is for an exact monthly usage (usually 1000 kWh).
Every plan has a different calculation for how your monthly bill is computed, and your monthly bill will vary depending on how much power you consume in a month.
Unless you use precisely the advertised amount each month, you will end up paying a “price per kWh” different than the one you saw advertised when you signed up.
Thankfully, there’s a better way to pick your electricity plan.
Calculating your expected monthly bill based on estimated monthly usage, then comparing options by total monthly cost is the best way to shop for the lowest rate for you.
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 ideal way to find the perfect electricity rate plan for your home.
ComparePower does all the complicated math for you in an instant. What could take you hours on a spreadsheet is solved in moments.
We put the power in your hands, taking what would amount to hours of research, spreadsheets, and computations across hundreds of offers and guide you step-by-step to the energy rate plan that’s best for your home’s usage.
We clarify the details, disclosing the various charges, so you’ll know exactly where your money is going and what to anticipate on your bill.
We then assist you in enrolling with your selected energy provider without leaving our service.
The takeaway here is you should understand your expected or historical usage before picking 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 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 energy plan for your specific usage.
Ready to find the best plan for your household? Enter your zip code to get started:
Moving to Sherwood: Setting up Electricity
If this is your first time setting up electricity service in Sherwood, 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: You can estimate your monthly usage if you can’t obtain a usage history. Utilize our “Help Me Choose” tool when you enter your zip code below, and we’ll help you evaluate your home’s usage.
By signing up for a plan through ComparePower you will receive automated reminders when it’s time to renew your existing plan or switch plans.
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 Sherwood
Switching is good. Market conditions are constantly in flux, so it is essential to shop for a lower rate each year when your contract is about to expire.
Your existing energy company will typically raise your electricity rate once your contract expires. If you do not act, you’ll be left on a month-to-month rate significantly more 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 electricity supply
- It takes just minutes
When you switch, your new electricity company will cover everything, including terminating service with your previous provider.
Your lights stay on when you switch. Electricity in Sherwood 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 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 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 best 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:
Sherwood Energy Companies
Looking for a great electric company in Sherwood?
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 Sherwood||Phone Number|
|New Power Texas||888-316-0697|
No-Deposit Electricity Plans in Sherwood
If you need to find an energy plan in Sherwood that requires no deposit, we can help.
If you are charged a deposit on your first plan selection, ComparePower will automatically show you other plans available without a deposit.
That saves you a lot of time and hassle. No more clicking around and calling electricity companies to determine if a deposit will be required.
Working for you, we will instantly review any deposit obligations for other plans, allowing you to get power and return to your everyday 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:
Sherwood Business Power Plans
If you own a business in Sherwood, you’re in great company.
Sherwood is home to many small and large companies and is a thriving town to run a business.
To manage your energy bill, compare prices from competing energy companies.
ComparePower bridges the gap between your business and energy companies by inviting various energy providers to compete for your business in a sealed bid process.
You enroll your information on ComparePower, and the providers 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 Sherwood, visit the AEP North website or call them at 1-877-373-4858.
For gas service in Sherwood, call or visit Sherwood’s official city website to determine who your provider is.
In Sherwood, the City of Sherwood 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 Sherwood
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 Sherwood
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
Sherwood Electricity Rates FAQs
Who has the cheapest Sherwood 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 Sherwood 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.