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 Southlake
If you’re a long-time resident, a new mover, a business owner, or need no-deposit power, this thorough guide will help you discover your ideal power plan in Southlake.
Southlake Electricity Rates
You have the power to choose your home’s electric company in Southlake.
ComparePower is a free consumer service started in 2009 to assist residents of Southlake in shopping for their best energy plan.
These official rates are the identical prices you’ll find contacting the electricity providers or visiting their websites.
Competing plans from many different energy companies are presented in a standardized format, making evaluating alternatives simple and fast.
This helps Texas consumers avoid hidden charges and marketing gimmicks by comparing plans “apples-to-apples” without wasting hours and hours making phone calls or sorting through dozens of websites.
57 Southlake Electric Rates
These live rates for ONCOR ELECTRIC DELIVERY COMPANY service area were updated on . Pricing shown is based on an exact usage of 1000 kWh.
Electricity Price Trends in Southlake
Energy in Southlake is deregulated. As an energy consumer, you have a choice when picking a retail electricity provider (your energy provider), which gives you flexibility and power over your energy bills.
Deregulation of electricity in the state de-monopolized the energy market for most of Texas, the city of Southlake included, which introduced massive competition.
As a result, many excellent energy providers compete for your business in Southlake by offering low prices, making it a great time to shop, switch, and lower costs on your energy bill.
As many as 60-100 providers compete for your account in Southlake, with hundreds of plans to sort through.
Average Electricity Rates in Southlake
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 Southlake
#1 rule: Determine what your usage is!
Determining the amount of energy you will use each month is the ideal way to shop for power in Southlake. Why is this so vital?
The rate electricity companies advertise for an exact monthly usage (usually 2000 kWh).
Every plan has a different equation for how your monthly bill is determined, and your monthly bill will vary depending on how much electricity you use each month.
Unless you match the exact advertised usage each month, you will end up paying a “price per kWh” different than what you observed when you signed up.
Thankfully, there’s a better way to select your power company.
Calculating your expected monthly bill based on expected monthly usage, then comparing rates by total monthly cost 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 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 best way to find the right energy plan for your home.
ComparePower does all the complicated math for you in an instant. What takes hours inside a spreadsheet is now done in a few moments.
We put the power in your hands, taking what would amount to hours of investigation, spreadsheets, and calculations across hundreds of plans and navigating you step-by-step to the electricity rate plan that’s best for your household’s usage.
We clarify the details, disclosing all fees, so you’ll know exactly where your money is going and what to anticipate on your bill.
We then help you enroll with your chosen electricity company without ever having to leave our website.
The takeaway here is you should determine your expected or historical usage before choosing the right energy 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 electricity plan for your specific usage.
Ready to find the best plan for your household? Enter your zip code to get started:
Moving to Southlake: Setting up Electricity
If this is your first time setting up electricity service in Southlake, 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 can assess your home’s projected electricity consumption.
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 Southlake
Switching is good. Market conditions are constantly changing, so it is essential to shop for a lower price every year when your contract is close to expiring.
Your existing energy company will typically raise your energy 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 electricity companies.
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 company 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 decide to switch, your new energy company will take care of everything for you, including canceling service with your previous company.
Your lights stay on when you switch. Electricity in Southlake 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 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 termination” fee. That’s Texas Law.
If you’re still under contract, check 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 lowest 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:
Southlake Energy Companies
Looking for a great electric company in Southlake?
You can enroll for services with great electricity providers such as TXU Energy, Reliant, and Direct Energy.
Click on the provider of your choice to view rates, learn more, or sign up.
|Energy Companies in Southlake||Phone Number|
|New Power Texas||888-316-0697|
No-Deposit Electricity Plans in Southlake
If you need to find an energy plan in Southlake 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.
That saves you a lot of time and hassle. No more surfing the internet and calling electricity providers to determine if a deposit will be required.
We will instantly check the other plans for any deposit obligations so you can get your lights on and return to your day.
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:
Southlake Business Energy Plans
If you own a business in Southlake, you’re not alone.
Southlake is home to many small and large businesses and is a great town to run a business.
It would be best to compare prices from competing energy companies to lower your energy costs.
ComparePower bridges the gap between your business and energy providers 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 pick the best price. 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 Southlake, visit the Oncor website or call them at 1-800-242-9113.
For gas service in Southlake, call or visit Southlake’s official city website to determine who your provider is.
In Southlake, water, garbage, sewer, and recycling services are usually handled by the City of Southlake.
Other Utility Service Areas in Texas
Not in the Oncor 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 Southlake
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 Southlake
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.
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
- 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
Southlake Electricity Rates FAQs
Who has the cheapest Southlake 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 Southlake 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.