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Your Insider’s Guide to Finding the Best Electricity Rates and Energy Plans in Tool
If you’re a long-time resident, a new mover, a business owner, or need no-deposit power, this complete guide will help you determine your best energy plan in Tool.
Tool Electricity Rates
You have the power to choose your household’s energy provider in Tool.
ComparePower is a free consumer service started in 2009 to help residents of Tool search for their lowest-rate electricity plan.
These official rates are the same rates you’ll find contacting the energy providers or visiting them online.
Plans from many different electricity providers are outlined in a simple layout that makes comparing your options simple and quick.
This assists Texas consumers in avoiding hidden fees and marketing gimmicks by comparing plans “apples-to-apples” without consuming hours and hours making phone calls or clicking around on dozens of websites.
64 Tool 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 Tool
Electricity in Tool is deregulated. As an energy customer, you have a choice when selecting a retail electricity provider (your energy company), which gives you flexibility and power over your energy bills.
Deregulation of energy in Texas de-monopolized the electricity market for most of the state, the city of Tool included, which introduced lots of competition.
As a result, many fantastic power providers compete for your business in Tool by offering low rates, making it a great time to shop, switch, and save costs on your power bill.
As many as 100+ energy companies compete for your business in Tool, and hundreds of plans exist to sort through.
Average Electricity Rates in Tool
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 Tool
#1 rule: Determine what your usage is!
Knowing how much energy you will use monthly is the best way to find a deal on electricity in Tool. Why is this so vital?
The rate you see power companies advertising is for an exact monthly usage (typically 1000 kWh).
Every plan uses a different calculation for how your monthly statement is calculated, and your monthly bill will change according to how much electricity you use in the month.
Unless you match the exact advertised usage each month, you will end up paying an effective “price per kWh” different than what you observed when you ordered.
Thankfully, there’s a better way to pick your electricity plan.
Calculating your 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 your household.
Better yet, 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 months and is the ideal way to discover the ideal energy plan for your home.
ComparePower does all this math for you in an instant. What could take you hours on a spreadsheet is now solved in seconds.
We put the power in your hands, taking what would amount to hours of investigation, spreadsheets, and computations across hundreds of offers and navigating you step-by-step to the energy plan that’s best for your household’s consumption.
We clarify the details, disclosing the various charges, so you’ll know exactly where your money is going and what to expect on your bill.
We then help you enroll with your selected energy provider without ever leaving our website.
The takeaway is that you must know your expected or historical usage before choosing the right 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.
While not as optimal as having all the previous 12 months of usage, estimating your average usage is better than blindly picking the first plan you see advertised by an electricity company at a specific usage that isn’t what you’ll consume.
Use ComparePower to shop for 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 Tool: Setting up Electricity
If this is your first time setting up electricity service in Tool, 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.
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 Tool
Switching is good. Market conditions are constantly changing, so it is essential to shop for a lower rate every year when your contract is close to expiring.
Your existing electricity 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, check the rates of competing energy 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 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 provider will handle everything for you, including terminating service with your previous company.
Your lights stay on when you switch. Electricity in Tool 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 cancellation” fee. Texas law protects you here.
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 knowing your usage is the best way to find the lowest price.
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:
Tool Energy Companies
Looking for a great electric company in Tool?
You can sign up for service 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 Tool||Phone Number|
|New Power Texas||888-316-0697|
No-Deposit Electricity Plans in Tool
Need to find an energy plan in Tool that doesn’t require a deposit?
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 energy companies to determine if a deposit will be required.
Working for you, we will instantly review any deposit requirements 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 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:
Tool Business Energy Plans
If you own a business in Tool, you’re not alone.
Tool has become a thriving place for many small to mid-sized companies. The city is small enough to get to know people and thrive, yet close enough to large metropolitan cities that provide even more growth opportunities.
Shop for prices from competing energy companies to manage your electricity costs.
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 pick 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 Tool, visit the Oncor website or call them at 1-800-242-9113.
Call or visit Tool’s official city website for gas service in Tool to determine who your provider is.
In Tool, the City of Tool usually handles water, garbage, sewer, and recycling services.
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 Tool
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 Tool
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.
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
Tool Electricity Rates FAQs
Who has the cheapest Tool 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 Tool 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.