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What is a good rate per kWh in Texas?
With the average electricity rate in Texas currently at 14.58¢/kWh, it’s easy to think that’s the best you can do.
But here’s the thing – you don’t have to settle for average.
Get exceptional savings. Lock in rates starting at 12.30¢/kWh today through our marketplace.
You’re probably thinking. “What’s the catch?” The truth is, there isn’t one.
We leverage our industry expertise and negotiating power to secure deals that are as real as they are remarkable.
So why settle for average? If you’re like most Texans, you’re probably tired of seeing your hard-earned money disappear into the pockets of big electricity companies.
It’s time to flip the script. Embrace the power of choice and find your best energy plan today.
Best Texas Electric Rates by City
Explore the lowest electricity rates across Texas.
Using ComparePower to find the right energy company was wonderfully easy. I was able to compare prices, review contract terms, as well as use the billing calculator to see what my bill would be based on my current kwh usage (I compared my recent bill with the website’s calculator). This made it so simple to make a decision on what would work for my house.
Jennifer Baltazar Hughes
Find Your Best Energy Plan
When comparing electricity plans, look past advertised rates per kWh.
Our marketplace lets you quickly find and sign up for competitive rates that fit your home.
Unleash Your Power to Save in 3 Simple Steps
- Enter your zip code to view local rates tailored to your area.
- Shop with your home’s specific kWh usage for the most cost-effective plans.
- Enroll online in minutes and start harnessing your savings power.
Take control of your electricity costs ⤵️
Very helpful, ComparePower makes switching providers stress-free. I plugged in my kwh usage from this past year & I could’ve been saving tons of money if I would have utilized this site & switched sooner!
— Ashley, Texas
Electric Utility Rates in Texas
Explore electricity rates in Texas from different utility service areas.
Electric Utility | 500 kWh | 1000 kWh | 2000 kWh |
---|---|---|---|
Center Point | 14.80¢ | 11.30¢ | 12.10¢ |
Oncor | 14.00¢ | 12.30¢ | 12.10¢ |
TNMP | 16.80¢ | 13.20¢ | 13.30¢ |
AEP Texas | 15.40¢ | 12.20¢ | 12.10¢ |
Lowest Texas Electricity Rates
Electricity rates vary by provider and plan type. Compare rates from top providers to find your best deal.
These live rates for ONCOR ELECTRIC DELIVERY COMPANY service area were updated on . Pricing shown is based on an exact usage of 1000 kWh.
These live rates for CENTERPOINT ENERGY HOUSTON ELECTRIC LLC service area were updated on . Pricing shown is based on an exact usage of 1000 kWh.
These live rates for TEXAS-NEW MEXICO POWER COMPANY service area were updated on . Pricing shown is based on an exact usage of 1000 kWh.
These live rates for AEP TEXAS NORTH COMPANY service area were updated on . Pricing shown is based on an exact usage of 1000 kWh.
These live rates for AEP TEXAS CENTRAL COMPANY service area were updated on . Pricing shown is based on an exact usage of 1000 kWh.
These live rates for ONCOR ELECTRIC DELIVERY COMPANY service area were updated on . Pricing shown is based on an exact usage of 1000 kWh.
Average Texas Electricity Rates
Last Updated March 2024
The average residential electricity rate in Texas is 14.58¢/kWh, per the US Energy Information Administration.
Texas Electricity Rates Chart
Monthly average retail electricity rates in Texas from 2002-2024.
Note: U.S. Energy Information Administration data lags by two months. ComparePower rates are updated daily, so you get the most current rates.
Why Rates Fluctuate in Texas
Like Texas weather, you’ve probably noticed that electricity rates can be unpredictable.
But did you know that supply and demand primarily influence wholesale electricity prices?
Texas has a deregulated electricity market where market factors and your plan details influence electricity prices.
When everyone cranks up their AC in the summer, demand soars.
More expensive generators are brought online to meet this demand, increasing prices.
It’s a built-in incentive to keep the electricity flowing smoothly.
Market Factors
- Seasonal fluctuations – Rates rise in high-demand summer and winter months.
- Fuel costs – Prices of natural gas, coal, and renewables impact rates.
- Supply and demand – More demand raises rates when supply tightens.
With many factors affecting electricity rates in Texas, it pays to research plans thoroughly.
Comparing all aspects ensures you find the most cost-effective option for your home.
Understanding Texas Energy Plans
Electricity rates are important, but your ideal energy plan depends on more than the price per kWh.
Your best Texas power plan matches your home’s unique needs and priorities.
Here are some key plan types:
- Fixed-rate – Your rate stays the same for the duration of your contract, offering budget stability.
- Variable rate – Rates can fluctuate based on market conditions. There is potential for savings but also the risk of price hikes.
- Prepaid – Pay for electricity in advance, with no credit check or long-term contract required.
- Green/Renewable – Support renewable energy sources and reduce your carbon footprint.
Tips for Choosing Your Best Plan
- Compare fixed vs. variable rate plans.
- Watch out for teaser rates that spike later.
- Consider contract length – short-term or long-term.
- Calculate the total annual cost of the plan.
- Read customer reviews of providers.
Start New Electricity Service
New to Texas or moving homes? You can start electricity at your new Texas home online in 10 minutes.
Here’s how:
Step 1: Estimate usage with a kWh calculator.
Step 2: Compare rates to find the best plan for your needs.
Step 3: Enroll online and get back to your day.
Buying a new house and remembered at the last minute I didn’t have an electric company. Enrolled and was able to get power the next day which was my closing date! Fantastic!
Ronda Hartman
Make the Switch & Save
Are you switching providers to save on your monthly bill? If you decide to switch providers, we’ll be with you every step of the way.
Here’s what the process looks like:
Step 1: Compare plans and prices from top providers in your area.
Step 2: Select your best plan and sign up online or by phone.
Step 3: Your new provider will handle the switch and coordinate with your previous provider.
Easy as 1-2-3, Switch! I’ve been watching rates for 6 months and it was finally time to switch and lock in the price. Compare Power made it so easy!
Jeannette Zimmerman
Business Electricity Rates
If you’re shopping for business electricity rates in Texas, you can compare plans, rates, and providers in one place.
With over 30 electricity companies, finding the best business electricity rate for your company’s needs is easy.
Input your expected monthly usage to see available rates, and sign up online instantly.
The Power is Yours
One of the great things about living in Texas is that you have the power to choose your electricity provider.
That means you can switch to a better plan that fits your budget and lifestyle.
Choosing the right electricity plan goes beyond the cents per kWh.
It’s about understanding your needs, from the stability of fixed-rate plans to the flexibility of variable rates.
It’s about considering green energy options and finding a provider that aligns with your values.
Texas Electricity Providers
Now that you understand rates explore top Texas electricity providers.
Energy Companies | Phone Number |
---|---|
4Change Energy | 888-250-2215 |
Amigo Energy | 866-993-4445 |
Cirro Energy | 866-965-5660 |
Constellation | 877-390-0411 |
Direct Energy | 866-285-4447 |
Discount Power | 866-996-1740 |
Flagship Power | 866-747-7111 |
Frontier Utilities | 866-280-3131 |
Gexa Energy | 888-688-8460 |
Green Mountain | 866-983-4770 |
Just Energy | 866-985-2820 |
New Power Texas | 888-316-0697 |
Payless Power | 855-854-8490 |
Pulse Power | 888-317-1431 |
Reliant | 866-983-4620 |
Rhythm Energy | 877-825-9940 |
TXU Energy | 866-370-2440 |
Tara Energy | 877-599-2580 |
Next Steps: How to Compare Rates & Save
Learn to compare rates and choose the right plan to save money.
How to Compare Texas Electricity Rates
The ComparePower Advantage:
- Transparency: No hidden fees or surprises. Just transparent, all-inclusive rates.
- Customization: Energy plans that adapt to you, not the other way around.
- Support: Expert guidance is just a call or click away.
Your Turn to Save
Ready to compare rates? Enter your zip to see available options.
Texas Electric Rates FAQs
Answers to common questions about electric rates in Texas.
Join Millions of Satisfied Texans
Read genuine reviews from Texans on finding the right electricity plan here. Get real experiences from people who have been in your shoes, looking for the best deal.
Support You Can Count On
Do you have more questions or need help finding the right plan for your household? Our local experts are here to help.
Contact us today, and let us guide you through finding an electricity plan that meets your needs and budget.
With our personalized recommendations and transparent pricing, you can shop with confidence and take control of your energy costs.
Stay Informed with Our Latest Articles
Find practical bill-saving tips and straightforward guides on understanding your electricity options.