Archives: FAQs

If you live in a deregulated part of Texas, you have the freedom to choose from any electricity company that services your area.

This means you can shop around, compare rates, and select the provider that offers the best value for your specific needs.

This competition often leads to better customer service, more innovative products and services, and, most importantly, potential savings on your electricity bill.

Check with ComparePower

If you live in Texas, you can also use tools like ComparePower, where you can enter your zip code to see if you have the power to choose your electricity provider.

Limitations of Deregulation

However, it’s important to note that not all parts of Texas are deregulated.

Approximately 20% of the state is still regulated, including some municipal utilities and electric cooperatives.

If you live in these areas, your electricity provider is predetermined, and you do not have the power to choose.

In regulated areas, a single utility company is responsible for the generation, transmission, and distribution of electricity.

These companies are often municipally owned or electric cooperatives, and they set the rates for electricity in their service area.

While this means less choice for consumers, it also means the rates are regulated by the local government or a cooperative’s board of directors, which can lead to stable pricing.

Your Next Step

Ready to explore your options? Enter your zip code, and discover the electricity plans available in your area.

Compare rates, read reviews, and make an informed decision about your electricity provider.

Remember, you have the power to choose. Use it wisely.

We believe that the best site to compare electricity rates is one that puts the consumer first, and that’s exactly what we strive to do.

We understand that electricity usage varies from one household to another, and that’s why we’ve designed our platform to allow you to compare rates based on your specific usage.

This usage-based pricing approach ensures that you find a plan that truly fits your needs and budget.

But don’t just take our word for it. Over 55,500 Texans have rated us 5 stars, a testament to our commitment to providing a user-friendly platform, exclusive plans and prices, a seamless online enrollment process, and comprehensive customer support.

Our mission is to simplify the process of comparing electricity rates and make it as straightforward and stress-free as possible.

With ComparePower, you can confidently navigate the Texas electricity market and choose a plan that best suits your needs.

Join the thousands of satisfied Texans who have found their perfect electricity plan with us.

ComparePower Texas

ComparePower is your trusted partner in navigating the Texas electricity market. Discover how we empower Texans to make informed decisions about their electricity choice.

The lowest fixed-rate electricity plan today starts at 12.30¢/kWh, significantly lower than the average Texas residential rate of 14.61 ¢/kWh.

Compare Texas Electricity Rates

Compare today’s lowest electric rates across different household energy consumption patterns.

City500 kWh1000 kWh2000 kWh
Houston15.70¢12.20¢12.80¢
Dallas14.00¢12.30¢12.10¢
Arlington14.00¢12.30¢12.10¢
Corpus Christi15.20¢12.80¢12.70¢
Plano14.00¢12.30¢12.10¢
Laredo15.20¢12.80¢12.70¢
Garland14.00¢12.30¢12.10¢
Irving14.00¢12.30¢12.10¢
Katy15.70¢12.20¢12.80¢
Grand Prairie14.00¢12.30¢12.10¢

Texas Electric Rates by Utility Service Area

These are today’s lowest electric utility rates for common household energy consumption patterns.

Electric Utility500 kWh1000 kWh2000 kWh
Center Point15.70¢12.20¢12.80¢
Oncor14.00¢12.30¢12.10¢
TNMP16.80¢13.90¢13.80¢
AEP Texas15.20¢12.80¢12.50¢

ComparePower Texas

Shopping rates on ComparePower allow you to make an informed decision about your electricity provider.

With our user-friendly platform, you can compare rates from various vetted providers based on your specific usage and needs.

We offer exclusive plans and prices, a seamless online enrollment process, and comprehensive customer support.

With ComparePower, you can confidently choose an electricity plan that best suits your needs and potentially save hundreds of dollars a year on your energy bills.

ERCOT stands for Electric Reliability Council of Texas. It is a non-profit organization that manages the flow of electric power to more than 26 million Texas customers, representing about 90% of the state’s electric load. ERCOT operates the electric grid and manages the deregulated market for 75% of the state, including most of the state’s population centers. ERCOT’s main responsibility is to ensure that the electric supply meets the demand of consumers at all times, and it does this by coordinating the generation and transmission of electricity within the state. ERCOT also oversees the process of determining the wholesale price of electricity, which is used by retail electric providers to set rates for their customers. ERCOT also plays an important role in planning for future electricity needs, monitoring transmission lines, and the overall reliability of the grid.

We have built a powerful tool to help you estimate you usage, and then shop for the best plan based on your specific usage. Please click here to check it out.

Never. Usually you will be given notice if such an event occurs that allows you time to come back to comparepower.com and find a new provider. Even if your provider shuts their doors suddenly and without notice you will not be without power. You’ll be switched to a different provider automatically, known as Provider of Last Resort (POLR), and will have the chance to come back to our site and choose an alternate provider.

It only takes about 10-15 minutes to compare providers and “make the savings switch” at ComparePower. The physical switch from one electric provider to another, after you signup, generally occurs within 1-7 days. Your next bill coming from your new provider. Rest assured, there will be no interruption to your service during the transition. If you are signing up for new electric service, the date of service start will be set up during your enrollment.

In Texas, providers offer a 3-day grace period during which you can cancel the contract without penalty if you change your mind after switching providers. So rest easy – if you feel you’ve made a mistake, just contact your new provider, tell them you’d like to cancel, and come back to ComparePower to find a provider or plan that suits you better.

If you have already passed the grace period and you want to switch back to your previous provider or to a different one, you may be subject to an early termination fee or a cancellation fee, depending on the terms of the contract you have signed. It’s important to check the terms of the contract and to confirm with the new provider regarding any fees that may be applied.

If you are setting up service for the first time (you’re moving in), this “right of rescission” may vary. Check with your provider before signing up to be sure.

In Texas, there are laws to protect you from this and you are not be subject to a cancellation fee if you legitimately move from your home. Anytime you move, you should use that opportunity to shop again for a better plan – even I you are in a contract. You do NOT have to transfer your service – that’s Texas Law.

Some Utilities charge startup or setup fees associated with reading your meter, so be sure to check the facts label carefully anytime you are switching or signing up with a new provider.

You may be subject to a cancellation fee if you change your provider before the end date of your contract. However, you can set a switch date within 14 days before the end of your contract end date without early termination penalty. That’s Texas Law.