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Texas Electricity Rates From Trusted Companies

If you think you have to pay the rates your current electricity provider charges, we have good news. The state of Texas allows you to choose which electricity provider you use. This means you can select a provider that has the cheapest Texas electric rates in your area and the best plan for your needs, whether you need a better deal for your residence, your business, or both. Thousands of consumers and businesses that have used our electricity rate comparison process agree that, when shopping for commercial electricity or residential electricity rates and plans, Vault Electricity is the one-stop source for the best options from top electric providers.

How Our Electricity Rate Comparison Process Works

We carefully screen Texas electricity providers in your area. Then, we list electricity rates and plans from top providers in a user-friendly format on our website, so you can compare the information. We handle the complex concerns and considerations, so you don’t have to. With our assistance, you no longer need to track down different electricity companies, rates, and plans, because we provide all the information you need to choose the best provider.

When you use our rate comparison process, providers know that they are competing to win your business. Consequently, they offer cheap electric rates in hopes of becoming your new Texas electricity company. This benefits both you and the provider you select. You receive a cheap electric rate and the plan of your choice, and the provider adds another satisfied customer.

Our Dedication to Providing You With Great Options

In finding you the best Texas electric rates, we only list electric companies that have great business stability, excellent service, environmental awareness, and transparent pricing. This protects you from providers that could soon go out of business, are unattentive to customers, are environmentally unsound, or may end up charging you a higher rate than advertised.

Use Our Service to Start Paying Less for Electricity

Gone are the days when you had to contact electric companies to discover their rates, and negotiate a better deal on your own. Today, Vault Electricity does the work for you, handling the entire process of finding the best Texas electric rates and plans from providers that have a pedigree of business stability, customer service, eco-friendliness, and financial transparency. This allows you to shop for electricity in just a few minutes, right from your computer.

To find cheap Texas electric rates, simply enter your zip code into the electricity rates calculator on our homepage. For help selecting a provider and a plan, please contact us today at 214-446-2210, or send us an email. We look forward to helping you find cheaper electricity!

  • 200+

    Electricity Plans Available on VaultElectricity.com

  • $40,000,000+

    Money That We Have Saved Consumers Since 2009

  • 1,000,000+

    Consumers that have compared providers with Vaultelectricity.com

Testimonials

I was shocked by how much I was being overcharged by TXU. Thanks to the information on your site, I changed providers and my rate went from 13.25¢ to 8.6¢ and it was a breeze to switch.

Ryan H. in Dallas -- Residential

Thank you for negotiating a new electric billing rate for my firm. We were paying 11.68 cents per kWh last year. You assisted us in reducing the rate to 6.43 cents per kWh. At this time last year, our bill was $572.76 and this year it is $340.70!

David B. in Killeen - Commercial

My electric bill dropped from $285 to $209 even though I used a bit more electricity. Thank you so much!

Kelly B. in Plano -- Residential

What a difference you made to our bottom line! You lowered our rate by almost 60%, and I haven't had any issues at all. I wish I would have heard of you folks earlier. I cringe to think about all the money I had been wasting.

Peter L. in Abilene -- Commercial

It's been 4 months since you helped us with our electricity, and everything has been great. Our bills have been cut in half!

Debra Z. in Edinburg-- Commercial

Thank you for helping us with our electricity rate. With the extra money you saved us we were able to lease another delivery truck and hire an additional driver.

Jessica S. in Midland -- Commercial

I greatly appreciate you taking the time to explain the pros and cons of each provider, not to mention finding us incredible rates to choose from. On behalf of our entire congregation, I thank you.

John G. in Katy -- Commercial

We just received our first electric bill from the new provider and I estimate an annual savings of $24k based on our previous consumption. We are very pleased!

Chip B. in Colleyville -- Commercial

Wow, am I glad I found your site! I was getting scalped by my previous energy company, and I had no idea they were taking advantage of me! Thanks to you guys, I lowered my electric rate from over 13 cents to under 9 cents! Just in time for the summer electric bills, too!

Gabe W. in Houston -- Residential

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Electricity News, Tips and More

The Texas PUC is pushing the state’s utilities to pass through some of the benefits
Texas electricity rates are expected to go up in 2018 as the state’s electricity grid
High winds and significant flooding along the Texas Gulf Coast substantially impacted the Texas electricity

Hurricane Harvey’s Impact on Texas Electricity Grid

High winds and significant flooding along the Texas Gulf Coast substantially impacted the Texas electricity grid.  The transmission and distribution infrastructure sustained severe damage in the southern portion of the state as a result of Harvey’s landfall.  10,000 megawatts of electricity was lost to the grid according to the Electric Reliability Council of Texas (ERCOT).

The loss of generation capacity was offset by a large drop in electricity demand across the state.  The loss in demand was a direct result of downed transmission lines.  Leaving hundreds of thousands of Texans without power at times.  The grid also benefited from a drop in temperatures across the state during the period when the loss of capacity was at its greatest.

Many factors associated with the storm combined to reduce electricity output.  Several power plants went offline as a result of flooding that impacted the delivery of fuel supplies to the generator facilities.  These same transportation difficulties kept personnel needed to run the plants from getting to work.

Near the coast where winds exceeded 130 miles per hour, many high voltage transmission lines were taken out of service by the damaging winds.  Further inland in the Houston area, flooding took a larger toll on transmission facilities.  Capacity was also lost due to loss of wind power.  Wind turbines are turned off when wind exceeds 55 mph in order to avoid damaging the equipment.

Power loss along with the failure of a backup generator were to blame for explosions at the Arkema chemical plant.  The plant stored chemicals that become volatile when not cooled to a certain temperature.

Meanwhile, many electricity providers in Texas stepped up to help in relief and rebuilding efforts.  NRG, the parent company of Reliant Energy and several other electric brands in Texas donated one million dollars to organizations including the Red Cross, and the J.J. Watt Houston Flood Relief Fund.   Direct Energy, the parent company of Bounce energy and the Direct Energy retail brand is matching donations up to $25,000 the Red Cross.  TXU Energy is allocating $500,000 to help customers who are unable to pay their electric bills in the wake of Harvey.