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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 electricity 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

October 2018 Texas Electricity Rate Update Texas electricity rates have ticked up slightly in October
The Fantastic Fixed 6 plan has long been a popular plan offered by Bounce Energy. 
****Update Fall 2018**** Good News! Texas electricity rates are on their way down again.  After

Texas Electricity Rates to Go Up In 2018

****Update Fall 2018****

Good News!

Texas electricity rates are on their way down again.  After a summer spike, electricity rates across Texas have fallen.  Utility officials were concerned about having enough electricity to meet peak summer demand.  This resulted in electricity providers increasing the rates on their fixed rate plans in anticipation of higher wholesale electricity prices.

Now that summer is over and the feared power shortages never materialized, rates are back down.  Now is a great time to lock in a great rate if you are not under contract.

For example, Bounce Energy has a 6 month plan for just 8.4¢/kWh in the DFW area (9.2¢ in Houston area).  If you have a larger home, Frontier has a plan targeted for the 2,000 kWh usage rate at just 7.3¢/kWh.

***Original Story****

Texas electricity rates are expected to go up in 2018 as the state’s electricity grid experiences growing pains.  2018 will see the closing of a number of coal fueled power plants.  Coal has been giving way to cheaper electricity fuel sources for a number of years.

The growth in wind power and natural gas fueled power will offset the loss in coal over time but for the summer of 2018, expected record demand for electricity will converge with power plant closures to put a squeeze on wholesale electricity rates.  This, in turn, will cause the retail electricity prices paid by most Texas consumers to increase. The rise in wholesale rates could be particularly dangerous for consumers who have electricity plans that are tied directly to the wholesale price of electricity.

The rise in prices could be felt more in areas like Houston.  Houston electricity rates tend to be higher that rates in the Dallas / Fort Worth area.  Average summer temperatures also tend to be higher in the southern part of the state.

Reserves to fall below comfort level

The state of Texas typically targets a reserve margin of 13.75%.  This means that the available supply of electricity should exceed the projected peak demand for electricity by at least that amount.  This give a cushion for unforeseen spikes in demand or lose of capacity such as could be experienced during a large storm.

The most recent projections by ERCOT put the reserve margin during the summer of 2018 at 9.3%.  This number is expected to climb to 11.7% by the summer of 2019 as newer power plants come on line.

 

See Also: Hurricane Harvey’s Impact on Texas Electricity Grid
See Also: Oncor Proposes Electricity Rate Increase for Many Texans