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.
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January 2019 Texas Electricity Rate Update
January 2019 Texas Electricity Rate Update
2019 is starting with higher electricity rates in Texas. Average available rates on 12 month plans are up over December in all areas of Texas. The increase is modest for larger homes that use 2000 kWhs. The largest increase in average available rates for new electricity plans occurred at the 500 kWh usage level.
For example, people who are shopping for electricity for an apartment in Houston will find that the average rate has gone up from 12.1¢/kWh to 12.9¢/kWh for a 12 month plan in the Centerpoint delivery area. The Centerpoint delivery area includes Houston and surrounding suburbs. The average 500 kwh rate in the Oncor delivery area (DFW) rose from 10.9¢/kWh in December of last year to 11.6¢/kWh in January of 2019. Some of the increase in various parts of the state is a result of increases in transmission and distribution utility pass through fees. Such fees tend to have a larger impact on homes that use less electricity.
Texas Electricity Rate Guide January 2019
|Texas Location/Size||Average Rate||Lowest Rate||Cheapest Provider|
|Houston Apartment (500 kWh)||12.9¢/kWh||10.9¢/kWh||Gexa Energy|
|Houston Sm Home (1000 kWh)||11.6¢/kWh||9.6¢/kWh||Cirro Energy|
|Houston Lg Home (2000 kWh)||10.3¢/kWh||9.2¢/kWh||Frontier Energy|
|Dallas Apartment (500 kWh)||11.6¢/kWh||9.9¢/kWh||Gexa Energy|
|Dallas Sm Home (1000 kWh)||10.1¢/kWh||9.0¢/kWh||Cirro Energy|
|Dallas Lg Home (2000 kWh)||9.3¢/kWh||8.1¢/kWh||Frontier Energy|
|Lewisville Apartment (500 kWh)||13.5¢/kWh||12.8¢/kWh||Direct Energy|
|Lewisville Sm Home (1000 kWh)||10.9¢/kWh||9.3¢/kWh||Cirro Energy|
|Lewisville Lg Home (2000 kWh)||9.8¢/kWh||9.0¢/kWh||Frontier Energy|
|Victoria Apartment (500 kWh)||13.5¢/kWh||12.6¢/kWh||Trieagle|
|Victoria Sm Home (1000 kWh)||11.5¢/kWh||9.9¢/kWh||4Change Energy|
|Victoria Lg Home (2000 kWh)||10.4¢/kWh||9.7¢/kWh||Frontier Energy|
|Abilene Apartment (500 kWh)||12.9¢/kWh||11.7¢/kWh||Trieagle|
|Abilene Sm Home (1000 kWh)||10.9¢/kWh||9.8¢/kWh||Cirro Energy|
|Abilene Lg Home (2000 kWh)||10.3¢/kWh||9.9¢/kWh||4Change Energy|
The rates listed here are a snapshot as of 1/16/2019. To see current rates in your city use our real time electricity rate comparison tool at the top of the page.
Rates listed in table are for 12 month plans. Rates will be different for longer or shorter duration plans.
The good news is that the best available rate at the 2000 kwh usage level is unchanged in nearly every region of the state. This means that you can still get a good deal by shopping for the cheapest rate. Frontier Utilities remains the cheapest electric company for large homes in most areas. In Arlington, for example, the Frontier Beat The Heat 12+ plan is offered at 8.1¢ per kWh. This is more than a penny better than the next best rate of 9.3¢ per kWh from the 4Change Budget Saver 12 plan.
The Beat The Heat 12+ plan is not a good option for homes that use less electricity. At the 1000 kWh usage level, the Cirro Smart Value 12 Online plan is the cheapest rate at 9.0¢/kWh in the Oncor region.
2019 Electricity Rate Outlook
Continued tight short term capacity margins will keep pressure in electricity rates throughout at least the summer of 2019. A handful of power plant projects that were expected to begin delivering power to the Texas electricity grid have recently been cancelled or delayed. This has led to a warning by officials that capacity for the summer of 2019 will be less than ideal.
Capacity concerns going into the summer of 2018 caused electricity providers to raise rates going into the summer to protect themselves. As it turned out, there was plenty of electricity to meet demand in the summer. We are likely to see a repeat of those pre-summer rate increases this year. Consumers should take advantage of any drops in rates that occur in the spring to lock in a long term plan.