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Texas Electricity Rates From Trusted Electric 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 electric companies 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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2022 Texas Electricity Rate Outlook

The Lone Star State isn’t often associated with winter weather crises—snow days, icy roads, and other cold-weather anecdotes are reserved for the state’s northern neighbors. This all changed in winter February 2021 when over 200 Texans died of hypothermia in the aftereffects of a historic freezing event and subsequent power outage. Winter Storm Uri was the most costly weather event in the state’s history. Electricity providers could not meet the sudden demand for heating. Texas electricity rates soared. The entire state power grid, from wind to coal to natural gas to nuclear, was not appropriately winterized for such a weather event. Winter is on its way once more — only this time, are Texas electricity providers ready?

Electricity Related Legislation and Policy

Because Texas has autonomy over its energy supply, lawmakers could quickly adapt following the crisis. In March 2021, Texas senators passed a bill (Senate Bill 3) that included weatherization mandates, an emergency alert system, and a ban on “indexed retail electric plans.” Indexed retail plans fluctuate with the price of fuel and demand; unsurprisingly, consumers who selected this riskier option suffered unmanageable electricity rates after the storm. The market forced some small electric companies out. ERCOT (the Electric Reliability Council of Texas) has new authority to get generators online at the first sign of energy instability. Furthermore, a new field inspection team came on board to ensure the implementation of the required structural fixes.

Winterization Standards For Power Infrastructure

When the temperature dipped into single digits last winter, the energy grid infrastructure stopped functioning. Texas electric companies dealt with failed transmission lines, pipelines, and generators. If energy companies don’t implement winterization recommendations by December 1st, 2021, they could be penalized upwards of $1 million per month. Winterizing can be tricky in Texas because most facilities are designed to withstand extreme heat rather than cold. Nonetheless, facilities are hard at work implementing techniques to keep pipes from freezing, building shelters and windbreaks around exposed machinery, and even adding portable heaters in those shelters.

Communication

Communication breakdowns contributed to the February storm’s devastation. Even with a fair warning from the National Weather Service, citizens were not appropriately advised to prepare for possible power outages that would affect their access to heat and clean drinking water. While state officials advised of resources available following the storm, people had lost the means to connect with those resources, like the internet, cellphone service, or television. Texas citizens must be better communicated to in emergencies. ERCOT is working hard to be more transparent and improve its outreach resources. The Texas Division of Emergency Management is establishing a better emergency alert system. Communication plans have also been improved between energy stakeholders across the grid, allowing companies to respond quickly to issues. Should the infrastructure fail and Texans lose power, they will at least be better informed this winter.

So is Texas ready?

While it’s impossible to predict what Winter 2022 brings, Texas electric companies have no doubt made substantial improvements to their physical infrastructure and communication plans. There is some concern as to whether the Railroad Commission of Texas — the state entity in charge of regulating the natural gas supply — has met its facility inspection goals and winterization recommendations. Nonetheless, ERCOT officials are working closely with the Railroad Commission to be better prepared for the oncoming season.

The disastrous power outage in 2021 exposed some of the limitations of the state-specific electricity grid. However, there are important benefits to an independently-controlled power supply. If one were to compare electricity rates, Texas residents typically enjoy lower energy rates than elsewhere in the nation. Several major companies even offer no-deposit electricity plans. Beyond cheap electricity, state-specific control allowed Texas leadership to enact legislation and mandate facility weatherizations within a month of the epic storm. Major weather events are on the rise around the world, and Texas is working to demonstrate how to quickly respond to failures and make tangible improvements. Emergency preparedness plans take time, however, and Texas hasn’t even had a year to recover.