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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 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

The electricity market in Texas this August has been a tale of two markets.  Wholesale
TXU is the company that popularized Free Nights and other time of day electricity plans
The amount of power used by your household influences your electric bill. The time in

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.

 

Texas Electricity Rate Index

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

****IMPORTANT***

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.