Bonham electricity companies are competing every day to be your provider. One of the many great things about living in Texas is that you can pick your own energy company as long as you are not part of a co-op. In Bonham, you can compare electricity companies to find the lowest rates on electricity. But with so many electric companies that offer service to Bonham, it can be hard to be sure you are getting the lowest rate possible.
The Vault electricity rate comparison tool puts all the information you need to make an informed choice in one place. Just enter your zip code and we will show you the electricity providers you have to choose from in Bonham. You can compare electricity rates and plan features to find the plan that works best for your needs.
Enrollment is fast and easy. For each plan you have the option to either enroll online or via phone.
Featured Electricity Rates In Bonham, Texas
Why Compare Bonham Electricity Rates?
What happens when consumers compare one produce vs. another? They generally consider three aspects: quality of the product, quality of the service, and price.
Let’s look these three things with regard to electricity providers in Texas.
Quality of product: There are a lot of different ways electricity can be generated. But once electricity has been created, it is fed into the electric grid, where it is all mixed together. It doesn’t matter where the power originated. When you turn on your a/c you will receive the exact same electricity down the exact same power lines regardless of who you choose as your retail electricity provider. Your light bulbs don’t know the difference, and it doesn’t matter what electric company sends you your bill every month.
Quality of service: If your lights go out in Bonham, you will call Oncor to get power restored. Oncor is the regional utility (TDU) that maintains the powerlines and delivers electricity to the area. They perform this function no matter who the retail electricity provider is. The result is that there can be no difference in the quality or reliability of electrical service based on who your electricity provider is.
Price: Your electricity rate is the most important difference between Bonham electricity providers. If you have a choice between two products that are in every way identical, the wise thing is to choose the cheaper one. Why should electricity be any different?
Don’t be tricked into overpaying.
Top Bonham Electricity Rates From Each Provider
|Electric Company||Plan Name||Electricity Rate|
|Frontier Utilities||Best Value 12||5.1¢/kWh|
|4Change Energy||Maxx Saver 12||5.9¢/kWh|
|Gexa||Saver Supreme 12||6.8¢/kWh|
|4Change Energy||Free Energy 12||6.9¢/kWh|
|Cirro Energy||Smart Value 12 Online||8.3¢/kWh|
|Direct Energy||Live Brighter 12||11.4¢/kWh|
|First Choice Power||You Got This 24||11.3¢/kWh|
|TXU||Clear Deal 12||9.9¢/kWh|
|4Change Energy||Easy Saver 12||7.9¢/kWh|
|Gexa||Saver Deluxe 12||5.1¢/kWh|
|Green Mountain Energy||Pollution Free e-Plus 24 Preferred||11.0¢/kWh|
|Reliant||Secure Advantage 12||11.8¢/kWh|
|Payless Power||SmarTricity Premier 12||13.6¢/kWh|
For a more detailed realtime rate comparison enter your zip code at the top of the page. Our rate comparison tool lets you see all providers and rates. You can filter by term length, usage level, green energy plans, no deposit plans and get you them most up to date pricing. The rates listed above are for the 1,000 kWh usage level. More Information on any of these plans >>>
Sources of Bonham Electricity Plans
Most electricity sold by in Bonham electric companies is comes from natural gas. It is low cost, plentiful and ideal for fueling the power plants that generate electricity for the Texas electric grid.
Wind energy has grown substantially over the past decade or more. It has been the fastest growing source of new electricity generation for the past several years. Due in large part to government subsidies encouraging investment in wind turbines Texas has become the wind capital of America.
Although natural gas and wind together now account for the majority of electricity production in Texas, coal still contributes to the Texas electric grid. Texas is the still the largest producer of CO2 and sulfur dioxide from coal in the country. These emissions come almost entirely from coal burning power plants. About 40% of the coal consumed in Texas is mined here.
Coal is slowly losing ground to cheaper and cleaner sources of fuel including natural gas and wind energy. In the future, less and less of the electricity consumed in Bonham will come from coal.
Tips for Comparing Electric Companies in Bonham
The most common mistake made by Texans when shopping for cheaper electricity in Bonham, it not looking at the correct rates. For each plan market in Texas you will see three different benchmark rates. These represent the average electricity rate you should expect from the plan based on how much electricity you typically use.
If you live in a larger home, you should be comparing based on the 2000 kWh rates. If you live in an apartment, you should be comparing based on the 500 kWh rates. If you have a smaller home, the 1000 kWh rate is probably closer to your usage level.
Some plans are designed look great at 2000 kWhs but turn out to be quite expensive if you use less electricity than that.
One example of how this may happen is with usage credits. For example, a plan may offer a usage credit that apples to your bill once you use over 2000 kWhs in a billing cycle. This would have the effect of bringing your average electricity rate down by 1 cent per hour once your usage hits 2000. But if you use less than that you will not get the benefit of the $20 bill credit. This will make your average rate higher than someone who uses more than 2000 kWh.
What You Need to Know About Bonham, Texas
The city of Bonham was named after the Texas Revolution soldier John Bonham. The man whom the city is named fought in the Battle of Alamo. The population was recently 10,200 people, putting the city at the 230th rank for the largest Texas city. The city is also the county seat for Fannin County. It is one of the oldest cities in the whole state, dating back to 1837 in its establishment. On the map it is near the Oklahoma border, meaning that it lies within the Texoma region. The nearest major Texas cities are Grayson (22 miles), Plano (49 miles), and Dallas (65 miles). Crime is below average in the city, and the climate is actually cooler than the U.S. average. Tornadoes are a very frequent occurrence in this part of Texas.
According to the data, the median household income is below the Texas average by about $20,000. Unemployment is below the state average and plenty of people get jobs in Manufacturing, Construction, and Production positions in the Bonham workforce.
The cost of living in the city is below average due to some of the cheapest housing in the state. Transportation is cheap as well.
Utility Company in Bonham — Conact Information
TXU/Oncor Contact Information:
For power outages in Bonham Texas, please call Oncor at 1-888-313-4747. To have underground lines located prior to digging in Bonham Texas, call 1-800-344-8377. To view Bonham Texas outage maps, click here.
Smart Meter Information:
For information on the smart meter program in Bonham Texas, click here.