Here is what you need to know about Laredo electricity. If you aren’t comparing multiple electric providers, you are almost certainly paying too much for electricity.
Here we have listed the largest and most respected names in Texas electricity. All provider plans are listed in one place for you to easily compare and choose the right plan for you.
We will help you understand details like pricing structures, contract lengths, and provider reputations. This will allow you to secure an electricity plan that aligns with your goals.
Featured Electricity Rates In Laredo, Texas
- Average residential electricity rates in Laredo typically fall between 10-13¢/kWh, depending on your provider.
- Laredo’s electricity rates and utility costs are very similar to those in other Texas cities.
- Electricity companies provide many benefits and plans for consumers of varying backgrounds and needs. Many of the best providers offer bonuses and credits per billing cycle.
Electric Companies in Laredo
You will find many of the same electric companies throughout many cities in Texas. The companies shown in this table offer some insight into what you can expect to pay.
|Electric Companies in Laredo
|Eco Saver Plus 24
|Gexa Eco Saver Lite 12
|Maxx Saver Select 12
|Express Energy Flash 24
|Maxx Saver Select 24
|Smart Value 12 Online
|Sure Value 36
|Autopay Texas 12
|Clear Deal 12
|Frontier Power Saver 24
|Season Pass 12
|Green Mountain Energy
|Pollution Fee e-Plus 12
|Reliant Power On 12
Rates Updated August 1, 2023
While many rates are similar, the minor differences are determined by what the companies offer. Some may charge more for more in-depth services. Others may offer extra features or special plans that other companies might not have. This gives them a distinct advantage, even if they are more expensive.
However, you should never choose an electric company based on the rates alone. It is also essential to consider the company’s rating. It is best to choose a company that has an agreeable rate while still offering excellent customer service and other benefits.
Vault’s evaluations unveil Laredo as a hub of top-tier electric companies, with TXU Energy, Gexa Energy, Express Energy, and Frontier Utilities taking the spotlight.
- Express Energy’s Flash 12 plan offers a unique $100 credit if monthly energy consumption exceeds 1000/kWh.
- Frontier Utilities grants a $100 credit in each billing cycle for usage between 1000/kWh and 2000/kWh via the Frontier Super Value 12 plan.
- Gexa Energy’s Gexa Saver Deluxe 12 plan offers a similar $100 credit for 1000/kWh to 2000/kWh usage.
- TXU Energy’s Free Nights & Solar Days plan features 100% renewable energy and includes a zero energy charge at night.
- Payless Power’s Simple 6 plan is also a good option since it does not require credit checks or deposits. But it is more expensive than most other options.
Average Residential Electricity Rates in Laredo
|Average Residential Electricity Rates
Laredo falls in line with most other cities in the area when it comes to average electricity costs for homeowners.
Average Business/Commercial Electricity Rates in Laredo
Commercial rates in Laredo are also competitive, with some providers offering better prices than others. Businesses can generally take advantage of lower prices since they tend to use more power overall.
|Business Electricity Rates
|6 Month Term
|1 Year Term
|2 Year Term
|3 Year Term
Average Utility Bill in Laredo
You can expect to save money on both electricity and other utilities in Laredo, so long as your usage is moderate. Average utility costs in the city fall a bit below the national average.
|Average Utility Bill in Laredo
How Do Laredo’s Electricity Prices Compare to Other Texas Cities?
Laredo electricity rates are almost identical to many other cities in Texas, including Arlington, Plano, and Corpus Christi. While there are some minor differences in the prices, they often differ by a few cents. These differences may be more pronounced when you choose between residential and commercial options. The differences are also more noticeable between small and large structures.
Comparing Laredo’s electricity prices to those of other Texas cities is a task that also requires a nuanced analysis of factors, including supply and demand, energy mix, and the competitive landscape.
Like much of Texas, Laredo operates within a deregulated energy market. This competition among electricity providers can lead to variations in rates and plans, enabling consumers to select options that align with their needs. Considering all these factors is important when choosing an energy plan, especially if you’re on a tight budget.
How Do Laredo’s Electricity Prices Compare to Other U.S. Cities?
Laredo’s energy prices are generally cheaper than the rates in many other U.S. cities. While it isn’t a bustling metropolis like New York, it is still a busy city with a great need for electricity. This is likely due to the excessive use of air conditioning since the city experiences temperatures around 80℉ for a good portion of the year.
Despite this, Laredo’s prices still aren’t sky-high. View the chart below to see how Laredo’s electricity prices measure up.
Moving to Laredo? Here’s What to Know About Switching Electricity Providers
Switching electricity providers when moving to a new area like Laredo can be a smart decision to save money and find a better service. Many make the mistake of choosing a provider without doing much research. This is a sure way to end up with a provider that doesn’t have your best interests at heart.
A better approach is to take your time and analyze different providers online. Compare different plans, rates, contract lengths, and cancellation fees. Knowing this critical knowledge will help you make the right decision when it’s time to pick a new provider.
How Does Power to Choose Work?
Texas is a Power To Choose electricity market. This means that in most parts of the state, consumers can shop for electricity and choose the provider that offers the cheapest rates or the best features.
Electricity providers spend a great deal of money advertising on television. But the truth is most plans advertised on television are among the most expensive plans on the market.
Electric companies know that savvy consumers shop for electricity online. At Vault Electricity we’ve compiled all the most trusted electricity brands and the cheapest available electricity rates in one place to make the process easier for you.
Understanding Electricity Rate and Usage Level
By matching your energy consumption patterns to the appropriate plan, you can maximize your savings and arrive at a well-considered choice. Conducting a thorough comparison of electricity rates based on your typical usage is an important stride in choosing the energy plan that offers optimal cost efficiency for your requirements.
Who Delivers the Cheap Power To Laredo?
Deregulation of the Texas electricity market broke up existing monopolies into separate entities with different roles within the market. The two key types of company that are relevant to electricity consumers are the Retail Electricity Providers and the Transmission Distribution Utilities (TDUs)
Your retail electricity provider is the company whose name is on your bill. Assuming your area isn’t under a regional or city co-op, you are free to choose your retail electricity provider. These companies have names you are familiar with such as TXU, Reliant, and Green Mountain Energy.
Retail electricity providers compete with each other for your business. Their job is to purchase electricity from the wholesale electricity market and resell it to the end users while, hopefully, smoothing out the price volatility that is often found in the wholesale electricity market.
When they sell you a 12 month electricity plan, they are locking in a rate for you while taking on the risk of price volatility within the wholesale market. The retail electricity provider does not deliver your electricity.
Electricity in Texas is delivered to your home by Transmission Distribution Utilities (TDUs). TDUs maintain the power lines within a given area and are responsible for keeping the power flowing.
The utility responsible for the Laredo area in Oncor. If you have a power outage, it is Oncor you should call.
Utility Company Contact Information in Laredo
Laredo Utilities website
Laredo Waste Services website
Laredo Power Company Information
AEP Contact Information:
- For power outages in Laredo Texas, please call AEP at 1-866-223-8508.
- To have underground lines located prior to digging in Laredo Texas, call 1-800-344-8377.
Smart Meter Information:
- For information on the smart meter program in Laredo Texas, click here.