Let Vault Electricity help you find cheap electricity in Magnolia, TX.
We are not an electric company. We work directly electricity providers in your area to make sure you get the cheapest electricity rates being offered in Magnolia no matter who the provider is.
Magnolia is part of the Texas power to choose marketplace. People and businesses here are allowed to switch providers to save money and get the best electricity rates. For more than then years we have helped thousands of Texans lower their energy bills. We have saved Texas electricity consumers tens millions of dollars.
If you need more information about how to select an energy provider or find the best rates, you’ve landed in the right place. You will likely find your answer here.
Featured Electricity Rates In Magnolia, Texas
Our electricity rate comparison tool provides all the information you need to find the perfect plan. It’s all in one place in a format that is easy to use. You can filter for features that may be important to you such as green energy, or no deposit.
If you are ready to compare rates and find a new electricity plan, enter your zip code to see a complete list of Magnolia electricity providers. We have relationships with the most trusted brands in Texas energy. This allows us to bring savings to our users.
Top Magnolia, TX Electricity Rates From Each Provider
|4Change Energy||Free Energy 12||7.9¢/kWh|
|Gexa||Saver Supreme 36||8.4¢/kWh|
|Cirro Energy||Smart Value 12 Online||9.6¢/kWh|
|4Change Energy||Budget Saver 12||8.9¢/kWh|
|Direct Energy||Veteran & Active Military 12||11.5¢/kWh|
|First Choice Power||You Got This 24||12.2¢/kWh|
|TXU||Clear Deal 12||11.9¢/kWh|
|4Change Energy||Maxx Saver 12||7.9¢/kWh|
|Green Mountain Energy||Pollution Free e-Plus 24 Preferred||13.9¢/kWh|
|Champion||Champ Saver 12||13.6¢/kWh|
|Reliant||Reliant Clear Flex||14.2¢/kWh|
|Gexa||Saver Supreme 16||8.9¢/kWh|
|Payless Power||SmarTricity Flex Saver||12.9¢/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 >>>
What Does Power To Choose Mean?
Simply put, “Power To Choose” means you have the right to select your electricity provider if you live in a deregulated area of Texas. Electricity companies that serve Magnolia are in constant competition with each other to win customers. This can help energy consumers save a lot of money. But it does require you to do some research and be proactive about taking advantage of your options.
There are certain long-standing brand name energy companies in Texas that have been around since before deregulation began in Texas. Back then, they were the only choice consumers had. Because of their name recognition and huge advertising budgets, many people still assume that these companies are the only option for electricity in their area. The truth is these companies are just one among many consumers can choose from.
Sometimes these big brand name companies are offering the best price in the market. Quite often, however, there are better electricity rates to be found elsewhere. You just have to take the time to shop and compare.
Electricity rates are constantly changing. Be vigilant and on the lookout for great offers.
Where Does the Electricity in Magnolia Come From?
When you pick an electric company, what you are actually doing is selecting the company that will purchase electricity from the Texas wholesale electricity market and resell the electricity to you. These companies are called Retail Electricity Providers (REP). It is the name of your REP on your electric bill. However, they are not the company responsible for delivering electricity to you.
The job of delivering electricity to Magnolia homes belongs to the regional utility companies (called TDUs). The TDU for Magnolia is Oncor. Regardless of who you buy your power from, Oncor will deliver the power to your home.
Oncor is who maintains the wires and poles in a large part of the state of Texas including Magnolia. If your lights go out in Magnolia call Oncor. Oncor passes fees along through your electric bill.
No matter what Retail Electricity Provider you choose, there will be passthrough fees on your electric bill to compensate Oncor for maintaining the lines and delivering the power. These pass through fees are the same for everyone in the Oncor delivery area regardless of your electric company.
Things to Know About Beautiful Magnolia, Texas
Magnolia is in Montgomery county and has a population of 2,000. But don’t let its size fool you; it has a ton of character. Originally named Mink Prairie–and then Mink–the city’s name was changed to Magnolia to avoid confusion at the post office. In addition to this new name, the magnolia trees in the area seemed a fitting thing to name the town after.
The cost of living in Magnolia is higher than most of the country by about 14%. Housing and transportation make up for the discrepancy in the cost of living.
Interestingly enough, there are more males than females who live in Magnolia, Texas. Usually the stats show the opposite. And 95% of people have a highschool diploma in the city.
The biggest industries for Magnolia are in Construction, Engineering, Business Consulting, Production and Transportation, and Health Services.
For fun you can visit the Lone Pint Brewery in Magnolia, as well as the Historic Depot, Farmers Markets, and a myriad of great places to get some food.
On the map Houston is about 40 miles away, Northwest Harris, 18 miles, and The Woodlands, 15 miles. It is in the Southeastern part of Texas.
What Are the Cheapest Electricity Companies in Magnolia?
This is a trick question. The cheapest electric company in Magnolia today will likely not be the cheapest by next month. Electricity rates in Texas are continuously changing. Companies continuously go in and out of the top spot as they jockey for position in our rankings.
The company that offers the lowest rate on a long term plan may not be the same company that offers the lowest rate on a short term plan. The company that offers the cheapest electricity rate may not be the same company that offers the cheapest green energy plan rate.
Your rate also depends on how much electricity you need for your home. TXU may offer a plan with the lowest average electricity rate for a home that uses 500 kilowatt hours per month while Cirro Energy may offer the best rate for someone who uses closer to 2000 kilowatt hours per month.
Also, the company with the best electricity rate in Magnolia may not have the best rate in other parts of the state.
That’s why it is so important to compare electricity rates in a format like ours where you can get all the details you need about the available providers and their rates in one place.
Magnolia Electricity Providers
The Power Lines Are Operated by the CenterPoint Utility Company
CenterPoint Contact Information:
For power outages in Magnolia Texas, please call CenterPoint at 1-800-332-7143. To have underground lines located prior to digging in Magnolia Texas, call 1-800-344-8377. To view a map of current CenterPoint power outages, click here.
Smart Meter Information:
For information on the smart meter program in Magnolia Texas, click here.