Compare Saginaw electricity companies and save on your light bill by using the free Vault Electricity rate comparison tool. Did you know there are multiple electric companies competing right now to offer you the cheapest electricity rates?
These companies are constantly updating their rates and changing their plans in an attempt to get you to switch to them. That’s what makes a competitive marketplace work so well.
Saginaw, just like most of Texas, is a “power to choose” market for electricity. This puts consumers in the driver’s seat and puts pressure on electric companies to keep prices low. It also leads to innovate in the market with new types of energy plans.
While all of this is great for the people who live in Saginaw, it can sometimes be a bit overwhelming when it comes to picking an electric company.
Featured Electricity Rates In Saginaw, Texas
What a Difference One Cent Makes To Your Electricity Rate
Some people may not think there is much difference between providers. After all, 10¢ per kWh is only one cent less than 11¢ per kWh. That doesn’t sound like a lot.
Consider that a large home in Saginaw can use 2000 kWh of electricity per month. Depending on the size of your home or the season, it could actually be a lot more. That one cent difference in price means a difference in price of $240 per year. That’s based on just a one cent difference in rate.
Top Saginaw Electricity Rates From Each Provider
|The Lantana 15
|Frontier Saver Plus 24
|Gexa Eco Saver Plus 24
|Maxx Saver Select 24
|Smart Simple 12
|Sure Value 36
|Autopay Texas 12
|Green Mountain Energy
|Pollution Free e-Plus
|Clear Deal 12
|Maxx Saver Select 12
|Gexa Eco Saver Lite 12
|Veteran Energy Valor 36
|Reliant Power On 12
|Rate Lock 12
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 >>>
We often see that the difference in price between the cheapest electricity rate in Saginaw and the most expensive rate is 5, 6, or even 7 cents per kWh.
Choosing the wrong electricity provider can easily cost you over a thousand bucks a year!
That’s why it’s so important to compare electricity rates in Saginaw.
Luckily, we’ve done the work for you.
Is One Electricity Provider Really That Different From Another?
The most important consideration when picking an electricity provider is who has the cheapest electricity rate. In that respect, electricity providers can be very different. Electricity rates in Saginaw, TX can vary a great deal depending on who you have as your electric company. From this standpoint, there is an important distinction between electricity providers.
As far as how you receive your electricity and how reliable your service is, however, there is no difference whatsoever between retail electricity providers. This is because the same utility company is responsible for delivering electricity to everyone in Saginaw regardless of the retail electricity provider they select. You will not notice the difference between one electric provider and the next until your bill arrives.
There are a handful of differences other than price. Some have higher credit requirements for example. Some offer prepaid service while others are exclusively postpaid.
Prepaid electricity works a little like a prepaid cell plan or debit card. You pay for the power you are going to use beforehand. The cost of any electricity you use is deducted from your existing balance. It allows consumers to avoid a credit check and is a no deposit electricity option,
Most providers offer paperless billing and autopay options. Most of them prefer to do as much as possible online. This helps keep their costs down and allows them to offer lower rates.
Saginaw, Texas Is a Great Place to Live
This city in Tarrant County, Texas has a population of 23,000, making Saginaw the 126th largest city in the state of Texas. Population growth has been relatively stable since 1980. Because of its position on the map, Saginaw is in the northeastern part of Texas, next to the cities of Blue Mound, Haslet, River Oaks, Sansom Park, North Richland Hills, Fort Worth, and Dallas is only 34 miles away from Saginaw.
According to the information out there on Saginaw, it was originally Pontiac, but it was renamed in 1882 to Saginaw, which translates to “to flow out” in the Ojibwe Native American language.
For some information on the current economy of Saginaw, the top employers in the city are Eagle Mountain-Saginaw ISD, Walmart, CTI Chefco Foods, Trinity N. American Freight Car Inc., Ventura Foods, Ranger Fire, and the Russo Corporation to name just a few. And the most common occupations within the city are in Retail, Manufacturing, Transportation, and Food Services. And as per usual, Healthcare and Education play a big part in supplying jobs for the workforce.
Education rates are high in the city with 90% of those over the age of 25 having a high school diploma. In addition to this, about 23% of people have earned a Bachelor’s degree or higher.
Compare No Deposit Electricity in Saginaw
The good news is, you may not be stuck paying a deposit. There are options that require no credit check and no deposit.
Visit our No Deposit Electricity page or call 855-564-1181 for a no deposit electricity plan.
Why Do Saginaw Electric Companies Run Credit Checks?
Retail electric providers tend to have thin profit margins. In order to sell power to Texas consumers, they must first buy this power from the source; the power plants and wind turbines that generate the electricity. They must pay for this power regardless of whether or not the homeowner pays their own electric bill at the end of the month. Because of the, when someone defaults on their bill the electric company takes a loss.
To protect themselves, electric companies run credit checks on potential customers. These are “soft” credit checks that do not have an impact on the credit score of the applicant, but they do help the electric company to decide whether they want to ask for a deposit. If they think there is a big enough chance that someone will default on their bill, the company will require a deposit. This protects them from loses if the customer fails to pay their bill after receiving electricity.
TXU/Oncor Contact Information:
For power outages in Saginaw Texas, please call Oncor at 1-888-313-4747. To have underground lines located prior to digging in Saginaw Texas, call 1-800-344-8377. To view Saginaw Texas outage maps, click here.
Smart Meter Information:
For information on the smart meter program in Saginaw Texas, click here.