Power To Choose in Texas has been incredibly successful in making cheaper electricity available to Wichita Falls.
But it does require a little bit of effort on the part of consumers. There are so many electric companies and types of energy plans available in the market that it can be a little overwhelming for consumers.
The good news is that there are savings to be had when you compare electricity providers and the plans they offer side-by-side with other companies.
Although there are dozens of electricity providers that offer service in Texas, the market is dominated by a few well known brands. Many of them benefit from the name recognition that comes from having existed since before deregulation hit Texas.
But there are many smaller, scrappier competitors that not only offer cheap electricity rates, but force the big names into offering lower rates themselves to continue to be competitive.
Sorting through all of these electric companies and all the plans they offer could be difficult without the right tools.
Featured Electricity Rates In Wichita Falls, Texas
Simply enter your zip code in the search box and we will present you with a complete list of the plans and providers available in Wichita Falls along with the rates, features, and details about each plan.
Once you’ve selected the plan that fits your needs you can sign up online or over the phone.
Top Wichita Falls Electricity Rates From Each Provider
|Electric Company||Plan Name||Electricity Rate|
|BKV energy||The Lantana 15||14.6¢/kWh|
|Frontier Utilities||Frontier Saver Plus 24||11.2¢/kWh|
|Gexa||Gexa Eco Saver Plus 24||11.1¢/kWh|
|4Change Energy||Maxx Saver Select 24||11.1¢/kWh|
|Cirro Energy||Smart Simple 12||15.6¢/kWh|
|Trieagle||Sure Value 36||13.9¢/kWh|
|Direct Energy||Autopay Texas 12||16.3¢/kWh|
|Green Mountain Energy||Pollution Free e-Plus||17.4¢/kWh|
|TXU||Clear Deal 12||13.9¢/kWh|
|4Change Energy||Maxx Saver Select 12||11.1¢/kWh|
|Gexa||Gexa Eco Saver Lite 12||19.1¢/kWh|
|Express Energy||Flash 24||11.1¢/kWh|
|Veteran Energy||Veteran Energy Valor 36||15.1¢/kWh|
|Reliant||Reliant Power On 12||19.9¢/kWh|
|Payless Power||Rate Lock 12||18.3¢/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 >>>
Why Do Electric Companies in Wichita Falls Run Credit Checks?
Electric companies in Texas make money by buying electricity of the grid at wholesale prices and reselling it to consumers. In the process they take on pricing risk and allow more predicable pricing for the end user. Since they are obligated to pay the power plants for the electricity they sell, they want to make sure they are going to get paid on the other end.
That’s where credit checks come in. These types of credit check won’t negatively affect your credit score, but they will help the provider determine if they want to require a deposit. A surprisingly high percentage of people who sign-up for an electricity plan are asked to pay a deposit.
It is up to each company to set its own credit requirements. So, if you are asked to pay a deposit with one provider, you may have better luck with another light company.
There Is More to Wichita Falls Than Cheap Electricity Plans
Wichita Falls is 36th largest city in the state of Texas with a population of 104,700 according to recent estimates. On the map it is in the northern section of the state, next to the Oklahoma border. The nearest major cities in Texas are Northeast Tarrant (104 miles) and Wichita Falls (125 miles). It was named after the falls of the Wichita River, which was destroyed in 1886. In a response to the number of people who wanted to see the falls over the next century, an artificial waterfall was built to once again bring the namesake back. Sheppard Air Force Base is about 5 miles outside of the town, and Wichita Falls is also home to the notorious Newby-McMahon building–it holds an unofficial (and facetious) record for being the “world’s littlest skyscraper.”
The city’s biggest employers are Sheppard Air Force Base (which has the most by far), Wichita Falls ISD, North Texas State Hospital, United Regional Healthcare System, Midwestern State University, Cryovac, and Howmet Castings to name a few.
The most common occupations and industries for the Wichita Falls workforce is Construction, Retail, Food Preparation, Accomodation and Food Services; the annual household income for citizens is $44,000 which is below average in state and the country.
Are the Electricity Plan EFLs Important?
Before enrolling in any electricity plan sold in Wichita Falls, you should review the plan’s EFL. For every plan listed on Vault, you will find a link to the plan’s EFL. This is a document published by the electricity provider for each plan they offer. It contains all of the fine print detail about the plan that you need to be aware of before choosing a plan.
It will explain how your electric bill will be calculated and how the published electricity rates for the plan are derived. It will break out the components of your bill including:
- TDU passthrough flat fees
- TDU per kWh fees
- Monthly billing charges
- Usage credits tiered electricity rates
- Time of day rates for plans like Free nights and weekend plans
- Energy charges assed by the provider
TDU fees are the fees charged by the regional electricity delivery utilities that are responsible for maintaining the powerlines and delivering power. The fees are assessed to all rate payers as a passthrough cost from the retail electricity provider. Most providers break these costs out as separate line items in the EFL.
Generally speaking, plans that have complicated formulas for determining cost are more likely to fail to deliver on the rate promised in the marketing material.
Wichita Falls Electricity – Renewable Energy Plans
Green energy plans are becoming more common in Texas. Many electric companies offer at least one plan that consists of 100% renewable energy sources. They do this because there is growing demand for such plans. This is the result of consumers wanting to be more ecofriendly while at the same time electricity rates for green energy plans are dropping. There is now very little difference in price between the cheapest green energy plan and the average traditional electricity plan.
If you are looking specifically for a renewable energy plan, look for the green energy icon when reviewing your list of options on our electricity rate comparison tool.
Which Electric Company Has the Cheapest Electricity Rates?
Today’s cheapest electricity provider is probably not going to be next week’s cheapest electricity provider. The Texas energy market is dynamic. Rates change often, and there is no one provider that can claim the title of cheapest.
What’s important is determining who has the best electricity rates today. When you know that, you can pick a plan that fits your needs and lock in a 6 or 12 month contract with the best rate available.
When your contract term is up, in all likelihood, someone else will have a better rate than the renewal rate being offered by your current provider.
The whole purpose of a power to choose energy market is to allow consumers to maintain pressure on the electric companies to keep electricity rates low. This only works if consumers are willing to hold the electricity providers accountable and switch when they have a better offer.
Wichita Falls Electricity Providers
Utility Company in Wichita Falls
TXU/Oncor Contact Information:
For power outages in Wichita Falls Texas, please call Oncor at 1-888-313-4747. To have underground lines located prior to digging in Wichita Falls Texas, call 1-800-344-8377. To view Wichita Falls Texas outage maps, click here.