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Texas Electricity Rates (December 2023)

Written by Jason Thomas | Last updated February 8, 2024

 

Jason Thomas, a proud Texan born and raised, is Co-Founder and Partner at Vault Energy Solutions, LLC. His expertise in the Texas energy industry has been recognized by the Public Utility Commission of Texas, and he has been quoted in the Houston Chronicle on the topic of surging electricity prices in the state.

Texas electricity rates

  • Current average residential electricity rate in Texas is 13.3¢/kWh
  • Current range of electricity prices in Texas is 12.3¢ – 20.5¢/kWh
  • Average monthly energy usage in Texas is 1,411 kWh
  • Average monthly residential electricity bill in Texas is $141

Source: Vault Electricity. The average residential electricity rate is based on the current plan prices available averaged across all TDUs and all 3 standard usage comparison levels (500,1000, 2000 kWh). EIA data is outdated and not useful when you need to know what electricity will cost you today!

Electricity Rate Index (Texas, Houston, Dallas/Fort Worth)

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Lock in the cheapest Texas electricity rates before they increase

As a lifelong Texan and someone who has spent over 14 years working in deregulated electricity, I know that Texas electricity rates are not straightforward.

Things are often not what they seem and finding the cheapest electricity rate for your home or apartment can be tricky. 

Since we started Vault Electricity, we have helped over 100,000 Texans get their lights turned on.

I’ve created this comprehensive guide to Texas electricity rates to help you become an informed consumer, giving you an in-depth understanding of the factors that influence electricity rates in Texas and helping you avoid pitfalls when choosing an electricity plan.

I'll describe the different kinds of plans available for residential customers.

These include fixed rate, variable rate and renewable energy options. 

I’ll break down important information about retail electric providers (REPs), Public Utility Commission regulations, credit checks, and early termination fees

And finally, I'll offer valuable tips on lowering your energy bill by understanding usage patterns and incentives while comparing contract lengths from different providers.

By utilizing data provided by organizations such as the U.S. Energy Information Administration (EIA), Oncor, ERCOT, Centerpoint, AEP, and our proprietary electricity rate comparison tool, you can make educated choices about your power needs.

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What Factors Affect Texas Electricity Rates?

Texas's unique position as an energy-rich state contributes significantly to shaping its electricity rates landscape. Several factors influence the rates. Some of these include:

  • Seasonal Demand: Electricity prices can fluctuate based on seasonal demand, with higher consumption during summer months due to increased air conditioning usage.
  • Fuel Costs: The cost of natural gas and other fuels used for electricity generation directly impacts electricity rates.
  • Distribution Infrastructure: Transmission and Distribution Utilities (TDUs), such as Oncor or Centerpoint Energy, maintain the infrastructure that delivers power to homes; their fees also affect overall electricity costs.

The type of electricity plan that you choose also has a critical impact on your monthly electricity rates. In the next section, I will discuss the main types of electricity plans available and how they affect your bill.

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Texans have the freedom to choose their electricity provider and plan, which can lead to significant savings on monthly bills.

The average residential electricity rate in Texas is around 11.7 cents per kWh, almost 10% cheaper than the national average due to a competitive energy market created by deregulation. 

Factors that affect Texas electricity rates include seasonal demand, fuel costs, and distribution infrastructure maintained by Transmission and Distribution Utilities (TDUs).

Types of Texas Electricity Plans

Fixed Rate Plans

The term fixed rate can be a bit misleading in the context of Texas electricity.

I have written a more detailed explanation of how fixed rate electricity plans work.

But the short version  is that “fixed rate” doesn’t necessarily  mean that you will pay the exact same electricity rate every month.  In fact, you probably won't.

The fine print of many electricity plans sold in Texas can mean that your average electricity rate can vary significantly from month to month.  This is true even if the plan is labeled as a fixed rate plan.

However, these types of plans are more stable than variable rate plans.  And if you choose the right plan it can give you more stability and predictability in your electric bill.

  • Pros: Price stability; protection from market fluctuations; easier budgeting.
  • Cons: May not benefit from lower rates if market prices drop; potential early termination fees if you switch providers before contract end date.

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Variable Rate Plans

A variable rate may shift depending on elements like seasonal demand or wholesale energy costs. While these types of plans may offer more flexibility than fixed rate plans, they also come with increased risk due to unpredictable pricing changes that could lead to higher monthly bills during certain periods.

  • Pros: Potential savings when market prices are low; no long-term commitment required in most cases.
  • Cons: Unpredictable pricing; potential for higher bills during peak demand periods.

Are Fixed Rate Plans or Variable Rate Plans The Better Option?

In most cases, I do not recommend choosing a variable rate plan.  As I mentioned before, not all fixed rate plans are created equally.

But they are generally a better option than variable rate plans because they do offer better price stability.

Variable rate plans that are linked to wholesale electricity rates can change very quickly and dramatically if there is any kind of shock to the electric grid such as a spike in demand or a loss of production on the grid.

Renewable Energy Plans

It may surprise you to know that Texas is one of the largest producers of renewable energy in the world.

For environmentally conscious Texans, renewable energy plans offer a way to support clean and sustainable power sources such as wind or solar energy.

These plans typically come with either fixed or variable rates.  Like many other aspects of the Texas electricity market, even green energy plans are not exactly what they seem. The green energy plans sold to consumers earn their renewable energy label through the use of renewable energy certificates (RECs).  

Retail electricity providers (electric companies such as TXU, Reliant and Gexa) purchase RECs from renewable energy generators.

Each REC represents one megawatt-hour (MWh) of electricity generated from a renewable energy source, such as wind or solar power.

The electric provider might buy these RECs directly from the generator, or it might buy them on an open market.

The company then creates green energy plans based on these RECs. For example, it might offer a plan where 100% of the electricity is matched with RECs, meaning that for each MWh of electricity you and their other customers use, the company retires one REC.

This doesn't mean your electricity is coming directly from renewable sources.  It means your usage is matched with an equivalent amount of renewable energy added to the grid.

  • Pros: Supports green energy initiatives; indirectly reduces carbon footprint; supports renewable energy projects to diversify the electricity grid.
  • Cons: May have slightly higher rates compared to non-renewable options due to increased production costs associated with renewable energy technologies.

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Are Renewable Energy Plans a Better Option?

It depends on your situation. I recommend comparing providers' contract lengths, prices per kWh, early termination fees and additional features or incentives to help you determine the Texas electricity plan that meets both your budget and environmental sustainability goals. 

By doing so, you can find a plan that aligns with both your budgetary constraints and personal values regarding environmental sustainability.  The pricing premium for renewable energy plans is much lower than it once was.  Today electricity rates for renewable plans are pretty much on par with those from traditional electricity plans.

Business Energy Plans

  • The average electricity rate for small businesses in Texas is 10.45¢ per kWh (February 2024).
  • The U.S. average for commercial electricity is 12.93¢ per kWh. 

Small business electricity rates in Texas vary from electricity company to electricity company. These rates also vary by electricity plan. Most business energy suppliers will offer variable or fixed-rate options, although electricity plans for businesses aren’t as standardized as plans for residential customers. 

Keep in mind that not all retail electricity providers will provide commercial electricity. So you’ll need to search for the ones that do. Business energy plans may also be needed for industrial properties, schools, government buildings and churches.

Contact us today, and we will take care of this process for you.

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Texans have two main options when it comes to choosing an electricity plan: fixed rate plans and variable rate plans.  Under the umbrella of fixed rate plans there are a wide variety of pricing structures.

Fixed rate plans offer relative price stability but may not benefit from lower rates if market prices drop. 

Variable rate plans can potentially save money when market prices are low but come with unpredictable pricing changes that could lead to higher bills during peak demand periods. 

Renewable energy plans support green energy initiatives and reduce carbon footprint but may have slightly higher rates compared to non-renewable options due to increased production costs associated with renewable energy technologies. They can come in fixed or variable rate pricing structures. 

Choosing a Texas Electric Company

In the deregulated energy market of Texas, you have the power to choose your electricity provider from a wide range of retail electric providers (REPs). This freedom allows you to find the best electricity rates and plans that suit your specific needs. But the landscape can be confusing for consumers.

It puts the burden on you to become knowledgeable about how the market works. 

In this section, I will discuss REPs, regulations set by the Public Utility Commission of Texas (PUCT), as well as credit checks and early termination fees associated with switching providers.

Retail Electric Providers (REPs)

Retail electric providers are companies that sell electricity directly to consumers. They compete for your business by offering various energy plans, incentives, and customer service options. 

Some popular REPs in Texas include TXU Energy, GEXA Energy, and Express Energy.

To compare rates and find the best plan for you, I recommend that you use the price comparison tool available on this website. Before settling on a plan, review the plan’s Electricity Facts Label (EFL) which contains crucial information about pricing, contract terms, and renewable energy content.

Public Utility Commission of Texas (PUCT) Regulations

The PUCT is responsible for regulating utilities within the state of Texas, including setting rules on how REPs operate within its jurisdiction. The PUCT has established guidelines such as requiring all retail electric providers to be licensed before they can offer services or advertise their products in any way.

These guidelines ensure that customers receive accurate billing statements reflecting actual usage without hidden charges or misleading promotions while also requiring REPs to provide customers with a 14-day notice before any changes in their electricity rates or contract terms. 

For more information on PUCT regulations, visit the Public Utility Commission of Texas website.

Credit Checks and Early Termination Fees

When looking to switch electricity suppliers, it is important to keep in mind that most require a credit check as part of the enrollment process. This helps them determine if they need to charge a deposit. If you have credit issues you will most likely be required to pay a deposit. Check out our article on no deposit electricity if you think you need a no deposit no credit check plan.

Early termination fees (ETFs) are another crucial factor when considering changing your energy provider. ETFs apply when you end your contract before its term is over; these fees can range from $50 up to several hundred dollars depending on the plan and provider. 

To avoid unexpected costs, always read the EFL carefully to check for early termination fees associated with an electricity plan.

When selecting an electric provider in Texas, it is important to understand the regulations of the Public Utility Commission of Texas and any fees associated with your new electricity plan. Now, let's examine ways to reduce your electricity costs in Texas.

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Texans have the freedom to choose their electricity provider from a range of retail electric providers (REPs) in the deregulated energy market. 

It's important to review each electricity plan’s  Electricity Facts Label (EFL), be aware of Public Utility Commission of Texas regulations, and inquire about potential early termination fees associated with an electricity plan before switching providers.

Lowering Your Energy Bill in Texas

In this section I will provide tips on understanding your usage, comparing rates and contract lengths, and switching to a new plan or provider to lower your energy bill in Texas.

Understanding Your Usage

To get the most out of your electricity bill, I recommend gaining insight into your energy consumption habits first. Monitor appliances that use the most energy such as air conditioners, heaters, refrigerators, and electronics.  Air conditioners are the biggest electricity users in most Texas homes. 

By analyzing how much energy you consume daily or monthly, you can identify areas where you can cut back or make adjustments for better efficiency.

Some tips to lower your energy usage include the following:

  • Upgrade your utilities.
  • Unplug devices when not in use to prevent standby power consumption.
  • Install a programmable thermostat for more efficient heating and cooling management.
  • Consider investing in solar panels or other renewable energy sources for long-term savings on electricity costs.

Comparing Rates and Contract Lengths

Finding the best deal on electricity rates requires some research into different plans offered by various retail electric providers (REPs). In my experience, I have found it helpful to examine not just the advertised kWh rate but also any other fees related to each plan before settling on one. 

It’s also important to pay attention to contract length; longer contracts might lock you into lower rates but could also come with hefty early termination fees if you decide to switch providers before the contract ends.

Use online resources like Vault Electricity to compare rates and plans from various REPs in your area. Make sure to check for any hidden fees that might affect your overall costs.

Switching to a New Plan or Electricity Company

If you find a more suitable plan or provider, switching can lead to significant savings on your energy bill. But before making the change, review the terms of your current electricity contract for ETFs. 

Contact your new provider with any questions about transfer fees, and timeline expectations.

Bright Bulb Moment 💡

To lower your energy bill in Texas, you should understand your usage, compare rates and contract lengths from various retail electric providers (REPs), and switch to a new plan or provider.

You can monitor appliances that use the most energy, unplug devices when not in use and install a programmable thermostat for efficient heating/cooling management.

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Resources for Texans Seeking the Cheapest Electricity Rates

Finding the best electricity rates in Texas can be a daunting task, so I’ve compiled several resources to help you make an informed decision. This section will provide information on the resources available to aid your search for the most cost-effective energy plan.

U.S Energy Information Administration (EIA) Data

The EIA's data can be used to compare Texas electricity rates with the national average so you can see how competitive local providers are.

Oncor, ERCOT, TDU, GEXA, TXU Energy, Centerpoint and Lone Star State Resources

  • Oncor: As one of the largest utility companies in Texas, Oncor offers information about its service area as well as tips on saving energy at home.  Oncor is the TDU that delivers power to the Dallas / Fort Worth areas as well as other parts of the state. 
  • ERCOT: The Electric Reliability Council of Texas (ERCOT) manages the flow of electric power throughout most of Texas's deregulated market and provides useful data on wholesale electricity prices.
  • Texas Distribution Utilities (TDUs): Different regions have different TDUs responsible for maintaining infrastructure like poles or wires within their respective areas; check your region's specific TDU website for relevant information such as rate changes or power outages.
  • GEXA: As a leading retail electricity provider, GEXA Energy offers competitive rates and various energy plans to suit your needs.
  • TXU Energy: Another popular retail electricity provider in Texas is TXU Energy, which provides multiple plan options and customer incentives like bill credits or rewards programs.  TXU plans are listed right here on Vault Electricity along with plans from other electricity providers.
  • Centerpoint: If you live in the Houston area, you can visit the CenterPoint Energy website for information on their services and tips on saving energy at home.  
  • Lone Star State Resources: The state of Texas also has resources available through its official websites, such as the Public Utility Commission of Texas (PUCT), that provide helpful information about deregulation, choosing an electric provider, consumer rights, and more.

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Common Questions on Deregulation, Power Outages, and Natural Gas

There are numerous online forums where you can find answers to frequently asked questions (FAQs) related to deregulation, power outages, and natural gas usage. Some examples include:

  • Texas Coalition for Affordable Power's (TCAP) Deregulated Electricity FAQ page, which answers common questions about the deregulated electricity market in Texas.
  • The Texas Gas Service website, which offers FAQs related to natural gas usage, safety tips, and energy-saving advice for homeowners.

By utilizing these resources and staying informed about the ever-changing Texas energy market, you'll be better equipped to make smart decisions when it comes to selecting the best electricity plan for your needs.

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Looking for the best electricity rates? We recommend using the Vault Electricity electricity rate comparison tool to make informed decisions. 

Additionally, the U.S Energy Information Administration provides comprehensive data on electricity prices across Texas, while Oncor, ERCOT, TDU, GEXA and TXU Energy offer tips on saving energy at home and various energy plans. 

FAQs related to deregulation, power outages, and natural gas usage are also available online.

Watt Others Are Asking About Texas Electricity Rates

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Texas Electricity Rates By The Numbers

As you can see from the graph below, electricity rates in Texas can fluctuate quite a bit. Scroll down to find up-to-date rates and plans across energy providers.

Electricity Rates for Texas, Houston, and Dallas graph

Oncor Electric Service Area: Dallas, Forth Worth, Tyler, Waco, Wichita Falls, Sherman, Denison, Temple, Killeen, Round Rock, Midland, Odessa, and other cities in North Texas

PlanTermRate
Gexa Energy - Eco Saver Plus 2424 Months12.3¢ per kwh
Express Energy - Flash 1212 Months12.3¢ per kwh
4Change Energy - Maxx Saver Select 2424 Months12.3 per kwh
4Change Energy - Maxx Saver Select 1212 Months12.3¢ per kwh
Express Energy - Flash 2424 Months12.3¢ per kwh
Veteran Energy - Veteran Energy Valor 3636 Months13.5¢ per kwh
BKV Energy - The Lantana 1515 Months13.7¢ per kwh
Veteran Energy - Veteran Energy Valor 2424 Months13.7¢ per kwh
BKV Energy - The Lantana Green 1515 Months13.8¢ per kwh
TRIEAGLE Energy - Sure Value 3636 Months13.9¢ per kwh
TRIEAGLE Energy - Sure Value 1212 Months14.5¢ per kwh
Veteran Energy - Veteran Energy Select 3636 Months15.1¢ per kwh
TXU Energy - Clear Deal 1212 Months15.5¢ per kwh
TRIEAGLE Energy - Savvy Value 3636 Months15.7¢ per kwh
TRIEAGLE Energy - Savvy Value 1212 Months16.3¢ per kwh
TXU Energy - Clear Deal 2424 Months16.5¢ per kwh
TXU Energy - Season Pass 1212 Months16.5¢ per kwh
PayLess Power - 6 Month – Prepaid6 Months18.0¢ per kwh
PayLess Power - 12 Month – Prepaid12 Months18.6¢ per kwh
Gexa Energy - Eco Saver Lite 1212 Months19.1¢ per kwh
TXU Energy - Free Nights & Solar Days 1212 Months19.5¢ per kwh
Gexa Energy - Eco Saver Premium 1212 Months20.3¢ per kwh
Gexa Energy - Eco Saver Premium 2424 Months20.4¢ per kwh

These live rates for the Oncor Electric service area were updated on February 8, 2024 at 3:23 AM CST. The pricing shown is based on an exact usage of 1000 kWh, which is typical for a small home. Oncor service areas include Dallas, Forth Worth, Tyler, Waco, Wichita Falls, Sherman, Denison, Temple, Killeen, Round Rock, Midland, Odessa, and other cities in North Texas.

CenterPoint Energy Service Area: Houston and other areas of South-Southeast Texas

PlanTermRate
Gexa Energy - Eco Saver Plus 2424 Months12.4¢ per kwh
Express Energy - Flash 1212 Months12.4¢ per kwh
4Change Energy - Maxx Saver Select 2424 Months12.4¢ per kwh
4Change Energy - Maxx Saver Select 1212 Months12.4¢ per kwh
Express Energy - Flash 2424 Months12.5¢ per kwh
BKV Energy - The Lantana 1515 Months14.4¢ per kwh
BKV Energy - The Lantana Green 1515 Months14.5¢ per kwh
Veteran Energy - Veteran Energy Valor 3636 Months14.7¢ per kwh
TRIEAGLE Energy - Sure Value 3636 Months14.9¢ per kwh
Veteran Energy - Veteran Energy Valor 2424 Months15.3¢ per kwh
TRIEAGLE Energy - Sure Value 1212 Months15.5¢ per kwh
Veteran Energy - Veteran Energy Select 3636 Months16.2¢ per kwh
TXU Energy - Clear Deal 1212 Months16.5¢ per kwh
TRIEAGLE Energy - Savvy Value 3636 Months16.7¢ per kwh
TRIEAGLE Energy - Savvy Value 1212 Months17.3¢ per kwh
TXU Energy - Clear Deal 2424 Months17.5¢ per kwh
PayLess Power - 6 Month – Prepaid6 Months18.0¢ per kwh
PayLess Power - 12 Month – Prepaid12 Months18.9¢ per kwh
TXU Energy - Season Pass 1212 Months20.5¢ per kwh
Gexa Energy - Eco Saver Lite 1212 Months20.5¢ per kwh
TXU Energy - Free Nights & Solar Days 1212 Months20.5¢ per kwh
Gexa Energy - Eco Saver Premium 1212 Months21.4¢ per kwh
Gexa Energy - Eco Saver Premium 2424 Months21.5¢ per kwh

These live rates for the CenterPoint Energy service area were updated on December 18, 2023 at 3:23 AM CST. The pricing shown is based on an exact usage of 1000 kWh, which is typical for a small home. CenterPoint Energy service areas include Houston and other areas of South-Southeast Texas.

AEP Texas Central Service Area: Victoria, Corpus Christi, McAllen, Laredo, Harlingen, and other areas of South-Southwest Texas

PlanTermRate
Gexa Energy - Eco Saver Plus 2424 Months12.9¢ per kwh
Express Energy - Flash 1212 Months12.9¢ per kwh
4Change Energy - Maxx Saver Select 1212 Months12.9¢ per kwh
4Change Energy - Maxx Saver Select 2424 Months12.9¢ per kwh
Express Energy - Flash 2424 Months12.9¢ per kwh
TRIEAGLE Energy - Sure Value 3636 Months13.9¢ per kwh
Veteran Energy - Veteran Energy Valor 3636 Months14.1¢ per kwh
BKB Energy - The Lantana 1512 Months14.4¢ per kwh
BKB Energy - The Lantana Green 1515 Months14.5¢ per kwh
TRIEAGLE Energy - Sure Value 1212 Months14.5¢ per kwh
Veteran Energy - Veteran Energy Valor 2424 Months14.7¢ per kwh
TRIEAGLE Energy - Savvy Value 3636 Months15.7¢ per kwh
Veteran Energy - Veteran Energy Select 3636 Months15.9¢ per kwh
TXU Energy - Clear Deal 1212 Months15.9¢ per kwh
TRIEAGLE Energy - Savvy Value 1212 Months16.3¢ per kwh
TXU Energy - Clear Deal 2424 Months16.9¢ per kwh
PayLess Power - 6 Month – Prepaid6 Months18.6¢ per kwh
PayLess Power - 12 Month – Prepaid12 Months19.3¢ per kwh
Gexa Energy - Eco Saver Lite 1212 Months19.7¢ per kwh
TXU Energy - Season Pass 1212 Months19.9¢ per kwh
TXU Energy - Free Nights & Solar Days 1212 Months19.9¢ per kwh
Gexa Energy - Eco Saver Premium 1212 Months21.1¢ per kwh
Gexa Energy - Eco Saver Premium 2424 Months21.2¢ per kwh

These live rates for the AEP Texas Central service area were updated on December 18, 2023 at 3:23 AM CST. The pricing shown is based on an exact usage of 1000 kWh, which is typical for a small home. AEP Texas Central service areas include Victoria, Corpus Christi, McAllen, Laredo, Harlingen, and other areas of South-Southwest Texas.

AEP Texas North Service Area: Abilene, San Angelo, Alpine, Vernon, and other areas of North-Northwest Texas

PlanTermRate
Gexa Energy - Eco Saver Plus 2424 Months12.9¢ per kwh
Express Energy - Flash 2424 Months12.9¢ per kwh
4Change Energy - Maxx Saver Select 1212 Months12.9¢ per kwh
4Change Energy - Maxx Saver Select 2424 Months12.9¢ per kwh
Veteran Energy - Veteran Energy Valor 3636 Months13.1¢ per kwh
Veteran Energy - Veteran Energy Valor 2424 Months14.1¢ per kwh
BKV Energy - The Lantana 1515 Months15.2¢ per kwh
BKV Energy - The Lantana Green 1515 Months15.3¢ per kwh
Veteran Energy - Veteran Energy Select 3636 Months15.4¢ per kwh
TXU Energy - Clear Deal 1212 Months15.9¢ per kwh
TXU Energy - Clear Deal 2424 Months16.9¢ per kwh
PayLess Power - 6 Month – Prepaid6 Months19.1¢ per kwh
Gexa Energy - Eco Saver Lite 1212 Months19.6¢ per kwh
PayLess Power - 12 Month – Prepaid12 Months19.8¢ per kwh
TXU Energy - Season Pass 1212 Months19.9¢ per kwh
TXU Energy - Free Nights & Solar Days 1212 Months19.9¢ per kwh
Gexa Energy - Eco Saver Premium 1212 Months20.9¢ per kwh
Gexa Energy - Eco Saver Premium 2424 Months21.0¢ per kwh

These live rates for the AEP Texas North service area were updated on December 18, 2023 at 3:23 AM CST. The pricing shown is based on an exact usage of 1000 kWh, which is typical for a small home. AEP Texas Central service areas include Abilene, San Angelo, Alpine, Vernon, and other areas of North-Northwest Texas.

Texas New Mexico Power (TNMP) Service Area: North-Central Texas, Gulf Coat Texas, and West Texas

PlanTermRate
Express Energy - Flash 2424 Months14.3¢ per kwh
4Change Energy - Maxx Saver Select 2424 Months14.3¢ per kwh
4Change Energy - Maxx Saver Select 1212 Months14.3¢ per kwh
Gexa Energy - Eco Saver Plus 2424 Months14.4¢ per kwh
BKB Energy - The Lantana 1515 Months15.2¢ per kwh
BKB Energy - The Lantana Green 1515 Months15.3¢ per kwh
Veteran Energy - Veteran Energy Valor 3636 Months15.4¢ per kwh
Veteran Energy - Veteran Energy Valor 2424 Months15.5¢ per kwh
TXU Energy - Clear Deal 1212 Months16.9¢ per kwh
Veteran Energy - Veteran Energy Select 3636 Months17.3¢ per kwh
TXU Energy - Clear Deal 2424 Months17.9 ¢ per kwh
TXU Energy - Free Nights & Solar Days 1212 Months20.9¢ per kwh
Gexa Energy - Eco Saver Lite 1212 Months21.1¢ per kwh
Gexa Energy - Eco Saver Premium 2424 Months22.6¢ per kwh

These live rates for the Texas New Mexico Power (TNMP) service area were updated on December 18, 2023 at 3:23 AM CST. The pricing shown is based on an exact usage of 1000 kWh, which is typical for a small home. TNMP service areas include North-Central Texas, Gulf Coat Texas, and West Texas.

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Methodology
When selecting the best companies, we take many factors into consideration. Some factors carry more weight than others. Here are the elements we believe are the most important. They are the first questions we must answer when determining whether or not an electric company meets our standard of excellence.

  • Financial strength
  • Customer service
  • Ease of doing business
  • Hidden fees
  • Diversification of energy plans
  • Best electricity rates