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September 2018 Texas Electricity Rates Update

September 2018 Texas Electricity Rates Update

Texas electricity rates are on their way down again.  After a summer spike, electricity rates across Texas have fallen.  Utility officials were concerned about having enough electricity to meet peak summer demand.  This resulted in electricity providers increasing the rates on their fixed rate plans in anticipation of higher wholesale electricity prices.

Now that summer is over and the feared power shortages never materialized, Texas electricity rates are back down.  Now is a great time to lock in a great rate if you are not under contract.

For example, Bounce Energy has a 6 month plan for just 8.4¢/kWh in the DFW area (9.2¢ in Houston area).  If you have a larger home, Frontier has a plan targeted for the 2,000 kWh usage rate at just 7.3¢/kWh.

The average electricity rate for a 12 month plan at the 2000 kWh usage rate stands at 9.9¢/kWh for the Houston area.  In the DFW area the average rate is 9.1¢/kWh.  This is down from the peak average in August 2018.  Certain shorter term electricity rate plans have lower rates.

Texas Electricity Rate Guide September 2018

Texas Location/Size Average Rate Lowest Rate Cheapest Provider
Houston  Apartment (500 kWh) 11.7¢/kWh 10.9¢/kWh Gexa Energy
Houston  Sm Home (1000 kWh) 10.3¢/kWh 9.6¢/kWh Cirro Energy
Houston  Lg Home (2000 kWh) 9.9¢/kWh 8.5¢/kWh Frontier Utilities
Dallas  Apartment (500 kWh) 10.6¢/kWh 10.0¢/kWh Gexa Energy
Dallas  Sm Home (1000 kWh) 9.0¢/kWh 6.9¢/kWh Pennywise Power
Dallas  Lg Home (2000 kWh) 9.1¢/kWh 7.3¢/kWh Frontier Utilities
Lewisville  Apartment (500 kWh) 12.4¢/kWh 12.1¢/kWh Champion Energy
Lewisville  Sm Home (1000 kWh) 10.1¢/kWh 9.3¢/kWh Cirro Energy
Lewisville  Lg Home (2000 kWh) 9.5¢/kWh 8.1¢/kWh Frontier Utilities
Victoria  Apartment (500 kWh) 12.8¢/kWh 12.0¢/kWh Trieagle Energy
Victoria  Sm Home (1000 kWh) 10.8¢/kWh 9.9¢/kWh 4Change Energy
Victoria  Lg Home (2000 kWh) 10.3¢/kWh 9.1¢/kWh Frontier Utilities
Abilene  Apartment (500 kWh) 12.2¢/kWh 11.3¢/kWh Trieagle Energy
Abilene  Sm Home (1000 kWh) 10.3¢/kWh 9.8¢/kWh Cirro Energy
Abilene  Lg Home (2000 kWh) 10.0¢/kWh 9.7¢/kWh Direct Energy

 

****IMPORTANT***

The rates listed here are a snapshot as of 9/14/2018.  To see current rates in your city use our real time electricity rate comparison tool at the top of this page.

Rates listed in table are for 12 month plans.  Rates will be different for longer or shorter duration plans.

Texas Electricity Rates - September 2018  

Cheapest Electricity Rates

The lowest rate electricity plans currently include the Bounce Fantastic 6 Plan.  This is a straightforward plan with a simple pricing structure that is unlikely to lead to surprises in your electric bill.

For smaller homes that use around 1,000 kWh per month, the Pennywise Power Wise Buy Conserve Plus 12 plan priced at a very attractive 6.9¢/kWh in the Oncor deliver area that includes Arlington, Grand Prairie and several other Texas cities.

For apartments that use around 500 kWh, the cheapest electricity rate going is the Fantastic Fixed 6 plan at  9.7¢/kWh

What is the cheapest electricity provider in my area?

Electricity rates very throughout the state of Texas.  To find a complete list of electric companies and plans in your area, enter your zip code above.   When you find the plan that is right for you, you can enroll right here online or over the phone.

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