It’s now easier than ever to find cheap rates from the best electric companies in Texas. Because Texas is now a deregulated electricity state, there are numerous electric companies to choose from. While many of the electric companies are top notch, there are others that simply don’t make the grade.
Fortunately, VaultElectricity.com has weeded out the weak providers. We only show the best plans from the top electric companies. You can be confident that when you compare electricity rates on our site you are only seeing high-quality plans from the top companies.
What You Need To Know When Comparing Electric Companies
The most important thing to know when shopping for a new electric company is how to weed out the undesirable energy providers. There are dozens of electric companies fighting for your business. Some of them use shady tactics to trick you into switching to their plans. Others try to hide how close they are to going bankrupt.
Luckily, you have decided to use VaultElectricity.com to choose an electric company. We have already done the work of weeding out the unscrupulous and weak electricity providers. You can rest assured we only show electricity plans from the best electricity companies in the marketplace.
How to Find the Cheapest Electric Company
To find the cheapest electric company, simply enter your zip code at the top of the page. You will then be taken your city’s page. There you will find the electricity plans available in your area. The cheapest electricity rate will be listed first. You can scroll down to see all of the electric company offerings. Make sure you select the type of home you have.
If you have other criteria you are looking for in an electric company, you can filter for it. For example, if you want a plan that uses 100% renewable energy, use the drop-down box to filter out the non-green energy plans. If you want to see the plans available for military families, you can filter for that, too.
Examples of Cheap Electricity Rates in Texas
Criteria for Determining the Best Electric Companies
When selecting the best electric companies, we take many factors under consideration. Obviously, 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.
The financial strength of the electric company is a very important factor. In fact, it’s the first element we take into account when deciding whether or not to allow an electric company post offers on our site. If the company has a risky survival outlook, we turn them down flat. It is shocking how many electric companies we have turned down. We are proud of the fact that we have never placed a single person with a company that suddenly shut down.
Customer service is another top determining factor. If the electric company has a history of poor customer service, we do not want to do business with them. Why would we? If our clients are not happy with the electric company they chose on our site, they won’t be happy with us. Because so much of our business is from repeat customers, our customer satisfaction is very important to us.
Ease of Doing Business
Electric companies can differentiate themselves by making it easy for their customers to do business with them. Having a call center that is available in the evenings and on the weekends is a huge benefit for the customers. Being able to pay in numerous ways is always a hit. Having the ability to go paperless is also welcomed. Having access to your account via a phone means you are always in control of your account.
No one likes to get slapped with unnecessary fees. Many of the lower-tiered electric companies charge for everything under the sun. Why would someone want to do business with a company that “nickels and dimes” them at every turn? VaultElectricity.com believes the only charges a customer in good standing should ever be asked to pay are the standard electricity usage fees that are clearly spelled out at the time of enrollment. Period, no exceptions.
Diversification of Plans
Because there is no “one size fits all” when it comes to electricity plans, quality electric companies need to have multiple plans to choose from. There needs to be plans that are appropriate for different sized homes. After all, a one-bedroom apartments will use much less electricity than a large multi-storied house. So, there should be plans targeted for those expected usage levels. There should also be plans with different term lengths, from month-to-month to multiyear.
If the electric company does not have cheap electricity rates, you probably will not find them on the list. After all, you found us because you are looking to save money on your electric bill. There are two exceptions to this, however. Firstly, if they have unique plans or philosophies (such as green energy or philanthropic offerings), we would look past the rate and still potentially list their plans. And secondly, we understand that occasionally the electric companies will need to price themselves out of the marketplace for a short amount of time. We allow for this, as long as it’s not a permanent change.
The Best Electric Companies in Texas
4Change Energy has 10 years of experience as an electric company in Texas. They were founded with the goal of helping the local community, and they have certainly met that goal. Known as the “electric company with heart,” they donate 4% of their earnings to charity. When you begin new service with 4Change, you get to choose which charity you wish to contribute to.
4Change has a great history of positive customer satisfaction. Without fail, they stand behind their 100% satisfaction guaranty. More than any other electric company, they go to great lengths to make sure their customers are happy with the service they receive.
Direct Energy is one of the largest electric companies, with operations in all 50 states and in Canada.
Direct Energy takes an usual approach to their customer acquisition in Texas. At times, their rates are very competitive. But at other times, they purposefully price themselves out of the market. The periods of high rates can last for several months. They will then suddenly flip the switch again and drop their rates to entice new customers.
Direct has recently been purchasing competing electricity brands, as well as HVAC and electrical service companies.
Gexa Energy has taken plan diversification to a a whole new level. They have targeted-usage plans, tiered plans, 100% renewable energy plans, and flat rate plans. If there is a certain type of electricity plan you are looking for, Gexa will probably have several to choose from.
In case you get started with a plan that doesn’t work out for you, they have a 60-Day Happiness Guarantee. You can use that to switch to a different plan without having to pay a penalty.
TriEagle Energy has been providing electricity to Texas consumers for more than a decade. As their customer satisfaction scores show, they know how to deliver what their customers are wanting.
TriEagle was one of the first electric companies to actively market smart thermostats to their clientele. The thermostats have helped the customers lessen their overall electricity usage. Lower electric bills means happy customers. Well done, TriEagle.
Green Mountain Energy
Green Mountain Energy has been in the Texas electricity marketplace for almost 20 years. As the only 100% green electric company operating in the state, GME is in a class of its own.
Founded in Vermont (The Green Mountain State, of course!), they relocated their headquarters to Austin, Texas in 2000. Since then, they have been a driving force in changing the way we go about using renewable energy in our daily lives.
Reliant Energy also has long-time ties to Texas. Before deregulation Reliant was the sole provider of electricity to Houston. Like TXU in Dallas, Reliant has the best name-recognition in the Houston area. Reliant wants to keep that status, so they have their advertising campaigns going full throttle. Now that they are owned by NRG, they have a larger budget to use for the publicity push. NRG is one of the largest electricity providers in North America, so their pockets are deep.
TXU Energy is one of the oldest electric companies in the state. For over 100 years, TXU has been providing electricity to Texas, so it’s no wonder they have one of the most recognized brand names in the industry.
Before deregulation, TXU was the only electricity provider in the Dallas area. In fact, we occasionally come across people that think that is still the case.
TXU was the first electric company in the state to market an electricity plan that claimed to offer free electricity during the evening hours. The TXU Free Nights and Weekends Plan is still be touted in television ads. Initially, quite a few consumers gave it a shot. Interest in the product has waned in recent years.
Cirro Energy has been active in Texas ever since the state deregulated in 2002. Although they were purchased by NRG in 2014, they have been able to keep their brand separate from the fleet of other electric company brands NRG as acquired.
They have quite an assortment of plans. They offer terms from month-to-month to three years, and they have fixed and variable rate plans. Cirro also has bill credit plans, as well as 100% green energy plans.
Payless Power is a highly rated prepaid electric company. They have been offering no-deposit electricity in Texas for over ten years. They have plans to offer traditional post-paid electricity, but as of now they are strictly a prepaid electric company.
Their customers love them. More than any other electric company, Payless gives their customers many account-tracking tools. From your phone or computer, you can log in to your account and see how much electricity you have used and how much money is currently in your account. You can add money the same way, or through a number of physical locations.
Frontier Utilities also has over ten years of experience in Texas. The way they have separated themselves from the other electric companies is by offerring plans with very narrow usage targets. Due to this strategy, Frontier has a large number of plans to choose from.
While these plans can work for a household with electricity usage that stays constant 12 months a year, not many families have such consistant usage numbers. The exceptions to that generalization are homes with very low usage (under 500 kWh per month), and homes that never use less than 2000 kWh. In these cases, the plans can be very beneficial.
First Choice Power
|Electric Company||Phone Number||Most Popular Electricity Plan|
|4Change Energy||855-550-6662||Free Energy 12|
|Direct Energy||855-307-6922||Veteran & Active Military 12|
|Gexa Energy||855-639-8259||Saver Supreme 36|
|TriEagle Energy||844-681-3227||Eagle 36|
|Green Mountain Energy||844-634-6092||Pollution Free e+ 24 Preferred|
|Reliant Energy||855-632-7028||Reliant Clear Flex|
|TXU Energy||877-283-0650||Clear Deal 12|
|Cirro Energy||844-417-7174||Smart Value 12 Online|
|Payless Power||855-564-1181||SmarTricity Flex Saver|
|Frontier Utilities||877-391-1587||Light Saver 12+|
|Discount Power||214-446-2210||12 Month Plan|
|First Choice Power||888-980-6898||You Got This 24|
Frequently Asked Questions
There are many retail electricity providers that off service in the deregulated areas of the state. Texas is a very competitive marketplace for electricity. This works to the benefit of consumers. Electric companies are constantly competing with each other to offer not only the cheapest rates but the most innovative products. Use our electricity rate comparison tool to see up to the minute rates in your city.
Most people in Texas have the option to shop for electricity and choose a provider and an electric plan that fits their budget and lifestyle. Enter your zip code above to see rates in your area.
Both TXU and Reliant are among the oldest and largest electric companies in Texas. They both enjoy a high level of name recognition and brand loyalty. People who grew up in the Dallas/Fort Worth area are more familiar with the TXU name. Many older residents think of TXU as THE electric company. The same can be said for Reliant in the Houston area.
Both of these companies tend to compete on name recognition and product innovation rater than trying to offer the cheapest rates. For example, TXU was the first company to offer Free Nights electric plans and they have developed many more similar electric plans since then.
Rates change often. To see how TXU and Reliant compare to other electric companies offering service in your area, enter your zip code into the search box at the top of this page for a complete list of electricity plans offered in your area.
No, you do not. The switch over to the new electric company is automatic and seamless.
Yes, they do. Because every electric meter in Texas is a digital smart meter, service can be switched to the new provider in real-time.
This is a normal strategy used by the electric companies. The cheapest plans they offer are almost always used to gather new customers. Because of this, they are only available to “new customers.” You would think the electric company would be eager to keep their existing customers, but evidently not. It’s not a strategy we would use in a business, but that’s how the market is playing out now.