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Texas Electricity Rates

November 2018 Texas Electricity Rate Update

Electricity rates in Texas remained largely unchanged in November. This isn’t surprising.  Electricity rates are often less volatile this time of year.  The average electricity rate across all usage levels (500 kWh, 1000 kWh, and 2000 kWh) was 10.9¢/kWh.  The slightly higher average over October was due mostly to higher average rates for the 500 kWh and 1000 kWh usage rates.  At 2000 kWh the average rate available remained steady at 10.9¢/kWh.

The larger brand name electricity providers such as TXU and Reliant continue to be significantly more expensive than the smaller providers.  This isn’t necessarily always the case, but in recent months TXU and Reliant have had much higher rates than other providers.  This points to the importance of comparing electricity rates rather than relying on tv commercials and name recognition when selecting an electricity provider in Texas.

It is perhaps surprising that electricity rates aren’t going up faster.  Natural gas prices have been spiking.  Recently touching their highest rates in over 4 years.  Although the correlation between natural gas prices and electricity rates in Texas isn’t as tight as it once was, natural gas is still the most important single source fueling Texas power plans.

If natural gas prices continue to rise, it will put more pressure on electricity rates in Texas.  The volatility in natural gas means shorter term plans are not a bargain right now.  For example, the Pollution Free e-Plus Preferred month-to-month plan offered by Green Mountain Energy is priced at 14.8¢/kWh in Houston.

 Texas Electricity Rate Guide November 2018

Texas Location/Size Average Rate Lowest Rate Cheapest Provider
Houston  Apartment (500 kWh) 11.9¢/kWh 10.9¢/kWh Gexa Energy
Houston  Sm Home (1000 kWh) 10.3¢/kWh 9.6¢/kWh Cirro Energy
Houston  Lg Home (2000 kWh) 10.1¢/kWh 9.2¢/kWh Frontier Energy
Dallas  Apartment (500 kWh) 11.1¢/kWh 9.9¢/kWh Gexa Energy
Dallas  Sm Home (1000 kWh) 9.8¢/kWh 9.0¢/kWh Cirro Energy
Dallas  Lg Home (2000 kWh) 9.2¢/kWh 8.1¢/kWh Frontier Energy
Lewisville  Apartment (500 kWh) 13.2¢/kWh 12.8¢/kWh Direct Energy
Lewisville  Sm Home (1000 kWh) 10.6¢/kWh 9.3¢/kWh Cirro Energy
Lewisville  Lg Home (2000 kWh) 9.6¢/kWh 9.0¢/kWh Frontier Energy
Victoria  Apartment (500 kWh) 13.2¢/kWh 12.6¢/kWh Trieagle
Victoria  Sm Home (1000 kWh) 11.0¢/kWh 9.9¢/kWh 4Change Energy
Victoria  Lg Home (2000 kWh) 10.4¢/kWh 9.7¢/kWh Frontier Energy
Abilene  Apartment (500 kWh) 12.5¢/kWh 11.7¢/kWh Trieagle
Abilene  Sm Home (1000 kWh) 10.7¢/kWh 9.8¢/kWh Cirro Energy
Abilene  Lg Home (2000 kWh) 10.3¢/kWh 9.9¢/kWh 4Change Energy

****IMPORTANT***

The rates listed here are a snapshot as of 11/16/2018.  To see current rates in your city use our real time electricity rate comparison tool at the top of the page.

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

November 2018 Texas Electricity Rate Snapshot

Cheapest Electricity Rates

Unfortunately, the great rate Bounce Energy was offering on their 6 month plan has ended.  The cheapest plans in both the Dallas/Fort Worth and Houston areas are currently being offered by Frontier Utilities.  In the Oncor service area (DFW and other parts of Texas) Frontier’s Beat The Heat 12+ plan is currently priced at 8.1¢/kWh for 2000 kWh.  This is about a penny better than the next best 12 month plan.

This plan is not for everybody though.  Frontier has structured the pricing of the plan to be at it’s cheapest at between 1,900 and 2,400 kWh.  If you typically use less electricity than that, your rate will jump substantially with this plan.  For example, at 1000 kWh the rate fort this plan in the Oncor delivery area is 10.6¢ /kWh.  There are a number of plans that are better deals for homes that size.

What is the cheapest electricity provider in my area?

As you can see, shopping for electricity in Texas is a tricky business.  The answer to who has the cheapest electricity rate depends on where you live, how much electricity you use, and how long you want to lock in the rate.  To begin the process, enter your zip code at the top of this page.  We will return the list of electricity plans available in your area.  Make sure to use our filter to select the appropriate usage level for your home or apartment.  Once you select a plan, you can enroll online or over the phone.

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October 2018 Texas Electricity Rate Update

Texas electricity rates have ticked up slightly in October after falling in September following a summer spike in electricity rates.  The average 12 month rate for new electricity plans available in Texas sets at 10.7¢/kWh.  This is up slightly from the 10.6¢/kWh rate in September.

For the Houston area specifically, the average rate is currently 10.8¢/kWh, up slightly from 10.7¢/kWh.  In the Oncor service area which includes Dallas, Fort Worth, Arlington, Irving, and other cities, the average went up to 9.9¢/kWh from 9.6¢/kWh.

For the second straight month however, there are deals to be found by opting for shorter length plans.  The Fantastic Fixed 6 plan from Bounce Energy was already among the cheapest electricity plans available before getting an even lower rate in October.  This 6 month plan is a priced at 8.7¢/kWh in Houston for the 2,000 kWh usage level.

The Gexa Energy Steady Saver 9 plan is a 9 month plan that is also cheaper than most currently available 12 month plans.  It is available for 8.7¢/kWh in the Oncor deliver area.

The average rate available for apartments (500 kWh usage) across the state in October is 12.1¢/kWh with the best rate being the Bounce Energy Easy Fixed 3 plan in the Dallas area. For large homes (2000 kWh usage) the average across Texas is 9.9¢/kWh

Texas Electricity Rate Guide October 2018

 

Texas Location/Size Average Rate Lowest Rate Cheapest Provider
Houston  Apartment (500 kWh) 11.8¢/kWh 10.9¢/kWh Gexa Energy
Houston  Sm Home (1000 kWh) 10.3¢/kWh 9.6¢/kWh Cirro Energy
Houston  Lg Home (2000 kWh) 10.1¢/kWh 9.4¢/kWh Frontier Utilities
Dallas  Apartment (500 kWh) 10.8¢/kWh 10.0¢/kWh Gexa Energy
Dallas  Sm Home (1000 kWh) 9.6¢/kWh 9.0¢/kWh Cirro Energy
Dallas  Lg Home (2000 kWh) 9.3¢/kWh 8.2¢/kWh Frontier Utilities
Lewisville  Apartment (500 kWh) 12.7¢/kWh 12.3¢/kWh Direct Energy
Lewisville  Sm Home (1000 kWh) 10.1¢/kWh 9.3¢/kWh Cirro Energy
Lewisville  Lg Home (2000 kWh) 9.7¢/kWh 9.0¢/kWh Frontier Utilities
Victoria  Apartment (500 kWh) 12.8¢/kWh 12.2¢/kWh Trieagle
Victoria  Sm Home (1000 kWh) 10.8¢/kWh 9.9¢/kWh 4Change Energy
Victoria  Lg Home (2000 kWh) 10.4¢/kWh 9.7¢/kWh Frontier Utilities
Abilene  Apartment (500 kWh) 12.1¢/kWh 11.4¢/kWh Trieagle
Abilene  Sm Home (1000 kWh) 10.3¢/kWh 9.8¢/kWh Cirro Energy
Abilene  Lg Home (2000 kWh) 10.2¢/kWh 9.9¢/kWh 4Change Energy

****IMPORTANT***

The rates listed here are a snapshot as of 10/8/2018.  To see current rates in your city use our real time electricity rate comparison tool at the top of the page.

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

 October 2018 Texas Electricity Rate Snapshot

Cheapest Electricity Rates

The cheapest electricity plan currently available in Texas is the Bounce Energy Easy Fixed 3.  This is a 3 month plan.  In Dallas this plan is priced at a rate of 8.2¢/kWh for the 1000 kWh usage level.  This is compared to the cheapest 12 month plan available which is the Smart Value 12 Online plan offered by Cirro energy.

Interestingly, the Easy Fixed 3 is the lowest rate plan across all three of the standard usage levels – 500 kWh, 1000 kWh, and 2000 kWh.  This is unusual as plans are normally crafted to target their best rate for the 1000 or 2000 kWh usage levels.  This plan has no tiers or bill credits.  Aside from the standard pass through charges that are included on all Texas electricity plans, the Easy Fixed 3 plan only includes an additional energy charge and a $4.95 per month base charge.

What is the cheapest electricity provider in my area?

Electricity rates very throughout the state of Texas.  To find a complete list of electricity 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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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.