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Find better Texas electricity rate plans in a snap

Just because everything’s bigger in Texas doesn’t mean your electric bills should be. If you’re on the hunt for the lowest electricity rates in Texas, Price To Compare makes it faster and easier than ever. Simply enter your zip code, choose your utility company and access the top electricity plans available in your area. From start to finish, the signup process takes less than five minutes – so what are you waiting for? Find a better electricity rate near you today.

Price To Compare makes it easy for Texans to compare energy rates and make the smartest choice for their homes. Own a business, too? You can get a free quote on commercial energy rates and keep the bottom line low on your electricity or natural gas bill.

Average Price of Residential Electricity Rates in Texas:

With the most competitive rates on the market, 90% of Texas residents are serviced through a deregulated energy market. Since 2002, most Texans gained the power to choose a Retail Electric Provider (REP). This has pros and cons for the Lone Star state. It means sorting through energy providers is complicated and overwhelming. We’re here to simplify things.

With our easy-to-use energy marketplace, you can find and compare electricity rates in Texas quickly, so you can switch electricity providers in less than 5 minutes! Search your zip code here.

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Pro Tip:

Have your current electric or natural gas bill handy to compare suppliers and rates.

Leaf icon Green Energy Options


Compare the Top Green Energy Plans in Texas

Texas has one of the most abundant supplies of renewable resources in the United States – and we’re here to help you find the best green energy prices on the market.

Price To Compare can connect you to highly competitive renewable energy plans across the state of Texas. Power your home while supporting local eco-friendly electricity initiatives in just a few clicks.

Ready to switch?

Explore local supplier rates today:

Factory icon Suppliers and Utilities

Texas Electric Suppliers

Did you know there are more suppliers in Texas than anywhere else in the US due to the deregulated energy market? Also called energy providers, they’re responsible for either generating or purchasing electricity before selling it to you. Here are some of the most popular ones.

Constellation logo

Constellation

Constellation is a national supplier of electric power and natural gas. It is a subsidiary of Exelon that services approximately 2 million residential, public sector, and business customers.
Headquarters: Baltimore, MD
Founded In: 1999
Contact: 1-855-797-5685
Direct Energy logo

Direct Energy

Direct Energy supplies electric power and natural gas to four million customers across the U.S. and most of Canada. It was originally founded in Toronto, Canada, but is now headquartered in Houston, Texas.
Headquarters: Houston, TX
Founded In: 1986
Contact: 1-855-461-1926
Tomorrow Energy logo

Tomorrow Energy

Tomorrow Energy is a Houston-based retail provider of electricity and natural gas. It operates in Illinois, Maryland, Ohio, New Jersey, New York, and Pennsylvania. It was originally founded in 2011 as Sperian Energy Corporation, but rebranded in 2018 to Tomorrow Energy.
Headquarters: Houston, TX
Founded In: 2011
Contact: 1-888-682-8082

Texas Utility Companies

Now don’t get confused. Your energy provider and utility company are two different things. Texas utility companies are responsible for managing and distributing the energy produced by suppliers.

For instance, the utility company must ensure the power reaches your home by installing and maintaining electricity and natural gas lines. They’re also in charge of responding to power outages.

There are four major utility companies that service Texas. Unlike suppliers, utility companies are dictated by location, not choice. Which one services your home?

AEP Texas logo

AEP Texas

AEP Texas, a unit of American Electric Power, delivers electricity to over 1 million homes, businesses and industries in south and west Texas.
Headquarters: Corpus Christi, TX
Founded In: 1906
Contact: 1-877-373-4858
Center Point Energy logo

CenterPoint Energy

Centerpoint Energy is a Houston-based electric and natural gas delivery company that services around 2.2 million customers in the Houston area. It also services the states of Arkansas, Oklahoma, Ohio, Mississippi, Minnesota, Louisiana, and Indiana.
Headquarters: Houston, Texas
Founded In: 1882
Contact: 1-800-334-7661
Oncor Logo

ONCOR

Oncor is the largest transmission and distribution electric utility in the state of Texas. It delivers electricity to over 10 million citizens in 420 cities and 120 counties throughout the Lone Star state.
Headquarters: Dallas, TX
Founded In: 2007
Contact: 1-888-313-6862
Texas New Mexico Power logo

TNMP

Texas-New Mexico Power Company (TNMP) is an electric distribution company that delivers electricity to over 255,000 homes and businesses in North-Central, Gulf Coast, and West Texas. While the company used to deliver electricity to New Mexico, as of 2006, it serves only the state of Texas.
Headquarters: Lewisville, TX
Founded In: 1925
Contact: 1-888-866-7456
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Pro Tip:

Always call your utility company rather than your energy provider in a power emergency.

Types of Energy Plans

Plans can vary in contract length, rate type, and energy source. So let’s walk through the different options available and find the one that’s right for you.

Fixed Rate Plans

Featuring fixed electric rates determined by a contract, your rate will remain consistent regardless of the current electric rate. While the wholesale cost of electricity varies, these plans help keep your budget predictable and affordable, giving you the energy security you need.

Variable-Rate Plans

These rates are determined by the current state of the energy market. You get a cheaper rate when energy is abundant but pay higher rates in times of high demand or low production. These plans offer the flexibility of no contract but are high in risk.

Pre-Paid Plans

Using a smart meter, the customer pays in advance. Then the provider adjusts the account as the energy is used. When the balance runs low, the consumer adds additional funds to an online account and no contract is required.

Green Energy Plans

With a consistent western wind and long sunny days, this great state has one of the most abundant supplies of renewable resources in the United States. In fact, Texas produces more wind power than any other U.S. State and is only 5th in solar production! This makes opting for green energy an excellent way to go.

And we’re here to help you find the best prices available. Price To Compare can match you with competitive renewable energy plans so you can power your home, help the environment, and support eco-friendly electric initiatives at the same time.

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Pro Tip:

Before changing energy suppliers, you need your current electric or natural gas bill, and you need to know the utility company responsible for your area.

Understanding Your Electric Fact Label (EFL)

Your EFL is a document you can use to help compare electricity rates in Texas and make the best decision for your home. It’s similar to a food label, offering a standard format for sharing energy information with consumers, like yourself.

While your EFL sheet might not seem like it’s worth a close read, the opposite in true. To avoid an alarming electricity bill after signing up, you want to make sure you thoroughly review your EFL before making a commitment. Here’s a breakdown of how to read it.

➤ Electricity Price: Reflects all prices billed to a customer, including generation, transmission, distribution, fuel and customer service. Cost is presented in cents per kilowatt-hour (kWh). Electrical usage levels shown represent average usage amounts for residential customers. Read your current electric bill to see your monthly usage.

➤ Contract: Shows the minimum term of the contract in months.

➤ Source of Generation: Identifies source of electricity offered by the REP. Columns compare the specific REP to statewide electric generation.

➤ Emissions: Shares type and percentage of emissions released during production. Columns compare the specific REP to average emissions statewide.

Pro Tip:

Review all aspects of the EFL before signing up, with special attention to price per kilowatt-hour, early termination fees, % renewable energy sourcing, and other unexpected charges. Need more insights? Read the Public Utility Commission of Texas Electricity Fact Label Guide.

Not sure where to begin? Price to Compare Can Help.

We’ve been in this industry for over a decade and have one of the largest national networks of commercial energy suppliers. Keeping your home or business bright, comfortable, and functioning smoothly should be easy.

Let Price to Compare eliminate the complications and dig through the details for you. If you’re not sure where to start, contact one of our experienced Energy Consultants today!

Frequently Asked Questions

Q: What is energy deregulation in Texas?

A: Energy deregulation eliminates the monopoly a utility had over energy generation, distribution, and delivery. Instead, energy suppliers compete in a free market overseen by state regulators.

Q: How does energy deregulation in Texas benefit homeowners?

A: Texas energy deregulation allows retail energy suppliers (REPs) to compete for your business. They may compete on price, contract term, early termination fees, usage plans, and other variables.

Q: Is Texas the only state with fully deregulated electricity?

A: No. Nearly thirty other states and the District of Columbia have deregulated electricity. However, all of the other deregulated states are in the Northeast and Midwest. While deregulated electricity is available in most Texas cities, there are exceptions, like Austin and Amarillo, for example.

Q: How does energy deregulation work in Texas?

A: Energy deregulation allows consumers to choose from a number of competing retail energy providers (REPs). A large percentage of Texas consumers have access to deregulated energy.

Q: What is a Retail Electric Provider (REP)?

A: A Retail Energy Provider (REP) supplies electricity and/or natural gas to residential and commercial customers. In deregulated areas, REPs compete for your business.

Q: Is natural gas deregulated for residential customers in Texas?

A: No. While residential energy consumers can take advantage of deregulated electricity. In Texas, deregulated natural gas is only available to larger commercial customers.

Q: What is the average price of residential electricity in Texas?

A: In October 2023, the average price of Texas residential electricity was 14.71 cents per kWh, according to the U.S. Energy Information Administration. .

Q: Does the average price of residential electricity in Texas change regularly?

A: Yes, rates change daily. Accordingly, energy consumers often look for plans that address widely fluctuating rates.

Q: Are there any advantages to choosing a Texas green energy plan?

A: Yes. Energy consumers who want to reduce their carbon footprint will want to consider a green energy plan that delivers electricity from renewable sources.

Q: How can I find the best electricity rates in Texas?

A: Use Price to Compare to determine the best Texas electricity rates that align with your unique usage patterns.

Q: Can Price To Compare help me find competitive renewable energy plans in Texas?

A: Yes. Price to Compare helps you find competitive energy plans in an efficient, time saving manner. Find the best electricity prices in Texas by entering your zip code here.

Q: What is an Electric Fact Label (EFL)?

A: An EFL is part of your Texas electricity contract. It includes your rate per kWh, monthly base charge, and delivery charges. It also notes the type of plan (fixed, variable, or index), the length of your contract, and an early termination fee, if any. The EFL will also note the source of the electricity and the emissions released during its production.