Compare Average Electric Rates in Texas

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Comparing Electric Rates? Get the Best in Texas.

Comparing electric rates across regions, states, and even municipalities can feel a bit like comparing apples to oranges. That’s why we’ve put together this handy-dandy webpage: To help you understand electric rates a little better and get the right energy plan for your Texas home.

Compare Texas Rates

How Are Electric Rates Calculated?

Electric rates change frequently, which can be frustrating for consumers looking to predict costs and effectively manage their budgets. What’s more, there’s no tried-and-true method for determining rates. There are, however, some basic factors most electric companies use when calculating rates. Here are the five most important:

1. Fuel

The cost of fuel varies wildly from season to season and is correlated with spikes in pricing during moments of high demand like hot summer days. As you might suspect, these fluctuations can affect your electric rate a lot.

2. Maintenance

Both utility plants and Transmission and Distribution Service Providers (TDSPs) have their own construction, maintenance, and operating costs. These costs may include required repairs that occur because of accidents or natural disasters, which can then affect your rate.

3. Weather

Changing weather conditions can affect your rate, too. Irregular or severe temperatures often up the demand for electricity by either adversely affecting wind power or hydropower production, or pushing demand through the roof in times of extreme heat.

4. Deregulated Energy

In Texas, you have the power to choose your electric company, which means you have a little more say over your rate. Access to a lot of different electric companies can drive down rates significantly.

5. Type of Service

Finally, it’s important to note that electric rates also vary based on your type of service. Commercial electric prices are typically lower because electric companies are better able to predict their own expenses and pass on savings when buying from utility plants in bulk.

Because electric rates tend to fluctuate, it’s a good idea to shop around for a company that offers a competitive, fixed rate. This can help you stabilize your monthly electric bill, predict expenses, and manage your budget. It also protects you from sudden rate hikes.

Now that you have a better idea about how electric rates work and what the average is in your Texas town, it’s important to know that your electric rate is just one part of your monthly bill. With deposits, TDSP fees, and sales tax, there’s a lot to consider. To simplify, we’ve put together a complete breakdown—including monthly bill averages—here.

How Are Electric Rates Calculated?

Electric rates change frequently, which can be frustrating for consumers looking to predict costs and effectively manage their budgets. What’s more, there’s no tried-and-true method for determining rates. There are, however, some basic factors most electric companies use when calculating rates. Here are the five most important:

Fuel

1. Fuel

Expand Collapse

The cost of fuel varies wildly from season to season and is correlated with spikes in pricing during moments of high demand like hot summer days. As you might suspect, utility plants often take advantage of this.

Maintenance

2. Maintenance

Expand Collapse

Both utility plants and Transmission and Distribution Service Providers (TDSPs) have their own construction, maintenance, and operating costs. These costs may include required repairs that occur because of accidents or natural disasters, which can then affect your rate.

Weather

3. Weather

Expand Collapse

Changing weather conditions can affect your rate, too. Irregular or severe temperatures often up the demand for electricity by either adversely affecting wind power or hydropower production, or pushing demand through the roof in times of extreme heat.

Deregulated energy

4. Deregulated Energy

Expand Collapse

In Texas, you have the power to choose your electric company, which means you have a little more say over your rate. Access to a lot of different electric companies can drive down rates significantly.

Service

5. Type of Service

Expand Collapse

Finally, it’s important to note that electric rates also vary based on your type of service. Commercial electric prices are typically lower because electric companies are better able to predict their own expenses and pass on savings when buying from utility plants in bulk.

Because electric rates tend to fluctuate, it’s a good idea to shop around for a company that offers a competitive, fixed rate. This can help you stabilize your monthly electric bill, predict expenses, and manage your budget. It also protects you from sudden rate hikes.

Now that you have a better idea about how electric rates work and what the average is in your Texas town, it’s important to know that your electric rate is just one part of your monthly bill. With deposits, TDSP fees, and sales tax, there’s a lot to consider. To simplify, we’ve put together a complete breakdown—including monthly bill averages—here.

Pay Less Upfront for Your Electricity

  • No deposit No deposit No-Deposit Electricity
  • Prepaid Prepaid Prepaid Electricity
  • Month to Month Month to Month Month-to-Month

Qualify Today for No-Deposit Electricity

No Deposit No Deposit

Are you constantly looking for good deals? If you’re a bargain hunter, you should be about no-deposit electricity.

First thing’s first—no-deposit electricity isn’t a given. Did you know that, depending on your credit and payment history, your electric company can require you to pay a deposit? That’s right. Don’t worry though, if you don’t qualify for no-deposit electricity but still have good to fair credit, you may be eligible for a deposit payment plan.

With our EZ Access program, most of our customers who don’t qualify for no-deposit electricity get a reasonable payment plan split over two or three bills. Talk to one of our agents today to see if you qualify and get your lights turned on today.2

Avoid Credit Checks with Prepaid Electricity

No Deposit No Deposit

Are you the type who likes to keep things simple? Does a month-to-month contract and no credit check appeal to you? If you answered yes to any of these questions, prepaid electricity may be the right option for you.

Sometimes the last thing you want to worry about is a pesky long-term contract. If you’re frequently on the move, prepaid energy can help you avoid cancellation fees and other unnecessary penalties, saving you money in the long term.

Keep in mind, however, if you do choose prepaid electricity, you’ll be asked to pay for all your estimated expenses upfront. Still make sense for your lifestyle? Talk to one of our agents before 2pm CT and get your power turned on today.

Avoid Credit Checks with Prepaid Electricity

No Deposit No Deposit

Do you live life moment-to-moment? Do you move a lot for work or family reasons? Whether you’re fixing to move or not, you probably don’t have time to stress over an inconvenient utility contract.

Getting month-to-month electricity means no cancellation fees or other hidden charges, helping you save cash over the long haul if you have to move in a hurry or want to avoid standard contract lengths that typically range from 12 to 36 months.

Not only that, but pay-as-you-go electricity allows you to add more funds to your Amigo Energy account when it’s convenient for you. Talk to an agent before 2pm CT today to set up month-to-month electricity for your mobile lifestyle.

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