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Compare Texas Electricity Rates

Written by Faith Foushee/

Edited by Jamie Cesanek

Last updated 06/21/2024

Find the best electricity rates in Texas.

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Key Points

  • The average residential Texas electricity rate is 14.92 cents per kWh, based on the latest EIA update in March 2024.
  • Commercial Texas electricity rates today are 8.78 cents per kWh, 41% lower than the residential rate.
  • Compare cheap electricity in Texas from trusted electricity companies by entering your ZIP code on our marketplace.

Texas energy FAQs

  • The cheapest electricity prices in Texas are currently available on the SaveOnEnergy marketplace from Discount Power, 4Change Energy, Gexa Energy, Frontier Utilities, and Express Energy Energy rates frequently change due to shifts in the energy market and may differ based on your location. Enter your ZIP code for accurate rates in your area.

  • Enter your ZIP code on the SaveOnEnergy marketplace to compare your options. You can filter for green energy options, free usage periods, specific providers, and more to find the right electric plan to fit your needs.

  • There are many ways you can lower your monthly electricity bill in Texas. Cutting back on how much electricity you use each month is the most straightforward way to lower your electricity bill. You can also consider turning on ceiling fans during warmer months, investing in energy-efficient appliances, and using appliances during off-peak hours. Some residents and businesses also switch to Texas solar for lower electricity bills.

  • If there is a power outage in your area, contact your Texas utility company to report the outage or receive updates about when electricity service will be restored. CenterPoint Energy, Oncor Electric Delivery, Texas-New Mexico Power and AEP Texas are the four major utilities servicing Texas.

  • Based on the latest EIA energy outlook, oil prices may rise because of reduced oil production, leading to higher electricity rates in Texas. Electricity prices can change daily depending on the market. You can check out the best energy rates in your area throughout the year using the Choose Energy marketplace.

  • Electricity rates fluctuate in Texas due to changes in demand, fuel costs, and weather conditions. These factors can affect energy generation, regulatory policies, and market competition among energy providers.

  • The average residential Texas electricity rate is 14.92 cents per kWh, based on the latest EIA update in March 2024. You can find affordable rates in your area with SaveOnEnergy. The cheapest electricity rate on our marketplace is currently 11.7 cents per kWh.

  • The cheapest fixed electricity rates are currently offered by Texas providers like Discount Power, Gexa Energy, Express Energy, 4Change Energy, and Frontier Utilities.

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