What is the cheapest electricity provider in Texas?

@electricrates

What’s the cheapest electricity provider in Texas? #electricrates #cheapestelectricityprices #texaselectriccompany

♬ Summer Energy – Audiosto

Residential Rates

When searching for electricity prices in Texas many people are looking for who is the cheapest. There are several electric providers that will hook you in on a cheap variable price that changes each month.

It is recommended to not compare based on a variable price as this will change relatively fast on subsequent months.

For residential rates there are several comparison charts that compare residential rates among each other. Use these type of charts to determine who is the cheapest.

The comparison charts sometimes will list providers based on a star, gold medal rating system, and even a user rating system. There is no good way to know if these rating systems reflect an unbiased rating so take it with a grain of salt.

I recommend looking at just the fixed rates to see which rate is the cheapest and also compare based on how long you want to lock in a contract.

If you want a 3 year contract compare just 3 year contracts with each other to make a determination. If the 6 month contracts are cheaper but you are risk averse to insuring your rate for such a short term then look past those short term offers.

Commercial Rates

Commercial electricity rates are held closer to the chest. These rates are not revealed all over the internet because based on the size of your company they can differ.

You will have to call each electric provider individually or work with an energy consultant that can help you through a reverse auction to find the best rate.

A reverse auction is a process that often uses software where providers have agreed to go into the software system and compete to win your business based on what electrical usage was loaded into the system.

Even if your electrical usage has not been used to create a historical history they can estimate what it will be based on the building and bid based on your type of business and the previous tenants usage.