We locate the right Tyler Texas electric rate plan for you from the best electric providers in Tyler.
What to Expect With Tyler Electric Rates
The term “best” in many ways is a subjective term but there are things that can be quantified. Consumer reviews that give personal stories of how an electric company treated them are my favorite. Price is another good one to rate the Tyler electric company on.
Reviews and star ratings are great to read until you stumble on unauthentic review after another. Some providers have 10,000 reviews and it gets suspicious after awhile. I try and weed through what looks real and read both negative and positive comments to arrive at what some of the good things are and what the issues could be.
What you should expect from Tyler electric rates advertised by even the best providers out there are a whole gambit of different rate plans.
Be Careful With Variable Rate Plans
The number one thing to be aware of is that variable plans can and will go up on you. The hybrid plan that looks like a fixed plan but has a variable component will also go up on you. These electric rate plans will go up indiscriminately as Texas has no law that forbids the retail electric provider to keep their formula a secret on why they choose to lower and raise their rates.
It could very well be possible that if the Tyler electric company does not like you anymore because you were late paying your bill that your price could go up. There is no clear trustworthy document that spells out exactly what they can and cannot do on a variable priced plan.
You are at the mercy of the electric company if you choose a variable plan. That being said fixed rate plans offer price stability and will not change for the entire term of the contract you sign up for. I recommend a 1 year or longer fixed rate plan.
Oncor electric delivery was once called by another name. Many of us remember when our meter said “TXU Energy” or “TU Electric” and they were the ones to fix the electric lines. This brand, TXU, sells electric service now along with many other retail electric brands competing for your business.
The best electric provider in Tyler won’t steer you astray to a variable plan or introductory variable plan that can change without notice. Unfortunately most all electric companies have introductory offers and variable plans so we as consumers must be prepared to avoid these hooks and choose a fixed term contract. These fixed rates range from 6 month, 12 months, 24 months and all the way out to 5 years.
My Personal Experience Choosing an Electric Rate Plan Type
Over the years I have been on several 1 year contracts, a 2 and a 3 year fixed contract and even most recently a 5 year residential energy contract. It seemed like things were getting more expensive so I chose a 5 year fixed contract a few years ago and I am so glad I did.
I live in Tyler Texas and remember the 2021 winter storm that caused electricity prices to go so high. Being on that fixed electricity plan really saved me from a lot of heartache. Some of my friends had extremely high energy bills during this time.
Transmission and Distribution Service Provider
In the Tyler and East Texas area you call Oncor to handle any power outages. They will come to your home or business and repair any lines or transformers and get electric service back up and running. I live here in Tyler Texas and have called Oncor numerous times during outages.
They have a great automated system that usually tells you they are aware of the outage and gives you an ETA when they expect power to be back on. Oncor even sends you a text message with this information. Oncor’s power outage communication system is state of the art.
Oncor also buries your electric wires, installs your meter, and reads your smart electric meter through the internet. In some cases your meter may not be reading correctly and they replace the faulty meter. Many Tyler customers have reached out to me for assistance getting Oncor to check on a faulty meter reading.
Beyond the Oncor breakdown below there can be more charges based on how much energy you use during peak demand times. The state of Texas governs what rate increases the TDSP can pass-through. There is no negotiation regarding your TDSP as the state of Texas handles that.
ONCOR Residental TDSP TAX breakdown:
- TDU Delivery Charge: 4 cents per kWh
- TDU Delivery Charge: $3.42 per billing cycle
Proposed future charges Oncor may be approved to charge Tyler and East Texas homes.
If you use 1000 kilowatt hours a 4 cent fee is multiplied against it which would equal = $40
Oncor wants to raise their fixed fee from $3.42 to $4.32 and raise the multiplier fee from 4 cents per kWh to 4.4 cents per kWh.
What the fee is now:
1,000 kWh of usage would be $40 plus $3.42 to equal $43.42
Proposed Oncor Fee Increase:
1,000 kWh of usage would be $44 plus $4.32 to equal $48.32
Types of Plans You Can Choose
The electric rate plans in Tyler come down to three basic choices. You have fixed, variable, and prepaid “no deposit” offers. The fixed electricity plans are the way to go for most people. Prepaid is a necessity if you have low-income and your credit is not great. Fixed plans keep the price the same the whole contract.
There are no surprises with a fixed rate but with variable prices things can get crazy. The Texas winter storm of 2021 proved how crazy high electricity prices can get when your on a variable plan. Residential customers were getting $6,000 – $18,000 monthly electric bills in the mail and an entire electric Cooperative that has been in business for over half a century went bankrupt.
These are the plain jane you get “what you see is what you get” type of plans and are great for most people. You see the advertised electric rate and it says it’s good for 1 year and the Tyler electric company honors that rate all year long. These plans can be 24 months, 36 months and even 5 years long. The long term plans do have early termination penalties so if you sign up for one make sure that if you move it is in Texas so you can transfer the rate to your new home.
Variable plans can change indiscriminately at anytime. The Tyler retail electric provider does not reveal exactly how they decide to raise and lower the rate. In the case of a crazy winter or summer that is unpredictable it can affect electricity wholesale prices.
The market can affect some of these retail electric providers that gave you a really low variable price and out of nowhere your rate can triple. Just ask the millions of customers it happened to the winter of 2021 and the summer of 2022.
Prepaid Guaranteed No Deposit
Prepaid electricity plans are really good if you have bad credit and cannot afford a deposit. These electric rate plans are like an unsecured credit card. If you live in Tyler Texas and are trying to avoid paying a $500 or more deposit to get your lights on then prepaid electric plans are a good option. You deposit the money in advance into your account with that provider.
When you start using electricity they deduct from that account to pay for the electricity your using. You have to fill your account up in advance each month to pay for the electricity you will use the next month. The good news is that there is no deposit. The con with these plans is that the rates are higher in price.
Average Electric Rates in Tyler
The EIA from the U.S. government has reported on the average rates for Tyler Texas. The average residential electric rate in Tyler was 13.53¢ as of July 2022. Over the course of 2021 and 2022 Texas electric rates have been considerably higher in price due to Texas sending LNG to Europe. Future averages will show as higher because of recent price hikes in the Texas market. Market analysts predict electric rates will come back down some in 2023.
Cheapest Price Electric Companies in Tyler
Check to see who offers the cheapest rates in Tyler and East Texas for your zip code.
Frequently Asked Questions in Regards to How to Compare Electric Rates in Tyler, Texas
How do I pick the best electricity company in Tyler
The Electricity Facts Label and Terms of Service have to be read to truly understand your electric rate. You can call us and we can go over these things with you. In the past I have been confused even after reading the EFL so don’t feel like your the only one.
A great example involves someone I recently helped order electric service. She was on a fixed income and a family friend. She needed something that would fit her usage. She always used under 1,000 kWh a month. There were several plans that had great rates but the “monthly service fee” was super high. The service fee would end up being a big portion of her electric bill. I found her a plan that didn’t have a “monthly service fee” but the rate was higher. This plan saved her money over the other plans because of the way the plan worked based on electricity usage.
How can I change electric providers in Tyler?
The change in Tyler electric providers is facilitated by ERCOT. The Reliability Council switches you from your old provider to your new one without any possibility of you ending up staying on both. It is impossible to be on two electric providers at the same time using the same meter number. You can go shopping for a cheaper electric rate and you do not have to let your old electric company know.
Why So Many Tyler Energy Companies?
If you come from a state municipality or a cooperative you did not have a choice. The Brazos Electric Cooperative offers a good example. This is a Cooperative in Texas that was the only choice in the Waco area and several other Texas cities. The winter storm of 2021 caused them to go bankrupt. This bankruptcy may open up the area to being deregulated where multiple retail electric companies can compete to sell you electric service. If one of these companies goes out of business there will be plenty more to fill their spot.
How to change electric providers in Tyler?
Comparison websites like this that compare Tyler Texas electric companies are a great way to go shopping for electric service. The state of Texas has one too called Power to Choose. Remember you can change energy companies and you don’t need to tell your old provider because ERCOT handles the change and insures only one provider can be in control of an electric meter at a time.
Who do people trust to offer the best Tyler electric rates?
The Analysis Group Economic – Financial, and Strategy Consultants, Economic Development Journal, and My Google Business feature ElectricRates.com electric rates comparison website as a trusted resource for consumers to use to shop for Tyler electric service near them.
Is electricity expensive in Tyler?
The winter storm of 2021 caused rates in Tyler to rise to historical numbers, the war in Russia worsened the price spike. Tyler electric rates are higher than normal but on average Tyler electricity prices are 60 % lower than the rest of the country. Long term contracts with current energy contracts being contracted today average around 8 cents per kilowatt hour with the average electric bill around $135 a month.
What company provides electric service in Tyler?
ONCOR is the transmission and distribution company that sends electricity over the poles and wires but does not sell you the service. Our website sells you electric service while Oncor would fix a power outage. For green energy please visit our voluntary sustainable energy offer.
Who has the cheapest electric rates in Tyler?
We signed up a commercial business at 4.7 cents per kilowatt hour as a large manufacturing business. If you are a Tyler business you can be in our reverse auction to see who can offer the best electric rates in Tyler. Residential electric rates compared daily using our comparison widget on this site. Visit our compare tool to see who is the cheapest today.
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Donny has been writing about the deregulated energy markets since early 2007. His knowledge has helped consumers lower their electricity cost.
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