Cheapest Electricity Rates in Texas (August 2022)

Finding a cheap electricity rate for your home is key to keeping your budget in check. And you aren’t imagining it. Rates are higher than ever before. But you can still find cheap electricity rates in Texas when you do an energy price comparison. We make it easy by giving you the top three cheapest companies in Texas, plus a list of rates by zip code.

We update this post of the top 3 cheapest electricity companies every month. And the cheapest electricity rates shown below are updated daily.

Top 3 Cheapest Electricity Companies in Texas Right Now

The best and cheapest electricity rate depends on your usage and your zip code. But here are the providers that consistently have the cheapest electricity rates, as of August 2022.

1. Champion Energy – Champion Energy has been around the block, serving customers since 2005. But we’ve seen them aggressively dropping rates while others are pushing them up. Plus, you’ll get a 4/10 of a penny discount off Champion Energy published rate when you buy through our site.
2. Pulse Power – Pulse Power has been a solid provider for years. You’ll get a discount of 4/10 of a penny discount off Pulse Power’s rates when buy through ElectricityPlans.com
3. GoodCharlie – This is a new company that launched in May 2022 and donates to animal rescue charities in Texas. Plus they’ll help you with your pets! When you sign up, you’ll get access to 24/7 unlimited video veterinarian calls. And you’ll have a $750 fund for emergency vet care.

So these are the three companies we recommend for the cheapest electricity rates when you are doing an energy price comparison.

Below you can find cheap electricity rates by zip code. These are true fixed rate electricity plans. You’ll pay the same rate per kWh of electricity no matter how much or when you use it. This month you’ll also see plans named September Savings or September Start. Find out about those special plans below.

You can read more on how to shop for Houston cheap electricity rates, including information on the average electricity bill in Houston. The plans above are true fixed rate electricity plans, what we call basic electricity.

But if you want to look at plans with tiered rates, bill credits and what have you, enter your zip code below. (We’ve been doing this for a long time and have looked at thousands of electricity bills. And most homes in Texas do best with a true fixed rate plan.)

These are the TRUE fixed rate electricity plans, where you pay the same rate per kWh of electricity no matter how much or how little you use.

You can check rates for all types of electricity plans, including tiered rates, bill credits and flat bill electricity plans. Just make sure you enter your average electricity usage after you enter your zip code! That’s the best way to see if a rate plan is a good match for you. You can also learn more about how to shop cheap electricity in Dallas, and how much is the average Dallas electricity bill.

September Start Electricity Plans for Cheapest Rates

If you are looking for the cheapest rate, you need to consider September Start plans. Even if your contract expires in August, you should consider signing a new contract the starts September 1.

Why are September Start plans cheaper?

When Retail Electricity Providers (REPs) price electricity, they look at the cost of every individual month in the contract term. Then they add up the wholesale costs of those future months to come up with their pricing. August always sticks out as the highest price.

So if you can skip August 2022 in your fixed electricity rate, you can get a much better rate on your next electricity plan.

Why should you consider a September Start plan?

If you expire in August, you can lock in a 12 or 24 month contract right now. Or, you can lock in a much lower rate if you delay your contract start until September 1. If you are off contract, you’ll pay a high price per kilowatt for your August usage. But then you’ll have a great rate after that!

NOTE: These rates will likely only be available from August 1 to August 15.

Checklist to Find the Cheapest Electricity Rate in Texas

Shopping for electricity doesn’t have to be hard. And we give you a full guide tin our article, “How to Find Cheap Power Prices in Texas.” Or you can check our detailed “Definitive Guide to Shopping for Electricity in Texas.” But here’s a quickie version.

1. Enter your zip code
2. Enter your average monthly electricity usage. (Don’t know it? The average house in Texas uses 1200 kWh a month.)
3. Sort by “Rates Low to High”
4. Pick the cheapest price for electricity, either based on price per kWh or the estimated monthly bill.

Literally, that’s it. So easy there really isn’t a checklist. It’s that easy to find cheap electricity plans.

Or you can get a little fancy by picking plan features, like Basic Electricity (True fixed rate), Tiered Rates/Bill Credits, Free Electricity at Certain Times or 100% Renewable Energy. And you can read our full guide on “How to Find the Best Electricity Plan in Texas” based on what you are looking for.

But seriously? With inflation and belt tightening everywhere, we suggest looking at Basic Electricity and just picking the cheapest rate. That’s how to get your lowest electricity bill.

Need help? You can email us your questions and a copy of your bill by using our PlanScan service. We’ll send you the three cheapest electricity plans for your home.

Not ready to lock in? Sign up for ElectricityPlans.com electricity shopping reminder service. We’ll send you reminders to come back and shop. And we’ll send you electricity price drop alerts when we find a good deal.

You don’t need to pay a service like Energy Ogre, Power Wizard or the others to shop for you. We have discounted rates that aren’t available to the general public. And we give you the tools to shop for yourself. Keep that $120 a year in your pocket!

Want a more detailed approach on how to find cheap electricity plans? Read our article on How to Find Cheap Power Prices in Texas.