Cheapest Electricity Rates & Plans in Texas (August 2026)

Finding the cheapest electricity rates in Texas doesn’t have to be a chore or require tons of research. Every month, we update our recommendation for the top three cheapest electricity companies in Texas, and highlight the cheapest electricity rates in your area. Here’s the August update.

Electricity prices have been amazingly low this summer, even though they’re typically higher in this season. Lower cost generation resources like wind, battery and solar have kept wholesale prices down. Seems like the normal seasonality is changing in Texas? Lots of deals to be found when you compare electricity prices.

What are the Cheapest Electricity Companies in Texas?

This month, focus on fixed rate electricity plans with a 12 or 24 month term. Here are the top three cheapest companies you should focus on. These are selected for their excellent basic fixed rate electricity plans which are the types of plans we recommend for most consumers.

• GoodCharlie Energy – Great low electricity prices, plus they donate to animal rescue charities across Texas. You’ll also get Pet Perks including a $750 emergency vet fund and 24/7 video vet advice.
• Champion Energy – Aggressively priced this summer, Champion Energy is one to watch. Champion Energy has a great reputation for customer service plus you’ll get our exclusive negotiated rates when you enroll through ElectricityPlans.
• Base Energy – Mostly known for their battery programs, their Base energy-only plan takes advantage of all those batteries to give you a low rate. This 12 month plan isn’t found on their standard shopping site. Base will even pay your early termination fee (up to $150) to switch to them.

We recommend basic fixed rate electricity plans. However, the rates below include bill credit electricity plans as well, with credits that apply when you hit 1000 kWh. These plans may be for you if you consistently use between 1000-1400 kWh a month. Always read the plan description before choosing your plan. And use our new BillSmart™ Low Bill Finder to shop based on usage.

How do I Find the Cheapest Electricity Rate in Texas?

Shopping for electricity doesn’t have to be hard. You can check our detailed “Definitive Guide to Shopping for Electricity in Texas” for a full version. But here’s a quickie version of 5 steps to find cheap rates.

1. Enter your zip code
2. Enter your average monthly electricity usage.
3. Select Basic Fixed Rate plan features to eliminate bill credit plans.
4. Sort by “Rates Low to High.”
5. Pick the cheapest price for electricity, either based on price per kWh or the estimated monthly 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.