We are often asked, what’s the best time to shop for electricity in Texas? The reality is, you don’t always get to choose when you shop for electricity, as it depends on your contract expiration. But if you have a choice? There are certain months to pick and certain months to avoid.
best electricity rates
Looking for the best electricity rates in Texas? Use our guide to find the best power prices for you, the Top 10 electricity plans in your area, and info on how to compare plans.
With 2021, we expect to see low prices for long term plans and an increasing number of green energy electricity plans as Texas moves more and more generation to renewable energy.
Get current information with our Texas Electricity Trends for 2022 report.
Texas electricity rates in 2019 were relatively flat compared to the prior year. And if you were in a fixed rate contract throughout 2019, you had a secure price. But those who were on a variable rate or a wholesale index rate (i.e. Griddy Energy) had their rate explode in mid August when ERCOT hit a historic usage level.
So what will happen in 2020? It all depends. But indications are that market forces are driving up retail energy prices in the short term, and that long-term contracts might be the way to go this year.
>>Want the latest Texas electricity trends? Here are Texas Electricity Trends for 2021