cheap electricity rates Archives

Cheapest Texas Electricity Rates and Plans (January 2025)

Last Updated January 2, 2025

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 our cheapest electricity rates for fixed rate plans. Here’s the January 2025 update.

We said last month that prices would be stable in December, but would rise in January or February if we have an extended cold snap. An arctic blast is expected to hit Texas on January 7-11. Prices may increase if ERCOT signals limited resources.

Texas Electricity Trends for 2021

Last Updated January 24, 2022

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.

Month to Month Electricity That’s Not Prepaid

Looking for a month-to-month cheap Texas electricity plan? You’ve found it!

Month-to-month electricity plans, also known as variable-rate plans, are subject to frequent rate changes but have no contract. This can be a convenient option for consumers that don’t want to commit or that need a short term solution for energy.

TIP: If you are moving soon, you don’t have to go month to month. You can get a fixed rate electricity plan instead. If you move before your contract expires, then your early termination fee is waived, as long a you provide a forwarding address as proof of your move.

Texas Electricity Trends for 2020

Last Updated January 27, 2021

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

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