electricity rates

How to Get Help Paying Electric Bill

Times are tough right now with inflation. And with rising electricity costs, it may get hard to pay your electricity bill.

Texas has many programs that can help with electric bills. The central resources for financial assistance with electric bills is 211 Texas. Dial 2-1-1 from your phone, call 877-541-7905 or go online to 211texas.org.

You also have other options including payment arrangements and deferred payment plans.

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Why are Texas Electricity Prices So High?

In 2022, we had some of the highest electricity prices since deregulation. But now? Prices have come down by 30% or more vs. last year.

Here’s a recap on why prices are so high some years (and during the summer) and some strategies on how to get the best price for your home or business.

For the latest on electricity price forecast, check our article on 2023 Texas Electricity Price Trends or enter your zip code below.

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Average Electricity Bill in Texas

The average monthly bill in Texas is around $170, or $2,040 per year. That’s based on data from the Energy Information Administration assuming an average rate of 14.63 cents per kWh and typical 2,000 square foot Texas home that uses 1,176 kWh a month.

Your bill will vary based on where you live, the size of your home and how conservative you are with your air conditioning. But the cost of the average electricity bill in Texas is 11% less than the national average.

Below we review what goes into the average electricity bill in Texas, plus average bills in each major area.

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Texas Electricity Trends for 2020

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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How to Find Cheap Power Rates in Texas

Want to know what is the cheapest electricity company in Texas? There’s many ways you can search for it. “Cheap power near me.” “Cheap electricity for my home.” “Best Electricity Plan in <city> Texas.”

Energy rates in Texas vary on location. You’ll need to shop by your zip code and usage level to compare options and find the cheapest power rates. ElectricityPlans is an energy price comparison website that helps you compare energy providers in the Texas market and win at the electricity shopping game.

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