electricity rates

Purchasing Business Electricity: Energy Procurement Strategy

What’s your energy procurement strategy? For most small business owners, this is just another item that they purchase for their business. You mark the calendar to shop for your next contract, but may give very little thought to other aspects of it.

Here are four things to think about for your energy procurement strategy, to get the best commercial electricity price for your business.

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What’s Driving Electricity Demand in Texas?

Summer electricity peak demand in Texas is expected to grow nearly 80% in the next 10 years, from 85,464 MW in 2023 to a projected 153,230 MW in 2033. And no, electric vehicles aren’t the cause.

According to the Electric Reliability Council of Texas (ERCOT), the entity responsible for managing the Texas grid, the three factors driving electricity demand in Texas are: artificial intelligence, hydrogen electrolysis and cryptocurrency mining.

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What Electric Company Services my Address?

When you are moving, setting up utilities can be a hassle. Especially if it’s not clear what electric company serves your address. Here’s how to find your local electric company by address in Texas.

Key Takeaways

When looking for what electric company services your Texas address, here are two key takeaways:

  • Over 85% of Texas is deregulated, meaning you must shop for an electricity provider.
  • You can find your local electric company (utility) in Texas by using the ElectricityPlans ESID Lookup Tool (Electricity Service Identifier), updated daily. That will tell you whether you are deregulated (electricity choice) or not.

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Texas Electric Rates – Market Trends and Price Forecast 2026

Texas electricity rate trends for 2026 show prices similar to 2025. Our Texas electricity rates trend forecast includes key factors driving electricity prices and what types of electricity plans will be popular this year.

Whether you live in Houston, Dallas or another area, the question is always, “Will electricity prices in Texas go down anytime soon?” Don’t bet on it.

Key Takeaways

Texas electricity prices for 2026 will continue at levels seen in 2025. Here are 3 key takeaways on Texas electricity rate trends for this year.

  • Residential electricity rates in Texas will average 14-19¢ per kWh including delivery costs.
  • Texas commercial electricity rates will average 7-9¢ per kWh plus delivery costs.
  • Longer term contract terms (24 to 36 months) will be more expensive than short term contracts.

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