electricity rates

Will Electricity Prices Fall this Fall in Texas?

We get questions like this all the time from customers, friends and neighbors. Will electricity prices fall this fall?

Normally we would say, of course! Electricity prices always drop in the fall in Texas. And this year is no exception, based on what we’re seeing with pricing. Prices are dropping… just not as far as we all hoped.

This article was written in Summer 2022. See our Texas Electricity Rate Trends 2023 article for the latest electricity price forecast for 2023.

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How to Get Help Paying Electric Bill

With rising electricity costs, you may need help with your power bill. If you need help with your electric bill in Texas, there are three basic options.

  1. Contact Your Electricity Provider: Your REP is the first point of contact if you need help paying your power bill in Texas. Working with them can give you a bill payment extension and keep you from being disconnected.
  2. Call 211 Utility Assistance: Texas 211 is a central clearing house of resources. The 211 operator may be able to match you to available aid programs.
  3. See if you qualify for the Low Income Home Energy Assistance Program (LIHEAP): This program provides bill payment assistance for those on SSI or that earn less than 150% of the Federal Income Poverty Guidelines.

Below we provide additional information on each option. Plus ideas for bill payment help for those who are not low income.

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What’s the 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. The good news? The average cost of electricity in Texas is 11% less than the national average.

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Electricity Bill Calculator – How to Get the Best Electricity Rate

With the Electricity Bill Calculator you can easily see how much you’ll pay for your electricity based on your usage. No need for an XLS to compare electricity prices in Texas.

Enter your monthly kWh usage and we’ll calculate an estimated bill and price per kilowatt hour for every electricity rate on our site. That’s how to find the best electricity plan for your home.

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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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