ERCOT

What is the Number One Electricity Provider in Texas?

We’re number one! You hear it said all the time. But number one based on what? The question, “What is the number one electricity provider in Texas?” can be answered so many ways, including customer count, ratings and customer satisfaction.

In this article we dig into the data and perform online research to provide the top electricity provider in Texas in each category. (And if you’re looking for cheap electricity rates? We update our list of the cheapest electricity rates in Texas every month.)

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Understanding ERCOT Conservation Alerts

If you live in Texas, you’re familiar with energy conservation alerts. In 2023, ERCOT (Electricity Reliability Council of Texas) issued 13 requests for energy conservation. And 2024 is expected to have hotter than average temperatures, so the risk of energy conservation alerts is high! Use this guide to understand ERCOT’s energy conservation and energy emergency alerts.

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How Does Weather Affect Texas Electricity Rates?

Extreme weather in Texas has a significant impact on electricity prices in the state, since heating and cooling drives electricity usage.

Weather can significantly impact Texas electricity rates due to supply and demand. Warm weather drives high electricity usage for cooling homes and businesses. Cold weather extremes cause power usage to soar with demand for heat. And yet electricity supply has its limitations. Your best bet for electricity shopping is to avoid the seasonal extremes.

In this article we review how weather impacts both supply and demand, how weather impacts electricity prices and why fixed rate plans are your best protection against weather risks.

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Texas Electric Rates – Market Trends and Price Forecast 2024

Texas electricity rate trends for 2024 show prices similar to 2023. Here’s our Texas electricity rates trend forecast, key factors driving electricity prices and what types of electricity plans will be popular this year.

Key Takeaways:

  • Texas electricity prices for 2024 will continue at levels seen in 2023. Residential electricity rates will average 14-18¢ per kWh including delivery costs.
  • Longer term contract terms (24 to 36 months) will be the cheapest electricity options.

Jump right to the cheapest electricity plans in Texas or read on for our trends and price forecast.

Will electricity prices in Texas go down anytime soon? Don’t bet on it.

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