The internet is an incredible tool that’s useful in the world of research, business, and being a homeowner. You can search for all kinds of things, such as finding the best contractors, plumbers, and electricians to help you with a home project. Finding the right person or company can save you tons of money that you can put towards other things.
Another thing the internet is great for is finding the best electricity companies in your area. Finding the right company and plan could save you hundreds of dollars annually, which adds up in a hurry. However, doing that alone could take forever since there are tons of electricity companies throughout the state. Rather than doing a simple “electricity companies near me” Google search, enter your ZIP Code in the free Rate Comparison Tool at the top of this page to help you in your search.
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Why Are There So Many Electricity Companies Near Me?
Until the early 2000s, Texans didn’t have the power to choose their own electricity company or plan. Instead, you were forced to enroll in a plan with whatever electricity company provided power to your area. Thanks to deregulation, however, nearly 85% of Texans now have the power to choose their own electricity company.
Deregulation turned the electricity market in Texas into a competitive one where companies known as retail electric providers (REPs) started competing for customers. REPs buy electricity from power plants, wind farms, and solar generators and sell it to business and residential customers throughout Texas. Because Retail Electric Providers merely buy and sell electricity, they act as a middleman and don’t actually create power.
As a result, anyone who wants to start a REP can do so with relative ease. Buying and selling electricity has become one of the most lucrative businesses in Texas. While this surplus of companies has led to competitive electricity rates, it is difficult to know who the best REP is for you.
How Many Electricity Companies are There in Texas?
There are currently more than 130 retail electric providers in Texas. In addition to these companies, there are several hundred power-generating plants and wind farms that create electricity and sell it to REPs.
These 130+ REPs then work with six different utility companies that operate in various parts of Texas. These utility companies are responsible for making sure that electricity makes it safe and sound to your home or business. While there are only six different companies, they each have dozens of individual plants and branches throughout the state.
Which Electricity Companies Near Me Have the Best Rates and Plans?
Electricity rates in Texas are like the stock market. They’re very volatile and constantly go up and down depending on what time of year it is, the weather, and the supply and demand of electricity. The fact that there are so many different REPs vying for your business only complicates matters. While many new companies are popping up every day, a few have stood the test of time and consistently offer the best rates and plans.
In terms of which electricity company near you will get the best Google reviews, 4Change Energy is usually at the top. They are a company with tons of experience and highly competitive electricity plans. Enter your ZIP Code in the free Rate Comparison Tool at the top of the page for a complete list of plans available to you to determine if it’s worth switching to them.
New Power Texas
New Power Texas is one of the newer electricity companies in Texas. They’re committed to having plans that are easy to read and understand. At ElectricityRates.com, we make their plans even easier to read and understand. When you switch to New Power Texas through us, you can be sure that you’re not locking yourself into a plan with hidden rates and fees.
Constellation Energy is one of the biggest REPs and gas companies in the United States. They serve millions of customers in both Texas and throughout the United States. They offer no sign-up fee. You can also save money by bundling your Texas energy plan with other offers, such as Constellation Connect or an A/C protection plan, that way you are protected from unexpected costs if your air conditioner breaks down.
Rhythm Energy is a REP that exclusively buys and sells renewable energy plans. This means that when you sign up for a plan with Rhythm Energy, 100% of your monthly bill goes toward the research, creation, and distribution of renewable energy plans. Enter your ZIP Code in the free Rate Comparison Tool at the top of the page if you want to start making a difference and reducing your carbon emissions with a renewable energy plan.
Who are the Best Electricity Companies in Texas?
While each of the electricity companies listed above is some of the best in the state, it’s tough to say definitively who the best REP is in Texas. In truth, the best electricity company varies from person to person. For example, just because 4Change Energy is the best electricity company for your friend or neighbor doesn’t mean they’re the best company for you.
Everyone’s electricity needs are different. As such, power companies structure their plans in ways that are appealing to some people, but not to others. It’s up to you to determine which company and plan are the best for your unique situation.
How to Find the Best Electricity Companies Near Me
Because there are over 130 REPs in Texas competing for your business, finding the right company and plan can be tricky. If you want to succeed in this endeavor, here’s what you need to do.
- Find out how much electricity you use on average each month.
- Think about the times and days you use the most electricity because some companies offer free nights and weekend plans.
- Determine your budget and decide whether you want a renewable or traditional energy plan.
- Once you have all these things figured out, go to ElectricityRates.com and enter your zip code to find a list of plans and electricity companies near you.
ElectricityRates.com is the quickest and easiest way to compare rates and find the best plan in your area. While it will be up to you to research each plan and find the one that fits your lifestyle the best, we make it as easy as possible. Once you know which plans you qualify for and have them neatly laid out in front of you, choosing the best one is a cinch.