Compare Texas electricity rates by utility

Texas has no default generation rate — you must choose a Retail Electric Provider (REP). Delivery still comes from your local wires company (Oncor, CenterPoint, etc.). We pulled every certified residential offer and ranked them. Upload your bill and I'll find your three cheapest plans, or pick your utility below.

Find your cheapest Texas plan

Upload your most recent energy bill and I'll read your utility and usage, then rank the 3 cheapest certified plans for you from live state data.

PDF, photo, or a usage CSV works. I read it instantly and rank your options.

Electric utilities

1,464

Electric offers

Texas electricity market snapshot

as of June 22, 2026

Our ranking: we compute each plan's all-in effective rate — the headline rate plus any monthly fee spread over a typical 900 kWh/month — so cheap teasers with fat monthly fees don't masquerade as the best deal. Rates shown at 1,000 kWh/month (most representative for a typical TX household).

Cheapest plan in state

6.80¢/kWh

Budget Power · CenterPoint Energy

Avg best plan / utility

7.40¢/kWh

across 5 utilities

Watch-out offers

136

136 variable · 0 teaser

Best fixed plan by utility

The lowest all-in fixed-rate plan we found for each electric utility, ranked cheapest first.

#	Utility	Best plan	All-in rate
1	CenterPoint Energy	Budget Power · 12 mo	6.80¢
2	AEP Texas Central	Budget Power · 12 mo	6.90¢
3	Oncor Electric Delivery	Budget Power · 12 mo	7.30¢
4	AEP Texas North	CHARIOT ENERGY · 12 mo	7.60¢
5	Texas-New Mexico Power (TNMP)	Budget Power · 12 mo	8.40¢

@ 1,000 kWh

8.40¢/kWh

Compare offers →

What is the cheapest electricity rate in Texas right now?

As of June 22, 2026, the lowest all-in fixed residential plan we rank is Budget Power (Prime 12) at 6.80¢/kWh for CenterPoint Energy customers, on a 12-month term. "All-in" means we add each plan's monthly fee to the headline rate — so low teaser rates with high fees don't look artificially cheap. The best plan depends on your utility; see the leaderboard above.

Is Texas deregulated for electricity?

Yes. Texas allows residential customers to choose their electricity supplier while the local utility still delivers power, reads the meter, and handles outages. Only the supply (generation) portion of your bill changes when you switch suppliers.

Is a fixed or variable rate better?

A fixed rate locks your supply price for the contract term. A variable rate can start lower as a teaser but can rise with the market with no cap. For most households a fixed rate is the safer choice.

Related guides & tools

Offers compiled from https://www.powertochoose.org/ (PUCT — Public Utility Commission of Texas), residential rate class, as of June 22, 2026. Supplier rates change constantly; confirm current price and contract terms on the supplier's site before enrolling. Not affiliated with any state regulator. Source data: texas-energy.json.