Austin Electricity Rates

Your insider’s guide to finding the best electricity rates and energy plans in Austin

If you’re a long-time resident, new to Austin, a business owner, or need no-deposit electricity, this insider’s guide will help you find your ideal power plan in Austin.

Austin electricity rates

You have the power to choose your home’s electric provider in Austin.

Compare Power is a free consumer service established in 2009 to assist residents of Austin in searching for their lowest rate energy plan.

Plan information is presented in a user-friendly format that enables a quick and simple comparison of available plans and options.

Offers from a number of different electricity providers are displayed in a powerful grid that makes comparing your options simple and fast.

This assists Texas consumers to avoid hidden charges and advertising gimmicks by comparing plans “apples-to-apples” without wasting hours of time making phone calls or sorting through hundreds of different websites.

Electricity price trends in Austin

Electricity in Austin has been deregulated. As an energy customer, you have a choice when it comes to choosing a retail electricity provider (your electricity provider), which gives you flexibility and power over your energy bills.

Deregulation of energy in the state de-monopolized the electricity market for the majority of the state, the city of Austin included, which introduced massive competition.

As a result, many fantastic energy providers compete for your business in Austin by offering low rates, making it a great time to shop, switch, and save costs on your energy statement.

As many as 60-100 providers compete for your account in Austin and there are hundreds of plans to sort through.

Average electricity rates in Austin

The average residential electricity rate in Texas is 16.1¢, 14% less than the U.S. average.

The average Texas business electricity rate is 8.3¢, 41% less than the U.S. average.

• Emily (TX, United States)

How to find the best energy plan in Austin

#1 rule: Know Your Usage!

Knowing the amount of energy you will consume in a month is the ideal way to find a deal on power in Austin. Why should you care?

The “price per kWh” you see power companies advertising is for an exact monthly usage (usually 2000 kWh).

Every plan has a different equation for how your monthly statement is determined, and your monthly bill will be determined by how much power you use each month.

Unless you use exactly the advertised amount each month, you will end up paying an effective “price per kWh” different than what you observed when you ordered.

Fortunately, there’s a better way to choose your electricity plan.

Calculating your expected monthly bill based on estimated monthly usage, then comparing rates by total monthly cost, is the best way to shop for the best rate for you.

Better still, if you have an entire year of usage history for your home, you can compare plans by total annual cost. This annualized method takes into account the changes in usage between the summer and winter months and is the ideal way to determine the ideal electricity rate plan for your home.

Compare Power does all the complicated math for you instantly. What takes hours inside a spreadsheet is now done in just moments.

We put the power in your hands, taking what would amount to hours of research, spreadsheets, and calculations across hundreds of plans and guiding you step-by-step to the energy rate plan that’s best for your household’s usage.

We clarify the details, disclosing the various charges and fees, so you’ll know precisely where your money is going and what to anticipate on your bill.

We then assist you in ordering your plan with your selected electricity provider without ever having to leave our website.

The bottom line is you should know your expected or historical usage before selecting the best energy plan for your home.

If you don’t know your usage, estimate

If you recently purchased a home or business, or you cannot obtain 12-months of usage history, you can always estimate the average amount of energy that you will use in any given month.

While not as optimal as having all the previous 12 months of usage, estimating your average usage is better than blindly picking the first plan you see advertised by an electricity provider at a specific usage that isn’t what you’ll consume.

Use Compare Power to find the best electricity plan for your**specific usage.

Moving to Austin: Setting up electricity

If this is your first time setting up electricity service in Austin, to get the best rate you need to get the previous 12 months of energy usage for your new home.

Ask the previous home-owner to provide you with their past 12 months of usage.

This information is readily found in recent billing statements.

It may take some effort to acquire usage for the past 12 months, but the time (and savings) will be well worth it.

Once you have historical usage, Compare Power will do the math instantly to help you find the best plan for your home’s usage pattern.

Note: If you are unable to obtain historical usage information, a second option would be to estimate your future usage via utilizing our “Help Me Choose” tool. By simply entering your zip code the tool will be able to assess your home’s projected electricity consumption.

By signing up for a plan through Compare Power you will receive automated reminders when it’s time to renew your existing plan or to possibly switch plans.

Switching electricity companies in Austin

Switching is good. Market conditions are always changing, so it is important to shop for a lower price every year when your contract is close to expiring.

Your existing energy provider will normally raise your electricity rate once your contract expires. If you fail to take action, you’ll be left on a month-to-month rate that is significantly higher than the plan you signed up.

Before renewing your contract make sure to shop the rates of competing energy companies.

Switching can save you hundreds or thousands of dollars each year on your electricity bill.

Switching is easy:

When you decide to switch, your new energy company will take care of everything for you including terminating service with your previous provider.

There is no loss of power when you switch. Electricity in Austin is all delivered by the Oncor Transmission and Distribution Utility.

The wires and poles that deliver electricity to your home do not change when you switch energy companies. Therefore the reliability of your service is not affected.

You can choose any date up to 14 days early of your current contract’s end date without an “early cancellation” fee. That’s Texas Law.

If you’re still under contract, check how many months remain on your contract. You can set a future start date with most providers up to 6o days in advance.

The amount saved each month by switching to a different electricity company may outweigh the one-time fee to get out of your contract early.

If you are unsure email us your latest energy bill and one of our team members will get back to you promptly with your best options.

If you’re ready to switch and would like to know how to find the best plan remember that understanding your usage is the best way to find the truly best price.

Keep in mind that when you get ready to switch, and you want to know the most efficient way to find the right plan at the best rate, it is essential that you first understand your usage. To accomplish that, you will need to collect the usage history for the past 12 months.

Austin energy companies

Looking for a great electric company in Austin?

You can sign up for service with great electricity providers such as TXU Energy, Reliant, Direct Energy, and more.

To sign up, learn more, or view current rates, click on the company of your choosing.

No-deposit electricity plans in Austin

If you need to find an energy plan in Austin that requires no deposit, we can help.

If your first selection of plans charges a deposit, Compare Power will automatically show you additional plans that require no money down.

Instead of calling around power companies or browsing through websites to determine if different electricity companies require a deposit, this will save you a tremendous amount of time and effort.

We will check the other plans for any deposit obligations immediately so you can get your lights on and get back to your day.

**Learn **how to get no deposit lights.

Deposit Waivers

You may be eligible to have the deposit waived if you meet one of the requirements from the Texas Public Utility Commission §25.478 - PUCT §25.478.

If you have any questions about deposit waivers, you can contact us. One of our team members will get back to you as soon as possible.

Austin business electricity plans

If you own a company in Austin, you’re not alone.

Austin has become a thriving place for many small to midsized companies. The city is small enough to get to know people and thrive, yet close enough to large metropolitan cities that provide even more opportunities for growth.

To lower your energy costs, you need to shop prices from competing providers.

Compare Power bridges the gap between your business and energy providers by inviting various energy providers to compete for your business in a sealed bid process.

You enroll your information on Compare Power and the providers will present their bids. You to pick the cheapest price. Simple, quick, and easy.

Click here** to get competing quotes for your business electricity.**

Austin utilities

Electricity

To learn more about Smart Meters, or to download your Electricity Usage, visit +1 (888) 313-4747.

To report an issue with your electricity service or power outages in Austin, visit the https://stormcenter.oncor.com or call them at +1 (888) 313-4747.

Gas

For gas service in Austin, call or visit Austin’s official city website to determine who your provider is.

Waster/Sewer/Garbage/Recycling

In Austin, water, garbage, sewer, and recycling services are usually handled by the City of Austin.

Other utility service areas in Texas

Not in the Oncor Service area? Search low electricity rates by service area and local utility company.

Click on your Texas Distribution Utility (TDU) below to compare electricity rates in your service area.

View electricity prices for zip codes in Austin

Find cheap electricity rates by zip code. Click on your zip code below to find competitive rates in your area.

View electricity prices for cities near Austin

Are you searching for a lower electricity rate in a different city? If so, you can find the location below, and then click to sign up for a more affordable electricity plan.

If your city is not on the list, use the zip code finder for a rate lower than what you currently pay in your city.