Your insider’s guide to finding the best electricity rates and energy plans in Matthews
If you’re a long-time resident, new to Matthews, a business owner, or need no-deposit electricity, this insider’s guide will help you determine your perfect power plan in Matthews.
Matthews Electricity Rates
| Provider | Plan | Price | Term | Cancellation Fee | Type | Docs | |
|---|---|---|---|---|---|---|---|
F | Frontier Utilities | Saver Plus 12 Credits | 7.0c per kWh | 12 Mo | $150 | Fixed | |
A | APGE | SimpleSaver 10 Credits | 7.0c per kWh | 10 Mo | $150 | Fixed | |
G | Gexa Energy | Eco Saver Plus 12 Green Credits | 7.1c per kWh | 12 Mo | $150 | Fixed | |
G | Gexa Energy | Saver Plus 12 Credits | 7.1c per kWh | 12 Mo | $150 | Fixed | |
A | APGE | SimpleSaver 12 Credits | 7.1c per kWh | 12 Mo | $150 | Fixed | |
R | Rhythm Energy | Rhythm Max Saver 12 Green Credits | 7.2c per kWh | 12 Mo | $20/Mo remaining | Fixed | |
E | Energy Texas | The Lone Saver Plus 12 Green Credits | 7.2c per kWh | 12 Mo | $20/Mo remaining | Fixed | |
R | Rhythm Energy | Rhythm Max Saver 24 Green Credits | 7.3c per kWh | 24 Mo | $20/Mo remaining | Fixed |
You have the power to choose your home’s energy provider in Matthews.
Compare Power is a free consumer service established in 2009 to help residents of Matthews shop for their lowest-rate electricity plan.
These official rates are the identical prices you’ll find calling the energy companies or visiting their websites.
Competing plans from many different electricity providers are displayed conveniently, making evaluating alternatives simple and fast.
This assists Texas consumers in avoiding hidden markups and marketing gimmicks by comparing plans “apples-to-apples” without wasting hours and hours calling different energy companies or navigating dozens of different online sites.
Electricity Price Trends in Matthews
Energy in Matthews is deregulated. As an energy consumer, you have a choice when selecting a retail electricity provider (your energy company), which gives you control and power over your energy bill.
Deregulation of energy in the state de-monopolized the electricity market for most of the state, the city of Matthews included, which introduced lots of competition.
As a result, many fantastic energy companies compete for your business in Matthews by offering low prices, making it a great time to shop, switch, and save costs on your power statement.
As many as 100+ energy companies compete for your business in Matthews, with hundreds of plans to choose from.
Average Electricity Rates in Matthews
May 2026The average residential electricity rate in Texas is 16.4¢, 11% less than the U.S. average.
EIA Rates
Residential · Texas · last 24 months
- Latest
- 16.4¢/kWh
- Period avg
- 15.5¢/kWh
- Min
- 14.6¢/kWh
- Max
- 17.0¢/kWh
Got me the cheapest electric. Nice.
How to Find the Best Energy Plan in Matthews
#1 rule: Usage is king!
Determining how much energy you will consume monthly is the ideal way to find a deal on electricity in Matthews. Why is this important?
The “price per kWh” you see energy companies advertising is for an exact monthly usage (usually 2000 kWh).
Every plan uses a different equation for how your monthly bill is computed, and your monthly bill will be determined by how much energy you consume 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.
Thankfully, there’s a better way to pick your electricity rate.
Calculating your total monthly bill based on estimated monthly usage, then comparing plans by the total monthly bill is the best way to shop for the best rate for your household.
Better still, if you have 12 months of usage history for your household, you can compare plans by total annual cost. This annualized method considers the changes in usage between the summer and winter months and is the ideal way to determine the perfect electricity plan for your home.
Compare Power does all the complicated math for you in an instant. What could take you hours on a spreadsheet is done in moments.
We put the power in your hands, taking what would amount to hours of research, spreadsheets, and calculations across hundreds of offers and navigating you step-by-step to the electricity plan that’s best for your home’s consumption.
We clarify the details, disclosing the various charges, so you’ll know exactly where your money is going and what to expect on your bill.
We then assist you in signing up with your selected energy provider without leaving our service.
The takeaway here is you should understand your expected or historical usage before picking the best energy plan for your home.
If you don’t know your usage, estimate
Suppose you recently purchased a home or business or cannot obtain 12 months of usage history. In that case, you can always estimate your average energy in any given month.
Although knowing the previous 12 months of usage is optimum, it is far better to estimate the average energy consumption than to select the first electricity provider that you see advertised. After all, you have no idea how much energy you will use at that point.
Use Compare Power to find the best electricity plan for your specific usage.
Moving to Matthews: Setting up Electricity
If this is your first time setting up electricity service in Matthews, to get the best rate, you need to get the previous 12 months of energy usage for your new home.
Ask the previous homeowner to provide you with their past 12 months of usage.
This information is readily found in recent billing statements.
Acquiring usage for the past 12 months may take effort, 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 cannot obtain historical usage information, a second option would be to estimate your future usage using our “Help Me Choose” tool. By simply entering your zip code, the tool can 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 switch plans.
Switching Electricity Companies in Matthews
Switching is good. Market conditions are always changing, so it is essential to shop for a lower price each year when your contract is close to expiring.
Your existing energy provider will typically raise your energy rate once your contract expires. If you fail to take action, you’ll be left on a month-to-month rate significantly higher than the plan you signed up for.
Before renewing your contract, check the rates of competing energy providers.
Switching can save you hundreds or thousands of dollars yearly on your electricity bill.
Switching is easy:
- You don’t have to call your current provider to cancel (no “break-up call”)
- No one comes to your home
- There is no disruption in your power supply
- It takes just minutes
When you switch, your new energy provider will handle everything, including terminating service with your previous company.
There is no loss of power when you switch. Electricity in Matthews is all delivered by the Oncor Transmission and Distribution Utility.
The wires and poles that deliver power to your home do not change when you switch energy companies. Therefore the reliability of your service is not affected.
You can pick any date within 14 days of your contract expiration without an “early cancellation” fee. Texas law protects you here.
If you’re still under contract, find out 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’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 lowest price.
You will want to gather your historical usage for the past 12 months to determine the best plan with the lowest rate for your household.
Matthews Energy Companies
Showing 30 active providers · residential. Sorted by Google rating.
Are you trying to find an excellent electricity company in Matthews?
You can sign up for service with great companies such as TXU Energy, Reliant, and Direct Energy.
To sign up, learn more, or view current rates, click on your chosen company.
No-Deposit Electricity Plans in Matthews
If you need to find an energy plan in Matthews 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.
That saves you a lot of time and hassle. No more clicking around and calling electricity companies to determine if a deposit will be required.
We will review the other plans for any deposit requirements instantly so you can get your power on and return to your day.
Learn how to get no-deposit lights.
Deposit Waivers
You may be eligible to waive the deposit if you meet one of the Texas Public Utility Commission §25.478 - PUCT §25.478.
Matthews Business Electricity Rates
If you manage a company in Matthews, you’re not alone.
Matthews is home to many small and large businesses and is a thriving town to run a company.
You need to shop for prices from competing energy companies to lower your energy bill.
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 choose the lowest price. Simple, quick, and easy.
Click hereto get competing quotes for your business electricity.
Matthews Utilities
Electricity
To learn more about smart meters or to download your electricity usage, visit (866) 223-8508.
To report an issue with your electricity service or power outages in Matthews, visit the https://outagemap.aeptexas.com/ or call them at (866) 223-8508.
Gas
Call or visit Matthews’ official city website for gas service in Matthews to determine who your provider is.
Waster/Sewer/Garbage/Recycling
In Matthews, water, garbage, sewer, and recycling services are usually handled by the City of Matthews.
Other Utility Service Areas in Texas
Not in the AEP Central 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.
- CenterPoint
- Oncor
- Texas-New Mexico Power (TNMP)
- AEP Texas North
- AEP Texas Central
- Sharyland Utilities
View Electricity Prices for Zip Codes in Matthews
Find cheap electricity rates by zip code. Click on your zip code below to find competitive rates in your area.
Popular TX ZIP codes
- 75001
- 75002
- 75006
- 75007
- 75009
- 75010
- 75011
- 75013
- 75015
- 75019
- 75020
- 75021
- 75022
- 75023
- 75024
- 75025
- 75028
- 75032
- 75033
- 75034
- 75035
- 75036
- 75038
- 75039
- 75040
- 75041
- 75042
- 75043
- 75044
- 75046
- 75048
- 75050
- 75051
- 75052
- 75054
- 75056
- 75057
- 75058
- 75060
- 75061
Showing 40 of 1321 TX ZIP codes.
View Electricity Prices for Cities Near Matthews
Are you looking for a cheap electricity rate in another city? Find your city below and click to sign up for a low-cost 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.