Your insider’s guide to finding the best electricity rates and energy plans in Odessa
This complete guide will help you find the best electricity option in Odessa whether you are a business owner, a long-term resident, need a power plan with no deposit, or are new to the state.
You can choose your electricity provider for your home or business in Odessa.
Established in 2009, Compare Power is a free consumer service that has assisted residents of Odessa in finding their perfect energy plan.
You will find the same rates if you call or visit the websites of these same energy companies.
Compare Power makes comparing your options easy and quick by showing offers from competing companies in a standardized format.
This allows you to avoid wasting hours navigating websites and making phone calls while helping Texas consumers to avoid advertising gimmicks and hidden fees.
Electricity Price Trends in Odessa
In Odessa, electricity is deregulated. This means you have a choice as an energy consumer when choosing your electricity company (retail electricity provider). This allows you more control and flexibility over your energy costs.
Deregulation of the electricity supply in Texas de-monopolized the energy market for most of the state, the city of Odessa included. Deregulation introduced competition into the energy market.
Because of deregulation, more than one retail electricity provider competes for your business in Odessa. This competition results in lower rates, making it the perfect time to shop and switch companies to save money on your energy bill.
60-100 retail electricity companies are competing for your business in Odessa, meaning you have hundreds of plans to choose from.
Average Electricity Rates in Odessa
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 Odessa
Rule #1 - Know your usage!
Knowing your energy usage is the best way to find the lowest rate.
When shopping for power in Odessa, the most critical piece of information is to know how much energy you use from month to month.
Energy companies advertise their rates at a single usage point that might not be relevant to all consumers, usually 2000 kWh.
Each company uses a different calculation to determine your monthly bill based on the energy you use each month, making bills vary monthly.
If you do not use the exact amount of advertised usage each month, the “price per kWh” will be different than the one advertised.
The solution…Compare Power is a better way to shop for energy because you can shop at any usage.
Happily, you have a better option for shopping for energy.
Calculating the monthly bill based on usage is the best way to shop for energy.
The most effective way to shop for the lowest electricity rate is to calculate your total monthly bill according to your expected monthly usage (or the entire year calculated by 12 months) and compare plans from competing companies to find the lowest rate.
Compare Power can do this for you instantly.
What would have previously amounted to hours of research, calculations, and spreadsheets comparing hundreds of plans is now available in an easily navigated step-by-step system to help you find the most efficient energy plan for your home or business.
All fees are disclosed, and the fine print is clarified, so you’ll know precisely what you are signing up for and where your money goes.
Once you choose the right plan, you can sign up with the electricity provider without leaving the site. You must know your historical and expected usage to select the right plan.
Estimate if you don’t know your usage
If you don’t have access to the previous 12 month’s usage, or you have a brand-new home, you can estimate your energy usage for an average month.
This may not be as advantageous as knowing your previous 12 month’s usage; estimating is still more favorable than simply choosing the advertised first plan, especially not knowing if you will even use the specific amount of energy required by the electricity provider to get that rate.
Use Compare Power to find the best energy plan for your specific usage.
Moving to Odessa: Setting up Electricity
Did you know that Odessa is the home of the high school portrayed in Friday Night Lights?
It is also home to the Sandhills Stock Show and Rodeo - a premier event that includes a livestock show, a competitive horse show, a rodeo, and live music.
Founded in 1881, Odessa served as a cattle-shipping point and water stop for the Texas and Pacific Railway and is home to the 2nd largest meteor crater in America.
Odessa is home to Odessa College and the University of Texas of the Permian Basin, which features a replica of the famous Stonehenge.
Odessa boasts the world’s biggest jackrabbit, Jack Ben Rabbit, who stands 8 feet tall. You can also visit the Parker House Ranching Museum.
Once you have your fill of rodeos and football, you can visit the Wagner Noel Performing Arts Center, where you can see Broadway plays, musical artists, dance troupes, or the Midland-Odessa Symphony and Chorale.
Important: If this is your first time setting up electricity in Odessa, you need to get the previous 12 months of energy usage for your new home to get the best rate.
You can ask the previous owner for their past 12 months of usage, which is easily found on their recent billing statements.
The time and money you save by trying to acquire the past year’s usage will be well worth the effort it takes.
Once you have the information, Compare Power does the math instantly and finds the best plan representing your home’s usage pattern.
Note: Utilize the “Help Me Choose” tool if you do not have access to the usage history of your new home to estimate your monthly usage. Simply enter your zip code, and the tool will help you to gauge your home’s usage.
Instantly sign up for a plan using Compare Power, and we will remind you when it’s time to come back and compare rates at the end of the plan term you choose.
Switching Electricity Companies in Odessa
Switching companies can be beneficial. Each year, when your contract expires, it is essential to shop for lower prices.
Lower prices are often available because market conditions constantly change, and competition can be fierce.
At the end of your contract for a plan, your electricity provider can automatically raise your rates, even if you choose a new plan with them.
Before you renew a contract, check out the rates of competing providers. Switching providers can save you hundreds, even thousands, of dollars each year on energy costs.
Switching is easy:
- No need to call your current provider to cancel
- No one needs to come to your home
- There will be no disruption of your power service
- It takes only minutes
If you decide to switch, your new electricity provider will do all the work for you - including canceling your service with your current company.
You don’t have to worry about losing power during the switch because electricity in Odessa is delivered by Oncor Transmission and Distribution Utility.
The reliability of your service is not affected by the wires and poles delivering electricity to your home remaining the same.
Texas law states that you can choose a date up to 14 days before the end of your contract with no “early termination penalty.”
What if I am on a long-term Contract?
If your contract is still valid, determine how many months remain. Most companies allow you to set a start date up to 60 days in advance.
Even if there is a lengthy period left, the money you save by switching providers could exceed the fee for ending your contract.
Knowing your usage is the key to finding the truly best price.
If you are thinking of switching and want to find the best plan, understanding your usage is the most effective way to find the best rate.
Have your usage for the past 12 months available to determine the best platform providing the lowest possible rate for your home.
Odessa Energy Companies
Are you looking for an outstanding electric provider in Odessa?
Get services from great companies like TXU Energy, Reliant, Direct Energy, and more.
No-Deposit Electricity Plans in Odessa
Looking for an energy plan in Odessa that requires no deposit?
Compare Power can show multiple plans that may not require a deposit with a single application.
If a deposit is required for your first plan of choice, Compare Power automatically shows you other plans that require no deposit.
This saves you the hassle and time of clicking on websites and calling energy providers to determine if you will be assessed a deposit.
Why should it be required that you pay a deposit to get your lights turned on? Maybe, you won’t have to.
Each company is different. For each company that requires a deposit, there could be several that do not.
We instantly check deposit requirements, allowing you to get electricity and go about your day.
Learnhow 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.
Odessa Business Electricity Plans
If you own a business in Odessa, you are in great company.
Odessa is a thriving town home to many small and large companies, with the oil industry being the most prominent.
Well-known oil and gas businesses include Halliburton, Keane Group, and Weatherford. Odessa is also home to national retail employers such as Walmart and Dollar General.
It is imperative to compare rates from competing providers to lower the energy costs for your business.
As a business owner, the open competition that results in lower prices can positively affect your bottom line.
As energy is our primary focus, we can often secure lower rates than individual business owners.
In addition, many energy companies require a business to go through a commercial energy broker.
Compare Power is a go-between for your business by inviting energy providers to compete using sealed bids.
Submit your information, and companies present their bids - allowing you to pick the best rate.
Simple, quick, and easy.
Click here for competing quotes for your business electricity.
Odessa Utilities
Electricity
To download your electricity usage or learn about smart meters, visit Smart Meter Texas.
To report power outages or issues with electricity services in Odessa, call or visit the https://stormcenter.oncor.com: +1 (888) 313-4747
Gas
For gas service, call or visit CenterPoint Energy at 888-286-6700.
Garbage/Recycling Pickup
Garbage pickup is provided by the Solid Waste Division of the Odessa Public Works Department and is included in your water bill.
Customer Service: 432-368-3510 Email: sw@odessa-tx.gov Take your recycling to the Odessa Recycle Center Address: 816 West 42nd Street
Water
The City of Odessa’s Utilities Department is a public utility operated by the Public Works Department of Odessa.
Customer Service: 432-335-3204 Hours of Operation: 8:00 am - 5:00 pm Monday - Friday
Other Utility Service Areas in Texas
If you are not in the Oncor service area, you can search for low rates by service area and local utility company. Click on your Texas Distribution Utility (TDU) below to examine electricity rates for 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 Odessa
Search for lower rates by zip code. Click your zip code below to find the best rates in your area.
Popular TX ZIP codes
- 75001
- 75002
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- 75020
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- 75061
Showing 40 of 1321 TX ZIP codes.
View Electricity Prices for Cities Near Odessa
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.
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