Your insider’s guide to finding the best electricity rates and energy plans in Abilene
If you’re a long-time resident, a new mover, own a business, or need no-deposit power, this complete guide will help you find your perfect power plan in Placedo.
Placedo 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 company in Placedo.
Compare Power is a free consumer service started in 2009 to help residents of Placedo shop for their lowest-rate electricity plan.
These official rates are the same rates you’ll find contacting the energy companies or visiting their websites.
Competing plans from many different energy providers are shown in a simple grid that makes comparing your options simple and quick.
This assists Texas consumers in avoiding hidden charges and advertising gimmicks by comparing plans “apples-to-apples” without spending hours making phone calls or sorting through hundreds of websites.
Electricity Price Trends in Placedo
Energy in Placedo is deregulated. As an energy consumer, you have a choice when selecting a retail electricity provider (your electricity provider), which gives you insight and command over your energy bills.
Deregulation of electricity in the state de-monopolized the energy market for most of the state, the city of Placedo included, which introduced massive competition.
As a result, many fantastic power companies compete for your business in Placedo by offering low prices, making it a great time to shop, switch, and save money on your power bill.
As many as 100+ providers compete for your business in Placedo, with hundreds of plans to sort through.
Average Electricity Rates in Placedo
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 Placedo
#1 rule: Usage is king!
Knowing the amount of electricity you will use in a month is the ideal way to shop for energy in Placedo. Why should you care?
The rate you see energy providers advertising is for an exact monthly usage (typically 1000 kWh).
Every plan has a different calculation for how your monthly bill is calculated, and your monthly bill will be determined by how much energy you use each month.
Unless you match the exact advertised usage each month, you will end up paying a “price per kWh” different than what you saw when you ordered.
Fortunately, there’s a better way to select your power company.
Calculating your expected monthly bill based on anticipated monthly usage, then comparing rates with the total monthly bill is the best way to shop for the lowest rate for your household.
Better yet, if you have a year of usage history for your home, you can compare plans by total annual cost. This annualized method considers the changes in usage between summer and winter months and is the absolute best way to determine your home’s ideal energy rate plan.
Compare Power does all this math for you in an instant. What takes hours on a spreadsheet is now done in just moments.
We put the power in your hands, taking what would amount to hours of investigation, spreadsheets, and calculations across hundreds of plans and navigating you step-by-step to the electricity rate plan that’s best for your home’s usage.
We clarify the details, disclosing all fees, so you’ll know precisely where your money is going and what to expect on your monthly bill.
We then assist you in ordering your plan with your chosen energy provider without leaving our service.
The takeaway here is you must understand your expected or historical usage before ordering the right 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 monthly energy usage 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 shop for the best electricity plan for your specific usage.
Moving to Placedo: Setting up Electricity
If this is your first time setting up electricity service in Placedo, 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 Placedo
Switching is good. Market conditions are constantly changing, so it is important to shop for a lower price every year when your contract is close to expiring.
Your existing electricity company will normally raise your energy rate once your contract expires. If you do not act, you’ll be left on a month-to-month rate significantly higher than the plan you signed up for.
Before renewing your contract, shop the rates of competing electricity companies.
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 provider.
Your lights stay on when you switch. Electricity in Placedo 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 electricity providers. Therefore the reliability of your service is not affected.
You can choose any date up to 14 days before your contract ends without an “early termination” penalty. That’s Texas Law.
If you’re still under contract, find out how many months remain on your contract. You can set a future start date with most companies 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 knowing your usage is the best way to find the lowest 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 must collect the usage history for the past 12 months.
Placedo Energy Companies
Showing 30 active providers · residential. Sorted by Google rating.
Are you trying to find an excellent electricity company in Placedo?
You can sign up for service with great electricity providers such as TXU Energy, Reliant, Direct Energy, and more.
Click on the provider of your choice to view prices, learn more, or sign up.
No-Deposit Electricity Plans in Placedo
Need to find an energy plan in Placedo that doesn’t require a deposit?
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 providers to determine if a deposit is needed.
Working for you, we will instantly check any deposit obligations for other plans, allowing you to get power and return to your everyday activities stress-free.
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.
Placedo Business Energy Plans
If you run a company in Placedo, you’re not alone.
Placedo has become a thriving place for many small to mid-sized companies. The city is small enough to get to know people and thrive, yet close enough to large metropolitan cities that provide even more growth opportunities.
You must shop for rates from competing energy companies to manage your electricity costs.
Compare Power bridges the gap between your business and energy companies by inviting various energy companies to compete for your business in a sealed bid process.
You submit your information once, and the companies will present their bids. You choose the best rate. Simple, quick, and easy.
Click hereto get competing quotes for your business electricity.
Placedo 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 Placedo, visit the https://outagemap.aeptexas.com/ or call them at (866) 223-8508.
Gas
For gas service in Placedo, call or visit Placedo’s official city website to determine who your provider is.
Waster/Sewer/Garbage/Recycling
In Placedo, the City of Placedo usually handles water, garbage, sewer, and recycling services.
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 Placedo
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
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- 75020
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- 75061
Showing 40 of 1321 TX ZIP codes.
View Electricity Prices for Cities Near Placedo
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.
Don’t see your city on the list? Use the zip code finder to search for your new low rate in your city.