The Colony Electricity Rates

Your Insider’s Guide to Finding the Best Electricity Rates and Energy Plans in The Colony

Whether a business owner, new resident, or long-time citizen of The Colony, this comprehensive guide will enable you to find your best solution for an electricity plan.

The Colony Electricity Rates

You can choose your household’s energy company in The Colony.

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

These official rates are the same prices you’ll find calling the energy companies or visiting their websites.

Competing plans from many different electricity companies are shown in a convenient grid that makes evaluating alternatives simple and fast.

This allows Texas energy customers to avoid hidden fees and marketing gimmicks by comparing plans “apples-to-apples” without consuming hours and hours calling different energy companies or navigating dozens of different websites.

Electricity Price Trends in The Colony

Energy in The Colony has been deregulated. As a resident, you have a choice when picking a retail electricity provider (your electricity provider), which gives you control and power over your energy bills.

Deregulation of electricity in the state de-monopolized the electricity market for most of Texas, the city of The Colony included, which introduced massive competition.

As a result, many excellent energy providers compete for your business in The Colony by offering low rates, making it a great time to compare, switch, and save money on your energy statement.

As many as 65+ providers compete for your business in The Colony, and hundreds of plans exist to sort through.

Average Electricity Rates in The Colony

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

Got me the cheapest electric. Nice.

How to Find the Best Energy Plan in The Colony

#1 rule: Determine what your usage is!

Determining the amount of energy, you will use monthly is the best way to shop for energy in The Colony. Why is this important?

The rate 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 determined, and your monthly bill will be determined by how much power you use in the month.

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

Thankfully, there’s a better way to pick your energy plan.

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

Better yet, if you have 12 months of usage history for your home, 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 absolute best way to discover the perfect electricity rate plan for your home.

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

We put you in the driver’s seat, taking what would amount to hours of research, spreadsheets, and computations across hundreds of plans and assisting you step-by-step with the energy rate plan that’s best for your home’s consumption.

We clarify the fine print, disclosing all fees, so you’ll know exactly where your money is going and what to expect on your monthly bill.

We then assist you in enrolling with your chosen energy provider without ever having to leave our service.

The bottom line is you should determine your expected or historical usage before ordering 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 usage history. In that case, you can always estimate your average monthly energy.

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 The Colony: Setting up Electricity

If this is your first time setting up electricity service in The Colony, 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 possibly switch plans.

Switching Electricity Companies in The Colony

Switching is good. Market conditions are constantly in flux, so it is essential to shop for a lower rate each year when your contract is close to expiring.

Your existing electricity provider will generally raise your energy rate once your contract expires. If you fail to 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 energy providers.

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

Switching is easy:

• You don’t have to contact your current company to cancel (no “break-up call”)
• No one comes to your home
• There is no disruption in your electricity supply
• It takes just minutes

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

Your lights stay on when you switch. Electricity in The Colony 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 within 14 days of your contract expiration without an “early cancellation” penalty. Texas law protects you here.

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’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 rate.

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.

The Colony Energy Companies

Looking for a great electric company in The Colony?

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 The Colony

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

If your first choice 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 will be required.

We will instantly check the other plans for any deposit obligations so you can get your lights 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.

The Colony Business Electricity Plans

If you run a company in The Colony, you’re not alone.

The Colony is home to many small and large companies and is a great town to run a company.

To lower your electricity bill, compare rates from competing energy companies.

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

You enroll your information once, and the companies will present their bids. You pick the best price. Simple, quick, and easy.

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

The Colony 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 The Colony, visit the https://stormcenter.oncor.com or call them at +1 (888) 313-4747.

Gas

Call or visit The Colony’s official city website to determine who your provider is for gas service in The Colony.

Waster/Sewer/Garbage/Recycling

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

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.

• CenterPoint
• Oncor
• Texas-New Mexico Power (TNMP)
• AEP Texas North
• AEP Texas Central
• Sharyland Utilities

View Electricity Prices for Zip Codes in The Colony

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 The Colony

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.

The Colony Electricity Rates FAQs