Electric Company Near Me

“I know I should compare prices and read all the fine print to find the most affordable electricity plan, but I just don’t have the time. HELP!”

If this sounds familiar to you, you already know how difficult it is to find the best electricity rates in Texas. Ditch the endless scrolling through websites and use the solution that thousands have already discovered. 

Introducing… Power Wizard

With our innovative service, you’ll never have to worry again. Power Wizard lets you shop with speed by finding the ideal plan for your electricity needs. 

 

You need electricity for your home, apartment, or business. So, like any person living in today’s modern, technologically-driven society, you do this:

You pull out your smartphone and type in “best electricity company near me.”

Many different companies show up, and you go to some of their websites. You start researching and find that the process to buy electricity isn’t as easy as you’d hoped.

How can you find the best electricity company near you? How can you make sure that you’re saving money by finding a great electricity plan?

This guide will share how you can find the best electricity plan based on your specific energy needs.

Why Are There So Many Electricity Companies In Texas?

Remember when you pulled out your smartphone and searched for something like: “cheapest electricity company near me.”Well, when you started looking into the results, you noticed that there might be a lot of electricity companies near you.

If you live in a major deregulated city like Houston or Dallas, there may be more than 50 electricity companies that service your area.

How can you know which electricity company is best for you and your family?

Before we share exactly how you can find the best electricity company based on your needs, we need to explain how electricity works in Texas since it’s very different than the rest of the United States.

Is Texas Different Than the Rest Of The United States?

Yes, Texas’s electricity market is very different than the rest of the United States.

How?

Electricity in Texas is deregulated. Most of the United States has regulated electricity.

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Texas Has Something Called “Deregulated Electricity”:

Texas is one of the few states in the US that has deregulated electricity:

Other deregulated states include:

• California
• Connecticut
• the District of Columbia
• Delaware
• Illinois
• Massachusetts
• Maryland
• Maine
• Michigan
• Montana
• New Hampshire
• New Jersey
• New York
• Ohio
• Pennsylvania
• Rhode Island

These states don’t operate exactly the same as Texas does. So, if you’re looking for information on deregulated electricity, make sure that you’re looking at information specifically related to Texas.

Deregulated electricity is designed to benefit you as the electricity consumer. We’ll explain more about deregulated electricity in the section below.

What Is Deregulated Electricity?

Deregulated electricity means that private companies (also known as Retail Electric Providers or REPs) are able to sell electricity directly to consumers. Regulated electricity means that government-regulated or government-owned electric utility companies sell electricity to consumers.

With regulated electricity, you might not have a choice. There may only be one electric utility company that you have to go with.

Not every city in Texas is deregulated:

Cities like Dallas, Houston, Corpus Christi, Waco, and Fort Worth have deregulated electricity.

There are some cites in Texas that are not deregulated, like San Antonio.

Can I Choose My Electric Company Because of Deregulated Electricity?

If you live in a deregulated city in Texas, then you can choose which electric company you want to work with.

Is choosing an REP beneficial to you?

It depends.

Here’s a story that’ll share how choosing your own electricity company near you is beneficial:

Let’s say that you live in Waco, TX. You need electricity for your 2,100 square foot home.

You search through electric companies near you and compare all of their available plans. As you’re looking at their plans, you’re taking into consideration your home’s size, your zip code, how old your home is, how old your appliances are, and much more.

After comparing dozens of plans, you choose the plan that will save you the most money.

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Here’s a story that’ll share how choosing your own electricity near you is not beneficial:

Let’s say that you live in Fort Worth, TX. You need electricity for your 3,200 square foot home.

You type in “electric company near me” into Google on your smartphone. You see an ad at the top of the search engine results page. You click it.

It takes you directly to a specific electricity company’s website.

You look through some of their plans, and you see one with a low price per kWh. You don’t consider how much electricity you use each month. But the rate looks cheap, so you buy it.

You had the ability to choose any company and any plan. And that’s the plan you chose.

What you didn’t realize (since you didn’t compare all the available plans or REPs near you) is that this wasn’t the right plan for you. There was another company with a different plan that was much better for your home and your usage. That plan would’ve cost you about $50 less per month.

The Answer Is Yes: You Could Simply Type In “Electric Utility Companies Near Me”

If you wanted, you could pull out your smartphone and ask Google, “Which utility company is cheapest near me?” and choose any utility companies that show up (and supply electricity to your specific zip code).

Your only restriction is that you have to choose a Retail Electric Provider that supplies electricity to your specific zip code.

Here’s the thing, though: To search through all the electric utility companies near you, compare all their plans, and read all their contracts would take weeks.

And, at the end of it, how can you truly know you’ve gotten the best plan?

With Power Wizard, it takes less than 5 minutes to find the best plan for your home and your usage.

Our unbiased algorithm is coded to do one thing: get you the best plan.

It doesn’t pick favorite electricity companies or get emotional about the decision. It simply looks out for your best interest. Use our Shopping Tool below to learn how you might be able to save money.

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You Probably Care About This: “Cheap Electricity Companies Near Me”

Now you know that you can choose any Retail Electric Provider in Texas.

But, here’s what you’re probably thinking:

“I don’t want to choose any electric utility company near me. I want to choose one that’s cheap.”

Of course, you want the cheapest electricity plan. Who doesn’t? However, the “cheapest” electricity company or the “cheapest” electricity plan might not actually be the best plan for you.

This is probably where people in Texas mess up the most when buying from electricity companies near them:

They think that the cheapest rate will save them the most money. Below, we’ll share why choosing the best electricity company for you isn’t as easy as you’d think.

Choosing The Cheapest Electricity Company Isn’t So Simple

“Cheap” Doesn’t Equal “Best”

When you look at electricity plans, we know exactly what you do first:

The first thing you probably look at is the price per kWh.

Most people are the same way. They get fixated on the price per kWh, but they fail to consider all the other factors that will influence how much money you actually spend.

The price per kWh for each plan doesn’t paint the whole picture.

• What if that plan doesn’t match the number of kilowatt-hours you use each month?
• What if that plan has a contract that will automatically renew you at a higher rate?
• What if that plan will charge you a hefty fee if you don’t use the minimum required kilowatt-hours each month?

By just looking at the price per kWh, you’re missing out on a lot of information that might impact how much money you spend.

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Consider These Important Factors Before Choosing An Electricity Company Near You

When you’re looking for an electricity company near you to find the best electricity plan, you’ll want to consider some important factors that will influence which plan is best for you and how much money you spend.

1. Where you live: Retail Electric Providers are not required to service every city in Texas. One REP might only choose to supply electricity to the Corpus Christi area. Another REP might want to supply electricity to Houston and Dallas. Your zip code will determine which electricity companies can even supply electricity to your home.
2. How big your home is: Everything’s bigger in Texas isn’t always the case. Many millennials are opting to live in smaller apartments in downtown areas. Usually, there’s a direct correlation between the size of your home and how much electricity you use (but not always). If you live in an 800 square foot apartment in downtown Houston, then you’ll most likely use a lot less electricity than someone who lives in a 4,100 square foot house. Be careful, though: The size of your home doesn’t always determine your usage. Someone might live in a large home but travel three weeks per month. Since they’re gone so often, they may use less electricity than someone who lives in a much smaller home.
3. If you like it hot in the winter and cold in the summer: Your electricity usage will help determine which plan is best for you. Many electricity plans in Texas are based on the number of kilowatt-hours you use each month. If you like to blast your AC in the summer to keep your home cool and crank your heat in the winter to keep your home toasty, then you’ll need to take that into account. You can look at previous electric bills to determine your historical usage. A quick note:Your historical usage in the summer will be different than your historical usage in the winter. Look at both to determine how much electricity you holistically use throughout the year.
4. If you like paying hidden fees or not: Electricity plans have in-depth contracts and comprehensive Terms of Service. Within these contracts and Terms of Service, REPs might sneak in some hidden fees. Here are some common fees to look out for: You might choose a plan with some of these hidden fees. So, you’ll need to be aware of your usage and make sure you abide by the rules of the contract.
5. If you want a Google Home with your electricity: Some REPs have deceptive marketing strategies to get you to sign up. An electricity company may offer a free Google Home with your electricity plan. Other REPs may offer “free nights and weekends” or no deposit when you sign up. Be careful: It’s best to choose the best plan for your home and your electricity usage rather than choose the REP with the best marketing strategy.
6. Whether or not you will have a locked-in electricity rate: There are different types of electricity plans in Texas. If you search for “electricity rates near me” on your smartphone, you’ll start to notice all these different types of plans. Prepaid electricity plans might not lock you into a specific rate. You’ll only pay for the electricity that you use, but you’ll be subject to the current market rate. A fixed-rate plan will ensure that you have the same plan throughout your contract.
7. And more: There are many other considerations that you need to take into account to ensure that you always have the best electricity plan for you. Here’s one consideration that most residents in Texas don’t think about: The plan that’s best for you today might not be the plan that’s best for you in six months. Oftentimes, people buy their electricity, and they immediately forget about it. But what if another plan comes on the market that’s better for you? That’ll save you money? At Power Wizard, our unbiased algorithm runs 24/7 to ensure that your plan is always the best for you. We monitor your usage, and if another plan becomes better for you, we help you switch.
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   How To Choose Electric Company

   

   After you type into Google, “cheap electric company near me,” there are two ways you can go about shopping for electricity in Texas:

   Manually spend hours searching through different electric utility companies near you

   Going to Google and typing in “best electricity rates near me” is just the beginning.

   If you want to find the best electricity plan through a manual process, here’s what you’d have to do:

   • Find out which REPs service your exact zip code
   • Go to each of those REP websites and gather all the information about their plans
     • Each REP might have dozens of plans that you need to consider
     • You can’t consider only the price per kWh. You’ll have to gather data in each contract and in the terms of service.
   • You’ll have to gather data about your home and your usage so that you can find the best plan based on your specific energy needs.
   • At this point, you’ll probably need to learn how to code or be a ninja when it comes to spreadsheets. You’ll need to find a way to compare all the data from the electricity plans against your specific energy needs
   • Since the step above might take weeks, you’ll have to then make sure that none of the rates changed (which there’s a good chance that some rates changed).
   • By this point, you’ll be so frustrated and tired that you’ll just end up throwing all the electricity plans into a hat, close your eyes, and hope you choose the right one.

   Spend less than 5 painless minutes using Power Wizard’s modern, unbiased algorithm

   Instead of spending hours of manual labor researching all the different electricity plans, Power Wizard has an easier solution. And the solution takes less than 5 minutes.

   Here’s how Power Wizard works:

   • You spend less than 5 minutes using our Shopping Tool
     • You share information like your zip code, your home’s age, your home size, your historical electricity usage (you can even upload a previous electric bill), and more
     • Our unbiased algorithm will quickly run your data against all the available plans on the market
     • After computing the data, Power Wizard will share the best plan for you based on your energy needs
     • Power Wizard will make the enrollment process simple so that you can get electricity to your home, apartment, or business as soon as possible.
       • After you’ve enrolled in the best plan for your electricity needs, Power Wizard will continue to monitor your plan and usage.
         • The best plan for you today might not be the best plan for you 8 months from now. Power Wizard’s unbiased algorithm never sleeps. If another plan becomes better for your energy needs, then Power Wizard will let you know. Our process even considers cancellation fees and set-up fees.
       • As a Power Wizard member, you can gain access to your dashboard whenever you want. You can monitor your plan, see your savings, and more.
       • As a Power Wizard member, you have access to our support team. Whenever you have a question, our support team is here to answer it.