Finding The Best Electricity In Midland, TX

Midland, TX Electricity - Everything You Need To Know

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Electricity Rates Midland:

You might be asking yourself, “How much is electricity in Midland?”

Know this: There are certain things you need to take into account before comparing electricity rates.

Important Factors To Consider

1. Price per kWh isn’t the final price

Consider this:

Sam just moved to Midland, TX, and has never had to shop around for electricity before.

He figures the best deal is the electricity plan offering the cheapest price per kWh, so he buys the first one he comes across without comparing other plans and rates.

But, here’s what Sam didn’t think about:

The electricity plan he purchased is a time-of-use plan.

The lowest rate of 8.7¢ per kWh is only offered at certain times of the day.

All other times of day have a rate of 9.8¢ per kWh.

Sam’s work schedule takes him out of the house during the low-rate hours of the day.

He’s now facing an extra $40-$50 on his electric bill each month because his lifestyle doesn’t coincide with his electricity plan.

Just because a plan has the lowest rate per kWh doesn’t mean it’s the best deal for you.

2. Hidden fees

Time-of-use charges are just one of the possible hidden fees you could see on your electricity bill.

Some of the most common hidden fees are:

Move-in/move-out fees. Some companies will charge you extra at move-in or when you move out of a living space. This is mostly for having to connect/disconnect your power.
Cancellation fees. Many, if not most electricity providers will charge a fee if you try to get out of your contract early.
Base charge fee. If your plan is measured by kWh, you could go on vacation and still be charged a base fee even if you didn’t use any electricity.
Minimum usage fee. For some plans, you can get charged if you use less than the minimum kWh per month. This can be found in your contract.
And other hidden fees.

Before buying an electricity plan in Midland, read the terms of service for any potential fees you could incur on your bill.

If there are ways to avoid such fees, you can take the necessary measures to keep the total of your electric bill down.

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3. Contract renewal upcharge

Think about this:

Connie’s 12-month contract with her electricity provider has just ended.

She doesn’t check with her REP to see what will happen with her electricity. Her power doesn’t get disconnected, so everything seems the same as before.

However, when she gets her bill the following month it’s a lot higher than she used to pay.

Connie didn’t realize that the lower electricity rate was only for the first 12 months.

She already opted in for a renewal, and now she’s stuck paying more than she anticipated.

When shopping for electricity plans in Midland, look out for any contract renewal upcharges stated in your contract.

4. Types of plans

Retail electricity providers (REPs) in Midland offer a variety of different electricity plans. Some plans may include:

No deposit
Free nights and weekends
Prepaid lights
And more

In order to find the best perks that benefit your electricity needs, you’ll need to compare each available plan in Midland.

Compare Electricity Rates Midland:

You want to know “Who has the best electricity rates in Midland, Texas?”

With so many different options and perks, you’ll want to shop around to find the best rate in Midland that fits your electricity needs and lifestyle.

The first low rate you come across is likely NOT going to have what you need in an electricity plan (like we see in Sam’s story above).

What’s the Best Electricity Rate in Midland?

The best electricity rate for you is based on your needs as an electricity consumer.

Certain factors will influence which plan and rate are best to fit your lifestyle. Such factors include:

Size of your house
Age of your house
Location (rates may vary from zip code to zip code)
Historical usage
And other relevant factors

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How to Choose Electric Company in Midland

There are two methods to choose an electric company in Midland, TX.

Manually Search for Each Company in Midland

Imagine…

Jane just spent 5 hours tracking down all the available REPs in her area.

Now she has to spend another 3-6 hours comparing every single electricity plan from the dozens of REPs in Midland.

Jane is tired, confused, and overwhelmed by having to compare each plan individually.

How will Jane know if the company and plan she chooses are the best for her needs?

She won’t.

Searching manually is time-consuming, frustrating, and isn’t guaranteed to find you the best plan.

Use Power Wizard to Find an Electric Company in Midland

You don’t have to research each electricity company on your own.

Your experience with Power Wizard’s unbiased algorithm will look something like this:

Enter your zip code and other relevant information into our Shopping Tool.
Let our algorithm search for every available plan in Midland that fits your unique criteria.
Use our results to choose the best company and electricity plan for your needs.
We’ll help with cancellations for your current plan and the signup for your new plan.
After signup, our system will continue to search for better plans for you in Midland.

The whole process takes less than 5 minutes.

Get started with our Shopping Tool.

Electric Companies in Midland

There are dozens of electric companies in Midland to choose from.

All electric companies in your area have the chance to try to win your business since electricity is deregulated in Texas.

What’s the Best Electric Company in Midland?

The best electric company in Midland for you will be different than the best plan for your neighbor.

Each person or family has a different:

Home size
Home age
Electricity usage history
Lifestyle
Daily Schedule
And more

These factors determine which plan is the best fit for you and your lifestyle.

Discover the best electricity rates.

Power Wizard finds you the best electricity plan and ensures you won’t overpay for electricity again.

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How do you find the best electric company in Midland for your energy needs?

You can research each available company in your zip code, which could take hours of work.

This method also doesn’t guarantee you’ll find what you’re looking for.

Or, use Power Wizard’s Shopping Tool.

Our 100% unbiased algorithm can find you the best company for your electricity needs in less than 5 minutes.

You can get started now by entering your zip code.

Electricity Plans Midland

There are many types of plans available in Midland. The plan that’s right for your energy usage will vary compared to your neighbor’s plan.

Here are some of the popular electricity plans in Midland:

Flat Rate Electricity Midland

A flat-rate plan, also known as “fixed-rate,” means you pay the same rate for your electricity each month for the duration of your contract.

This could save you money if wholesale electricity prices go up, but if the market prices go down you could be stuck paying the higher rate.

Here’s another point to consider:

A flat rate does NOT mean your bill’s total will be the same each month. The flat rate is per kilowatt-hour (kWh).

Think of it this way:

If your rate is 10¢ per kWh and you use 1300 kWh in one month, your bill would be $130 for electricity. If you use 1500 kWh the next month, your electricity would cost $150.

Those dollar amounts don’t include any additional fees your electricity provider may add to your bill.

Prepaid Electricity Midland

A prepaid electricity plan means you only pay for the electricity you use.

Here’s how it works:

Get an account set up with your electricity provider.
Pay money to that account.
The money gets depleted as you use electricity.
Continue to make payments to the account as needed.

This type of plan could be a good fit if you like keeping track of how much energy you use.

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But keep in mind:

Many companies require a minimum balance in your account. If your account dips below that threshold before you make another payment, your electricity could get disconnected.

Average Electric Bill in Midland

According to PayScale.com, the average energy bill in Midland, TX is $159.44/mo.

Even with this average, electricity rates are heavily dependent on factors such as:

Size of your home
Age of your home
Historical usage
And more

This makes it difficult to give a definitive answer to the question, “What is the average electric bill in Midland?”

Think about this:

You’re living in a large home in the suburbs of Midland. Meanwhile, Susan is living in a studio apartment in the city.

Your electric bill is going to be much different than Susan’s simply because of the extra amount of energy needed for your living space.

Midland Electricity News:

Power companies serving Midland try to work fast any time a power outage happens in the area.
Raising Cane’s, a fast-food chain, pushes its opening to February 2020 because they lack a permanent supply of energy.

Neighborhoods in Midland:

Zip Codes

Discover the best electricity rates.

Power Wizard finds you the best electricity plan and ensures you won’t overpay for electricity again.

Learn More in Under 2 Mins