Electricity Rates Killeen

If you are brand new to Killeen, there’s a lot to get used to. You need to figure out which school to send your kids to, which grocery store has the best prices, and of course, where to go for the best electric rates in Killeen. 

All these jobs are way too much for one person to have on their plate.

That’s why our team at Power Wizard created a tool for you to find your perfect electric rate in minutes.

Let us find you the best plan in seconds and start saving.

Find the Best Plan

Simply input your information and zip code into this tool and Power Wizard’s AI will do the rest. Our AI can find you the best electricity plan in your area in minutes so that you can spend your time trying all the restaurants in Killeen to find your favorite.

In this guide, you will learn all about electricity rates in Killeen and discover how to choose the best plan for your unique energy needs in less than 5 minutes.

Killeen Electricity Rates:

Located in central Texas, is the 21st most populated city in the state. Killeen is also known as a “boom town” because it is home to Fort Hood and the 1st Calvary Division.

Fort Hood is the most populated military base in the United States.

A large population means lots of energy usage. But lots of energy usage does not have to mean high electricity bills.

Keep reading to learn how you can find the best available electric rates in Killeen.

Electricity Deregulation in Killeen:

If you have lived in other states, you probably were not able to choose your electricity provider.

You were forced to sign up with the local power company and pay whatever rates they demanded.

Lucky for you, you are in Texas now!

In 2002, the Texas Senate passed a bill that deregulated electricity for most of Texas, including Killeen.

But how does deregulation save you money?

It opened the electricity market, allowing Retail Electricity Providers (REPs) to purchase energy from electricity generators.

The REPs then sell electricity to you, the consumer.

How Does This Affect Me?

So, electricity is deregulated in Texas, but how does that save you money?

Competition.

Since you have a choice in your electricity provider, they will compete for your business.

Imagine you are looking for a new cell phone. You want the latest high-tech phone, but you don’t want to overpay.

What do you do?

You shop and compare current cell phones on the market to find the best deal with the most tech.

It’s the same for electricity plans.

Shopping and comparing electric rates will help you find the best energy plan that meets your needs while not overpaying.

There are over 160 REPs in Texas, with nearly 2,000 individual plans. Each REP offers competitive rates and special incentives to get you to sign up with them.

In order to save money and get the best electricity plan, it is imperative that you shop and compare.

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So, how do you get started?

You could manually compare each plan and REP by sifting through dozens of websites and hundreds of plan descriptions. This will take endless hours and an enormous amount of patience.

Or you could let Power Wizard’s unbiased algorithm do the work for you.

We find the best available electric rate in Killeen for your individualized needs in just a few minutes.

How Do REPs Set Their Electricity Rates in Killeen, Texas?

Retail Electric Providers purchase electricity from energy generators. Energy generators create energy.

Most of the energy consumed in the US is generated by fossil fuels, nuclear, biomass, geothermal, and solar thermal energy.

The price that a REP pays depends on several factors, which we will discuss below.

Retail electric providers are the buyers and sellers of energy – the middleman.

REPs look at several factors such as:

• Energy markets
• Trends in energy usage
• Weather patterns

They purchase electricity at the lowest possible rate. Then they sell it to their customers while still making a profit.

For a more in-depth explanation of how Retail Electric Providers (REP) calculate electricity rates, check out this blog.

Several factors influence the current rates for electricity in Killeen:

Weather

Temperatures directly affect electricity rates. Extreme weather such as high temperatures and violent storms increase the rate per kilowatt-hour (kWh).

Supply and Demand

Electricity rates change minute by minute. These changes are the result of variations in the demand, the availability of fossil fuels, and power plant availability. Rates tend to be highest in the summer when demand is high.

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Distribution

The electricity you use in your home is distributed through power lines. These power lines are owned and maintained by local utility companies. The delivery charge on your monthly electricity bill is how the utilities charge for this service. This fee is in addition to the rate per kWh.

Electricity Rates in Killeen, Texas: How To Choose the Best One

With so many factors affecting electricity rates, it is nearly impossible to find the best plan for your needs on your own.

Energy rates and plans are constantly changing.

How can you ensure you are getting the best electricity plan for your needs?

To understand why it is important to focus on your unique electricity needs, let’s take a look at Rob and John and two different scenarios.

Rob is married with three kids. His family lives in a 2400 sq. ft home. He works at Fort Hood, so he is not home during daytime hours. However, his wife Sandy stays at home with their three children.

John is a newlywed; he and his wife Karen live in a small two-bedroom apartment. They both work outside of the home.

Rob chose a fixed-rate energy plan of 11.0¢ per kWh. The average American family consumes 10,972 kWh per year. Based on this average, Rob pays around $110.00 a month.

John and Karen selected a pay-as-you-go– plan with a rate of 21.0¢ per kWh. They assume since they don’t use much electricity, they will save money by prepaying for electricity.

If John and Karen consume 600 kWh monthly (nearly half the amount Rob and Karen use), they will pay $126.00. This is $16.00 more for half of the energy.

Don’t overpay for electricity like John and Karen.

Use Power Wizard’s Shopping Tool to find the best electricity plan for your unique energy needs.

Types of Electricity Plans in Killeen:

There are several types of electricity plans available in Killeen.

Let’s take a look at some of the most popular choices.

Fixed-Rate Electricity

Fixed-rate electricity locks in the rate per kilowatt-hour for a specific contracted term.

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How Does It Work?

The reason these rates are fixed and unchanging is due to the fact that your REP purchased energy on the market at the average price.

A fixed-rate plan keeps Killeen electric rates consistent, especially in the hot, steamy summers.

Pay-As-You-Go Electricity

Pay-as-you-go electricity, also referred to as prepaid electricity, is much like it sounds. You pay upfront for electricity.

How Does It Work?

Pay-as-you-go electricity may be a good option if you have a low credit score or don’t have extra money for a deposit.

Pay-as-you-go electricity may also be a good option for people who will be living in Killeen temporarily.

The convenience of no credit checks, no deposits, and no contracts come with the price of higher kWh rates.

Most prepaid electricity is based on a variable rate. This means as market rates fluctuate, so will your rate per kWh.

Month-to-Month Electricity

Month-to-Month electricity is a variable rate plan with no contract and no termination fees.

How Does It Work?

This type of electricity has no commitment and no termination fees.

The rate per kWh is higher because it is based on the current market value of electricity.

Month-to-Month electricity may be a good choice for Killeen residents who are looking for flexible rates without contracts.

Electric rates can change every 15 minutes based on demand, supply, and weather.

A variable-rate plan can save you money if the rates are low. But these plans will often cost far more when electric rates skyrocket.

Which Type of Electricity is Best in Killeen?

Choosing the best type of electricity in Killeen is like choosing the best way to cook chicken.

There are hundreds of electricity plans available, just like there are hundreds of ways to cook chicken.

To determine the best electricity plan in Killeen, you must first examine your unique energy footprint.

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The following factors influence your energy footprint:

1. Size and Age of Your Home

When it comes to energy usage, the age and size of your home matter.

The Energy Star label first appeared in homes in 1995.

The first Energy Star guidelines focused on improvements in three key areas of the home:

1. High-performance windows
2. Tight construction and ducts
3. Efficient heating and cooling equipment

These initial guidelines stayed in effect for 10 years, with some regional modifications to reflect more rigorous local codes or construction practices.

As mandatory energy requirements increased and construction practices evolved, the EPA (Environmental Protection Agency) developed stricter guidelines in 2006.

What do Energy Star ratings have to do with you and your electricity bills?

If your home was built after 2006, then your home consumes energy more efficiently than a home built years earlier.

Just as the age of your home affects your energy usage, so does the size.

Larger homes consume more energy.

2. Location

Electricity is like real estate; location is relative to the price tag.

We talked about the deregulation of electricity in Texas; however, not every city is included.

The following cities in Texas do not have deregulated electricity:

• San Antonio
• El Paso
• Lubbock
• Amarillo
• Austin (which is just a short drive from Killeen)

3. Historical Usage

How you consume energy is just as important as the size and location of your home.

Energy usage is like a thumbprint – everyone is unique. To determine your energy thumbprint Power, Wizard uses smart meter data to understand your historical energy usage.

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Which Company Has the Lowest Rates in Killeen?

We have talked about deregulated electricity in Texas and detailed the types of electricity plans in Killeen. We discussed how REPs determine energy rates.

But, you still want to know which company has the lowest electricity rates in Killeen, Texas.

The plan with the lowest rate does not always equal the best electricity plan for you.

Often, companies with low rates add additional fees and charges to your energy bills.

Consider These Factors When Searching For the Best Electricity Rate:

Hidden Fees

Hidden fees are tricky because they are usually buried deep within the Terms of Service agreement, on the bottom of the third page of your electric bill, or written in terms you don’t understand.

Here are a few hidden fees that can be added to your electric rate on your energy bill:

• Fixed charge: This is a mandatory fee charged before your meter even begins to run.
• Renewable energy fees: These fees are included on properties with solar lease or power purchase agreements.
• Reconnection/Disconnection fees: Charges to reconnect or disconnect service can be anywhere from $3 – $200. Pay-as-you-go electric plans often charge these fees when minimum account balances are not maintained, resulting in the termination of electricity.
• Minimum usage fees: Fees charged when your monthly usage is under the agreed kWh monthly allotment, a penalty for not using enough energy.

Cancellation Fee

Most retail electric providers require customers to sign contracts.

We will discuss contract lengths in the following section.

The thing about contracts is that they lock in specific terms and lengths of service. If you decide to cancel your electricity plan early, you could be subjected to hefty fees.

Some REPs charge up to $300 for early termination or canceling your electricity plan.

If Power Wizard recommends a switch in electricity providers, we include the amount of the cancellation fee as part of the overall savings recommendation.

Length of Contract

Fixed-rate plans often have contracts to keep your energy rates consistent.

But, to get those consistent rates, you are locked into a contract.

If you want to change electricity plans in the middle of your contract, you may be charged a penalty such as a cancellation fee or early termination fee, which we discussed above.

Contract lengths can vary from 12 months, 24 months, or 36 months.

Usually, the longer the contract term, the lower the kWh rate.

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What Rates Do Electric Companies Offer in Killeen?

Several REPs service the Killeen area. Below are three companies that offer electricity plans in Killeen, Texas:

TXU Energy offers fixed-rate electricity, free nights, and solar days plans. They also advertise plans with no contracts. TXU Energy’s current electricity rates in Killeen vary from 10.9 ¢ per kWh to 14.3¢ per kWh.

Frontier Utilities offers 100% green and environmental electricity. Their current electricity rates in Killeen range from 9.8¢ per kWh to 10.6¢ per kWh. Most Frontier utility plans require at least a 12-month contract and include additional monthly charges.

Reliant offers several plans, including fixed-rate, indexed rate, pay-as-you-go, and month-to-month plans. An indexed rate plan is similar to a variable rate plan. Reliant’s electricity rates in Killeen vary widely from 10.9¢ per kWh to 13.5¢ per kWh.

Each of these companies offers different incentives and rates. How do you know which one is the best choice for you?

It is simple. Just put your zip code into our Shopping Tool and let Power Wizard find the best available plan for your energy needs.

Reasons Why You Would Want to Switch REPs in Killeen

There are many reasons why you would want to switch your current retail electricity provider in Killeen.

1. You Are Moving to Killeen

One of the most common reasons for switching REPs is because you are moving to Killeen.

While shopping around for a new home, you should also be shopping around for the best available electricity plan for your needs.

If you are moving to Killeen as a result of military PCS orders, you want to save all the money you can.

If you are moving to Killeen because you love central Texas, you too want to save money.

We all want to save money.

One way to do this is by shopping and comparing electricity plans.

2. Unhappy With your Current REP

Every month your electricity bill increases. Your rates keep climbing higher and higher.

Your energy bill always includes added fees. What are surcharges anyway?

Why are you being charged extra for not using enough electricity?

Any of these experiences can make you unhappy with your current REP.

Life is too short to be unhappy due to overpaying for electricity.

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3. You Want to Get the Best Plan Available for You

You want the best electricity plan available for your energy needs. But you are not sure if your current REP is the best.

To find the best plan available, you will need to scan through each REP and each individual plan offered. You will then have to compare each plan to find the best available plan.

This task is time-consuming and still won’t guarantee that you will find the best plan.

Don’t worry.

You can still have the best energy plan available in Killeen.

Power Wizard’s all-seeing technology regularly scans the market to ensure your current rate is the best rate for your energy needs.

We regularly monitor your usage and calculate your costs based on your contract.

How To Switch Electricity Plans in Killeen to Get a Better Rate:

Are you ready to make the switch?

You have two options when switching electricity plans in Killeen.

Option 1: Compare All REPs in Killeen by Going to Each of Their Websites

You can search through each retail electric provider to find the best electricity rates in Killeen.

To do this, you will need a list of every REP in the area, along with a list of each individual energy plan.

Sounds fun, right?

Once you have gathered this information, you will need to make an apples-to-apples comparison to determine the best electricity plan for you.

Oh, and don’t forget to factor in your home’s age and size along with your historical energy usage.

Be sure to also factor in each plan’s terms of service contract. You will need to read all that fine print to make sure there are no hidden fees or extra charges.

Are you feeling overwhelmed at the idea of finding the best electricity plan?

Don’t sacrifice your time and sanity to find the best electricity rate in Killeen: Just let Power Wizard do the work for you.

Option 2: Save Time and Let Us Do the Research

Power Wizard can make switching REPs seamless.

As soon as you sign up with Power Wizard, we start searching for the best electricity plan available for your unique energy needs.

We will enroll you with your new electricity supplier, and your current supplier contract will automatically end.

It’s that simple.

We also always review your current REP contract to ensure any and all term fees are considered when making the switch.