Compare The Cheapest Electricity Rates in Austin, Texas
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Find The Cheapest Power Plans in Austin
When Energy Deregulation was introduced in Texas in 2002 the energy market completely changed course. This meant that millions of Texans, including residents of Austin, finally had the power to choose their own electric suppliers and take advantage of cheap electric power plans.
There are plenty of Electricity Companies serving Austin. They all offer different plans and prices. Comparing them all is overwhelming. Who has the time to do that?
We developed a comprehensive, yet easy-to-use comparison tool that finds all the available options and presents them to you in an easy-to-understand dashboard, already pre-sorted with the cheapest electricity plans showing on top.
Using our free service you can rest assured that you’re getting a cheap electricity rate. You can also filter plans based on specific preferences, or estimate your monthly bill based on your historical energy usage patterns.
If you live in Austin, read on to find out how to get the best electricity plan…
Moving to Austin or Switching An Energy Plan?
Even if you already live in Austin, you can still enjoy a cheaper electric bill. We built this website to make sure you’re getting the best deal when shopping for a new energy plan. We take all the guesswork out of the process and present you with an unbiased apples-to-apples comparison between all the different plans.
With dozens of electric companies competing for your business and offering electricity services in Austin, it is extremely difficult to find that one plan that offers you the most savings.
Many of the provider websites you visit are difficult to navigate. They show advertised rates in a large bold text but hide the additional fees that come along with it.
Why spend the time manually comparing plans when SlashPlan can do it for you?
Our service is 100% FREE.
You may ask, how do we make sure we’re finding the best price?
We monitor a large number of electricity plans, by different energy suppliers in Austin which updates daily, and we present them to you in one easy-to-understand list, with the cheapest rates showing first.
PRO TIP: The get the most accurate bill estimates, know your monthly usage. Ideally, pull the previous 12-month history from your current provider and enter them on our comparison page.
Why Compare Electricity Rates?
We tend to get used to the “status quo”. We are busy and have other important things to do during our day. Most people simply think of their energy plan as a “set and forget” plan, which is a dangerous thing to do!
Electricity companies are there to make a profit, and they will use different methods to charge you more. They use difficult-to-understand pricing tiers and terminology that is now known to the average consumer.
Without using an energy comparison service like SlashPlan you may not be aware of all discounts you can take advantage of, or the hidden fees that will mysteriously show up on your bill.
Still not sure why? Let me show you a common scenario:
2 energy companies (Company A & Company B) both charge 10¢ per Kilowatt Hour (kWh). Most people would look at it and think that the prices are identical, therefore their monthly bill would be identical too. Wrong!
Most of the prices that are advertised by the energy companies are Tiered Prices. So you will only pay the advertised rate if your monthly usage falls under that specific tier. Going back to our scenario, it would look something like this:
Company A offers the advertised rate when your monthly usage is ABOVE 2000 kWh.
Company B offers this price when your monthly usage is UNDER 1000 kWh.
So if we go back now and ask the same question. Which company offers a better rate? The truth is, you can’t determine that without looking at a few other parameters… Your bill price will be determined by various parameters such as monthly usage, base charges, usage credits, discounts, time of usage, and more… Calculating how much you’re ACTUALLY going to pay is impossible without taking all these parameters into account.
That’s exactly what we’re here to solve!
We display all-inclusive pricing from different providers in a standard, easy-to-read platform.
For you to know you’re making the best decision, you need to have all the details in front of your eyes. Including all fees, discounts, and plan terms.
We’ve put all this information at your figure tips.
With our comparison service, you can finally sort and filter plans to match your specific criteria. The best options will show on top of the list by default.
To make sure you are not misled by the energy providers, we display all-inclusive prices on our platform. We include all the credits and discounts you will be getting based on your exact usage. Oftentimes, the rates that are advertised online are associated with the highest usage levels, which are usually the lowest. Don’t let these rates fool you. Most households do not reach the usage levels that are needed in order to qualify for these low rates.
SlashPlan has your best interest in our heart, and when shopping for energy, we are loyal to you. We act on your behalf to level the playing field and let the electric providers fight and compete to earn your business.
We supply you with all the info that you need in order to make the best purchasing decision. We only show rates from well-respected and reputable energy companies that you can rely on.
Even if you aren’t moving, you can save hundreds of dollars a year by switching providers. If you’re not locked into a contract with your energy provider you are likely overpaying.
Check how much you could be saving on your Electric Bill
Best Power Plans and Rates in Austin
Please note: The rates above are updated periodically. Current energy rates may have changed since our last update. To get the latest energy rates in your area please go to our comparison page and enter your zip code. Energy rates shown above are for a residential monthly consumption of 1000 kWh in zip code 77043.
Average Residential Electricity Rates in Austin, Texas
Homeowners in Texas have been paying an average price of 11.1¢ kWh (Kilowatt/Hour) for their electricity between 2001-2020. Since Retail Electric Prices are constantly fluctuating, it’s difficult to tell if the plan you’re currently enrolled in is offering you a good deal. The rates that you manually worked hard to compile may not be relevant by the time you sign-up. The energy company that gave you the best deal last year may no longer offer the best prices.
Stop wasting time and overpaying for electricity
With SlashPlan you can compare and instantly get up-to-date unbiased energy rates, pre-sorted with the lowest prices showing first.
How To Find A Reliable Energy Company in Austin?
It’s important to understand that when you sign up for service, your are enrolling with a Retail Electric Provider. Your provider is not in charge of servicing and maintaining your energy infrastructure, and they are not the ones that will fix blackouts or outages. Maintenance is done by a separate utility company, also called a “TDSP”.
Sound counterintuitive, right?
To make sure that the energy market is competitive, law-makers decided that these TDSP’s will not be allowed to sell energy directly to the consumer.
The utility companies are, however, in charge of delivering the electricity to your home, and maintaining the power lines and the energy infrastructure.
For any issues with blackouts, power outages, or the electric meter, you will need to contact the utility company directly.
What does this mean for us, the retail consumers?
This means that the electricity that you receive to your home or business is literally all the same. Regardless of which company sells it to you. There is only 1 utility company that services your address, and they are the only company that delivers electricity to you.
So what’s the difference between all the other energy providers?
They all have different structured plans and prices.
Some companies focus on Green Energy, while other focus on offering No-Deposit, or Short Term Variable plans.
If prices are the same, then the main differences that you should pay attention to are the provider’s customer service, early termination policy, and ease of communication.
When you choose an electric plan through SlashPlan you can be confident that you will be signing up with a quality energy supplier. We verify the providers that we work with and only feature companies that have a strong proven track record and a high customer satisfaction score.
Find The Best Power Plans in Austin
Not Sure Which Energy Plan Will Work For You?
Deciding on a new plan? Here are the top things to consider:
Your monthly usage – Having your 12-month usage history will allow you to find the best plan for your usage habits.
Rate Type – Do you prefer a fixed-rate or a variable rate plan?
Term Length – Would you rather have peace of mind for the long term (12+ months), or would like to stick to a short-term 3-6 month plan?
Green Energy – How important is it to you? Would you like to help the environment by signing up for a Green Energy Plan?
To read more we have a blog with plenty of resources that explain everything you need to know about the energy market and useful cost-saving tactics and tips.
Our comparison page will instantly tell you which plan currently offers the cheapest price, based on your usage and the filters you select.
What Do I Need In Order To Sign Up?
It’s important to remember that SlashPlan is not your electricity provider. We created a platform that allows you to easily compare and sign-up (or switch) your electricity service.
When you sign up for a new plan, your new provider requires us to send them some of the enrollment data.
We do not store sensitive information on our servers and make sure to protect your private data. We will never sell or share it with anyone!
Most people prefer a streamlined online enrollment, if you feel uncomfortable submitting your information online you can also enroll over the phone.
This normally is the information an electric provider will require you to provide:
- Full Name
- Service Address
- Billing Address
- Social Security Number or Driver’s License Number (to determine if a deposit is required)
- Requested service start date
- Meter Number – Each service address in Texas has a unique meter number, also known as an ESID. When you enroll online we will find your ESID number based on your address. If you enroll over the phone, you can also find this number in your previous electric bill.
Business Electricity Rates in Austin
Business electricity rates in Austin can vary widely, depending on the size of the business, the type of usage, and the length of the contract. This can make it difficult for business owners to shop for the best rates.
There are a few reasons why it’s hard to shop for business electricity rates. First, there are many different providers to choose from, each with its own set of rates and plans. Second, the rates can change frequently, so it’s important to stay up-to-date on the latest offers. Third, the terms of the contracts can be complex, making it difficult to compare apples to apples.
Despite the challenges, it’s important for businesses to find the best electricity rates possible. This is because energy costs can account for a significant portion of a business’s operating expenses. Even a small difference in rates can save a business a significant amount of money over the course of a year.
There are a few things that business owners can do to find the best rate.
Get quotes from multiple providers. Compare rates and plans carefully. Read the terms of the contract carefully. Shop for a fixed-rate plan, and consider signing a longer-term contract.
By taking the time to shop for the best business electricity rate, business owners can save money and improve their bottom line.
If you are shopping for a business energy plan, go over to our Compare Business Energy page and fill out the short form. We will gather and present you with all the up-to-date leading plans in the market from 30+ suppliers, all at no cost and with no obligations to you.
This process will cut so much time for you as a business owner and will let you easily select the right electricity plan. And even better, if you decide to sign up, the contract can be signed and executed with just an e-signature, so you can be done in just a few minutes.
New To Energy Deregulation? Need Help Finding a Plan?
As a SlashPlan customer, you can expect savings of 30% on average! Comparing and finding the cheapest electricity plan should be free, fast, and simple… and now, it finally is.
Enter Your Zip Code and Start Saving!
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