Compare The Cheapest Electricity Rates in Lexington, Texas
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Find The The Best Energy Plan in Lexington
Energy Deregulation in Lexington has allowed many of us Texans to choose the Energy Provider that best fits our needs and energy use patterns.
There are plenty of Electricity Companies serving Lexington. They all offer different plans and prices. Comparing them all is overwhelming. Who has the time to do that?
SlashPlan has figured out a way to do just that!
We will find the BEST energy plan for you, based on your preferences and historical energy usage patterns.
If you live in Lexington, read on to find out how to get the best electricity plan…
Moving to Lexington or Switching An Energy Plan?
Even if you already live in Lexington, 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 so many options to choose from, it is extremely time-consuming to find the best plan.
Most of the supplier websites show you advertised rates in large text, only to charge you more later!
Would you rather compare plans using a manual Excel spreadsheet with hundreds of rows, or would you rather let SlashPlan find the best and cheapest plan for you?
Using our service will not cost you a dime! Yes, it is completely FREE of charge.
You may ask, how do we make sure we’re finding the best price?
We monitor hundreds of electricity plans every day and present you with an unbiased comparison that takes into account all the different fees, credits, and discounts that you will receive based on your estimated electricity usage.
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 Use SlashPlan To Compare Electricity Rates in Lexington?
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!
Like any other service provider, electricity companies always try to charge you as much as they can, and they use different tactics to make it happen, all while telling you that you’re getting a “deal”.
It’s extremely difficult and time-consuming to find the absolute best price without using a sophisticated comparison service like SlashPlan has to offer.
Here’s a common scenario that we see all the time:
Assuming you narrowed down your search to 2 energy companies (Company A & Company B) that both advertise a price of 10¢ per Kilowatt Hour (kWh). Your first thought may be: “they offer the same price”. But no, they don’t!
A standard practice in the energy industry is to offer Tiered Pricing. This means that you will only pay the advertised rate if your monthly usage is within the specified 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.
If we go back and repeat the same question. Who offers a better rate? The truth is, you can’t determine that without looking at a few other parameters… It depends on your monthly usage, and multiple other factors, such as monthly base charges, usage credits, discounts, time of usage, etc… Calculating how much you’re ACTUALLY going to pay is impossible without taking all these parameters into account.
That’s where SlashPlan comes in to help!
We show you the actual, all-inclusive prices that you can expect to pay on your bill. No hidden charges or surprises!
The best way to shop for electricity is to see all your options in one place, where all the fees and discounts are already included in the final price.
We’ve put all this information at your figure tips.
On our comparison page, you can sort, filter, and shop by price at YOUR specific usage level.
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’ll provide you with all the information available, showing you the best deals from the most respected, reputable providers in your area offering the best rates, terms, and customer satisfaction.
Are you not moving and still want to switch? Did you know that that by switching to a new provider at the end of your contract you can save hundreds of dollars every year? Lock-in a low rate today!
Check how much you could be saving on your Electric Bill
Best Electricity Plans and Prices in Lexington
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 Lexington, Texas
The average price of electricity for Texas residential consumers between 2001-2020 was 11.1¢ kWh (Kilowatt/Hour). With prices changing all the time, it’s hard to know if you’re paying a fair price. 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 Lexington?
You may not be aware but in a deregulated energy state like Texas, the energy company that is selling you the electricity is NOT in charge of maintaining the power infrastructure or handling outages. Instead, a different utility company, known as a “TDSP” is in charge of doing that.
Sounds odd, 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.
That’s how the market operates. The energy companies sell you electricity at competitive prices, and the utility companies deliver that energy to your home or business.
For any issues with blackouts, power outages, or the electric meter, you will need to contact the utility company directly.
Why should I care about this anyway?
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 companies?
The main differences are that they offer different plans, structures, and prices.
Certain providers may only offer Green Energy Plans, while others may offer No-Deposit, or Short Term Month-To-Month 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 sign up for a new plan using SlashPlan, you can be confident that you’re getting a great bargain, and will sign up with a well-known power company that has a proven track record of competitive prices and outstanding customer support.
Find The Best Power Plans in Lexington
Not Sure Which Energy Plan Will Work For You?
Other than price, these are the top points to consider when enrolling in a new plan:
Monthly Usage – This will directly affect your effective price. To find the best possible price, it’s best if you have your previous 12-month usage history. You can then input that data into our calculator to find out exactly how much you will pay for the new plan.
Rate Type – Some people prefer a long-term peace of mind that comes with a Fixed Rate plan. Others prefer a more dynamic, sometimes lower rate that changes monthly according to the Electricity Price Index.
Term Length – 12 months is a standard enrollment term. If prices are low right now, take advantage of the low rates and lock-in a fixed price for 24 months or more!
Green Energy – Helping the environment by having your Power Provider purchase Renewable Energy Credits on your behalf to offset the impact of energy generation on the environment.
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 Information Do I Need To Provide When Signing-Up?
It’s important to remember that SlashPlan is not your electricity provider. We created a marketplace that allows you to quickly compare and sign-up (or switch) your electricity plan.
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 typically 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 Lexington
Business electricity rates in Lexington can vary widely, depending on the size of the business, the type of industry, and the specific plan that is chosen. This can make it difficult for businesses to shop around for the best rates, as they may not have the time or resources to compare all of their options.
There are a few reasons why it’s hard to shop for business electricity rates. First, there are many different providers to choose from. Second, the rates offered by different providers can change frequently. Third, it can be difficult to compare rates because they are often expressed in different terms.
Despite the challenges, it’s important for business owners to find the best possible rate on their electricity. This can save them a significant amount of money each month.
There are a few things that business owners can do to find the best rate.
First, they should compare rates from multiple providers. Second, they should consider signing a long-term contract, which can lock in a lower rate for a period of time. Third, they should make sure that they are using the most efficient equipment possible.
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.
Find Out How Much You Can Save
The average SlashPlan customer saves around 30% on their electric bills. 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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