Compare The Cheapest Electricity Rates in Lone Oak, Texas
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Find The Cheapest Electricity Rates in Lone Oak
When Energy Deregulation was introduced in Texas in 2002 the energy market completely changed course. This meant that millions of Texans, including residents of Lone Oak, finally had the power to choose their own electric suppliers and take advantage of cheap electric power plans.
With dozens of Energy Companies serving Lone Oak, it is time-consuming and overwhelming to find the optimal plan for your home or business.
SlashPlan has figured out a way to do just that!
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.
Read on to learn how you can get the cheapest electric rates in Lone Oak…
Moving to Lone Oak or Just Switching to a Cheaper Electricity Rate?
Whether you are moving to, or already live in Lone Oak, we want to make sure you are making an informed decision and getting the cheapest energy plan that is offered in your area.
With dozens of electric companies competing for your business and offering electricity services in Lone Oak, it is extremely difficult to find that one plan that offers you the most savings.
Electric companies advertise low prices on their websites to lure new clients in, only to find many additional fees and charges written in very small text.
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?
Our service is 100% FREE.
You may ask, how do we make sure we’re finding the best price?
We keep a list of all the available electricity plans in Lone Oak. We update it daily and present it to you on our comparison page in a format that is identical to the other plans that we monitor. This makes the comparison easy and intuitive.
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.
For a limited time, SlashPlan is offering a concierge service where we will get those numbers on your behalf.
Why Compare Electricity Rates?
Most people, especially ones who move to Texas from out of state or from regulated energy markets are not aware that they have the power to choose their electric provider.
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.
Let me present you with 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). Most people would look at it and think that the prices are identical, therefore their monthly bill would be identical too. Wrong!
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.
If we look back at our case, here’s what we mean:
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 proper answer should be — “it depends”!
It depends on your monthly usage, and multiple other factors, such as monthly base charges, usage credits, discounts, time of usage, etc…
Calculating your final monthly bill would not be possible without taking all of the above parameters into account.
That’s exactly what we’re here to solve!
Our comparison page will show you plans from different electric providers in a standardized way that is easy to compare and understand. We include all the fees and discounts, so you can compare apples-to-apples.
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.
Using our free service, you can now easily find this information in a matter of seconds!
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 companies, 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 back! We level the playing field and make shopping for cheap energy rates accessible and easy for everybody!
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 Electricity Plans and Rates in Lone Oak
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 Homeowner Electricity Rates in Lone Oak, 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.
Data for this chart was compiled from the U.S Energy Information Administration – https://www.eia.gov/electricity/sales_revenue_price/
How To Find A Reliable Power Company in Lone Oak?
Most consumers are not aware that in Deregulated Energy markets, the energy companies that sell you power are not in charge of servicing and maintaining your electricity infrastructure. That job is done by a utility company (also known as TDSP).
Sound counterintuitive, right?
To make sure that the enrgy 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.
Any issues related to power outages, blackouts, or the electric meter will need to be addressed by the utlity company, and not your provider.
Why should I care about this anyway?
The reason this introduction was important is because now you understand that the Energy Provider you sign up with will not change the “reliability” of your electricity service. You get the same electricity, from the same source, regardless of which provider you sign up with.
So what are the differences between all the other energy companies?
The main difference is 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.
Therefore, if you are comparing plans from different providers, as long as their prices are the same, you should focus more on the provider’s customer service and early cancellation policy.
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 reputable power supplier that has a proven track record of competitive prices and superb customer support.
Find The Best Energy Plans in Lone Oak
Not Sure Which Energy Plan Will Work For You?
Deciding on a new plan? Here are the top things to consider:
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 – Do you prefer a fixed-rate or a variable rate plan?
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 Electricity Supplier 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 tool will instantly tell which plan currently offers the cheapest price, based on your usage and the filters you select.
If you’re still not sure and feel like you need some expert help, contact us today or schedule a free 15-minute consultation with a SlashPlan expert.
What Do I Need In Order To Sign 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!
Although 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 company 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.
View Electric Rates For Cities Near Lone Oak
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View Energy Rates By Texas Zip Codes
It’s Your Turn to Save...
Our customers usually report savings of approximately 30% on their energy bills.
Comparing and finding the cheapest electricity plan should be free, fast, and simple… and now, it finally is.