Compare The Best Electricity Rates in Lorena, Texas
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Find The The Best Electricity Rates in Lorena
When Energy Deregulation was introduced in Texas in 2002 the energy market completely changed course. This meant that millions of Texans, including residents of Lorena, finally had the power to choose their own electric suppliers and take advantage of cheap electric power plans.
Finding the best power plan is now harder than ever. With so many options to choose from it gets time-consuming and overwhelming. Who has the time to do that?
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.
If you’re ready to start saving big on your next energy bill, simply enter your zip code in the form above.
Moving to Lorena or Just Switching to a Cheaper Electricity Rate?
You can establish a new plan when moving, or even switch electricity providers if you’re staying at the same address. Our goal is to make sure that you, as a consumer, are getting the cheapest and best possible bang for your buck!
With dozens of electric companies competing for your business and offering electricity services in Lorena, 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.
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 monitor a large number of electricity plans, by different energy suppliers in Lorena 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.
For a limited time, SlashPlan is offering a concierge service where we will get those numbers on your behalf.
Why Use SlashPlan To Compare Electricity Rates in Lorena?
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.
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). 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.
So you will only pay the advertised rate if your monthly usage falls under that specific 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.
Now, let’s repeat the question. Who offers the cheaper price?
The answer to that is — it depends!
It depends on your monthly usage, and multiple other factors, such as monthly base charges, usage credits, discounts, time of usage, etc…
Estimating your final bill is impossible without taking all of these charges and credits into consideration.
That’s where SlashPlan comes in to help!
We display all-inclusive pricing from different providers in a standard, easy-to-read platform.
The final price is really what matters. To make sure you’re really getting a good deal, you need to be able to see the final monthly estimated price, including all fees and credits.
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.
The rates we display on SlashPlan are the rates you’ll actually experience on your bill, inclusive of all hidden fees. We make sure that you’re not misled by the cheaper rates often advertised by electric providers… those advertised rates are associated with higher usage levels that many households never enjoy because their usage level never reaches that pricing tier.
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 Power Plans and Prices in Lorena
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 Household Electricity Rates in Lorena, Texas
The average price of electricity for Texas residential consumers between 2001-2020 was 11.1¢ kWh (Kilowatt/Hour).
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.
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 Electricity Company in Lorena?
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.
Sound counterintuitive, right?
To keep the energy prices low and eliminate monopolies deregulated markets don’t allow utility companies (aka TDU / TDSP) to sell electricity directly to the end user.
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?
This means that the power 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 are the differences between all the other energy companies?
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 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 energy company that has a proven track record of competitive prices and outstanding customer support.
Find The Best Energy Plans in Lorena
Top 4 Things To Consider When Signing Up
Other than price, these are the top points to consider when enrolling in a new plan:
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 – 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 – 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 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 Information Do I Need To Provide When Signing-Up?
It’s important to remember that SlashPlan is not your electricity provider. We created a platform that allows you to quickly 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 – The number printed on your Electric Meter. It can also be found on your recent electricity bill.
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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.