Texas Electric Rates 2016

Many factors affect the rise and fall of energy rates in texas including seasonal changes.

Texas electric rates 2016. The eia forecasts power prices to average 10 2 cents kwh in the first quarter of 2016 for the west south central. Residential customers in texas the country s largest deregulated market for electricity pay a relatively low price for electricity as well of 11 68 cents per kwh. Public utility commission of texas. The 2020 average for residential texas electricity rates is 11 86 cents per kilowatt hour kwh.

Consumers who buy at an off peak time may lock in a lower rate. Energy information administration eia gov. Texas residents and businesses have had the right to shop for electricity rates since 2002. This chart is compiled using data from the u s.

Po box 13326 austin tx 78711 3326 512 936 7000 contact web support. Rates are often lowest at the beginning and end of the year and highest in the spring. This texas power guide will take you through who are the main players in the texas retail energy industry where to find the best rates what alternative. Texas electricity rates chart.

Power to choose is the official unbiased electric choice website of the public utility commission of texas where all certified electric providers in the state of texas are eligible to post their electric plans. Electricity price forecast for 2016. The current lowest texas rate in the saveonenergy marketplace is 6 3 kwh. Texas electric rates change throughout the year depending on the season demand and other factors.

The state that saw the great increase in prices for electricity is rhode island. Texas is big not only when it comes to land size and population but also in the energy choice it offers. Energy information administration eia tracks these changes shown in the chart below. There are fixed rate plans for texas residents on comparepower with rates as low as 0 06 per kilowatt hour kwh.

The average price for electricity in texas in 2019 is 11 67 cents per kilowatt hour kwh. Average annual rate comparison for residential electric service this information is compiled by the public utility commission of texas from publicly available information from the retail electric providers and puc approved price to beat rates through december 2006 using representative usage levels. According to the us energy information administration the average national price of electricity in 2016 is projected to stay the same as it was in 2015 at about about 12 7 cents per kwh but will likely rise by 3 in 2017.