Texas Electric Rates 2016

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 electric rates 2016.

Energy information administration eia gov. 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. Consumers who buy at an off peak time may lock in a lower rate. Electricity price forecast for 2016.

Rhode island customers are paying nearly 20 more for electricity in 2018. Public utility commission of texas. Texas electric rates change throughout the year depending on the season demand and other factors. This chart is compiled using data from the u s.

Many factors affect the rise and fall of energy rates in texas including seasonal changes. Texas residents and businesses have had the right to shop for electricity rates since 2002. The eia forecasts power prices to average 10 2 cents kwh in the first quarter of 2016 for the west south central. Texas electricity rates chart.

Energy information administration eia tracks these changes shown in the chart below. Texas is big not only when it comes to land size and population but also in the energy choice it offers. The average price for electricity in texas in 2019 is 11 67 cents per kilowatt hour kwh. Several retail energy suppliers compete for the attention of residents and as a result texas electricity rates are very attractive.

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. 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. The current lowest texas rate in the saveonenergy marketplace is 6 3 kwh. The 2020 average for residential texas electricity rates is 11 86 cents per kilowatt hour kwh.

There are fixed rate plans for texas residents on comparepower with rates as low as 0 06 per kilowatt hour kwh. The state that saw the great increase in prices for electricity is rhode island. 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.