Compare Mineral Wells Electricity Rates, Plans and Companies

The average Texas electricity rate is 14.89 cents per kWh, according to February 2025 data from the U.S. Energy Information Administration (EIA). However, by researching energy plan types, comparing providers and doingh your research, you can find electricity rates that are even lower than that. Keep reading for more information about electricity rates and providers in The Crazy Water City. 

Today’s Mineral Wells Electricity Rates and Plans

In our studied opinion, the best electricity plans in Mineral Wells offer competitive prices with a straightforward rate structure.

Ultra-low-rate electricity plans often include gimmicks like bill credit discounts. It may seem attractive initially, but it’s often not a great fit once you read the fine print. We recommend stable fixed-rate plans for consistent pricing throughout your contract, so you don’t experience unexpected spikes in your bill. 

Our top recommendations for energy plans in Mineral Wells are below:

The rates above are accurate as of 05/24/2025 at 04:29 AM for the ZIP code 75001. The rates are the same across all ZIP codes in the Oncor service area. Rates shown are for 1,000 kWh usage.

Cheapest Electricity Rates in Mineral Wells

Cheap energy plans offer an affordable option if your energy usage fits the requirements. Check the electricity facts label (EFL) before signing up for a low-rate electricity plan. The EFL explains the restrictions and how to get a cheaper price. 

For example, bill credit plans may require usage between 1,000 and 1,999 kWh per month. You’ll enjoy savings if your usage stays within those margins. However, your rate will spike when you use above or below the threshold, resulting in higher bills than expected. 

Those with consistent energy usage might benefit if it falls within the required range. However, those with fluctuating usage might consider a straightforward option. 

Here are the cheapest electricity rates in Mineral Wells:

The rates above are accurate as of 05/24/2025 at 04:29 AM for the ZIP code 75001. The rates are the same across all ZIP codes in the Oncor service area. Rates shown are for 1,000 kWh usage.

Average Residential Rates in Mineral Wells

The average energy rate in Mineral Wells is 18.02 cents per kWh, according to our most recent rate data. However, because Mineral Wells sits in the Oncor service area, you should be able to find prices that are significantly below this average. You might pay anywhere from 10.8 cents to 24.3 cents per kWh. 

According to our February 2025 survey, only 46% of energy customers in the Mineral Wells area believe they pay a fair rate for electricity. 

The majority of residents pay $100 to $200 per month, which aligns with the average monthly energy bill in Texas of $179. However, 32% of respondents in the Crazy Water City say they could not afford a $50 bill increase. 

What Is a Good Energy Rate in Mineral Wells?

You can get the best electricity rate by searching for plans that match your energy usage and offer predictable costs. Fixed-rate plans without hidden fees or gimmicks are typically the best option. Finding a simple energy plan in Mineral Wells below 16 cents per kWh is a great deal. 

Energy rates in Texas could drop in 2025 due to the growth of solar power generation and other renewables. But the market is unpredictable, and the impact of tariffs remains unclear. Locking in a low fixed rate might help you save from potential price fluctuations.

Electricity Companies in Mineral Wells

You have a variety of Mineral Wells energy providers to choose from. Based on our February 2025 survey, TXU Energy serves 31% of residents in the area, followed by Reliant Energy at 13%. Other providers such as Gexa Energy, Ambit Energy and Direct Energy are also popular options. 

Each company offers plan variety and high customer satisfaction and received at least 4.6 out of 5 stars from our team. 

Top Energy Providers in Mineral Wells

After reviewing dozens of energy companies, we recommend TXU Energy, Reliant Energy and Green Mountain Energy. These providers earned top ratings for customer service and overall satisfaction. Plus, many customers highlighted the provider’s simple online experience and ease of bill payment and usage management. 

When comparing plans in your area, check customer feedback and our in-depth provider reviews to help you get an idea of what to expect from the company before signing up.  

Which Utility Company serves Mineral Wells?

Oncor Electric Delivery is the transmission and distribution utility (TDU) serving Mineral Wells. Your TDU serves a different purpose than your retail electricity provider (REP). Oncor handles power distribution and infrastructure maintenance, while your REP sells and manages your electricity plan. 

You will notice a TDU fee on your bill in addition to energy charges from your light company. These costs cover infrastructure upgrades and upkeep to keep a reliable electricity grid and reduce the potential for power outages. These charges are typically factored into the estimated average price per kilowatt-hour if available. 

How To Choose an Electricity Plan in Mineral Wells

Here are our top tips to consider when choosing your energy plan in Mineral Wells. It all starts with your energy needs.

• Review your energy needs: Check past energy bills or Smart Meter Texas to determine your typical usage and find a plan that helps you save. 
• Consider the best plan type for you: You will find fixed-rate, variable-rate, prepaid and renewable energy plans in Mineral Wells. Learn about each plan type to understand which benefits your electricity habits most. 
• Check the contract length: You can choose a variety of plan lengths, such as 12, 24 or 36-month fixed-rate plans or a month-to-month option. Long-term plans help you lock in your price and protect you from market changes, while short-term options offer the flexibility to cancel and switch anytime. However, you are subject to price fluctuations with a monthly plan. 
• Use filtering tools: You can use your preferred plan type and contract length as filters when you enter your ZIP code. This helps you target options that match your needs.

Plan Types Available in Mineral Wells

There are multiple plan types to choose from, each with its benefits and trade-offs. Learn about each plan type below.

• Fixed-rate plans
• Green plans
• Bill credit plans
• Time-of-use plans
• No-deposit plans
• Variable-rate plans

What To Know About Electricity In Mineral Wells

Understanding your energy plan details can help you avoid surprises and reduce expenses. 

Here are a few things to keep in mind:

Read the Electricity Facts Label

The EFL is your go-to guide for all the details about your energy plan. It breaks down your rate, any extra fees, how long your contract lasts and any bill credits or price changes. Take a look at the EFL before signing up or switching providers. It can help you compare plans more clearly, rather than deciding based on advertised rates, which can be misleading.

Know the Early Cancellation Costs

Be aware of any early termination fees (ETFs) that may apply if you cancel a fixed-rate plan before it ends. These fees generally range from $99 to $395 but vary by plan and provider. Consider the ETF if you’re planning on moving or changing providers soon. 

Understand Free Nights and Weekends Energy Plans

Some time-of-use electricity plans offer free electricity at night or over the weekend. While it sounds like a great deal, these plans have higher rates during on-peak hours that can offset any savings. Review your usage patterns to determine if this plan type fits your lifestyle before signing up for a “free energy plan.”

Shop Green Energy Plans

You can find partially or 100% renewable plan options using green power from sources such as solar and wind. By choosing a green plan, you help support the growth of renewable energy and reduce your carbon footprint. Search for green energy plans on our marketplace by filtering for 100% renewable options. 

Find Commercial Electricity in Mineral Wells

Business owners in Mineral Wells can also shop for energy plans. However, note that commercial electricity differs significantly from residential energy in terms of needs, demands and the sign-up process. Commercial electricity is also much cheaper than residential, with an average business energy rate of 8.64 cents per kWh, compared to the residential average, which is 14.89 cents per kWh.

Switching Providers or Moving to Mineral Wells

Changing energy companies is a simple process. Enter your ZIP code to explore available energy plans in Mineral Wells. Once you compare and sign up for a new plan, your provider handles the switch while your TDU keeps power flowing to your home. 

It’s a good time to switch providers if your current contract is about to end or you’re moving to Mineral Wells. Shopping for electricity in advance means you have plenty of time to compare rates and ensure the plan helps you save before signing up. Begin your search about 30 days before move-in or your contract ends to prevent rushing into a decision.

Frequently Asked Questions About Energy Rates in Mineral Wells

How We Rate and Review Texas Electricity Companies

With dozens of providers and hundreds of plans available in the deregulated Texas market, choosing the right one can feel overwhelming. We created a comprehensive rating methodology to help you cut through the complexity and find the best electricity plan for your needs, whether you’re moving to Texas or looking to switch providers.

We’ve researched dozens of Texas electricity providers and scored them out of 5 stars based on results from our 2025 energy survey of 1,600 Texans, scoring providers on customer satisfaction, experience and retention. Here’s how these core factors weighed into our ratings:

• Customer satisfaction (30%)
• Customer retention (30%)
• Online experience (20%)
• Customer experience (20%)