Compare Electricity Rates and Companies in The Colony

Navigating the array of electricity plans in The Colony, Texas, can be challenging due to the multitude of providers, various plan types and complex contracts involved. We’ve put together this guide to help you compare electricity rates and find the best light company for your home.

Best Colony Electricity Plans and Rates

In the deregulated energy market, you may have to balance your desire for cheap electricity rates with your need for predictable monthly energy costs. Often, the plans with the cheapest advertised rates use hidden fees or difficult-to-secure discounts (such as bill credits), which can lead to highly unpredictable energy bills. Bill credits, for example, only apply if your usage stays within a set margin of kilowatt-hours (1,000 kWh to 1,999, for example). If your usage doesn’t fall within that margin, your rate may spike.

To ensure transparency and avoid surprises on your bills, we recommend enrolling in a straightforward, 12-month fixed-rate plan. Below, you’ll find some of the best plans in The Colony for easy budgeting and predictable bills.

Rates in the above table are updated daily. Monthly bill estimates are for 1,000 kWh usage.

You can also shop for the best plans in your area. Just punch in your ZIP code below.

Cheapest Electricity Rates in The Colony

If you want a low rate and are willing to take some risk with a bill credit plan, the options below may suit your needs. While we typically don’t recommend this plan type for all Texans, they may suit the needs of some. For example, if your usage consistently meets the bill credit requirements, you may be able to save with this plan type. However, energy usage in Texas tends to vary based on seasonal weather changes, making this uncommon. We recommend reviewing the EFL and your usage before signing up for a bill credit plan.

Rates in the above table are updated daily. Monthly bill estimates are for 1,000 kWh usage.

How To Choose the Best The Colony Electricity Plan

Retail energy providers (REPS) offer residents a variety of electricity plan types, including discounted but often unpredictable options such as bill credit plans and time-of-use plans. These types may advertise low rates but are typically very difficult to predict and may result in unexpectedly high monthly bills. To avoid surprises, we recommend no-gimmick fixed-rate plans. However, read the electricity facts label (EFL) before signing up for any plan.

Some plans offer nine-month or six-month terms, but we generally recommend selecting a 12-month term because renewing your energy plan at the same time of year in which you’d previously secured a low rate should help you regularly lock in the best pricing. Meanwhile, plans with three—or nine-month contracts often end when high demand increases prices.

When shopping for an energy plan, it’s important to know how much energy you consume to help you choose the best plan for your habits. To better understand your energy use, we recommend reviewing your energy bills over a full year or pulling your precise historic usage data from Smart Meter Texas. Then, you can select a plan that fits your usage needs and budget.

The Best Electricity Companies in The Colony

Explore energy plans from our top-rated The Colony electricity companies in the table below.

Switching Electricity Providers in The Colony

Switching providers is easy with Home Energy Club. Follow three easy steps:

1. Enter your ZIP code below to review providers and plans for your The Colony home.
2. Identify which plan you’d like to switch to.
3. Enter your information and switch your provider in less than five minutes.

The Colony Plan Types

As a resident of The Colony, you can access hundreds of energy plans, including fixed-rate plans, variable-rate plans, green energy plans and more. To help you find which plan type is best for you, we have a breakdown of the plan features below.

• Fixed-Rate Plans: These plans maintain one rate throughout the duration of the contract, which protects you from market-driven price increases. Although fixed-rate plans provide bill predictability, they typically include early termination fees (ETFs) if you try to cancel your contract before it expires.
• Variable-Rate Plans: These plans have rates that fluctuate monthly based on market conditions, including supply/demand and fuel costs. While they offer flexibility without contract requirements, they generally lead to higher, unpredictable monthly bills.
• Bill Credit Plans: These plans offer discounts when your energy usage stays within specified ranges (typically 1,000+ kWh). However, if usage falls outside the threshold, rates spike significantly, potentially leading to unexpectedly high bills.
• Time-of-Use Plans: These plans feature very low rates during off-peak hours but compensate with higher rates during peak times. While they can provide savings for strategic energy users, their complex terms can make them difficult to navigate effectively.
• Solar Buyback Plans: Buyback plans allow solar panel owners to sell excess energy back to the grid, helping offset electricity costs and solar panel investments. They’re particularly beneficial for environmentally conscious residents with home solar systems.
  Prepaid Energy Plans: Prepaid plans require advance payment for electricity but eliminate credit checks or deposits. They’re ideal for customers looking to avoid credit-based deposits while maintaining control over their energy spending.

The Colony’s Utility Company

Oncor Electric operates as the transmission and distribution utility (TDU) responsible for delivering energy to homes and businesses in The Colony. The deregulated energy market across Texas operates on a three-part system of generators, TDUs and retail energy providers (REPs). Generators produce electricity using various sources, such as solar power or fossil fuels, while TDUs, also called utility companies, transmit the electricity to homes and businesses. Utility companies manage the grid, including repairing power lines, reading meters and restoring electric service during power outages. The REPs market energy plans and bill customers for their energy consumption. Learn more about how the power grid works.

The Colony Commercial Electricity

Energy companies offer a variety of commercial energy plans offered to businesses of all sizes and budgets, and across all industries. Commercial energy in The Colony tends to be cheaper than residential energy. Statewide, the average commercial energy rate is 8.57 cents per kWh, while the average residential rate is 15.61 cents per kWh, according to October 2024 data from the U.S. Energy Information Administration (EIA).

Frequently Asked Questions About The Colony Energy

What company has the cheapest electricity rate in The Colony?

Gexa Energy, Frontier Utilities and 4Change Energy offer the cheapest electricity rates in The Colony, Texas, with plans starting well below the state average. However, these ultra-cheap plans typically rely on bill credits. For more straightforward rates, consider the Simple Savings from TriEagle Energy. It offers competitive rates with predictable monthly energy costs.

What is a good price for electricity per kWh in The Colony?

Our analysis suggests that a good energy rate in The Colony, Texas, is between 13.0 and 17.0 cents per kWh from a plan with predictable, stable and reliable rates from a reputable provider. The average residential electricity rate in The Colony is about 15.0 cents per kWh, so you can feel good if your rate is in that range.

What is the best energy provider in The Colony?

The best energy provider in The Colony will depend on your needs and usage habits. Overall, our highest-rated providers are Reliant Energy, TriEagle Energy and Green Mountain Energy. These companies score well across all categories, including customer satisfaction, cost and bill predictability.

Can you get same-day energy in The Colony?

Yes, you can get same-day electricity plans in The Colony, Texas. These same-day plans allow you to get electricity turned on the very same day you enroll in your plan. Many major energy companies, such as Reliant Energy, Gexa Energy and 4Change Energy, offer same-day plans. However, every provider has a different cut-off time for its same-day service. You may have to wait until the following business day if you miss the cut-off time. Additionally, same-day energy isn’t typically available on weekends or holidays.

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 cost, bill predictability, customer satisfaction, brand trust, and plan features. Here’s how those core factors weighed into our ratings:

• Plan features (33%)
• Customer satisfaction and brand trust (27%)
• Plan rates and pricing (20%)
• Energy bill predictability (20%)