Compare Temple Electricity Rates and Plans

Best Temple Electricity Rates

The best electricity rates in Temple factor in bill predictability and overall plan sentiment among users. It’s important to note that the advertised rate may not necessarily mean the lowest monthly bill. Hidden fees, fluctuating charges and varying monthly usage patterns can impact the total amount on your monthly bill. To find the best Texas electricity rates, consider your usage and your bill predictability needs.

Rates in the above table are updated daily. Electricity rates for the Oncor are pulled for the zip code 75001. Monthly bill estimates are for 1,000 kWh usage.

Bill Predictability vs. Low-Rate Energy Plans in Temple

While it can be tempting to seek out the lowest electricity prices, some low-rate energy plans lead to unpredictable monthly energy costs.

Bill predictability refers to how consistent your monthly electricity bill will be. Fixed-rate plans offer predictable bills because they tend to offer rates that are fairly consistent across all usage levels. No matter how much your energy usage varies from month to month, your energy rate shouldn’t increase or decrease significantly.

Meanwhile, bill credit plans offer low prices through an account credit when your usage meets or exceeds a set kWh level. You may save in months when your usage meets the required level. However, your effective rate can skyrocket when your usage falls below or rises beyond the required kWh level, causing very unpredictable monthly energy bills.

We recommend weighing your desire for savings with your predictability needs before enrolling in a bill credit plan.

Wondering if You’re Paying Too Much for Energy?

Forward us your latest energy bill at pricecheck@homeenergyclub.com for a free evaluation.

How Do You Choose an Energy Plan in Temple?

Choosing an energy plan in Temple is more than just comparing rates at face value. It’s also important to consider your energy provider and their reputation. Also, note that your electric company is not the same thing as your utility company. Retail electric providers (REPs) are responsible for setting the electricity rate and handling customer service. Utility companies manage the infrastructure that delivers electricity to your home.

When choosing a Temple energy plan, it’s important to consider contract terms, plan features and any additional fees aside from the rate per kWh. You may also want to consider the brand’s customer service. Follow the steps below to compare energy plans in Temple.

Step 1: Identify your Electricity Usage Needs

Review your past electricity bills to see how many kilowatt-hours of electricity you use each month on average. We recommend pulling this data for a full calendar year to account for seasonal fluctuations caused by heating in winter or air conditioning in summer. Energy plans advertise rates at the following usage levels: 500 kWh for small apartments, 1,000 kWh for mid-sized homes and 2,000 kWh for larger homes. Knowing your usage will help you choose a plan that suits your needs.

Step 2: Review Plan Details and Rates

There are many Temple electricity plans available, including fixed-rate, variable-rate, no-deposit plans, time-of-use or green energy plans. Fixed-rate plans offer a set monthly price, which is ideal for most Temple residents because you can predict your bills much more easily.

Variable-rate plans, often called month-to-month plans, charge different rates on a monthly basis. The rates can decrease or increase based on market conditions. Enroll in a variable-rate plan, and you’ll likely experience highly unpredictable energy bills. Most Temple energy providers offer plan contracts for a period of 12, 24 or 36 months, but some also offer three and six-month terms. Not all plans and providers are available everywhere. For example, you may find a plan or a provider you like in Houston that may not be available in Temple. Compare plans for your area by searching using your ZIP code.

Step 3: Make the Switch to Your New Provider

Once you’ve found the ideal plan, you can switch to your new electric company online or over the phone. Before you make the switch, check whether your current contract has any early termination fees that can affect your savings. When you’re ready, all you need to do is provide your information. Your new provider will handle the switch directly and ensure a smooth changeover with no service interruptions.

What are the Best Electricity Companies in Temple?

Green Mountain Energy, Reliant Energy, and TriEagle Energy are the top three providers in Temple, according to consumer ratings, plan variety, and average cost. However, price shouldn’t be all you consider when comparing companies. Other factors include customer satisfaction, plan variety, and the provider’s reputation for reliability.

If price is important to you, you can choose from several excellent electricity companies in Temple. On average, we found that the cheapest energy providers in Temple are Gexa Energy, 4Change Energy and Frontier Energy, based on the lowest advertised rates.

Below, you’ll find contact info, ratings and reviews of some of the top electricity companies in Temple, Texas.

 

What To Know About the Energy Market in Temple When Moving

Deregulation means you have the power to choose your provider, but this can be tricky if you don’t know which factors to compare. We recommend starting your shopping journey with the electricity facts label (EFL).

Electricity Facts Label

The EFL outlines the specifics of an electricity plan. It shows the rates per kilowatt-hour, base charge, and utility delivery fees. It also details the contract length and any additional fees you should know about. Use the EFL to compare the best or cheapest rates in Temple for your usage, keeping in mind any extra fees or credits.

The EFL also advertises a plan’s average rate per kWh at the following usage levels: 500 kWh, 1,000 kWh and 2,000 kWh. Only use these averages as estimates. They include delivery fees, base charges and rates per kWh. However, they may also include assumed qualification for bill credits, times of use or other usage-based discounts. Depending on your usage, these rates may not actually apply to your home.

Discounts and Promotions

Many providers leverage discounts or promotions to incentivize customers to enroll with them. While some of these promotional offers may be legitimate ways to save, others can hide gimmicky rate structures that can cause billing headaches. Some offers include a low rate for first-time customers. Others include usage-based discounts or time-of-use benefits. Some providers even include sign-up bonuses or a discount for setting up automatic payments.

These discounts and promotions can make a deal look more tempting but can come with hidden conditions. Compare any potential savings with your home’s actual usage to determine if you’ll be able to take full advantage of any offer before enrolling.

Early Termination Fees

Providers often charge early termination fees if you cancel a fixed-rate contract before the agreed term ends. ETFs often charge a one-time fee, which can range from $150 to $395. However, some companies charge a $20 fee per month remaining in your contract.

Rate Ranges and Tiered Rates

Rate ranges refer to how much a plan’s rate changes as you use more energy. For example, there is a difference in price if you use 500 kWh compared to 2,000 kWh. Plans with larger rate ranges are much more likely to cause bill surprises. Plans with smaller ranges are usually more predictable. Check the average rate per kWh section in the EFL to find a plan’s rate range.

Tiered-rate plans offer discounts based on usage. For example, you may receive a 40% discount if you use more than 2,000 kWh in a billing cycle. While these plans can help you save money, they can also result in unexpected charges if you use more energy than anticipated or don’t hit the required threshold. Understanding how these plans work can help you avoid any nasty surprises. We typically don’t recommend tiered-rate plans.

Variable Rates vs. Fixed Rates

With a variable-rate plan, the price per kilowatt-hour can change each month based on market conditions. Your bill may go up and down without warning. A fixed-rate plan, our preferred recommendation for Temple residents, secures a rate for the length of the contract. A locked-in rate means more predictable energy bills each month.

Renewable Energy Plans

Renewable energy plans provide electricity generated from sustainable sources, including wind and solar. They’re an excellent option if you want to reduce your carbon footprint. Because Texas has heavily invested in green energy, renewable energy plans are often as cheap as, if not cheaper than, traditionally sourced electricity. That means you may be able to go green while saving money.

How Does Deregulated Energy Work in Temple?

Deregulated energy in Temple gives you the freedom to choose your energy provider and plan yourself rather than being tied to a specific utility company. Since Texas deregulated its energy market in 2002, the energy market comprises three key entities: generators, utility companies and electricity companies. The generators produce the electricity and sell it to electricity companies in wholesale auctions overseen by the PUCT and Electric Reliability Council of Texas (ERCOT). Utility companies then deliver that electricity to homes and businesses across the state.

This setup allows you to compare low-rate electricity plans in Temple and find the one that best fits your needs.

As a Temple resident, you’ll mostly deal with your electric company. However, when dealing with a power outage, you should contact your utility company directly.

Why do Electricity Rates Fluctuate in Temple?

According to data from the EIA, electricity rates in Texas have increased by 20% over the last five years. Some attribute this growth to population growth, weather conditions, regulatory changes and aging infrastructure. Between 2023 and 2024, average residential electricity rates increased by 5% alone, from 13.80 cents per kWh in July 2023 to 14.51 cents in July 2024.

Electricity rates in Temple can fluctuate because of changes in fuel prices, supply and demand and market conditions. Seasonal changes play a role as well. During the hot summer months, increased air conditioner usage ratchets up demand, causing prices to spike. Mild weather during fall or spring typically causes demand for energy to dip, leading prices to tumble as well.

Meanwhile, Texas’ propensity for extreme weather can cause rate spikes as well. Hurricanes that often hound the Gulf region cause increased demand and outages, which negatively impact supply. Both of these factors can cause prices to rise. Meanwhile, many homes use electricity for heating, which means cold fronts can cause demand spikes. Winter Storm Uri in February 2021 is the most recent and extreme example of this, having caused extensive outages and soaring energy rates for many Texans.

When To Buy Electricity in Temple

The best time to buy electricity in Temple is during late fall or early spring. During these mild months, energy demand is lower, which can lead to lower electricity rates.

Many providers offer the lowest rates on shorter term lengths during these times, from six months to nine months. Carefully assess the contract length. If it ends in midsummer, you may end up having to re-up when rates are at their peak. We recommend considering a 12-month plan when enrolling in spring or fall to ensure you’re re-enrolling when rates may still be fairly low. Monitor the market regularly, as electricity rates can fluctuate based on weather patterns, fuel prices and market conditions.

Which TDU Serves Temple?

Oncor Electric Delivery serves Temple and the surrounding area. Oncor also services the Dallas and Fort Worth electricity service area. This TDU is responsible for maintaining the infrastructure, such as the power lines and meters, that deliver electricity to your home. Knowing your TDU can help in the event of a power outage. Contact them directly, as they are responsible for repairs. In Temple, you can follow outage repair progress using the outage tracker.

TDU charges include a fixed and a variable charge per month. The company updates these charges twice a year with approval from the PUCT. REPs can’t charge a markup on these fees and have no control over TDU fees. Oncor currently charges a base charge of $4.23 per month and 5.1893 cents per kWh.

There are six TDUs in Texas:

• Oncor Electric Delivery
• CenterPoint Energy
• Texas-New Mexico Power (TNMP)
• AEP Texas Central
• AEP Texas North
• Lubbock Power & Light (LP&L)

 

Frequently Asked Questions

What company has the cheapest electricity per kWh in Temple?

As of October 2024, several providers in Texas offer competitive electricity rates, with some of the best electricity rates in Temple available through Gexa Energy, Frontier Utilities and 4Change Energy. These energy companies have rates starting a around 10 or 11 cents per kWh, depending on your energy usage. However, some of these plans use bill credits, which can negatively impact your monthly bill predictability. Providers such as TriEagle Energy and Rhythm Energy offer more predictable energy costs with still competitive rates.

When is the best time to shop for a Temple power plan?

The best times to shop around for an energy plan are the shoulder seasons of spring and fall. During these periods, electricity rates tend to be lower due to mild weather conditions, reducing the overall demand for electricity. Try to time your current contract to end in April, May or October and avoid auto-renewal so you can lock in lower rates before the high-demand periods begin. If you still have several months on your contract and you don’t want to incur a cancellation, you can still shop for rates now and set up a future service start date. Many providers will let you schedule your start date as far as 60 – 90 days in advance. That means you can lock in low rates now without having to face an ETF.

How can I lower my electricity bill in Temple?

You may be able to reduce your energy bill by switching to a new electric company with lower rates. Energy your ZIP code on this page to compare providers and see how rates stack up against your current plan. You can also send your energy bill to us for a free evaluation of the rate you’re currently paying. Simply send a recent bill to pricecheck@homeenergyclub.com. You can also reduce your monthly energy costs by cutting down on your energy usage. Shutting off the lights, adjusting the thermostat and unplugging unused devices can help you lower your home’s total kWh consumption. You can also lower your usage by washing laundry loads cold. Check out our other tips for reducing your energy consumption.

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 Texans cut through the complexity and find the best electricity plan for their needs, whether they’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: