Compare 24-Month Electricity Plans in Texas

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Electricity rates in Texas are trending upward due to increased demand, supply chain disruptions, and regulatory changes. To avoid future price hikes, it is crucial for consumers to lock in a plan now. Fixed-rate plans offer financial security and stability, making it easier to manage monthly expenses. To choose the right plan, compare offers from various providers, focusing on contract length and rate per kilowatt-hour, and ensure there are no hidden fees. By acting now, you can safeguard your household budget against rising electricity costs and enjoy predictable energy expenses.

ON THIS PAGE

How To Choose Term
Current Electricity Plans
Weekly Electricity Rates
Today's Electricity Trends
Best Rates by Provider
Pros & Cons of 24-month Plans

Written by:

Brenna Swientonioski

Reviewed by:

Maryellen Maddox

Edited by:

Ashley Waltmon

Updated November 7, 2024

How to choose the right plan term length for you

Choosing the right electricity plan term length is crucial for managing your energy costs effectively. Start by assessing your long-term needs and stability. Short-term plans, typically lasting 6 to 12 months, offer flexibility if you anticipate moving or expect significant changes in your energy usage. Long-term plans, ranging from 24 to 36 months, provide price stability and protection against market fluctuations, making them ideal if you have a stable living situation. Consider the rate per kilowatt-hour and any potential fees associated with early termination. By carefully evaluating these factors, you can select the plan term length that best suits your lifestyle and financial goals.

Plan Name	Rate	Term Length
Maxx Saver Select 24	10.5 ^¢ 1000 kWh	24 months	Sign up
Flash 24	10.6 ^¢ 1000 kWh	24 months	Sign up
Bill Credit Bundle 24	11.5 ^¢ 1000 kWh	24 months	Sign up
Valor 24	13.3 ^¢ 1000 kWh	24 months	Sign up
Half-price Nights 24	14.1 ^¢ 1000 kWh	24 months	Sign up
Frontier Budget Saver 24	14.2 ^¢ 1000 kWh	24 months	Sign up
Champ Silver-24	14.3 ^¢ 1000 kWh	24 months	Sign up
True Classic 24	14.5 ^¢ 1000 kWh	24 months	Sign up
Simply Select 24	14.7 ^¢ 1000 kWh	24 months	Sign up

The average rate for November 7, 2024 is 15.86¢ per kWh.

Weekly Average Electricity Rates

6 months

14.65 ¢/kWh

9 months

13.79 ¢/kWh

12 months

15.82 ¢/kWh

14 months

15.46 ¢/kWh

18 months

15.33 ¢/kWh

24 months

15.74 ¢/kWh

36 months

15.57 ¢/kWh

Today's 24 month electricity rates trend

As of now, 24-month electricity plans in Texas average between 11 to 18 cents per kilowatt-hour. This variation is influenced by factors like bill credits, which lower some plans to the lower end, while true fixed-rate plans fall in the middle to higher end of the range. Over the past year, these rates have been trending upward due to increased demand and fluctuating natural gas prices. Historically, 24-month plans offered stability and predictability, but recent market dynamics have caused gradual price increases. Locking in a 24-month plan now can help mitigate the impact of future rate hikes, providing a balanced approach to managing your energy costs in a volatile market.

Best 24 Month Rates by Provider

Best Rate	Average Rate	Term Length	TDSPs
12.30 ^¢ 1000 kWh	14.83 ^¢ 1000 kWh	24 Months	AEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP, LPL
10.70 ^¢ 1000 kWh	15.10 ^¢ 1000 kWh	24 Months	AEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP, LPL
10.70 ^¢ 1000 kWh	15.23 ^¢ 1000 kWh	24 Months	AEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP, LPL
11.89 ^¢ 1000 kWh	15.33 ^¢ 1000 kWh	24 Months	AEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP, LPL
13.60 ^¢ 1000 kWh	15.98 ^¢ 1000 kWh	24 Months	AEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP, LPL
13.90 ^¢ 1000 kWh	16.31 ^¢ 1000 kWh	24 Months	AEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP, LPL
14.20 ^¢ 1000 kWh	16.42 ^¢ 1000 kWh	24 Months	AEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP, LPL
14.90 ^¢ 1000 kWh	17.15 ^¢ 1000 kWh	24 Months	AEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP, LPL
15.80 ^¢ 1000 kWh	17.39 ^¢ 1000 kWh	24 Months	AEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP

How to get the best 24 month electricity rate

Finding the best 24-month electricity rate in Texas through Gatby is straightforward and efficient. Once you’ve weighed the pros and cons, you may start by filtering for 24-month plans on our website. Gatby provides detailed information on rates per kilowatt-hour, contract terms, and any potential hidden fees. By leveraging Gatby's comprehensive platform, you can easily compare and select the most cost-effective 24-month electricity rate in Texas!

Pros and cons of a 24-month plan

Pros of a 24-month plan

Choosing a 24-month electricity plan in Texas offers price stability and potential savings by locking in rates for two years. This plan often provides better rates and incentives than shorter-term options and reduces the hassle of frequent renewals. Overall, it combines financial predictability with cost savings, making it ideal for budget-conscious households.

Cons of a 24-month plan

Enrolling in a 24-month electricity plan has some drawbacks. A two-year commitment can limit your flexibility to switch plans if electricity rates drop, potentially leaving you locked into a higher rate. Early termination fees can be substantial if you need to cancel or change your plan before the term ends. Additionally, personal circumstances such as moving or changes in energy consumption may make a long-term plan less suitable. Furthermore, if more competitive rates or better offers become available during your contract period, you won't be able to take advantage of them, potentially resulting in missed savings opportunities

24-month electricity plan FAQs

What are the benefits of choosing a 24-month electricity plan in Texas?

Are 24-month electricity plans more expensive than longer-term plans?

What happens if I need to cancel my 24-month electricity plan early?

How do 24-month electricity plans compare to variable-rate plans?

Can I renew my 24-month electricity plan once it expires?

Meet our Gatby Expert

Written by: Brenna Swientonioski

Head of Growth

Brenna Swientonioski has over 3 years in energy and technology, leveraging her teaching background to educate consumers. She enjoys traveling, Pilates, and holds her undergrad and M.Ed from Texas A&M.

Reviewed by: Maryellen Maddox

Head of Ops

5+ years in Energy and Operations, simplifying electricity shopping and protecting consumers. Passionate about transparency in deregulated markets and client support.