Compare 12-Month Electricity Plans in Texas

Find the best 12-month electricity rates in your area. Save money with our comparison tool. Enter your service address to see exclusive deals and start saving today!

Browse plans freely. Your address is not stored.

ELECTRICITY RATE TRENDS

Compare Rates

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.

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.

ProviderRateTerm LengthTDSP
Express Energy11.2 ¢
1000 kWh
12 monthsCenterpoint
4Change Energy11.2 ¢
1000 kWh
12 monthsCenterpoint
Discount Power12.5 ¢
1000 kWh
12 monthsCenterpoint
Constellation Energy13.5 ¢
1000 kWh
12 monthsCenterpoint
APG&E Energy14.0 ¢
1000 kWh
12 monthsCenterpoint
Rhythm Energy14.4 ¢
1000 kWh
12 monthsCenterpoint
Champion Energy15.1 ¢
1000 kWh
12 monthsOncor
Ohm Connect15.6 ¢
1000 kWh
12 monthsOncor
Frontier Utilities15.8 ¢
1000 kWh
12 monthsOncor
Gexa Energy15.9 ¢
1000 kWh
12 monthsOncor

The average rate for July 20, 2024 is 16.89¢ per kWh.

Weekly Average Electricity Rates

Best 12 Month Rates by Provider

ProviderBest RateAverage RateTerm LengthTDSPs
Varsity
10.90 ¢
1000 kWh
12.97 ¢
1000 kWh
12 MonthsAEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP
Discount Power
12.50 ¢
1000 kWh
13.85 ¢
1000 kWh
12 MonthsAEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP
APG&E Energy
12.20 ¢
1000 kWh
15.47 ¢
1000 kWh
12 MonthsAEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP, LPL
Rhythm Energy
11.92 ¢
1000 kWh
15.77 ¢
1000 kWh
12 MonthsAEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP
Ohm Connect
10.70 ¢
1000 kWh
15.97 ¢
1000 kWh
12 MonthsAEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP
Champion Energy
14.30 ¢
1000 kWh
16.57 ¢
1000 kWh
12 MonthsAEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP
Gexa Energy
14.40 ¢
1000 kWh
17.06 ¢
1000 kWh
12 MonthsAEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP
Frontier Utilities
15.50 ¢
1000 kWh
17.70 ¢
1000 kWh
12 MonthsAEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP
Shell Energy
16.40 ¢
1000 kWh
18.33 ¢
1000 kWh
12 MonthsAEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP
Direct Energy
15.50 ¢
1000 kWh
19.84 ¢
1000 kWh
12 MonthsAEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP

How to get the best 12 month electricity rate

Finding the best 12-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 12-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 12-month electricity rate in Texas!

Pros and cons of a 12-month plan

Pros of a 12-month plan

Enrolling in a 12-month electricity plan offers numerous benefits. It provides a full year of rate stability, protecting you from market fluctuations and seasonal price spikes. This term length allows for better budgeting and financial planning, as your electricity rate remains constant throughout the year. Additionally, 12-month plans often come with competitive rates and may include promotional offers, such as bill credits or discounts. By committing to a year-long plan, you reduce the hassle of frequent renewals and can enjoy peace of mind knowing your energy costs are predictable and manageable.

Cons of a 12-month plan

Enrolling in a 12-month electricity plan has some drawbacks. Committing to a year-long plan means you could miss out on potential rate drops during the contract period. If market rates decrease, you're locked into a higher rate until your plan expires. Additionally, there may be early termination fees if you need to cancel or switch plans before the term ends. This lack of flexibility can be inconvenient if your circumstances change, such as moving to a new home. Lastly, 12-month plans may not always offer the lowest rates compared to shorter-term promotional plans available at certain times of the year.

12-month electricity plan FAQs

What are the benefits of choosing a 12-month electricity plan in Texas?
expand icon
Are 12-month electricity plans more expensive than longer-term plans?
expand icon
What happens if I need to cancel my 12-month electricity plan early?
expand icon
How do 12-month electricity plans compare to variable-rate plans?
expand icon
Can I renew my 12-month electricity plan once it expires?
expand icon

Meet our Gatby Expert