Compare 24-Month Electricity Plans in Texas

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ELECTRICITY RATE TRENDS

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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.

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
Discount Power11.2 ¢
1000 kWh
24 monthsCenterpoint
Express Energy11.5 ¢
1000 kWh
24 monthsCenterpoint
4Change Energy11.5 ¢
1000 kWh
24 monthsCenterpoint
Veteran Energy14.2 ¢
1000 kWh
24 monthsCenterpoint
Champion Energy14.7 ¢
1000 kWh
24 monthsOncor
Rhythm Energy14.7 ¢
1000 kWh
24 monthsCenterpoint
Ohm Connect15.5 ¢
1000 kWh
24 monthsCenterpoint
Frontier Utilities15.7 ¢
1000 kWh
24 monthsOncor
Gexa Energy15.8 ¢
1000 kWh
24 monthsOncor
Direct Energy15.9 ¢
1000 kWh
24 monthsCenterpoint

The average rate for July 20, 2024 is 16.51¢ per kWh.

Weekly Average Electricity Rates

Best 24 Month Rates by Provider

ProviderBest RateAverage RateTerm LengthTDSPs
APG&E Energy
12.30 ¢
1000 kWh
14.32 ¢
1000 kWh
24 MonthsAEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP, LPL
Discount Power
10.70 ¢
1000 kWh
14.85 ¢
1000 kWh
24 MonthsAEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP
Ohm Connect
10.70 ¢
1000 kWh
15.14 ¢
1000 kWh
24 MonthsAEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP
Rhythm Energy
11.89 ¢
1000 kWh
15.30 ¢
1000 kWh
24 MonthsAEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP
Champion Energy
14.10 ¢
1000 kWh
16.34 ¢
1000 kWh
24 MonthsAEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP
Gexa Energy
13.90 ¢
1000 kWh
16.55 ¢
1000 kWh
24 MonthsAEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP
Frontier Utilities
15.20 ¢
1000 kWh
17.10 ¢
1000 kWh
24 MonthsAEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP
Direct Energy
14.90 ¢
1000 kWh
17.32 ¢
1000 kWh
24 MonthsAEP 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?
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Are 24-month electricity plans more expensive than longer-term plans?
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What happens if I need to cancel my 24-month electricity plan early?
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How do 24-month electricity plans compare to variable-rate plans?
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Can I renew my 24-month electricity plan once it expires?
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