Compare 12-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 12-month Plans

Written by:

Brenna Swientonioski

Reviewed by:

Maryellen Maddox

Edited by:

Ashley Waltmon

Updated November 24, 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
Flash 12	10.5 ^¢ 1000 kWh	12 months	Sign up
Maxx Saver Select 12	10.5 ^¢ 1000 kWh	12 months	Sign up
SimpleSaver 12	11.1 ^¢ 1000 kWh	12 months	Sign up
Bill Credit Bundle 12	11.9 ^¢ 1000 kWh	12 months	Sign up
Valor 12	12.8 ^¢ 1000 kWh	12 months	Sign up
12 Month Usage Bill Credit	13.4 ^¢ 1000 kWh	12 months	Sign up
PoolConnect 12	13.9 ^¢ 1000 kWh	12 months	Sign up
Frontier Budget Saver 12	14.0 ^¢ 1000 kWh	12 months	Sign up
Champ Saver-12	14.4 ^¢ 1000 kWh	12 months	Sign up
Gexa Budget Saver 12	15.1 ^¢ 1000 kWh	12 months	Sign up

The average rate for November 24, 2024 is 15.93¢ per kWh.

Weekly Average Electricity Rates

6 months

14.00 ¢/kWh

9 months

13.77 ¢/kWh

12 months

15.53 ¢/kWh

14 months

15.16 ¢/kWh

18 months

14.94 ¢/kWh

24 months

15.55 ¢/kWh

36 months

15.36 ¢/kWh

Today's 12 month electricity rates trend

As of now, 12-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, 12-month plans offered stability and predictability, but recent market dynamics have caused gradual price increases. Locking in a 12-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 12 Month Rates by Provider

Best Rate	Average Rate	Term Length	TDSPs
10.90 ^¢ 1000 kWh	13.44 ^¢ 1000 kWh	12 Months	AEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP
11.90 ^¢ 1000 kWh	14.51 ^¢ 1000 kWh	12 Months	AEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP, LPL
11.10 ^¢ 1000 kWh	15.44 ^¢ 1000 kWh	12 Months	AEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP, LPL
10.70 ^¢ 1000 kWh	15.62 ^¢ 1000 kWh	12 Months	AEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP, LPL
11.92 ^¢ 1000 kWh	15.64 ^¢ 1000 kWh	12 Months	AEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP, LPL
13.20 ^¢ 1000 kWh	15.94 ^¢ 1000 kWh	12 Months	AEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP, LPL
14.00 ^¢ 1000 kWh	16.57 ^¢ 1000 kWh	12 Months	AEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP, LPL
14.40 ^¢ 1000 kWh	16.60 ^¢ 1000 kWh	12 Months	AEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP, LPL
14.20 ^¢ 1000 kWh	17.55 ^¢ 1000 kWh	12 Months	AEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP
15.50 ^¢ 1000 kWh	19.97 ^¢ 1000 kWh	12 Months	AEP Texas North, AEP Texas Central, Oncor, Centerpoint, TNMP, LPL

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?

Are 12-month electricity plans more expensive than longer-term plans?

What happens if I need to cancel my 12-month electricity plan early?

How do 12-month electricity plans compare to variable-rate plans?

Can I renew my 12-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.