Charlotte Electricity Rates, Plans & Suppliers

The cheapest Charlotte electricity rate is 14.6 ¢/kWh, 28% lower than the average rate of 20.3 ¢/kWh.

56% are choosing plans with a contract length of 12 months, with 36 month contracts being the second most popular choice at 36%.

The average electric bill in Charlotte is $170, with average electricity usage of 1100 per month.
cheapest Electricity rates and plans in  texas
Very Low Bill
Price
13.3 ¢ kWh
Term
12 months
Avg. Bill
$206 per month
Respected Provider
Price
20.3 ¢ kWh
Term
12 months
Avg. Bill
N/A per month
Respected Provider
Price
17.3 ¢ kWh
Term
36 months
Avg. Bill
$173 per month
Stable Rate
Price
15.5 ¢ kWh
Term
24 months
Avg. Bill
$140 per month
Rates as of Jul 12, 2024 at 03:36 PM

Compare Charlotte Electricity Rates

We've researched the best providers and plans so you can find a great electricity rate in Charlotte

Company Term Rate
Chariot Energy 36/months 12.1¢/kWh
Frontier Utilities 12/months 13.3¢/kWh
Gexa Energy 12/months 13.3¢/kWh
4Change Energy 24/months 13.4¢/kWh
Express Energy 24/months 13.4¢/kWh
Amigo Energy 24/months 13.7¢/kWh
Just Energy 24/months 13.7¢/kWh
Tara Energy 24/months 13.7¢/kWh
APG&E 12/months 14.7¢/kWh
TriEagle Energy 36/months 14.9¢/kWh
Rates as of Jul 12, 2024 at 03:36 PM

Best Electricity Companies in Charlotte

TexasElectricityRatings, rates the top electricity companies in Charlotte

Rank Provider Stars Award
#1 Champion Energy Services Champion Energy Services  Medal Provider
#2 Payless Power Payless Power  Medal Provider
#3 Constellation Constellation  Medal Provider
#4 Gexa Energy Gexa Energy  Medal Provider
#5 4Change Energy 4Change Energy  Medal Provider

Video - What is The Best Charlotte Electricity Rate (July 2024)

How to Switch Electricity Companies in Charlotte?

Switching Electricity companies is simple and seamless with no interruption in service.

  1. When is it Time To Switch Your Power Company: Check your electricity company contract's end date, if you're within 45 days you may forward switch, or within 14 days you can switch without penalty. Your retail electric provider is required to notify you at least 30 days before a contract expires.
  2. Compare electricity rates Charlotte:If you can find a cheap new rate is dramatically lower it may be worthwhile to switch early and pay the ETF. Lets say youre on a 17 cent rate and youve found a great 11 cent rate. At 2000kWh per month at 17 cents is $340 and 2000kWh at 11 cents is $220. You could save $120 in the first month - so the $60 ETF is worth taking a hit on.
  3. Switch Electricity Company: Once you find a great Charlotte electricity rate and want to lock it in, you can schedule a forward switch up to 45 days in advance. Ensure you get proof of switch order and date, (you should get an email) and retain any emails for your records.

Are You Moving to Charlotte?

Texas has a deregulated electricity market. That means Charlotte Electricity Companies compete for your business. Just like cellphone, Internet, Insurance and credit card companies that compete for your business. And just like those businesses there are plenty of ways that Texas electricity companies can take advantage of you, so we've made it easy. We've rated, ranked, and recommend Charlotte's best electricity companies and electricity plans that will make your move easy.

Getting your power turned on in Charlotte is easy. If your home has a smart meter, we can get your power turned on in 4-6 hours. Just enter your zip code to get started.

Compare Local Electric Rates

When shopping for electricity, you will see that rates and plan availability may vary by location. This is due to differences between local utility transmission and delivery fees.

That's why you need to enter your zip code to compare electricity rates in Charlotte.

Types of Energy Plans in Charlotte

There are basically three types of Electricity Plans available for residential customers. Houston electricity companies offer a wide range of options and terms. For the most part they are in three categories: fixed-rate and variable rate and pre-paid.

Fixed-Rate Electricity Plans in Houston

Fixed-rate plans will have a set price for the term of the contract. Regardless of weather, natural events, or market volatility, your rate will not change. Fixed-rate plans have a term length of 6, 12, 24, or 36 months. We recommend fixed-rate plans for most customers.

Variable-Rate Electricity Plans Houston

Variable-rate plan rates may change on a monthly basis based on market factors. Variable-rate plans offer more flexibility but present more volatility in pricing. Price changes may impact your monthly electricity bill in the form of price hikes. In most cases, we do not recommend variable-rate plans.

Pre-Paid Electricity Plans in Houston

When you sign up for pre-paid electricity, no social security number and no credit check are required.

Signing up takes a few minutes and requires a small upfront payment to establish your account balance. Prepaid providers will text you to add more money as you balance changes. Or you can use your prepaid provider's app to monitor your usage and manage your budget online.

Electricity Plan Types in Charlotte

Now that we have explained TDSP rates, the second thing to consider is the type of electricity plans a customer can buy. Each plan will likely end up having different rate scales. There are three types of electricity plans you can choose from when selecting an energy plan that best fits your needs.

Fixed Rate Electricity Plan in Charlotte

Lock in low energy rates for a period of months ranging from 9 to 36. Be aware that these contracts typically charge an early termination fee if you switch before your term ends.

Variable Rate Electricity Plan in Charlotte

Month to month contracts with rates that vary. You won't have to worry about deposits or early termination fees, but rates can decrease or increase from month to month.

Pre-Paid Electricity Plan in Charlotte

You deposit money into an account that your energy company bills directly depending on your use. Keep in mind there are often daily charges with these plans. Rates typically change from month to month.

There are other kinds of plans, such as green plans, or plans that come bundled with things like Smart Thermostats, but for the most part, these three plans are the main three kinds of choices available.

Compare Business Electricity Rates in Charlotte?

You have the power to choose your Commercial and Small Business Electricity Rates in Charlotte. The Texas Electricity Ratings commercial electricity marketplace is exclusively for business electricity customers looking to start commercial service or compare their existing commercial electricity rates.

Charlotte business electricity rates are some of the lowest in the US and are 20-30% less than residential rates. So, if you're starting a business in Charlotte or just want to compare commercial electricity rates and shop the market for a better rate, you could save thousands each year by shopping for a lower rate.

Commercial Electricity Rates in Charlotte

Rates as of Jul 12, 2024 at 03:36 PM

Renewable and Green Energy Options in Charlotte

Over 30% of the energy produced in Texas is from renewable energy resources such as solar, and wind. In fact, Texas produces more green energy than any other state. And is one of the reasons that Texas has some of the lowest electricity rates in the US.

Every Texas energy provider has about 20% green energy in their mix of energy sources. You can see this in the Fuel Mix section of any Texas Electricity Plan EFL (Electricity Facts Label).

Most Texas electricity companies have a 100% green / renewable energy plan, where 100% of the energy you buy supports renewable energy generators. Some Charlotte electricity companies are exclusively green, where every plan is 100% green and prices and rates support 100% green energy and renewable generation.

The 3 types of renewable energy plans to select from:

Green energy term plans:
These are similar to traditional 3 to 12 month term plans with 100% green energy.
EV Charging Plans:
Plans targeted at EV owners that are "Time of Use" where you pay low rates at night (between 11PM and 5AM) and a higher rate during the day.
Solar Buy Back Plans:
Plans that allow homeowners who own their solar panels to sell excess power back to their provider or offset their electricity bill with excess power generated by their solar panels and may earn bill credits of up to .25 cents per kWh exported back to the grid.

Five Green Electric Plans for Charlotte

Company Term Rate
Chariot Energy 36/months 12.1¢/kWh
Gexa Energy 12/months 13.3¢/kWh
APG&E 12/months 14.7¢/kWh
Rhythm 12/months 15.3¢/kWh
Champion Energy Services 24/months 15.9¢/kWh
Rates as of Jul 12, 2024 at 03:36 PM

What if I have Bad Credit or Cant Afford A deposit

There are several no deposit light companies in Charlotte that can get your lights on tonight. No deposit electricity plans require that you prepay for your electricity. You can order online, and deposit a small amount - generally $25-$75 and get your lights on in a few hours. Once youve ordered service, you download an app and that reminds you when you need to deposit more money to keep your lights on.

Company Term Rate
Payless Power 12/months 19.5¢/kWh
Payless Power 6/months 19.8¢/kWh
Rates as of Jul 12, 2024 at 03:36 PM

Charlotte Electricity Outage Information

If you have a power outage, or any issue with your home's electrical delivery, you should contact your local electric utility for assistance, Centerpoint Energy - 713-207-2222, Oncor Energy - 888-313-4747, AEP Central/AEP North - 866-223-8508, or TNMP - 888-866-7456

Contact the Texas Public Utilities Commission with any other concerns: PUC Customer Protection, P.O. Austin, TX 787111-3326. Phone: 1-888-782-8477, Email at customer@puc.texas.gov

TDSP's - Transmission and Distribution Utilities

Compare Business Electricity Rates in Charlotte?

You have the power to choose your Commercial and Small Business Electricity Rates in Charlotte. The Texas Electricity Ratings commercial electricity marketplace is exclusively for business electricity customers looking to start commercial service or compare their existing commercial electricity rates.

Charlotte business electricity rates are some of the lowest in the US and are 20-30% less than residential rates. So, if you're starting a business in Charlotte or just want to compare commercial electricity rates and shop the market for a better rate, you could save thousands each year by shopping for a lower rate.

Commercial Electricity Rates in Charlotte

Rates as of Jul 12, 2024 at 03:36 PM

Find rates for your zip code in Charlotte

FAQ: Charlotte Rates, Plans and Providers

Gexa Energy offers these plans in Charlotte

The following rates are available from Gexa Energy

Gexa Eco Saver Plus 1213.30 cents per kWh
Gexa Eco Saver Plus 2413.40 cents per kWh
Gexa Eco Saver Value 1216.90 cents per kWh
Gexa Light Saver 1217.70 cents per kWh
Gexa Saver Freedom 3618.80 cents per kWh
Gexa Solar Export Saver 1219.50 cents per kWh
Gexa Eco Saver Lite 1221.40 cents per kWh
Gexa Eco Saver Advantage 1222.20 cents per kWh
Gexa Eco Saver Premier 1222.40 cents per kWh
Gexa Eco Saver Premier 2422.40 cents per kWh

What Charlotte Pulse Power electricity plans are available?

The following rates are available from Pulse Power

Pulse Free Energy Weekends16.40 cents per kWh
Pulse Free Energy Nights16.80 cents per kWh
Pulse Classic Choice17.30 cents per kWh

Is it true that TXU Energy has a low price in Charlotte?

Clear Deal 12 is the cheapest rate from TXU Energy. It is a 12 month plan with a rate of 17.500 cents per kWh.

We recommend you compare electricity rates in Charlotte and see if this plan is right for you.