Lone Oak Electricity Rates, Plans & Suppliers

Currently, the cheapest Lone Oak electricity rate is 11.9 ¢/kWh, 43% lower than the average rate of 20.9 ¢/kWh.

Based on recent order data, the best electricity providers in Lone Oak are Chariot Energy, Frontier Utilities, and Champion Energy Services.

52% are choosing plans with a contract length of 24 months, with 12 month contracts being the second most popular choice at 12%.

The average electric bill in Lone Oak ranges from $140 to $400, with an average electricity usage of 1100-1400 kWh per month.
cheapest Electricity rates and plans in  texas
Stable Rate
Price
17.9 ¢ kWh
Term
24 months
Avg. Bill
$164 per month
Bill Credit
Price
13.5 ¢ kWh
Term
24 months
Avg. Bill
N/A per month
Very Low Bill
Price
16.7 ¢ kWh
Term
24 months
Avg. Bill
$167 per month
Respected Provider
Price
20.4 ¢ kWh
Term
12 months
Avg. Bill
N/A per month
Rates as of May 27, 2024 at 03:33 PM

Compare Lone Oak Electricity Rates

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

Company Term Rate
4Change Energy 24/months 13.1¢/kWh
Express Energy 24/months 13.1¢/kWh
Frontier Utilities 12/months 13.2¢/kWh
Gexa Energy 12/months 13.2¢/kWh
Discount Power 24/months 13.5¢/kWh
Cirro Energy 24/months 13.7¢/kWh
Reliant 24/months 14.9¢/kWh
Chariot Energy 36/months 15.0¢/kWh
TriEagle Energy 24/months 15.4¢/kWh
Veteran Energy 36/months 15.6¢/kWh
Rates as of May 27, 2024 at 03:33 PM

Lone Oak's Top Electricity Companies

TexasElectricityRatings, rates the top electricity companies in Lone Oak

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
Market Update

Electricity Rates are coming down in Lone Oak

Everyone wants to know the best electricity plan to buy, and there's never an easy answer because everyone's needs are different. Do you live in an apartment, house, or mansion, because every plan has different rates at different uses.

Apartment users should look at Frontier's Saver Value 12. It's one of the few plans where the rates are cheapest the less you use. APG&E's True Classic 6 is another good one, as well as Gexa's Eco Saver Lite.

Regular sized home users have more options, but also more confusion. Bill Credits and Tiered rates can make billing complicated if you don't use a minimum amount of electricity for some of these plans. Reliant's Retail Power Savings 24 is a good plan because it has a good rate, and its bill credit is uncomplicated, just be sure to use over 1k. Cirro's Smart Value 24 is similar.

Live in a giant house on a sprawling estate? Doesn't mean you want to overspend on electricity. 4 Change's Power Maxx Saver 24 is a great plan. Constellation's 12 Month Flat Tier Product is an excellent choice. It's a flat low rate for the first 2k of usage, then a low rate for everything over 2k.

How to Switch Electricity Companies in Lone Oak?

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 Lone Oak: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 Lone Oak 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 Lone Oak?

Texas has a deregulated electricity market. That means Lone Oak 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 Lone Oak's best electricity companies and electricity plans that will make your move easy.

Getting your power turned on in Lone Oak 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 Lone Oak.

Electricity Plans for Lone Oak

  • Fixed Rate Plans: Offer a fixed rate per kWh (monthly bill may vary based on usage) for the length of the contract, typically 12 to 36 months.
  • Green Energy Plans: Source power from renewable sources such as wind, and solar.
  • No Deposit Plans: Electric companies in Lone Oak offering no deposit sometimes called prepaid electricity plans; allow customers to pay for their electricity in advance. With a no deposit electricity plan, customers can avoid credit checks, deposits, and avoid disconnection for non-payment.
  • Variable Rate Plans: Usually considered as the opposite of fixed rate plans, with these plans the price per kWh will vary month to month.
  • Time of Use Plans: Vary the rate per kWh based on the time of day and/or the season. Customers are often charged a higher rate during the day and a lower rate in the evening. Additionally there
  • Solar Buy Back Plans: This allows Lone Oak homeowners with solar panels earn extra money by selling their surplus electricity to their electricity provider. Often this is in the form of bill credits for electricity that would otherwise go to waste. Electricity companies offering these plans include: Chariot Energy, Rhythm Energy, and Energy Texas.

Electricity Plan Types in Lone Oak

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 Lone Oak

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 Lone Oak

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 Lone Oak

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 Lone Oak?

You have the power to choose your Commercial and Small Business Electricity Rates in Lone Oak. 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.

Lone Oak 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 Lone Oak 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 Lone Oak

Rates as of May 27, 2024 at 03:33 PM

Renewable and Green Energy Options in Lone Oak

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 Lone Oak 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 Lone Oak

Company Term Rate
Gexa Energy 12/months 13.2¢/kWh
Chariot Energy 36/months 15.0¢/kWh
Rhythm 24/months 17.5¢/kWh
TriEagle Energy 24/months 17.7¢/kWh
GoodCharlie Energy 36/months 19.4¢/kWh
Rates as of May 27, 2024 at 03:33 PM

What if I have Bad Credit or Cant Afford A deposit

There are several no deposit light companies in Lone Oak 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.

Lone Oak 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 Lone Oak?

You have the power to choose your Commercial and Small Business Electricity Rates in Lone Oak. 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.

Lone Oak 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 Lone Oak 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 Lone Oak

Rates as of May 27, 2024 at 03:33 PM

Find rates for your zip code in Lone Oak

FAQ: Lone Oak Rates, Plans and Providers

What Lone Oak Frontier Utilities electricity plans are available?

The following rates are available from Frontier Utilities

Frontier Saver Plus 1213.20 cents per kWh
Frontier Saver Plus 2413.20 cents per kWh
Smart Budget 2418.10 cents per kWh
Smart Budget 3618.40 cents per kWh
Frontier Saver Value Plus 1218.40 cents per kWh
Smart Budget 1219.10 cents per kWh
Light Saver 1219.80 cents per kWh
Frontier Saver Value 1221.80 cents per kWh
Frontier Saver Premier 1223.00 cents per kWh
Frontier Saver Premier 2423.00 cents per kWh
Frontier Saver Deluxe 1223.50 cents per kWh

What is a cheap Reliant electricity rate in Lone Oak?

Reliant Power Savings 24 plan is the cheapest rate from Reliant. It is a 24 month plan with a rate of 14.900 cents per kWh.

You can order the Reliant Power Savings 24 plan plan here on TexasElectricityRatings without hassling with the state-run powertochoose.org website

Is it true that Gexa Energy has a low price in Lone Oak?

Gexa Eco Saver Plus 12 is the cheapest rate from Gexa Energy. It is a 12 month plan with a rate of 13.200 cents per kWh.

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