Magnolia Electricity Rates, Plans & Suppliers

Currently, the cheapest Magnolia electricity rate is 15.2 ¢/kWh, 30% lower than the average rate of 21.7 ¢/kWh.

Based on recent order data, the best electricity providers in Magnolia are 4Change Energy, Chariot Energy, and Gexa Energy.

81% are choosing plans with a contract length of 12 months, with 24 month contracts being the second most popular choice at 24%.

The average electric bill in Magnolia ranges from $180 to $310, with an average electricity usage of 1100-1400 kWh per month.
cheapest Electricity rates and plans in  texas

Champ Saver-24 from Champion Energy Services

  • Our Review: Champions plans are all pretty similar, and their 24 month plan is more of the same. Champion plans are flat and have similar kWh rates across the three different usage thresholds, which means that customers won't have any big bill surprises in store if they use 500 kWh, 1500 kWh, or 2500 kWh. The plan has a pretty competitive energy charge, which also keeps your monthly bills low. The plan has no monthly recurring or base charge, and it has a cancellation fee of $250. So be sure not to cancel your conract after only a year. Also, most importantly, this plan is an All Included deal. So when you're looking at the EFL, you will see that the kWh rate you see advertised includes all of the TDU transportation fees, as well. Which is why the rate might look high, but the bills are reasonable.
  • Pros: Champion's 24 month plan is predictable, pretty affordable, and comes with no surprises.
  • Cons: Not the absolute cheapest plan out there, but not the most expensive.
  • Plan Type: Fixed Rate
  • Rate: 14.7 - 16.3 cents per kWh
  • Term: 24 Months

Champ Saver-12 from Champion Energy Services

  • Our Review: Champions plans are all pretty similar, and their 12 month plan is no different. Champion plans are flat and have similar kWh rates across the three different usage thresholds, which means that customers won't have any big bill surprises in store if they use 500 kWh, 1500 kWh, or 2500 kWh. The plan has a pretty competitive energy charge, which also keeps your monthly bills low. The plan has no monthly recurring or base charge, and it has a cancellation fee of $150. So be sure not to cancel your conract a month early. Also, most importantly, this plan is an All Included deal. So when you're looking at the EFL, you will see that the kWh rate you see advertised includes all of the TDU transportation fees, as well. Which is why the rate might look high, but the bills are actually fairly low.
  • Pros: Champion's 12 month plan is predictable, pretty affordable, and comes with no surprises.
  • Cons: Not the absolute cheapest plan out there, but not the most expensive.
  • Plan Type: Fixed Rate
  • Rate: 14.8 - 16.4 cents per kWh
  • Term: 12 Months

Maxx Saver Select 24 from 4Change Energy

  • Our Review: 4Change's Maxx Saver Select 24 plan is one of many bill credit plans that have limited utility. The $100 bill credit kicks in at a usage level of 1k, so for anyone using less than that each month, like an apartment dweller, the plan rate is horribly high. If they use over a 1k, the bill credit kicks in and the rate becomes pretty competitive. But if you use much more over 1k, the the very high energy charge of the plan takes over and that bill credit becomes less and less effective.
  • Pros: This plan has a huge bill $100 credit at 1k kWh of usage
  • Cons: If you use under 1k or well over 2k, the bill credit basically doesn't help you
  • Plan Type: Bill Credit
  • Rate: 12.3 - 23.6 cents per kWh
  • Term: 24 Months

Five Cheapest Electric Rates for Magnolia

Company Term Rate
4Change Energy 24/months 12.4¢/kWh
Frontier Utilities 12/months 12.4¢/kWh
Gexa Energy 12/months 12.4¢/kWh
Discount Power 12/months 12.9¢/kWh
Constellation 12/months 12.9¢/kWh
Rates as of Dec 09, 2023 at 11:26 AM

Green Energy Options in Magnolia

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

Company Term Rate
Gexa Energy 12/months 12.4¢/kWh
Rhythm 19/months 15.1¢/kWh
Chariot Energy 24/months 15.2¢/kWh
APG&E 12/months 16.3¢/kWh
GoodCharlie Energy 36/months 16.9¢/kWh
Rates as of Dec 09, 2023 at 11:26 AM

The 5 Best Electric Providers in Magnolia's

Power to choose in Magnolia

If you live in Magnolia, you have the power to choose an electricity provider.

Since the early 2000s in the deregulated energy market in Texas, you can compare, shop, and switch to the lots of great retail electricity provders such as:

Find a great rate today - Compare Electricity Plans NOw:

No Deposit & Prepaid Plans for Magnolia

There are several no deposit light companies in Magnolia 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 you’ve 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 6/months 18.2¢/kWh
Payless Power 12/months 18.9¢/kWh
Rates as of Dec 09, 2023 at 11:26 AM

Magnolia Rates, Plans and Provider FAQ

Is it true that 4Change Energy has a low price in Magnolia?

Maxx Saver Select 24 is the cheapest rate from 4Change Energy. It is a 24 month plan with a rate of 12.400 cents per kWh.

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

What is a cheap Constellation electricity rate in Magnolia?

12 Month Flat Tier Product is the cheapest rate from Constellation. It is a 12 month plan with a rate of 12.900 cents per kWh.

You can order the 12 Month Flat Tier Product plan here on TexasElectricityRatings without hassling with the state-run powertochoose.org website

Constellation offers these plans in Magnolia

The following rates are available from Constellation

12 Month Flat Tier Product12.90 cents per kWh
12 Month Usage Bill Credit14.90 cents per kWh
12Mo Usage Bill Credit + A/C Protection for 1 Unit and HVAC Monitoring14.90 cents per kWh
12Mo Usage Bill Credit + A/C Protection for 2 Units and HVAC Monitoring14.90 cents per kWh
12 Month (No Min Usage Fee)15.90 cents per kWh
12 Month GREEN (No Min Usage Fee)16.50 cents per kWh

What Magnolia Reliant electricity plans are available?

The following rates are available from Reliant

Reliant Power Savings 24 plan13.90 cents per kWh
Reliant Power Savings 12 plan14.90 cents per kWh
Reliant Basic Power 24 plan16.20 cents per kWh
Reliant Conservation 24 plan16.50 cents per kWh
Reliant Basic Power 12 plan16.80 cents per kWh
Reliant Conservation 12 plan16.90 cents per kWh
Reliant Flextra Credits 12 plan17.80 cents per kWh

Find rates for your zip code in Magnolia