Table of Contents
- What to know aboout electricity rates in Edgewood, Texas
- Best Edgewood, TX electricity rates
- Average cost of electricity in Edgewood, Texas
- Best electricity plans in Edgewood
- Business electricity rates in Edgewood, Texas
- Best commercial electricity plans in Edgewood
- How to switch Edgewood, Texas electricity companies
- How deregulated electricity works in Edgewood
- Types of electricity plans in Edgewood, Texas
- Compare Edgewood electricity rates
- Edgewood, Texas electricity rate FAQs
What to know about electricity rates in Edgewood, TX
- Edgewood residents pay 13.10 cents per kWh while the average national rate is 16.22 cents
- The cheapest electricity rate is 8.00 cents per kWh for Edgewood residents
- You can shop rates from 35 available providers in Edgewood
Best Edgewood, TX electricity rates
In the city of Edgewood, you can find electricity rates that range from 8.00 cents to 44.86 cents per kWh. The best electricity plans in Edgewood for you depend on how much power you use and when you use it. Comparing companies is the best way to find better rates. Below are some rates from popular electric companies in Edgewood.
What is the cheapest electricity company in Edgewood, TX?
Provider | Service | Rate (¢/kWh) |
---|---|---|
Southern Federal Power | Bundled | 7.74 |
YEP Energy | Bundled | 8.70 |
APG&E | Bundled | 9.13 |
Champion Energy Services | Bundled | 10.21 |
Trinity Valley Electric Cooperative | Bundled | 11.64 |
Hudson Energy | Bundled | 11.67 |
Alliance Power | Bundled | 11.91 |
Wolverine Alternative Investments | Bundled | 12.35 |
Brooklet Energy | Bundled | 12.52 |
Evolve Energy | Bundled | 12.60 |
Because Texas has a deregulated electricity market, Edgewood residents have the flexibility to shop around for a cheaper electricity bill. Many states don’t offer this choice. If you’re looking to reduce your energy bill, consider switching to a different provider or plan. Edgewood electricity providers offer different types of plans for residents and businesses to satisfy a range of needs.
Average cost of electricity in Edgewood, Texas
According to our data, the average electricity rate in Edgewood is 13.10 cents per kWh. This equates to an average residential bill of $154.27 per month. Our data also shows the average resident in Edgewood uses 1,178 kWh per month. Below, you can see how Edgewood's electricity rates compare to the averages in Texas and the United States.
Rate | Usage | Bill | |
---|---|---|---|
Edgewood Average | 13.10¢ | 1,178 kWh | $154.27 |
Texas Average | 15.47¢ | 1,333 kWh | $174.63 |
United States Average | 16.22¢ | 884 kWh | $143.38 |
Since the average price is 13.10 cents per kWh or $154.27 per month for residential electricity, prices lower than these can be considered affordable. Electricity rates in Edgewood, Texas depend on your home size and usage, so the kWh rate is more useful when comparing your rate to the average.
Best electricity plans
We've analyzed the prices, terms, and conditions of popular Edgewood electricity plans. Below are our picks for the best residential plans in the state.
Provider | Contract Term | Rate | Plan |
---|---|---|---|
12 months | 11.9¢/kWh | See Plan | |
12 months | 12.9¢/kWh | See Plan | |
12 months | 13.9¢/kWh | See Plan | |
12 months | 14.8¢/kWh | See Plan | |
12 months | 15.4¢/kWh | See Plan | |
24 months | 15.8¢/kWh | See Plan | |
24 months | 16.4¢/kWh | See Plan | |
6 months | 17.8¢/kWh | See Plan | |
12 months | 17.8¢/kWh | See Plan | |
See All Plans |
Compare Edgewood electricity providers
There are 35 electricity providers in Edgewood, TX. While some providers only serve specific areas, you have multiple options for electricity wherever you are. Different providers can offer different specials, plan types, and sales throughout the year. However, always read the fine print of the energy plans you consider to avoid hidden penalties.
Residential Electricity Providers in Edgewood
Provider | Service Type | Rate (¢/kWh) | Bill |
---|---|---|---|
Southern Federal Power | Bundled | 7.74 | $116.55 |
YEP Energy | Bundled | 8.70 | $84.84 |
APG&E | Bundled | 9.13 | $125.60 |
Champion Energy Services | Bundled | 10.21 | $128.22 |
Trinity Valley Electric Cooperative | Bundled | 11.64 | $152.34 |
Hudson Energy | Bundled | 11.67 | $151.82 |
Alliance Power | Bundled | 11.91 | $152.94 |
Wolverine Alternative Investments | Bundled | 12.35 | $240.36 |
Brooklet Energy | Bundled | 12.52 | $121.96 |
Evolve Energy | Bundled | 12.60 | $177.99 |
Business electricity rates in Edgewood, TX
Commercial rates are typically cheaper than residential rates in Edgewood, Texas because businesses consume a lot of energy. This means they get a volume discount on electricity. Think about how much power a corner store might use to run HVAC, refrigeration, security systems, lighting, and computers. It adds up. Our data shows the average business in Edgewood pays 7.93 cents per kWh for electricity and has an average bill of $78,276 per month. They also use 9,876 kWh per month, which is a big increase from the residential average of 1,178 kWh.
Rate | Usage | Bill | |
---|---|---|---|
Edgewood Average | 7.93¢ | 9,876 kWh | $782.76 |
Texas Average | 8.83¢ | 9,046 kWh | $798.94 |
United States Average | 12.14¢ | 5,654 kWh | $686.54 |
Finding ways to reduce overhead costs is essential as a business owner. You have the opportunity to do that in a deregulated electricity market. Even reducing your electricity by one or two cents per kWh can make a huge difference when you have a high monthly bill. Compare commercial electricity rates to find the plan that makes the most sense for your business.
Best commercial electricity plans
Below are the top commercial electricity plans in Edgewood, Texas.
Provider | Contract Term | Rate | Plan |
---|---|---|---|
54 months | 5.066¢/kWh | See Plan | |
48 months | 5.074¢/kWh | See Plan | |
42 months | 5.159¢/kWh | See Plan | |
36 months | 5.179¢/kWh | See Plan | |
54 months | 5.215¢/kWh | See Plan | |
48 months | 5.224¢/kWh | See Plan | |
54 months | 5.234¢/kWh | See Plan | |
48 months | 5.243¢/kWh | See Plan | |
54 months | 5.248¢/kWh | See Plan | |
48 months | 5.257¢/kWh | See Plan | |
30 months | 5.302¢/kWh | See Plan | |
24 months | 5.303¢/kWh | See Plan | |
42 months | 5.322¢/kWh | See Plan | |
54 months | 5.333¢/kWh | See Plan | |
42 months | 5.342¢/kWh | See Plan | |
48 months | 5.343¢/kWh | See Plan | |
36 months | 5.344¢/kWh | See Plan | |
36 months | 5.364¢/kWh | See Plan | |
42 months | 5.372¢/kWh | See Plan | |
54 months | 5.385¢/kWh | See Plan | |
36 months | 5.397¢/kWh | See Plan | |
48 months | 5.399¢/kWh | See Plan | |
42 months | 5.433¢/kWh | See Plan | |
54 months | 5.453¢/kWh | See Plan | |
36 months | 5.454¢/kWh | See Plan | |
48 months | 5.466¢/kWh | See Plan | |
54 months | 5.473¢/kWh | See Plan | |
48 months | 5.485¢/kWh | See Plan | |
30 months | 5.488¢/kWh | See Plan | |
24 months | 5.490¢/kWh | See Plan | |
18 months | 5.505¢/kWh | See Plan | |
30 months | 5.508¢/kWh | See Plan | |
54 months | 5.509¢/kWh | See Plan | |
24 months | 5.510¢/kWh | See Plan | |
48 months | 5.521¢/kWh | See Plan | |
42 months | 5.540¢/kWh | See Plan | |
30 months | 5.567¢/kWh | See Plan | |
24 months | 5.572¢/kWh | See Plan | |
36 months | 5.573¢/kWh | See Plan | |
54 months | 5.579¢/kWh | See Plan | |
30 months | 5.583¢/kWh | See Plan | |
24 months | 5.584¢/kWh | See Plan | |
48 months | 5.594¢/kWh | See Plan | |
42 months | 5.599¢/kWh | See Plan | |
54 months | 5.599¢/kWh | See Plan | |
48 months | 5.613¢/kWh | See Plan | |
42 months | 5.619¢/kWh | See Plan | |
36 months | 5.630¢/kWh | See Plan | |
12 months | 5.637¢/kWh | See Plan | |
42 months | 5.641¢/kWh | See Plan | |
54 months | 5.642¢/kWh | See Plan | |
36 months | 5.649¢/kWh | See Plan | |
48 months | 5.658¢/kWh | See Plan | |
36 months | 5.668¢/kWh | See Plan | |
18 months | 5.725¢/kWh | See Plan | |
18 months | 5.746¢/kWh | See Plan | |
42 months | 5.746¢/kWh | See Plan | |
42 months | 5.765¢/kWh | See Plan | |
36 months | 5.780¢/kWh | See Plan | |
30 months | 5.783¢/kWh | See Plan | |
18 months | 5.796¢/kWh | See Plan | |
24 months | 5.797¢/kWh | See Plan | |
36 months | 5.800¢/kWh | See Plan | |
42 months | 5.805¢/kWh | See Plan | |
30 months | 5.829¢/kWh | See Plan | |
24 months | 5.840¢/kWh | See Plan | |
36 months | 5.841¢/kWh | See Plan | |
30 months | 5.845¢/kWh | See Plan | |
18 months | 5.847¢/kWh | See Plan | |
30 months | 5.850¢/kWh | See Plan | |
24 months | 5.851¢/kWh | See Plan | |
24 months | 5.860¢/kWh | See Plan | |
12 months | 5.868¢/kWh | See Plan | |
12 months | 5.890¢/kWh | See Plan | |
12 months | 5.934¢/kWh | See Plan | |
30 months | 6.008¢/kWh | See Plan | |
12 months | 6.011¢/kWh | See Plan | |
24 months | 6.022¢/kWh | See Plan | |
30 months | 6.029¢/kWh | See Plan | |
24 months | 6.043¢/kWh | See Plan | |
30 months | 6.060¢/kWh | See Plan | |
59 months | 6.070¢/kWh | See Plan | |
24 months | 6.075¢/kWh | See Plan | |
59 months | 6.083¢/kWh | See Plan | |
58 months | 6.088¢/kWh | See Plan | |
60 months | 6.088¢/kWh | See Plan | |
54 months | 6.089¢/kWh | See Plan | |
48 months | 6.098¢/kWh | See Plan | |
60 months | 6.100¢/kWh | See Plan | |
58 months | 6.101¢/kWh | See Plan | |
47 months | 6.111¢/kWh | See Plan | |
57 months | 6.118¢/kWh | See Plan | |
53 months | 6.120¢/kWh | See Plan | |
47 months | 6.124¢/kWh | See Plan | |
57 months | 6.131¢/kWh | See Plan | |
53 months | 6.133¢/kWh | See Plan | |
18 months | 6.138¢/kWh | See Plan | |
46 months | 6.138¢/kWh | See Plan | |
18 months | 6.139¢/kWh | See Plan | |
52 months | 6.141¢/kWh | See Plan | |
See All Plans |
How to switch your Edgewood electricity provider
Three simple steps can help you switch Edgewood electricity providers while avoiding service interruptions and unnecessary fees:
- Review your current plan and usage, checking your contract end date to avoid early termination fees.
- Compare providers' rates about 14 days before your contract expires. You'll need your address, driver's license, and Social Security number ready.
- Select your new provider, who'll handle the entire switching process, including notifying your current company.
The switch typically takes a few days, and you won't experience any service disruption.
Best time to switch electric companies in Edgewood, Texas?
While choosing the right electricity provider in Edgewood is important, timing your switch can also help you save on energy bills.
Here are a few times to consider switching:
- Spring and fall: Switch during these seasons when electricity demand is lowest, helping you secure better rates.
- Pre-season planning: Consider switching just before summer or winter to avoid seasonal price spikes.
- Contract end: Time your switch within 14 days of your contract expiration to avoid termination fees.
- Promotions: Take advantage of promotions and special offers during low-demand periods.
Remember to review your current contract terms and compare rates from multiple providers before making the switch.
Edgewood's deregulated electricity market
When Texas deregulated its electricity market in 2002, the state transformed its energy landscape by splitting the traditional utility model into three distinct segments: generation, transmission, and retail.
Here's how it works for you:
- Power Generation Companies create electricity and sell it wholesale.
- Transmission and Distribution Utilities maintain the power lines and infrastructure.
- Retail Electric Providers (REPs) purchase electricity and sell it to you.
Texas residents can choose from over 170 REPs in competitive areas, which serve about 85% of Texas power consumers. The Public Utility Commission of Texas operates the Power to Choose website, which displays plans and providers in each zip code.
While you select your provider, your local utility company still handles power line maintenance and outages, ensuring reliable delivery to your home.
Types of electricity plans in Edgewood, TX
The Edgewood electricity market offers several distinct plan types, each designed to match different consumer needs and preferences.
You'll find four main options:
- Fixed-rate plans lock in your rate per kilowatt-hour for 6 to 36 months, providing predictable bills and protection from market swings. Most customers choose 12 or 24-month terms.
- Variable-rate plans fluctuate with market conditions, offering flexibility but higher risk.
- Time-of-use plans charge different rates based on when you use electricity, with potential savings during off-peak hours.
- Prepaid plans let you pay in advance without deposits, while specialty options include indexed and renewable energy plans.
Compare Edgewood electricity rates
Compare Edgewood electricity rates to save money and avoid overpaying in the deregulated market. Bills can vary greatly, with rates between 8 to 45 cents per kWh across different providers and plan structures. Take the time to read the fine print and do the math to figure out which is your best option.
Electricity rates for cities near Edgewood, Texas
- Wills Point, TX electricity rates
- Canton, TX electricity rates
- Grand Saline, TX electricity rates
- Emory, TX electricity rates
- West Tawakoni, TX electricity rates
- Van, TX electricity rates
- Terrell, TX electricity rates
- Quinlan, TX electricity rates
- Mabank, TX electricity rates
- Callender Lake CDP, TX electricity rates
Electricity rates for other cities
Edgewood, TX electricity rate FAQs
What is a good rate per kWh in Edgewood?
In Edgewood, Texas, a good electricity rate falls between 12 cents to 14 cents per kWh. Tired of high bills? Shop during spring and fall to lock in lower prices before HVAC use spikes in the summer or winter.
What are electric rates in Edgewood today?
Edgewood electricity rates currently average 13.10 cents per kWh, but you'll likely pay between 11 to 15 cents depending on your provider, location, and plan type.
Why is electricity so expensive in Edgewood, TX right now?
Your Edgewood electricity costs may be high because of massive grid upgrades and rising natural gas prices. You'll pay more as utilities spend billions on infrastructure while data centers and extreme weather strain the system.
Will electricity get cheaper in the future?
Electricity rates fluctuate due to energy demand, fuel costs, grid infrastructure, and regulatory policies. While short-term declines may occur, long-term trends often show increases due to inflation, grid modernization, and shifts to renewable energy.