Best Fixed Rate Electricity Plans in Texas

Q: When is the best time to sign up for a fixed-rate plan?

If you wish to secure a low fixed rate in Texas, consider shopping for plans during early spring or late fall when the weather tends to be mild. Electricity rates typically decrease during these months, presenting an opportunity to find a more cost-effective option compared to your current plan.

Q: Which energy plan is best, fixed or variable?

Our Texas energy experts commonly recommend a fixed rate over a variable rate. Fixed-rate plans provide greater stability for Texans as customers are shielded from fluctuations in the energy market. By locking in a consistent rate during periods of low prices, customers can avoid paying high rates during peak demand times, such as summer. However, individual needs vary, and some customers might benefit more from a variable-rate plan depending on the circumstances.

Q: Is it worth switching to a fixed-rate plan?

Switching to a fixed-rate plan could be worthwhile if you aim to secure a lower electricity rate than your current one. Prices typically decrease in early spring and late fall in Texas. Explore your options during these periods to determine if energy prices are lower than what you currently pay. While you may incur an early termination fee to exit your current contract, the switch could be beneficial if electricity rates are notably cheaper. Compare any penalties with the prevailing energy costs by referencing your Electricity Facts Label.

Compare the Top Fixed-Rate Electricity Plans in Texas

What is a fixed-rate electricity plan?

Fixed-rate energy plans contain a flat price for electricity that remains the same for a set contract length. Your plan’s Electricity Facts Label (EFL) outlines the fixed rate you can expect to pay. Fixed-rate plans are popular in Texas because they shield consumers from volatility in the energy market. For instance, if energy prices spike due to high demand, your electricity rate will not change under a fixed-rate plan.

Enter your ZIP code and filter for “fixed” on the “rate type” dropdown menu to explore a selection of our best electricity rates in Texas.

Please note: All rates above are accurate as of today.

How to find cheap fixed-rate energy plans in Texas

Texas Electric Rates partners with top providers across the Lone Star State to provide a variety of plans with unique features on our marketplace. We aim to simplify shopping for energy and signing up for a plan. Here’s how to find affordable fixed-rate energy plans on our marketplace:

Start by entering your ZIP code. Your location will show which providers operate in your area.
Filter according to your preference. You can filter by rate type, contract length, provider, renewable energy, and more. Filtering your results helps tailor the options to your needs.
Sign up online or over the phone. Once you find the right plan, you can sign up directly on our marketplace. If you prefer to speak with an agent over the phone, call the number on your screen for assistance.

Is a fixed-rate plan right for me?

Fixed-rate plans are the most common type of energy plan you will likely encounter in Texas’ deregulated energy market. Consider a few pros and cons when deciding if this energy plan suits you.

Pros:

Predictable energy bills. Since your electricity rate is fixed, you can easily budget for your monthly energy costs.
Protection from macro conditions. Texas’ electricity market can fluctuate based on seasonality and demand. Flat-rate plans protect customers from price spikes that often occur in summer or winter.
Straightforward pricing. The pricing structure of fixed-rate plans is generally straightforward because your electricity rate remains the same. True fixed-rate plans don’t have any hidden fees to make your bill higher than expected. Some fixed-rate plans even include bill credits for certain usage levels. Your EFL explains your electricity costs and any additional charges in your plan.

Cons:

They may not be the cheapest option. Fixed-rate plans may not always be the cheapest options available. Variable-rate plans can be cheaper when the market is low. However, fixed-rate plans tend to offer the most long-term savings since variable-rate plans change monthly.
Requires a contract. To lock in your fixed rate, you must sign a contract, generally for one to three years. Some customers may not want to be restricted by a contract.
Typically includes fees. Fixed-rate plans usually include an early termination fee (ETF) if you try to break the contract early. ETFs vary depending on the provider and are outlined in the Electricity Facts Label.

Frequently asked questions about fixed-rate plans

When is the best time to sign up for a fixed-rate plan?

If you want to lock in a low fixed rate in Texas, shop for plans during early spring or late fall when the weather tends to be mild. Electricity rates typically drop during those months, and you may find a cheaper option than your current plan.

Which energy plan is best, fixed or variable?

Our Texas energy experts typically recommend a fixed rate over a variable rate. Fixed-rate plans offer more stability for Texans than variable-rate plans because customers are not subject to fluctuations in the energy market. If customers lock in a flat rate while prices are low, they won’t have to pay high rates when demand soars, such as in the summer. However, every customer’s needs differ, and some may benefit more from a variable-rate plan depending on the scenario.

Is it worth switching to a fixed-rate plan?

It may be worth switching to a fixed-rate plan if you want to secure a lower electricity rate than what you currently pay. Prices tend to drop in early spring and late fall in Texas. Consider exploring your options during that time to learn if energy prices are lower than your current rate. You might have to pay an early termination fee to cancel your current contract, but it could be worth it if electricity rates are significantly lower. Check your Electricity Facts Label to compare any fines with the current cost of energy.