Texas Apartment Electricity
Moving into an apartment can be stressful. Choosing an apartment electricity plan shouldn’t be. In this article, Quick Electricity presents the best electricity for apartment renters from the top energy providers in Texas.
Our research shows that the average electric bill for a one bedroom apartment in Houston is anywhere from $75-$125 a month depending on square footage and seasonal changes in weather. In other Texas cities such as Dallas, Fort Worth and Corpus Christi, you’ll find the average cost of utilities to be somewhat cheaper. Quick Electricity has outlined the best apartment energy plans to make your move easier.
Here’s Our Top 3 Picks for Apartment Electricity in Texas
First Choice Power: Pay As You Go with Free Electricity Every Weekend
One of our most popular prepaid electricity companies is First Choice Power. With super low apartment electricity rates, easy enrollment and account management, First Choice Power has a plan for every renter. Like to have your friends over on the weekends? The Power to Go Free Weekends plan is preferred because not only can you secure a cheap energy rate during the week, you’ll pay nothing for the energy you consume from 12:00am on Saturday to 11:59pm on Sunday. Weekday rates for this plan are only 9.2¢ in Dallas-Fort Worth and 9.7¢ in the Houston Metro. Enroll Online Now
Frontier Utilities: A Cheap Apartment Deposit
Have bad credit? A poor credit score is no problem with this low deposit electricity plan from Frontier. Many of us dread choosing a fixed rate electric plan because of expensive security deposits. Down payments with companies such as Reliant and TXU can cost up to $200 for a one year plan. With the Frontier Utilities Deposit Saver plan, you can avoid a credit check and pay a cheap apartment deposit of only $65 to lock in a low energy rate for 6 or 12 months. Sign up for the Deposit Saver today and Frontier will give you a $25 bill credit when you use the promo code FUN25. Enroll Online Now
Pronto Power: Pre-Pay and Avoid a Huge Monthly Bill
Prepaid Electricity is a great option for apartment dwellers in Texas and Pronto Power offers the cheapest prepaid electric rate in the state. There are many advantages for choosing to prepay for your electricity. Much like a prepaid gas card, simply pay for the electricity you use and recharge your account as needed. Complimentary daily text and email reminders let you know your usage per day and give an estimated date of when you’ll need to add money to your account. College roommates love this service because there’s no monthly electric bill to divide. You can set up your same day apartment electricity with Pronto Power by calling (844) 294-6260.
Want to see more low rate plans from Quick Electricity? Take a look at our plans comparison page where you’ll find no deposit electricity, free energy deals and more.
Update: On January 11, 2018, the Lubbock City Council approved a motion to join the Electric Reliability Council of Texas (ERCOT), which will bring electricity choice to Lubbock citizens. There are still many aspects to define, including the need for infrastructure upgrades and how Lubbock Power & Light will operate after the transition. The next step is to perform feasibility studies and define technical requirements, which means the whole process will likely take a few years. Once energy deregulation reaches Lubbock, citizens will be able to shop around for providers by visiting QuickElectricity.com.
Quick Electricity is a Texas electricity plan comparison site owned and operated by Lubbock native and third generation Red Raider, Mary Elston Pressler. With Quick Electricity you’ll find a variety of residential energy plans with the most competitive electric rates ranging from one month to two year terms. Another popular option is prepaid or “pay as you go” electricity. Short term renters and Texas Tech students will love the convenience of prepaid electric and using mobile apps to manage their accounts. Switching from LP&L to a new energy provider will be as easy as a click or call and new account holders will be connected the same day. All Lubbock area residents are encouraged to follow us on Facebook for all updates regarding the power to choose energy providers in Lubbock.
You can read more about the Lubbock City Council’s recent decision on Lubbock Online.
The Texas electricity market was deregulated in the year 2002, allowing Texans to choose their electricity providers. Conventional utilities have continued to operate, but now they only charge a transmission and distribution fee that is added to the price of electricity. Utilities can continue to generate electricity and sell it to their customers, but must compete with other providers in a free market; in other words, electric utilities no longer hold a monopoly over the energy supply. Currently, around 85% of Texans can choose their electric providers, and this includes Houston and the Dallas/Fort Worth metroplex.
It is important to note that conventional utilities still hold a monopoly over transmission and distribution, but this makes sense because it allows a single power grid to serve a given area. If competition was allowed in transmission and distribution as well, cities would become saturated with distribution networks belonging to different companies.
Why Haven’t All Utilities in Texas Been Deregulated?
You might be wondering then, why can’t all Texans choose their electric providers? This has to do with how deregulation was legally structured: it was made mandatory for investor-owned utilities, but optional for municipal utilities and electric cooperatives. In other words, these companies can decide not to participate in the competitive retail electricity market.
- As implied by their name, municipal utilities normally serve a specific municipality and
are owned by the city government.
- On the other hand, electric cooperatives are owned by their customers, and profits are
either reinvested or distributed among electricity consumers.
Municipal utilities and electric cooperatives are examples of publicly-owned utilities, and they are both non-profit organizations. Although there are exceptions, municipal utilities are typically found in urban areas, while electric cooperatives are often established in rural areas. These companies can only become deregulated through a resolution by their board of directors or governing body; however, once they agree the process is irreversible.
There are also areas of Texas that are served by private utilities, but where there is not enough competition in generation to successfully establish a retail market downstream. This also applies to areas where the existing grid interconnections are inexistent or unable to support energy purchases from other locations in the state. Some examples of this are the territories served by Energy Gulf States and AEP SWEPCO.
Major Cities in Texas Without a Retail Electricity Market
San Antonio, El Paso, Amarillo, and Lubbock are among the largest Texas cities without a competitive energy market yet. The reasons are summarized in the following table:
|City||Limitations for Electricity Deregulation|
|San Antonio||The city is served by CPS Energy, a municipal utility that is not participating in the retail electricity market.|
|El Paso||El Paso Electric is an investor-owned company, but the wholesale electricity market and local grid cannot support a competitive retail market yet.|
|Amarillo||Southwestern Public Service Company (part of Xcel Energy) is an investor-owned company, but the wholesale electricity market and local grid cannot support a competitive retail market yet.|
|Lubbock||The city is served by Lubbock Power & Light (LP&L), a municipal utility that is not participating in the retail electricity market.|
Lubbock Power & Light to Interconnect with ERCOT in 2019
Although deregulation is not mandatory for LP&L, the municipal utility is taking steps to deliver more affordable electricity to its customers. Currently, the utility is purchasing all of its electricity from Xcel Energy. The contract is set to expire in 2019. At that point, LP&L will join the Electricity Reliability Council of Texas (ERCOT) and interconnect with the statewide grid.
The main benefit of this move is that LP&L will no longer rely on a single wholesale provider, and will be able to purchase electricity from the 550 generators spread throughout Texas who are connected to the power grid. Rather than being bound to a single provider, LP&L will now be able to select an energy mix that best suits the needs of its customers – solar and wind power are of special interest, due to how fast their cost has declined in recent years.
LP&L will also avoid having to invest in a new power plant that could cost from $350 million to $700 million, which would likely cause a sharp increase in electricity rates. Other key benefits are eliminating capacity charges and gaining a new source of income in the form of transmission fees, which are charged if other participants in the Texas energy market use grid infrastructure owned by LP&L.
It is important to note that Lubbock citizens will continue to purchase energy only from LP&L, which means this is not deregulation strictly speaking. However, electricity prices are expected to decrease while service reliability is improved. Investment in a new grid interconnection will be required, but the technical and financial benefits for LP&L and its customers outweigh the cost of interconnection. The decision was taken after 19 studies carried out by third-party consultants and LP&L staff, and the project has been called the 2019 Solution.
If you live in a region of Texas without a retail electricity market, the outlook depends on your location. If you purchase electricity from a municipal utility or an electric cooperative, deregulation is only possible if the company voluntarily joins the retail market. On the other hand, if you live in El Paso, Amarillo, or any other region served by an investor-owned utility, deregulation is just a matter of time. The retail electricity market will be available as soon as the grid infrastructure and wholesale market deliver the right conditions.
Map of Energy Deregulated Territories in Texas
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