While this is good for the local economy, it puts even more of a damper on the Texas power grid, resulting in high Houston power rates. Power rates are more unpredictable than ever between inflation, competition, and supply chain issues because of the Russia-Ukraine conflict.Īdditionally, despite having less oil and gas to go around than before, Texas continues to be the leading oil and gas distributor to the U.S. You can point at any factors, including the ones listed above, and blame them for the high electricity rates. Over the last year or two, Houston’s power rates have been higher and more volatile than ever. When this happens, electricity is more expensive, which results in a higher Houston power rate.

However, supply chain issues can arise because electricity needs to be produced faster to keep up with the power grid. Supply chain issues are closely linked to your location. The more readily available it is, the cheaper it will be. Your location will largely determine how readily available electricity is in your area. This is because everyone wants to use power simultaneously, which places additional stress on the power grid and results in higher electricity rates. Electricity rates tend to skyrocket during peak usage hours, typically from early afternoon to evening. In addition to the time of year, the time of day also plays a role. This is because power is in higher demand at these times of the year, leading to less supply and higher prices. In particular, the summer and winter months often result in the highest electricity rates. You may have noticed that Houston’s power rates are higher at certain times of the year than others. What Affects the Cost of Houston Power Rates?Īnother thing that makes it tough to find the best Houston power rates is that many factors impact them. It changes daily, so it’s essential to lock in a low, fixed-rate that won’t change. Additionally, new retail electric providers are constantly opening their doors and starting to offer electricity to the residents of Texas.īecause of these reasons, it’s tough to say who the cheapest electricity company is in Texas. Rates valid as of at 8:00 AM EST See All Plans Who has the Cheapest Houston Power Rates?īecause of the volatile nature of the Texas electricity market, the cheapest company today might not be the most affordable company tomorrow. Once you have all the information, you’ll easily find the most affordable Houston power rates. We will then compile a list of all the electricity plans and their rates available in your area.

Enter your ZIP Code into the free rate comparison tool at the top of the page. Our helpful page on How to Compare Electricity Rates will give you an overview of what you need to know.Į is also here to help you select an electricity provider. However, in order to find those affordable plans, you’ll want to get a basic understanding of what to know before you start shopping around. There are hundreds of electricity providers and plans to choose from in Houston, many of which offer rates lower than 14 cents.

However, just because 14 cents/kWh is the average rate doesn’t mean it will be your rate. What are the Average Houston Power Rates?Ĭurrently, the average Houston power rates are sitting around 14 cents/kWh, slightly higher than the Texas average of 13.25 cents/kWh. How to Lock in the Best Houston Power Rates on the Market.Why are Houston Power Rates on the Rise?.What Affects the Cost of Houston Power Rates?.Who has the Cheapest Houston Power Rates?.What are the Average Houston Power Rates?.

Electricity rate comparison houston