Olney Electricity Rates, Plans & Suppliers
The cheapest Olney electricity rate is 17.3 ¢/kWh, 17% lower than the average rate of 20.9 ¢/kWh.
34% 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 Olney is $200, with average electricity usage of 1100 per month.
Recommended Olney Electricity Plans
Compare Olney Electricity Rates
We've researched the best providers and plans so you can find a great electricity rate in Olney
| Company | Term | Rate |
|---|---|---|
| 4Change Energy | 24/months | 10.3¢/kWh |
| Gexa Energy | 12/months | 10.4¢/kWh |
| Frontier Utilities | 12/months | 10.5¢/kWh |
| Chariot Energy | 36/months | 10.7¢/kWh |
| Discount Power | 24/months | 10.7¢/kWh |
| Cirro Energy | 12/months | 11.0¢/kWh |
| Think Energy | 6/months | 12.7¢/kWh |
| Just Energy | 24/months | 12.8¢/kWh |
| Tara Energy | 24/months | 12.8¢/kWh |
| Veteran Energy | 12/months | 12.8¢/kWh |
Best Light Companies in Olney
TexasElectricityRatings, rates the top electricity companies in Olney
| Rank | Provider | Stars | Award | |
|---|---|---|---|---|
| #1 |
|
Champion Energy Services |  |
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| #2 |
|
Payless Power | |
|
| #3 |
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Constellation |  |
|
| #4 |
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TriEagle Energy | |
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| #5 |
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Reliant | |
|
Video - What is The Best Olney Electricity Rate (September 2024)
How to Switch Your Olney Power Company
Finding a new electricity provider in Olney is simple. Follow these simple steps to get the lowest electricity rate in Olney.
- Compare Olney power companies and prices
- Review electricity plan details
- Complete your order
Enter your zip code and compare the latest electricity plans from the best Olney electric companies.
Plan details allow you to view the important information about the plan into a way that is easy to understand.
Once you've selected the best plan, order online through our easy to use platform. We're connected directly to every major Texas electricity company. Once complete you'll receive a confirmation email with your order information and your order status.
Are You Moving to Olney?
Texas has a deregulated electricity market. That means Olney Electricity Companies compete for your business. Just like cellphone, Internet, Insurance and credit card companies that compete for your business. And just like those businesses there are plenty of ways that Texas electricity companies can take advantage of you, so we've made it easy. We've rated, ranked, and recommend Olney's best electricity companies and electricity plans that will make your move easy.
Getting your power turned on in Olney is easy. If your home has a smart meter, we can get your power turned on in 4-6 hours. Just enter your zip code to get started.
Compare Local Electric Rates
When shopping for electricity, you will see that rates and plan availability may vary by location. This is due to differences between local utility transmission and delivery fees.
That's why you need to enter your zip code to compare electricity rates in Olney.
Olney Energy Plans
There are over 200 plans across 40+ providers currently available in the Olney Market. They range from 1 month variable rate plans to 60 months in duration. The easiest way to break all this down is into three categories.
Fixed Rate Plans
Fixed rate plans have terms ranging from 3 to 36 months, and provide a "fixed" rate for your electricity usage.
Variable rate or Month to Month plans
Variable rate plans change on a monthly basis. They are good for those who need short term flexibility,, and cannot commit to a long term contract. Variable rate plans change monthly and may double or triple if there is a weather event. (And we've had a few in the last 5 years). We do not recommend these plans.
Pre-paid Plans
For those who have not built credit, or want to avoid paying a deposit, there are pre-paid plans. Prepaid plans require that you establish an account and fund a balance. Usually $25-$50. Once the account is funded, your electricity is turned on and every day your balance is reduced by the cost of electricity used that day. The provider will contact you via text, app and automated calls to add money to your account as the balance changes.
Electricity Plan Types in Olney
Now that we have explained TDSP rates, the second thing to consider is the type of electricity plans a customer can buy. Each plan will likely end up having different rate scales. There are three types of electricity plans you can choose from when selecting an energy plan that best fits your needs.
Fixed Rate Electricity Plan in Olney
Lock in low energy rates for a period of months ranging from 9 to 36. Be aware that these contracts typically charge an early termination fee if you switch before your term ends.
Variable Rate Electricity Plan in Olney
Month to month contracts with rates that vary. You won't have to worry about deposits or early termination fees, but rates can decrease or increase from month to month.
Pre-Paid Electricity Plan in Olney
You deposit money into an account that your energy company bills directly depending on your use. Keep in mind there are often daily charges with these plans. Rates typically change from month to month.
There are other kinds of plans, such as green plans, or plans that come bundled with things like Smart Thermostats, but for the most part, these three plans are the main three kinds of choices available.
Compare Business Electricity Rates in Olney?
You have the power to choose your Commercial and Small Business Electricity Rates in Olney. The Texas Electricity Ratings commercial electricity marketplace is exclusively for business electricity customers looking to start commercial service or compare their existing commercial electricity rates.
Olney business electricity rates are some of the lowest in the US and are 20-30% less than residential rates. So, if you're starting a business in Olney or just want to compare commercial electricity rates and shop the market for a better rate, you could save thousands each year by shopping for a lower rate.
Commercial Electricity Rates in Olney
Renewable and Green Energy Options in Olney
Over 30% of the energy produced in Texas is from renewable energy resources such as solar, and wind. In fact, Texas produces more green energy than any other state. And is one of the reasons that Texas has some of the lowest electricity rates in the US.
Every Texas energy provider has about 20% green energy in their mix of energy sources. You can see this in the Fuel Mix section of any Texas Electricity Plan EFL (Electricity Facts Label).
Most Texas electricity companies have a 100% green / renewable energy plan, where 100% of the energy you buy supports renewable energy generators. Some Olney electricity companies are exclusively green, where every plan is 100% green and prices and rates support 100% green energy and renewable generation.
The 3 types of renewable energy plans to select from:
- Green energy term plans:
- These are similar to traditional 3 to 12 month term plans with 100% green energy.
- EV Charging Plans:
- Plans targeted at EV owners that are "Time of Use" where you pay low rates at night (between 11PM and 5AM) and a higher rate during the day.
- Solar Buy Back Plans:
- Plans that allow homeowners who own their solar panels to sell excess power back to their provider or offset their electricity bill with excess power generated by their solar panels and may earn bill credits of up to .25 cents per kWh exported back to the grid.
Five Green Electric Plans for Olney
| Company | Term | Rate |
|---|---|---|
| Gexa Energy | 12/months | 10.4¢/kWh |
| Chariot Energy | 36/months | 10.7¢/kWh |
| Think Energy | 12/months | 12.9¢/kWh |
| Rhythm | 6/months | 13.5¢/kWh |
What if I have Bad Credit or Cant Afford A deposit
There are several no deposit light companies in Olney 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 youve 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 | 17.7¢/kWh |
| Payless Power | 12/months | 18.2¢/kWh |
| Company | Term | Rate |
|---|---|---|
| Payless Power | 6/months | 19.4¢/kWh |
| Payless Power | 12/months | 19.9¢/kWh |
Olney Electricity Outage Information
If you have a power outage, or any issue with your home's electrical delivery, you should contact your local electric utility for assistance, Centerpoint Energy - 713-207-2222, Oncor Energy - 888-313-4747, AEP Central/AEP North - 866-223-8508, or TNMP - 888-866-7456
Contact the Texas Public Utilities Commission with any other concerns: PUC Customer Protection, P.O. Austin, TX 787111-3326. Phone: 1-888-782-8477, Email at customer@puc.texas.gov
Compare Business Electricity Rates in Olney?
You have the power to choose your Commercial and Small Business Electricity Rates in Olney. The Texas Electricity Ratings commercial electricity marketplace is exclusively for business electricity customers looking to start commercial service or compare their existing commercial electricity rates.
Olney business electricity rates are some of the lowest in the US and are 20-30% less than residential rates. So, if you're starting a business in Olney or just want to compare commercial electricity rates and shop the market for a better rate, you could save thousands each year by shopping for a lower rate.
Commercial Electricity Rates in Olney
Find rates for your zip code in Olney
FAQ: Olney Rates, Plans and Providers
Is it true that Constellation has a low price in Olney?
- 12 Month Usage Bill Credit is the cheapest rate from Constellation. It is a 12 month plan with a rate of 13.700 cents per kWh.
We recommend you compare electricity rates in Olney and see if this plan is right for you.
What Olney TXU Energy electricity plans are available?
The following rates are available from TXU Energy
4Change Energy offers these plans in Olney
The following rates are available from 4Change Energy