Cheap energy deals and discounts
Energy deals and discount codes can be hard to find for a few reasons. For starters, the energy market constantly changes, leading to fluctuations in electricity prices and plan options. Most electricity companies in deregulated areas do not offer discounts or deals on energy plans. Instead, they compete for your business by providing low energy prices and better plan terms upfront.
At SaveOnEnergy, we understand that most Texas electricity customers want cheap, reliable electricity service for their homes or businesses. We offer energy rates as low as 12.3 cents per kilowatt-hour (kWh), about 17% lower than the average electricity rate in Texas. The free SaveOnEnergy marketplace lets you compare energy rates and plans from top Texas energy companies. Enter your ZIP code or call the number on this page to explore today’s cheap energy prices in your area.
How to find cheap energy deals
The first step to finding energy deals in Texas is understanding your average monthly energy usage. Providers charge different electric rates based on three usage tiers — 500 kWh, 1,000 kWh, or 2,000 kWh. The amount of electricity you use in a month determines which usage tier you fall into. You can estimate how much energy you normally use by checking previous electric bills.
You can calculate your approximate monthly cost using the following formula:
Monthly Usage (kWh) X Electric Rate ($/kWh) = Approximate Cost per Month
So, if your household typically uses an average of 1,300 kWh per month and your electric rate is 12.5 cents per kWh ($0.125), your monthly bill will be around $162.5.
Here’s where things get a little more complicated — providers charge different rates depending on your usage, so one plan might be a better energy deal than another. The following table offers an example:
| Usage tier | Plan A | Plan B |
|---|
| 0–1,000 kWh | $0.125/kWh | $0.18/kWh |
| 1,001+ kWh | $0.198/kWh | $0.123/kWh |
Plan A charges 12.5 cents per kWh if you fall into the 500 kWh or 1,000 kWh usage tiers, but it charges a much higher rate (19.8 cents per kWh) if you use more than 1,000 kWh in a month. On the flip side, Plan B charges 18 cents per kWh if your usage falls below 1,000 kWh per month, but it has a cheaper rate of 12.3 cents per kWh if your usage is higher than 1,000 kWh.
The following table breaks down how these different plans and usage amounts translate into electricity bills:
| Monthly usage | Plan A bill | Plan B bill |
| 950 kWh | $118.75 | $171 |
| 1,400 kWh | $277.20 | $172.20 |
Clearly, the best energy deal in these examples is Plan A, but only if you use less than 1,000 kWh per month. For households with higher usage, Plan B offers the best deal. When you enter your ZIP code on the SaveOnEnergy marketplace, you can filter for the cheapest energy deals based on your usage to ensure you’re customizing your options and comparing the lowest rates available.
Best energy deals from Texas electricity companies
While energy companies don’t typically provide discount codes or run sales on energy rates, many top Texas electricity providers offer incentives built into their energy plans. Some common energy deals and incentives include free usage periods, bill credits, and free items. A few popular options on the SaveOnEnergy marketplace include:
While bill credits and free usage periods are enticing, be sure to check the energy rate for your usage tier before signing up for a plan. Sometimes, high electricity rates hide behind energy deals and incentives.
Find the best energy deals in your area
Energy rates vary based on where you live, primarily because of changing utility fees. If you’re interested in exploring cheap electricity rates and plans in your area, enter your ZIP code on our marketplace or browse today’s rate tables on this page.
If you find a plan that works for you, SaveOnEnergy can help you sign up in a matter of minutes. You can also call the number on this page to speak with an energy expert who can answer your questions and help you sign up for a cheap energy plan.