Lewisville Electricity Rates and Plans

Compare the Top Lewisville Energy Plans

There’s more that goes into choosing a plan than just looking for the lowest rate. We balanced cost, company reputation, and environmental impact to choose the best plans in Lewisville below:

Cheapest Energy Plans in Lewisville

If you’re on a tight budget, your main priority may be finding the absolute lowest rates. Here are some of the most affordable plans in Lewisville:

Best Green Energy Plans in Lewisville

For environmentally conscious consumers, here are the top plans in Lewisville that offer 100% renewable energy:

Current Average Electricity Rates in Lewisville

According to the Energy Information Administration, the average electricity rate across the state of Texas is 14.83 cents per kilowatt-hour (kWh). However, the average rate for TNMP’s district, which includes Lewisville, is 15.2 cents/kWh. Your individual rates may vary.

Types of Energy Plans Available in Texas

Not all electricity plans work the same way, so before you decide what plan to purchase, you should know what options are out there. Here are some of the most popular types of plans:

• Fixed-rate plans: These plans offer a set rate per kWh for the entire length of your contract, meaning that if you use the same amount of energy each month, your bill will always be the same.
• Month-to-month plans (variable rate plans): These plans are flexible, meaning that you don’t have any long-term contracts and you can switch providers every month if you want. However, since you don’t have a set rate, your rate will vary each month.
• Indexed plans: These plans often tie their rates to natural gas prices on a public index. These plans aren’t as common, but if you pay close attention to the market, you could end up saving on energy costs.
• Prepaid plans: These plans allow customers to pay for electricity in advance. These types of plans are great for those with bad credit since they don’t require a credit check. 
• Green energy options: These plans source electricity from renewable sources. Many are 100% renewable and use wind and solar to generate energy.

How To Choose the Right Electricity Plan for Your Lewisville Home

Choosing a new energy plan can be an intimidating process if you’ve never done it before. To get started, use the following tips:

1. Assess Your Energy Usage

To get a better idea of how much your electricity bill will be each month, you should know how much electricity your household items use. To do this, review your past year of electricity bills to track your usage. Remember that larger homes usually use more energy, and habits like running air conditioning constantly can drive up your energy usage.

Once you know how much electricity you use throughout the week, you can use each energy supplier’s electricity rates to predict what your monthly bills will be.

2. Understand Your Priorities

Before you start shopping around, consider what’s most important to you in an energy plan. For example, if you’re tight on money and you want a plan that fits within your budget, you should prioritize the most affordable plan you can find. If you prefer stable, predictable bills, prioritize long-term fixed-rate plans. If you don’t know what you’re looking for, you may end up choosing a plan that’s not a good fit.

3. Read the Electricity Facts Label (EFL)

The EFL is a document that outlines the terms of your electricity plan. You can usually find these on your energy provider’s website. In many ways, the EFL is like the fine print for your plan, so read it through before buying. 

Look for the average prices at different usage levels (500 kWh, 1000 kWh, 2000 kWh). Be wary of plans with large price jumps between these levels, as they may indicate hidden fees or unfavorable pricing structures.

4. Consider Additional Perks

Although it’s not the most important factor in choosing an energy plan, many providers offer extra benefits. These might include sign-up bonuses, loyalty rewards, or smart home integration options. These perks can be a nice tie-breaker if you’re stuck between two similar plans.

Seasonal Energy Costs for Lewisville

Lewisville’s summer temperatures often reach close to 100 degrees Fahrenheit, while its winters rarely drop below freezing. This means that Lewisville residents may need to curb their AC usage in the summer, but their heating costs will generally be lower than in many other parts of the country.

Using air conditioning can ramp up your energy bills, so if you’re trying to save money this summer, try using programmable thermostats to reduce AC use when you’re away. Also, consider purchasing an energy plan with free nights or weekends to use more electricity at night.

If you have a variable-rate plan, watch out for price increases during peak summer months. Your energy provider may raise rates when your usage is high. To avoid these fluctuations, we recommend purchasing a fixed-rate plan.

The best time to switch energy companies or lock in a new rate is typically in the spring (March to May) or fall (October to November) when energy rates are lowest and demand is down.

For more on how to lower your monthly electricity costs, check out our guide on lowering your energy bills.

Switching Electric Companies in Lewisville

Switching electric companies is relatively simple, and in many cases, you can do it entirely online. Here’s a step-by-step guide to switching energy providers in Lewisville:

1. Enter your zip code on Home Energy Club: Go to the Home Energy Club website and input your zip code to browse the available plan options.
2. Choose your new provider: Compare rates and read the EFL for each plan to find the best fit for your needs.
3. Enroll online: Once you choose a plan, your new provider will handle the switching process. All you need to do is input your current address and billing information.

After you enroll, the switch is out of your hands. You don’t even have to notify your current energy provider—your new provider will do it for you. You can expect your new service to begin within one week. 

How Often Can I Switch Providers?

You can switch providers as often as you like in Lewisville as long as you’re not in the middle of a contract with cancellation fees. Providers should allow you to switch at the end of your contract term without any penalties. 

If you are in the middle of a contract, you’ll have to pay anywhere from $50 to $300 to get out early. Some companies will charge $10 to $20 or more for every month that’s left on your contract, while others will charge a flat rate. However, some providers offer to pay your termination fee if you switch to them.

For more on how to switch energy providers, read our step-by-step guide.

EcoWatch Methodology on Energy Providers in Texas:

We at the EcoWatch Reviews team interview customers, run focus groups, and speak with deregulated energy experts and company representatives. To gather first-hand data, we also surveyed more than 1,000 Texans who have purchased deregulated energy plans. The result of over 100 hours of study shapes our methodology for reviewing electricity companies based on the following categories:

• Sustainability score (25%): We assess a sustainability score for dozens of providers based on the variety of renewable energy or green energy options the companies offer. Providers who offer only 100% renewable energy plans will score the highest, while those that offer no 100% renewable energy plans will score the lowest. Companies can earn additional points for solar buyback plans and electric vehicle (EV) charging plans.
• Cost and fees (25%): We base our cost ratings on a provider’s effective rate across all usage levels. This helps you identify the lowest effective rate — not just the cheapest advertised cost. Providers with lower rates score well; those who charge more earn fewer points. 
• Plan features and options (25%): More options means more chances for you to find the right plan for your needs. Providers that deliver a range of plan types, from bill credit plans to savings plans and time-of-use plans, earn more points in our review. Providers with fewer options will score lower.
• Customer satisfaction (25%): We rate a provider’s customer satisfaction based on firsthand experience from customer surveys, as well as third-party review websites, such as the Better Business Bureau (BBB) and the Public Utility Commission of Texas (PUCT). Our team also goes through the online buying experience to assess the overall quality of the customer experience.

To learn more about how we rate and review retail energy providers, read our full deregulated energy methodology here.