Midland Electricity Rates and Plans

Compare the Top Midland Energy Plans

It’s tempting to choose the plan with the lowest rate, but there’s more to each plan than just money. We considered factors like contract length, green energy options, and bill predictability to compile a list of best electricity plans in Midland, TX below:

Cheapest Energy Plans in Midland

If affordability is your top priority, here are the top five plans offering the lowest rates in Midland:

Best Green Energy Plans in Midland

For environmentally conscious consumers, Midland offers several 100% renewable energy plans. Here are some of the best options on the market:

Current Average Electricity Rates in Midland

According to the Energy Information Administration, the average electricity rate for the entire state of Texas is 14.83 cents per kilowatt-hour (kWh). The average electricity rate in Midland, Texas is currently 15.2 cents/kWh, and the average rate for Oncor’s district is 13 cents/kWh. Your individual rates may vary.

Types of Energy Plans Available in Texas

Not only are there different energy providers in Midland but there are also different types of energy plans. Not all plans are created equal, so it’s important to know the differences before you start shopping. Here are a few of the most popular types:

• Fixed-rate plans: These plans lock in a rate for your entire contract, which is typically 12 to 36 months. They can’t raise your rates until you cancel your contract or renew.
• Month-to-month plans (variable rate plans): These plans don’t have any long-term commitments or contracts, but the rates are very unpredictable.
• Indexed plans: These plans tie their rates to natural gas prices on a public index. Their prices fluctuate a lot, but you can also get great deals when the rates are cheap.
• Prepaid plans: These plans allow consumers to pay for electricity in advance without needing a deposit, making it a good option for those with bad credit.
• Green energy options: As the name suggests, these plans source electricity from renewable sources like wind and solar.

How To Choose the Right Electricity Plan for Your Midland Home

If all the plan options have you second-guessing your choices, you may need to take a break and go back to basics. When shopping for an energy plan, do the following:

1. Assess Your Energy Usage

Knowing how much electricity your household items use is a valuable resource when you’re shopping for a new plan. Start by calculating your average monthly and seasonal electricity usage. Then, find out when your peak usage times are and what your most energy-demanding appliances are. 

Once you know that, you can consider any changes you want to make in the future (new energy-efficient appliances, cutting down on usage, etc.) to help you narrow down what plan would be the best fit.

2. Understand Your Priorities

Before you even start looking for a plan, you should think about what your priorities are. For example, if you want a consistent price every month, aim for fixed-rate plans. If you want sustainable energy, choose a 100% renewable energy plan. Your priorities will drastically change what plan is best for you, so don’t skip this step.

3. Check the Electricity Facts Label (EFL)

EFLs contain all the information about your plan that providers may not advertise. You can usually find these documents on your energy provider’s website. Read the EFL before signing any contracts, and when you do, watch out for red flags. These could include low rates that only apply to specific usage levels, high cancellation fees, and confusing pricing structures.

4. Consider Additional Perks

While additional perks aren’t the most important deciding factor, they can be a nice incentive. Many providers offer extra benefits to attract new customers, like sign-up bonuses, loyalty rewards, and more.

Seasonal Changes in Energy Usage

The weather in Midland can actually influence what type of energy plan is best for your home. Midland’s summers are hot and dry, which can lead to a lot of air conditioning use. Winters are mild, but occasional cold fronts can spike sudden heating needs.

Because these weather changes can increase energy usage, fixed-rate plans offer Midland residents the best protection against seasonal price fluctuations. However, if you opt for a variable rate plan, be prepared for potential increases, especially during peak summer months.

Switching Electric Companies in Midland, TX

Switching electric companies in Midland is simple and relatively easy. Better yet, you can do it entirely online. All you need is a laptop, tablet, or smartphone. Here’s how to get started:

1. Enter your zip code on Home Energy Club.
2. Browse plans and choose the one that fits you best.
3. Input your information and enroll online.

After that, your job is done. Your new provider will handle all the details. The process usually takes one to seven business days to complete, and you don’t even need to call your current provider to cancel your service. 

If you experience any problems during the switch, contact your new provider first. They should be able to resolve most issues. If problems persist, you can file a complaint with the Public Utility Commission of Texas (PUCT).

How Often Can I Switch Providers?

There aren’t any laws about how often you can switch providers, which means that technically you can do it as often as you want. However, if you have a fixed-rate contract, you’ll probably have to pay a termination fee to get out of it early. Some companies charge $20 for every month that’s left on your contract, with total cancellation fees reaching $100 to $200 on average. 

Alternatively, if you have a month-to-month contract, you should be free to switch at any time. The downside is that your rates will be more inconsistent, but the benefit is that you can leave whenever you want.

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

Just Moved to Midland? Expert Tips for Midland Energy Shoppers

If you’re new to Midland, Texas, choosing an energy plan may seem a bit foreign to you. If so, here are a few tips to keep in mind:

1. Know your usage: Calculate your average electricity consumption so that you can predict what your monthly bill will be ahead of time.
2. Compare plans before buying: Browse the plans on Home Energy Club and research several of them before you sign any contracts.
3. Read the Electricity Facts Label (EFL): Always read your plan’s EFL before you sign a contract so you can be aware of any red flags.

Look beyond price: Affordable rates are good, but try to consider a company’s reputation, your contract length, and how reliable the service is when you’re choosing a plan. If you just pick the cheapest plan without doing your due diligence, these other factors may be lacking.

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.