Compare The Colony Electricity Rates

Compare The Colony Electricity Rates

Rates include all Transmission, Distribution Fees and Taxes

How to switch electricity companies in The Colony

1. Enter Your Zip Code - and compare the plans and prices that fit your needs
2. You can schedule a forward switch up to 90 days in advance (depending on the provider). So lock in that great rate now. You can switch 14 days before the contract expiration date without incurring an early termination charge.
3. Review Your Plan - Check the EFL (electricity facts label) and make sure the plan meets your requirements
4. Complete your sign up and switch and start saving. Your switch will take place at the next meter read cycle or within 3 days.
5. Check if you have an ETF (Early Termination Fee) if you are in a contract. So check your electricity company contract start and end dates.

Types of electric plans in The Colony

There are several types of The Colony electricity plans. A few of the most common plan types you may encounter are:

• Fixed-rate plans: you pay a fixed rate for every kWh of power you use, meaning you pay the same price for the entirety of your electricity contract. Most contracts range from one to three years. However, if you cancel your plan before your contract ends, you may have to pay an early termination fee (ETF). The advantage of fixed-rate plans is stability and protection from spikes in the energy market.
• Variable-rate plans: Variable-rate plans are great for those seeking flexibility and who want to avoid a long term contract. Variable rates are based on wholesale electric prices. This can lead to extreme variability in prices - and one of the main reasons WE DO NOT RECOMMEND variable rate plans.
• No-deposit electricity plans: Every light company requires a credit check and - if your credit score is not adequate - a deposit before servicing a home or business. For those who cannot afford a deposit or have bad credit - No deposit electricity plans offer a quick, easy way to get your electricity turned on. They generally require a $25 to $75 deposit to get started and then
• Time-of-use plans: Time-of-use (TOU) plans have a fluctuating rate that depends on the times they use electricity. These plans are great for overnight EV charging, or customers who are meticulous about moving their heavy energy usage (washing and drying clothes, running pool pumps, etc) to evenings and overnight off-peak hours (11PM-5AM). But, Time of Use plans have risk. If your usage patterns change - you could have a large bill if you use energy during the hot part of the day, between 12PM-8PM, your rate may increase if you use the majority of your energy during the day and on weekdays.
• Renewable energy plans: Texas' leadership in renewable energy generation means that 20% + of the fuel mix in every Texas electricity plan is made up of green energy depending on the provider and plan. Some Texas electricity companies exclusively offer plans powered completely by green energy, such as Green Mountain Energy, Energy Texas, and Gexa Energy.
• Solar Buy Back Plans: Solar buyback plans give homeowners a way to make money on the excess power being generated from their solar panels. In other words, you can be compensated with bill credits for the excess solar power generated from your solar system. A number of Texas electricity companies support these plans, including: Chariot Energy, Rhythm Energy and Energy Texas

How to Can I Report a Power Outage in The Colony?

Oncor

Major Areas Served Dallas, Fort Worth, North Texas, Tyler, Waco, Midland, Odessa and Wichita Falls

Report An Oncor Outage:

• Call: 888-313-4747
• Text: OUT to 66267
• Oncor Outage Map
• Get Oncor Outage Alerts Sent to Your Phone:
• Oncor iPhone App:
• Oncor Android App:

Moving to The Colony?

Like many Texas cities, The Colony is a deregulated electricity market. If youre moving to The Colony you can use Power Choice Texas to compare and order an affordable rate. Simply search your ZIP code to get started.

Unlike other states, electricity companies compete for your business in Texas. You have the power to choose the best electricity plan. Power is delivered by your local utility company: Oncor Energy, in Dallas-Fort Worth and north Texas Centerpoint Energy in Houston, AEP North in West Texas, AEP Central in Corpus Christi and South Texas or TNMP. They read your meter, maintain the poles and get your power back on in a storm or blackout.

Getting your power turned on in The Colony is easy. If your home has a smart meter, providers can get your lights turned on in 4-6 hours with "Same Day Turn-on". Just enter your zip code to get started.

Compare The Colony Business Electricity Rates

Texas businesses have the power to choose, which allows The Colony businesses of any size to compare commercial electricity rates and get the best business electricity rate. Shopping for your electricity is the easiest way to reduce costs for your business.

We've made it simple. Visit our commercial electricity marketplace, enter your zip, and sign up online. We feature every major Commercial Electricity provider in Texas.

Business electricity prices are based on volume, and the more you use the more leverage you have to negotiate a deal - generally over 10,000 kWh of usage per month.

How do I set up Business Electricity Service in The Colony

• The company legal entity name will be required or your name if you are a sole proprietor
• The company FEIN (Federal Employee Tax ID) will be required
• The energy retailer will run a credit report on you or your business which will require one of the following:
• DUNS number (if available) Get a DUNS number - It's free and it allows your business to build credit
• Federal Employee ID Number (FEIN)
• Owners social security number
• If No ID is available or if credit is not adequate, the retailer will charge a deposit
• You may be required to agree to an E-LOA (Electronic Letter of Authorization) allowing the retailer to pull the historical usage for the address you are moving into
• This allows the retailer to view your business' historical usage.
• If you are a new business in a new space. Estimated usage based on your business type will be used.

The Colony Green Energy Plans

Most Texas retail electric providers (REPs) offer some type of green energy plans that source some or all of their electricity from renewable sources. When you choose a renewable energy plan, you support renewable energy growth and contribute to a cleaner environment. Power Choice Texas features green energy plans from:

• Green Mountain Energy
• Gexa Energy
• Chariott Energy

The Colony energy FAQs

Who is the cheapest electricity provider in The Colony?

At the time of writing, the cheapest electricity companies in The Colony are from Frontier Utilities, Gexa Energy, and 4Change Energy Rates change often so it's always a good idea to lock in a rate when you find one that makes sennse for your needs.

Who provides electricity to The Colony?

Your local utility company: Oncor, Cenetrpoint Energy, AEP North, AEP Central and TNMP, distribute power to your home and maintains the poles, wires and infrastructure to power your home. You local utility company reads your meter and restores power when the lights go out due to storms and power disruptions.

How much does electricity cost in The Colony, TX?

• The Colony's average electricity rate is: 14.82¢ per kWh
• The average bill for a The Colony customer is: $125
• The average household electricity usage in The Colony is: 845 kWh

Data based EIA and Power Choice Texas marketplace data.

Who is the Best Electricity company in The Colony?

There are a number of factors that impact how good a electricity company we use data from Texas Electricity Ratings, which rates and ranks Texas electricity companies on dozens of factors include price, rate stability, Better Business Bureau data, PUC complaints, customer service, trustworthiness, the company's years in business, thousands of customer reviews, and more.

How do I set up electricity in The Colony?

If you're moving to The Colony, signup for electricity in The Colony is quick and easy. Enter your ZIP code, compare electric rates in The Colony, and choose the electricity plan that best fits your household needs.

Are The Colony electricity rates going up?

This summer's intense heat in The Colony and through the state caused rates to increase due to high energy demand. We've seen prices come off their Summer highs of 14 to 16 cents per kWH and retun to a new level of 10 to 14 cents per kWh. We do not see long term rates returning to prior levels.

Power to choose The Colony

Texas' deregulated electricity market means The Colony customers have the power to choose your electricity provider. You can compare and shop for the best The Colony electricity rate and the best electricity company, instead of the local utility company.

Understanding Texas Electricity Deregulation

Texans' power to choose their electricity provider allows multiple Retail Electricity Providers (REPS) to compete for customers ' business in The Colony, rather than forcing customers into buying power from their local utility company. Local utility companies still operate the infrastructure and provide the same service you've trusted and expect. The only difference is that electricity companies are competing for your business.