Choosing the right electric company is essential for you as this decision can impact your budget and lifestyle. There are many electricity companies in Austin but the list below will help you choose the best electric company in Austin, a company that’ll fit all your needs. Additionally, it will also discuss the electric companies in Austin with no deposit.
19 Best Electric Company in Austin for Your Energy Needs
When you have multiple options, the process of narrowing down the best one becomes harder. To simplify the process of choosing the best electric company in Austin for you, we have curated this list of the top 5 below.
1. Austin Energy
Austin Energy is among the best electric company in Austin. It offers reliable all-year-round energy and has great customer service. They offer electricity and electric utility services. They also provide affordable and clean energy. This community-owned utility makes sure that it’s able to meet the daily energy needs of the area. The best part about this company is that they value the safety of their workers and the community. To protect their workers from the dangers of electricity, they make sure that these workers are fully equipped.
Additionally, this company also provides safety education to various schools. They also have an Outage Map where residents can view electrical hazards daily. This includes trees of power lines, downed power lines, and blown fuses.
Also Read: 12 Best Energy Companies in Texas
2. Pedernales Electric Cooperative
For over 80 years, the Pedernales Electric Cooperative has been offering excellent electricity services. They power the Texas Hill Country while also empowering its residents. They are quite informative and have superior customer service. They try to maintain transparency on their side. Additionally, they have more than 300,000 active accounts making it one of the largest electric cooperatives in the country. They indulge in electricity and electric cooperative services. They have various feedback channels and give immense value to feedback.
3. Tara Energy
Tara Energy is among the best electricity provider operating in Texas, including the Austin area. It offers a range of electricity plans to its residential and commercial customers. It offers its customers various plan options, including variable-rate plans and fixed-rate plans. The variable-rate plans fluctuate on the basis of market conditions and may offer more flexibility but less price certainty. After going through the best electric company in Austin, let’s learn about the electric rate in Austin and also see who has the cheapest electricity rates in Austin.
4. Bulb
Bulb offers 100 percent renewable electricity to its members from wind, hydro, and solar. They have 100% carbon-neutral energy sources. Moreover, their services help to counteract the toxic emissions produced by most energy sources. The company provides great support to carbon reduction projects across the area.
This company works with all-size generators and it optimizes the energy all of the energy gathered from different sources. Additionally, they have a great staff and skilled as well as knowledgeable techs. These staff members teach the clients effectively.
Also See: 15 Best Electric Company In Georgetown TX
5. Texas Solar Power Company
Texas Solar Power Company is among the leading solar PV installation companies in the market. It has over 20 years of experience and also provides solar energy and electricity services. This company has supplied more than 20 megawatts of solar energy across the area.
This company is among the best electric company in Austin because of its certified solar installers and electricians that deliver quality service. Additionally, the company also partners with engineers and contractors to create customized solar panels. They are constantly on the go to make products that satisfy their customer’s needs.
6. Just Energy
For more than 20 years, Just Energy has been delivering reliable and low-cost energy to its Canadian and US customers. They are a one-stop shop for all your energy requirements, including energy efficiency solutions, natural gas, and green energy product options.
This company doesn’t just offer incredible energy plans but it also makes it quite simple to sign up for their flexible energy plans. You can easily switch between its energy plans whenever you want. It offers top-of-the-line customer service. The company puts extreme focus on stability, value, and innovation. It is constantly innovating its solutions and has fairly competitive prices.
7. 4Change Energy
4Change Energy is a residential electricity company based in Texas. It aims to make electricity affordable. The company is known for its low rates and big savings. It offers great customer service and also gives 4% of its annual profits to support Texas charities.
8. Cirro Energy
Cirro Energy is a subsidiary of NRG Energy and a sister company of Reliant Energy. It is among the best electric company in Austin because of its straightforward electricity rates in Texas. It sources its electricity from the wholesale market and then delivers it to its customers. It offers a variable-rate plan, where based on the market conditions the rate can change. It also offers fixed-rate plans, where the electricity rate remains constant for the duration of the contract.
9. Constellation Energy
Constellation Energy is based in Baltimore, USA. It operates in Illinois, Pennsylvania, Texas, and several other states. It offers various commercial and residential electricity plans, including green energy options, fixed-rate, and variable-rate. It was previously owned by Exelon but in 2022, it formed its entity (Constellation Energy Corporation).
The best part about Constellation Energy is that it sells natural gas and electricity for businesses and residents. It offers 100% renewable energy plans for environmental plans for customers. It delivers energy services to consumers in 17 states and Washington D.C.
Also Read: Is Constellation Energy Legit?
10. Direct Energy
Direct Energy is among the best electric company in Austin. It is also one of the largest natural gas and REP in North America. It was established nearly two decades ago and is owned by NRG Energy. It currently serves more than 4 million businesses and homes. It provides natural gas in 9 states and electricity in 13. The company is known for its affordable fixed-rate and variable-rate energy plans. Many of these plans have perks such as green energy or free nights and weekends.
11. Discount Power
Discount Power is a Texas-based energy provider that was established in 2008. It is a part of the NRG Energy family and until 2019, it was known as Pennywise Power. This company sells fixed-rate and variable-rate energy in deregulated communities spread across the Lone Star State. It puts quite an emphasis on affordable rates.
12. Frontier Utilities
Frontier Utilities is a retail electricity provider offering services in various deregulated markets like Austin, Texas. This retail provider supplies electricity to commercial and residential customers in the Austin area. It provides its customers with different electricity pricing and plan options, allowing them to choose the one that best suits their requirements.
These plans may include variable-rate plans, fixed-rate plans, or renewable energy options. The company aims to offer reliable customer service and competitive rates.
13. Gexa Energy
Gexa Energy is a retail electricity provider operating in several deregulated energy markets, like Texas. The company offers commercial and residential customers a variety of electricity plans and services.
Gexa Energy has different plan options including variable rate plans and fixed rate plans. The variable rate plans can fluctuate based on market conditions and may offer less price certainty but more flexibility. On the other hand, fixed-rate plans provide a consistent electricity rate throughout the contract term, providing price predictability and stability.
Apart from traditional electricity plans, Gexa Energy also provides renewable energy plans that allow its customers to support clean energy sources such as solar and wind power.
Also See: Exploring Gexa Energy: A Complete Analysis of Its Rates and Plans
14. Green Mountain Energy
Green Mountain is one of the best electric company in Austin. It offers renewable energy options in various deregulated energy markets. The company specializes in providing electricity generated from sustainable and clean sources such as solar, wind, and hydropower.
This company aims to provide its customers with environmentally friendly electricity options while reducing carbon emissions and promoting sustainability. Green Mountain Energy offers commercial and residential customers a variety of renewable energy plans. It allows the customers to choose the level of renewable energy they want.
In Austin, this company is popular among customers who place importance on clean energy. By selecting this company’s energy plans, the customers can contribute to the development of renewable energy projects.
15. Payless Power
Payless Power is a retail electricity provider that operates in Texas. They provide prepaid electricity plans, allowing customers to pay for their electricity usage in advance. The primary aim of this company is to provide affordable electricity options as well as flexibility to customers. It is particularly best for customers who may have difficulty qualifying for traditional electricity plans or Customers who prioritize the pay-as-you-go approach.
Typically, with Payless Power’s prepaid plans, the customers purchase electricity in advance by adding funds to their accounts. The usage is deducted from their account balance as they consume electricity. Payless Power also provides its customers with tools to manage their accounts online and monitor their electricity usage.
16. Pulse Power
Pulse Power is yet another retail electricity provider that operates in Texas. The company offers electricity plans for commercial and residential customers, focusing on providing reliable service and competitive rates.
It aims to provide customers with a transparent and straightforward experience when it comes to their electricity supply. They offer a variety of plan options, like variable-rate plans and fixed-rate plans. Variable-rate plans can fluctuate on the basis of market conditions and may offer greater flexibility. However, Fixed-rate plans ensure customers a steady electricity rate throughout the contract term, providing them with stability and predictability.
Additionally, apart from their standard plans, customers who wish to support clean energy sources can also find renewable energy options with Pulse Power. Typically, these plans include electricity generated from renewable sources such as solar and wind power.
Also Read: 9 Best Solar Companies in Nova Scotia
17. Reliant Energy
Reliant Energy is one of the best retail electricity providers that serve various deregulated energy markets in Texas. The company offers commercial and residential customers a variety of electricity services and plans.
Reliant Energy provides its customers with different plan options, like renewable energy plans, fixed-rate plans, and variable-rate plans. In addition to being a retail electricity provider, Reliant Energy extends its services to include energy management tools, smart home technology, and customer rewards programs, aiming to enhance the overall customer experience.
18. TXU Energy
TXU Energy, a retail electricity provider operating in Texas, caters to customers across the state. The company’s primary focus lies in delivering dependable service and forward-thinking energy solutions. Additionally, it provides a diverse selection of electricity plans designed for both residential and commercial usage.
This company provides a range of plans including variable-rate plans, fixed-rate plans, and renewable energy plans. TXU Energy further offers renewable energy plans that allow customers to support clean energy sources such as solar and wind power.
Apart from their electricity plans, TXU Energy also provides a range of energy management services and tools to help customers optimize and monitor their energy usage. They also provide additional products such as home warranty plans and customer rewards programs.
19. Prepaid Electricity Lights
Prepaid Electricity Lights allow their customers to pay in advance without set costs and daily fees. Their customers are only obliged to pay for the electricity they use. This is great because you won’t have to pay for nonessential services. The company provides reliable electricity and offers flexible plans to choose from. Their technicians also try to connect to the clients as soon as possible. They make sure to follow the best safety protocols. The best part about this company is that on their online website, you can view your electricity use. This is yet another best electric company in Austin.
Also See: Understanding the Factors Behind TXU Energy Power Outage
What is the Electric Rate in Austin? Who Has the Cheapest Electricity Rates in Austin?
As of May 2023, the average residential electricity rate in Austin, Texas is around 14.63 ¢/kWh, which is about 8.34% less than the U.S. average. On the other hand, The average Austin, Texas business electricity rate is about 9.41 ¢/kWh, which is 30.28% lesser U.S. compared to the US average. The table below displays the cheapest electricity rates in Austin.
| Plan Name | Plan Length | Rate |
|---|---|---|
| Express Energy – Flash 24 | 24 months | $0.088 / kWh |
| Frontier Utilities – Frontier Saver Plus 24 | 24 months | $0.088 / kWh |
| 4Change Energy – Maxx Saver Select 12 | 12 months | $0.088 / kWh |
| Gexa Energy – Gexa Eco Saver Plus 24 | 24 months | $0.088 / kWh |
| Flagship Power – Galleon1000 15 | 15 months | $0.091 / kWh |
| Chariot Energy – GridEdge 36 | 36 months | $0.110 / kWh |
| TXU Energy – Smart Edge 12 | 12 months | $0.116 / kWh |
| Discount Power – Wise Buy 24 | 24 months | $0.118 / kWh |
| Green Mountain – Pollution Free e-Plus 24 | 24 months | $0.120 / kWh |
| TriEagle Energy – Real Deal 24 | 24 months | $0.119 / kWh |
| Cirro – Cirro Smart Lock Saver 24 | 24 months | $0.126 / kWh |
| Reliant – Conservation Plan 12 | 12 months | $0.125 / kWh |
| Rhythm Energy – Clear Choice 24 | 24 months | $0.135 / kWh |
| Constellation – 36-Month Usage Bill Credit | 36 months | $0.129 / kWh |
| Payless Power – Premier 12 – Prepaid Plan | 12 months | $0.166 / kWh |
Note: All these rates are accurate as of 5/20/2023 for ZIP Code 78664. These rates may have changed since this date or time. It is advisable to check for current prices before making any purchase decision.
No Deposit Electricity Plan
After learning What is the electric rate in Austin and who has the cheapest Electricity Rates in Austin, let’s also unravel the concept of no-deposit electricity plans.
Earlier, having little, bad, or no credit meant that in order to get your electricity turned on, you had to pay a large deposit. There were no other alternatives. You had to invest a significant amount of money upfront, and you wouldn’t receive any of it back unless you moved or switched your electricity provider. But thankfully, things have changed for the better now. Now there are many no-deposit options available in the electricity market.
In Texas, most electric companies require you to pay a deposit if you haven’t established a credit record yet or if your credit score doesn’t meet their certain thresholds. If your credit is not favorable, you will probably need to provide a deposit unless you decide on a prepaid electricity plan.
The good news here is that in case you do have good credit, you can easily acquire a no-deposit electricity plan. It is a type of plan where you don’t have to put any money down in order to sign up for and activate an electricity plan.
Also Read: Is Momentum Energy Cheap? A Closer Look at Pricing and Plans
4 Electric Companies in Austin With No Deposit
Now that you are aware of no-deposit energy plans, let’s also go through some electric companies in Austin with no deposit.
1. Payless Power
Payless Power offers its customers no-deposit, no credit check electricity plans. It provides service to more than 400 deregulated communities in Texas. To provide prepaid electricity, this company works with principal utilities throughout the state.
The SmartTricity plans from Payless Power are popular options for prepaid plans. They offer:
- Easy Choice- Prepaid Plan
- Month-to-month plan
- $39 minimum connection balance
- Premier 12- Prepaid Plan
- 12-month fixed-rate plan
- $69 minimum connection balance
Customers can choose between monthly, bi-monthly, or weekly payment options and save nearly 20% on their electricity costs by paying ahead.
This company also offers-
- Same-day setup
- Free usage alerts
- Universal approval
- No credit check
- Zero-deposit electricity plans
2. Reliant Energy
Reliant Energy is a subsidiary of NRG Energy and is headquartered in Houston, Texas. This is one of the electric companies in Austin with no deposit. Without putting a deposit down, you can easily sign up for Reliant’s Pay as You Go plan. It allows you to enjoy electricity without the burdens of a binding contract, usage stipulations, or the necessity of a credit check. For this energy company, you don’t even require an ID to sign up.
Also Read: 16 Best Electrical Company in Ghana
3. Amigo Energy
Amigo Energy was founded in 2003 and is one the best energy company in Austin, Texas. Spanning across North America, this company, a subsidiary of Just Energy Group Inc., serves a customer count of about 1.8 million.
Upon qualification, the following plans without a deposit requirement are made available to you:
- Nights Free
- Truly Fixed
- Green Energy
4. Acacia Energy
With Acacia, you don’t need to pay a deposit for electricity. It provides no-deposit electricity plans in many Texas cities, including Austin, Dallas, and Houston. It also includes the CenterPoint, OnCor, AEP Central, AEP North, TNMP, and Sharyland McAllen areas.
Acacia Energy offers its customers flexible payment options such as prepaid and smart meters, as well as low electricity rates.
The prepaid or no-deposit electricity plans from this company offer these benefits-
- No credit check needed
- No-deposit electricity
- No long-term contracts
- Quick Signup
- No ID is required for sign up
- Free weekends or free nights plans
This company keeps track of your electricity usage and will send you an email or text message when it is time to purchase more prepaid electricity. This company offers the following no-deposit plans-
- Valtricity Plan
- Free Weekends
- Free night
- 2 months free
Choosing the best electric company in Austin is quite subjective and depends on your needs and preferences. However, while evaluating these companies you should consider factors like reliable service, competitive rates, energy options, customer service, and offers. To find your best fit, you should research multiple providers.
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