Compare Laredo Electricity Rates

Updated June 25, 2024

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Compare Laredo Electricity Rates

Company Term Rate
4Change Energy 12/months 11.3¢/kWh
Express Energy 12/months 11.3¢/kWh
Frontier Utilities 12/months 11.3¢/kWh
Gexa Energy 12/months 11.3¢/kWh
Discount Power 24/months 11.6¢/kWh
Cirro Energy 24/months 11.6¢/kWh
Chariot Energy 36/months 12.6¢/kWh
Just Energy 24/months 13.7¢/kWh
Amigo Energy 24/months 13.8¢/kWh
Tara Energy 24/months 13.8¢/kWh
Rates as of Jul 14, 2024 at 07:43 PM

Rates include all Transmission, Distribution Fees and Taxes

How to Switch Your Laredo Electricity Companies

  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 Laredo

There are several types of Laredo 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 Laredo?

AEP Central

Major Areas Served: Corpus Christi, Victoria, McAllen, Del Rio.

Report an AEP Central Outage:

Moving to Laredo?

Whether you're moving to Houston, Dallas, Fort Worth, Corpus Christi or Midland, Lubbock, you're gonna need your electricity turned on. Luckily it only takes a few minutes to get everything connected. And the best part is you can compare and shop for the best rate in Laredo and get your service turned on in about 4-6 hours.

Because Texas has a deregulated electricity market. You have the power to choose. Laredo Electricity Companies compete for your business. Your local utility company maintains the poles and wires and reconnects the power if there's a storm or blackout. All you have to do is pick a plan and a start date and we'll handle the rest.

Getting your power turned on in Laredo 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 Laredo Business Electricity Rates

Texas businesses have the power to choose, which allows Laredo 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 Laredo

  • 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.

Green Energy Plans in Laredo

If you're looking for a way to support green energy and have an impact on the environment. You might consider a green energy plan. Green energy rates in Laredoare directly competitive 1with plans that are fueled by fossil fuels. Green energy is electricity that is generated by wind turbines, solar panels, hydroelectric plants and other sources that don't produce carbon dioxide. When you use a green energy plan, your supplier purchases RECs (Renewable Energy Credits) that are paid directly to green energy generators. Texas produces more green energy than any other state. Power Choice Texas helps you find the best green energy plan and company that suits your needs.

Laredo energy FAQs

Who is the cheapest electricity provider in Laredo?

At the time of writing, the cheapest electricity companies in Laredo 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 Laredo?

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 Laredo, TX?

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

Data based EIA and Power Choice Texas marketplace data.

Who is the Best Electricity company in Laredo?

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 Laredo?

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

Are Laredo electricity rates going up?

This summer's intense heat in Laredo 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 Laredo

Laredo customers have the power to choose at the Power Choice Texas marketplace, instead of your local utility company. Compare, shop, and switch to the best electricity rate in minutes. Take advantage of Texas deregulated electricity market and sign up for cheap electricity rates.

How Texas Electricity Deregulation Impacts You

Texans' power to choose their electricity provider allows multiple Retail Electricity Providers (REPS) to compete for customers ' business in Laredo, 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.