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Compare electricity rates by state

For business

Shop for deregulated electricity plans

Compare electricity rates in your area with the free Choose Energy marketplace. Energy deregulation gives you the power to choose where you buy your home or business’s electricity plan. This means more competition between suppliers and cheaper energy rates for you.

What you’ll find on this page

Compare deregulated energy states

Across the country, several states enjoy deregulated energy markets. Energy providers in deregulated areas compete for your business, which leads to cheaper energy rates and electricity promotions.

Consider what deregulation has meant in Texas. According to the U.S. Energy Information Administration:

  • Texas residential electricity rates are 10 percent lower than the national average.
  • Texas commercial electricity rates are nearly 23 percent lower than the national average
  • Texas industrial electricity rates are nearly 16 percent lower than the national average.

These are the results for just one state – but energy consumers across the country can profit from electric choice! Currently, eleven states and the District of Columbia can shop for energy plans in deregulated markets.

If you’re shopping for a new electricity plan or a lower rate, Choose Energy is here to help. With our free marketplace, you can shop and compare energy plans in your area. Find your state on this page or enter your ZIP code above to get started.

Find electricity rates in your area

Electricity rates vary based on several factors, including location, seasonality, and weather. Energy prices are usually more expensive in the summer and winter when temperatures are extreme and demand is high. You may be able to lock in a lower rate by shopping at an off-peak time.

The average price for electricity in the U.S. is 13.04 cents per kilowatt hour (¢/kWh). Last year, Louisiana had average rates as low as 9.47 ¢/kWh while Hawaii averaged 30.99 ¢/kWh.

Depending on where you live, you may be able to secure a lower rate with the Choose Energy marketplace. Compare and shop from top providers across the country in minutes. To begin, enter your ZIP code and we will show you available electricity rates in your area.

Shopping for an electricity plan with Choose Energy

The Choose Energy marketplace allows you to compare low rates and top providers in your area so you can find an energy plant to fit your needs – all at no additional cost. Filter by what’s important to you and sign up in minutes. The shopping process can be boiled down to three easy steps.

  1. Enter your ZIP code above. We’ll show you today’s cheap electricity rates in your neighborhood. We get paid by our partners so you can shop for free.
  2. Choose a plan. Once you’ve found the right fit, sign up online or over the phone. Need some guidance? Give one of our energy experts a call and they’ll be happy to help.
  3. Enjoy your new energy rate. Your utility company will handle the switch for you. You shouldn’t experience any power interruptions.

Understand electricity plans and options

We know deregulated energy can be confusing. It can be overwhelming to sort through all of the different plan types, term lengths, and options. Let’s break it down.

Electricity plan types

The most common types of plans you’ll encounter while shopping on our marketplace are fixed rate and variable rate plans.

  • With a fixed rate plan, you will be charged the same electricity rate for the duration of your contract. These plans are great for shoppers who want stability.
  • With a variable rate plan, the rate you are charged will change based on fluctuations in the energy market. These plans are more susceptible to seasonal changes but can be cheaper during off-peak periods.

Term lengths

Electricity plan term lengths depend on the type of plan and provider you choose. Common types include month-to-month, three- to six-month, 12-month, and 24-month.

  • Month-to-month terms are usually only available for variable rate plans, but give you the flexibility to switch to a new plan whenever you want.
  • Three- to six-month terms are good for frequent switchers or a shopper searching for a short-term option.
  • 12-month terms are great for renters with year-long leases. You don’t have to shop frequently, but still have flexibility for when you need it most.
  • 24- to 36-month terms are only available at fixed rates but provide stability for homeowners who want to “set and forget” their electricity service.

Some plans also come with bill credits, renewable energy credits, or 100 percent green energy options. For more in-depth information, visit our energy resources page. If you’re ready to begin shopping for an energy plan, enter your ZIP code above.

No deposit and prepaid electricity plans

For customers with bad credit or shoppers who want to avoid paying a deposit, the Choose Energy marketplace includes no deposit and pay-as-you-go electricity plans. Many of these plans include same-day connection, so you can get the lights turned on in no time.

To shop prepaid and no deposit plans, enter your ZIP code above or see our no deposit page.

Electricity providers and utility companies

In deregulated markets, providers (also called suppliers or ESCOs) sell electricity to customers. Utility companies deliver energy to your home or business and maintain the power lines.

Choose Energy works with top providers across the country so you can shop for a variety of electricity plans in one place. We only allow trusted providers on our marketplace, so you can get reliable and affordable service no matter which provider you choose. To learn more about the providers you will find on our marketplace, see our energy providers page.

Frequently asked questions about energy shopping

Can I move my electric service?

Yes! Most energy companies allow customers who are moving to bring their service with them. In many states, you can shop for a new energy plan prior to your move or transfer your current plan to your new home. The details of moving your electric service depends on where you live, so find your state page to learn the specifics.

How do I switch my energy provider?

Switching energy providers is easier than it may seem. First, you’ll need to find out if your contract has an early termination fee. You can find this information on your plan’s electricity facts label (EFL). Once you’ve figured that out, enter your ZIP code above. We’ll show you plans in your area and allow you to filter and compare between your options.

Will I need to pay a deposit?

Possibly. Every energy provider on our marketplace chooses a different credit threshold, below which they will require a deposit. When you shop with us, we’ll let you know if you have to pay a deposit for the provider you choose. If so, we’ll find you some no deposit options that you can compare to your original choice. Visit our deposits guide to learn more.

Does Choose Energy run a credit check?

The providers we work with require a credit check before they will offer service. Credit checks are a normal part of the electricity shopping process and allow providers to determine whether you will need to pay a deposit. Choose Energy runs a soft credit check – the kind that doesn’t affect your score – and we only run it once. We’ll check your score for all of the providers on our marketplace so you can find the best rate. See our deposits guide above for more information about the credit check process.

Energy buying resources

Looking for some extra reading? We’ve compiled several resources to help make the energy buying process easier. See some of our guides and helpful pages below:

Updated: 8/27/2020