Laredo Electricity Rates and Companies

Your power to choose electricity in Laredo

When Texas deregulated its electricity market over two decades ago, it gave residents and businesses in cities like Laredo the power to choose their electricity plan based on their energy needs and budget. Instead of buying from the local utility, you can compare rates and plan features from numerous energy companies in Laredo. Enter your ZIP code to get started.

Choose Texas Power is not affiliated with Power to Choose, powertochoose.org, or the PUCT.

Average residential energy rate

The electricity rate you’ll pay in Laredo depends on how much electricity you use. Texas Energy plans typically feature a tiered rate structure, and the one you fall into will impact your electricity bills. Here’s the average price per kWh of each usage tier in Laredo, per our recent marketplace data:

• At the 500 kWh level, the average rate in Laredo is 20.6 cents per kWh
• At the 1000 kWh level, the average rate in Laredo is 13.4 cents per kWh
• At the 2000 kWh level, the average rate in Laredo is 16.2 cents per kWh

Laredo electricity rates fluctuate based on seasonal demand, with more expensive rates in high-usage seasons, like summer and winter. To compare the best electricity rates today, enter your Laredo ZIP code on our marketplace. You can also call the number on our screen to speak with our experts and sign up over the phone.

Explore our best energy providers

Having as many energy options as you do in a deregulated market can feel overwhelming. To help, we’ve highlighted a few of our most popular electricity providers across Texas. Some of the top energy providers on our marketplace include TXU Energy, Gexa Energy, and 4Change Energy. Find out what these providers and more like them have to offer.

Shop these and numerous other energy providers by entering your ZIP code on our marketplace today.

The current lowest electricity rate in Laredo is 9.2 cents per kWh from APG&E.

AEP Central is Laredo’s utility

While you can choose your electricity provider in a deregulated market, your utility company is determined by your address and cannot be changed. Utilities deliver electricity, maintain power lines, and restore service during power outages. The utility company for Laredo is AEP Texas Central. In the event of a power outage or electrical emergency, call your utility company, not your provider. Here’s how to contact AEP Central:

• Call 1-866-223-8508
• Report an outage online

Texas utility companies collect a fee for delivering electricity, called a transmission and distribution utility (TDU) charge. AEP Central’s TDU charge includes a monthly charge of $3.21 and a usage charge of 6.0380 cents/kWh.

Types of Laredo electric plans

When shopping for a new electricity plan on our marketplace, you’ll come across a variety of options. Some of the most common energy plan types include:

• Fixed-rate plans: A fixed-rate energy plan locks in your electric rate for the length of your contract — typically anywhere from 12 to 36 months. Every month, you’ll pay the same electricity rate, regardless of fluctuations in the energy market. However, if you cancel or switch your plan during your contract, you’ll likely have to pay an early termination fee (ETF).
• Variable rate plans: Variable-rate plans fluctuate with the energy market. This means you’ll enjoy cheap electricity rates when demand is low, but you’ll pay higher rates when the market price of energy increases. Because there’s no contract, you’re free to switch plans or providers at any time without penalty.
• No-deposit plans: Many electricity companies in Laredo require an upfront deposit if you have a low credit score. However, some providers offer no-deposit plans, which allow you to skip the deposit and credit check altogether. Prepaid plans are a popular type of no-deposit plan, where you pay for your electricity in advance and recharge your balance as needed.
• Time-of-use plans: A time-of-use (TOU) plan contains rates that fluctuate based on electricity demand. During times of low demand, such as late at night, you can enjoy a decreased rate. However, your rate may increase during peak hours, like mornings and afternoons. This plan could be advantageous if you are comfortable shifting your usage to capture lower rates during off-peak hours.

Understanding Laredo electric rates

Laredo electricity rates vary based on your location, plan type, contract length, and provider. They also reflect supply costs, delivery fees, taxes, and other charges. That means your rate may differ from what someone pays in another part of Texas — even if you’re on the same plan.

When shopping for an energy plan, it’s important to view up-to-date rates in your market. To find the current rates from light companies in Laredo, enter your ZIP code on our marketplace today.

Commercial energy

Businesses can also benefit from Texas’ deregulated energy market by choosing their own electric company in Laredo. Choose Texas Power offers two options for setting up electricity for your business: give us a call to speak with a dedicated business energy consultant or visit PowerHQ.com to browse multiple commercial energy plans.

Green energy plans

Texas is a national leader in renewable energy production, which gives residents access to numerous options for green energy. Every Texas electricity plan comes with a percentage of renewable energy from wind power or solar energy. You can find out exactly how much green energy a plan contains in its Electricity Facts Label (EFL).

Several Laredo electric companies, including Green Mountain Energy and Gexa Energy, offer 100% green energy plans. To explore these plans, enter your ZIP code and filter your results for green energy.

How to switch energy companies

If you’re moving to Laredo or want to switch your Laredo energy provider, Choose Texas Power is here to help. Our marketplace partners with the best electricity companies in Laredo to help you find the right plan for your needs.

Moving to a new address

When you’re preparing to move to Laredo, contact your current electricity provider to ask if it serves your new address. If not, you can enter your Laredo ZIP code on our marketplace to compare and sign up for a new plan. Be sure to provide your current provider with proof of your move to avoid an ETF.

Switching energy providers

If you’re unhappy with your current Laredo electricity company, your usage has changed, or you want a lower electricity rate, you can switch to a new plan. Enter your ZIP code on our marketplace to compare available options. Before switching, examine your current plan’s EFL to check whether an ETF applies.

Laredo energy FAQs

Which providers typically have the cheapest electricity rates in Laredo?

Currently, the cheapest electricity rates in Laredo are offered by APG&E. Electricity rates change frequently and depend on your monthly usage level, so be sure to compare plans based on your location and typical energy usage.

Where can I compare Laredo electricity rates?

You can compare rates by entering your ZIP code on Choose Texas Power. Our free marketplace lets you view rates and plans from multiple electricity companies in Laredo. You can easily sort by price, contract length, and other features before signing up.

What is the best energy provider in Laredo?

The best provider depends on your usage, budget, and the features you want in a plan. Think about whether you prefer a fixed or variable rate, how long you want your contract term to be, and whether bill credits or renewable energy matter to you. Once you know your priorities, enter your ZIP code on this page to compare plans and filter for the options that fit your needs.

How can I lower my electricity bill in Laredo?

You can lower your electricity bill by reducing energy use and improving your home’s efficiency. Simple steps include raising your thermostat a few degrees, maintaining your HVAC system, and making energy-saving upgrades, such as installing LED lighting or improving insulation. You can also compare options from light companies in Laredo to find a lower-rate plan.