Your power to choose electricity in Lewisville

In 2002, Texas lawmakers voted to deregulate most of the state’s energy market and allow consumers to choose their own electricity providers. As a result, residents of Lewisville and the rest of the state can shop around for electricity. 

While deregulation can be complicated, the end result for consumers is simple. Thanks to the competition from energy deregulation, you have the power to choose your own rate plan and provider from many energy providers in Lewisville. Having the ability to choose your electricity plan can mean significant savings on your energy bills.

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

Average residential rate in Lewisville, TX

As of February 2024, the average residential rate in Texas is 14.31 cents per kilowatt-hour (¢/kWh). Compared to the national average of 16.10 ¢/kWh, Texas residents benefit from below-average residential electricity rates.

Best Lewisville electricity providers

When you start comparing Lewisville electricity providers, you’ll find plans from a range of popular companies. Some of the most popular providers available in Lewisville include TXU Energy, TriEagle Energy, Constellation, and Gexa Energy.

Lewisville utility companies

Your utility company is different from your provider in an area with deregulated energy. Lewisville residents can choose their own providers, but the local electric utility is assigned to your service address. Your utility delivers electricity and maintains infrastructure, while also responding to power outages, downed power lines, and other problems with the electric service.

Oncor Electric Delivery and Texas-New Mexico Power (TNMP) both deliver utilities to Lewisville residents, so your specific utility will depend on which part of Lewisville you live in. Your utility company is responsible for handling any outages, so be sure to contact them —  not your energy provider. You can contact your utility in the following ways:

• Call Oncor at 888-313-6862 for customer service
• Call Oncor 888-313-4747 to report an outage
• Email Oncor at contactcenter@oncor.com
• Call TNMP at 888-866-7456 to report an outage

Types of Lewisville electric plans

As you look for the best Lewisville electric company near you, you’ll encounter a range of plan options. Here are the types of electricity plans you can choose from:

• Fixed-rate plan: When you sign up for a fixed-rate electricity plan, you secure supply rates for the length of your contract. You aren’t vulnerable to changes in the energy market, but you could face an early termination fee (ETF) if you cancel your plan before your contract ends. This type of plan is best for those who prefer a stable, monthly electricity rate.
• Variable-rate plan: When you have a variable-rate electricity plan, your rate could change each month. The market controls your electricity rate, meaning your rate goes up when the market rate goes up and down when it goes down, sometimes dramatically. The upside of these plans is that you can cancel anytime without an ETF. Variable-rate plans work best for those who are okay with not paying the same rate each month.
• No-deposit plan: Many Texas energy plans require customers to pay a deposit at the start of their plan. Electricity companies in Lewisville run credit checks and may require deposits for customers who don’t meet their credit threshold. There are a couple of ways to get a no-deposit plan, though. You can either qualify for a no-deposit plan if you have a good credit score, or you can choose a prepaid plan that doesn’t require a credit check at all.

Lewisville electric rates in my area

Electricity rates aren’t standardized across Texas. Instead, your rate depends on where you live and the utility that services your area. The rate someone pays in one part of the state may be very different from the rate you’ll pay in Lewisville. As a result, it’s important to get a quote specific to your location.

With the Choose Texas Power marketplace, you don’t have to do a web search for “best electricity rates near me” or “cheap electricity in Lewisville.” Just enter your ZIP code on this page to browse a list of the plans and rates available to find the best electric company in Lewisville, TX.

Lewisville commercial energy

It’s not just individuals who benefit from deregulation in Texas. Lewisville businesses also get to choose their own electricity providers. If you’re a business owner and want to learn more about commercial electricity rates in Lewisville, call the number on your screen for a quote or fill out our business energy form. 

We’ll need information about average monthly usage and more to tailor a commercial electricity plan to your needs, but the process takes only minutes.

Green energy plans in Lewisville

Texas is a leader in renewable energy. The state is top in the nation in wind energy generation and comes in second after California for solar energy generation. As a result, it’s easy for Lewisville residents to find a green energy plan to fit their needs.

Each Texas electricity plan has a percentage of renewable energy. You can find the specific percentage when you shop for your plan. 

There are also companies that only offer renewable energy electricity plans in Lewisville. If you’re looking for a 100% green energy plan, consider Gexa Energy.

Moving or switching providers in Lewisville

Lewisville is a moderate-sized city in the Dallas-Fort Worth metropolitan area. The city has grown quickly over the last few decades, increasing in population by 36% between 2010 and 2022. If you’re one of the many flocking to Lewisville, you’ll want to secure your electricity plan and get the cheapest rate possible. Use Choose Texas Power to navigate your new energy options and compare electric plans in Lewisville.

Moving to a new address

If you’re moving to a new address within Lewisville, you won’t need to pay an early termination fee if you’re on a fixed-rate plan. Your provider will coordinate the switch to your new home if you provide your energy company with the new address and proof of your move before moving.

Switching energy providers

Sometimes, you’ll need to switch energy providers entirely when you move. If your provider doesn’t service your new location, use the Choose Texas Power marketplace to help you find a new electric company near you.

Lewisville energy FAQs

What is a good electricity rate in Lewisville?

Good electricity rates change depending on the season and current energy demand. Lewisville electricity rates can fluctuate significantly throughout the year, so be sure to explore the current rates in your area when shopping for a plan.

Where can I compare Lewisville electricity rates?

Choose Texas Power is an independent, free marketplace that makes it easy to compare Lewisville electric plans and rates and sign up in one simple process. Enter your ZIP code to get started.

How do I find the best electric plan in Lewisville?

Before you determine the best plan or Lewisville electricity provider for you, it’s important to nail down your energy priorities. Some providers offer 100% green energy plans, while others specialize in prepaid plans. First decide on your top priorities and filter your search results to fit.

How can I lower my electricity bill in Lewisville?

To lower your energy bills, start by finding ways to make your home more energy efficient. Installing high-efficiency appliances can go a long way, but you can also make simple changes like reducing HVAC use, unplugging unused appliances, and switching to LED light bulbs.