How Much Is An Electric Bill For An Apartment? Your Complete Guide To Electricity For Apartments In Texas
Are you new to renting an apartment in Texas and want to know what is a typical electric bill for an apartment?
It’s likely that while you were apartment shopping, you were given an estimate for the average cost of electricity for past occupants of your unit. However, you understand that cost can represent many variables that can be different for every household.
As you continue reading this guide, you will learn everything you need to know about electricity for apartments and how much you can expect to pay each month.
On this page:
- Finding The Best Electric Companies For Apartments In Texas
- 4 Common Types Of Electricity Plans
- How Much Is The Average Electric Bill For An Apartment In Texas?
- Moving? How To Switch Apartment Electricity Providers
- How Can You Lower Your Apartment Energy Costs?
- How To Find The Best Electricity Provider And Plan For Your Apartment Energy Needs
Finding The Best Electric Companies For Apartments In Texas
Although your apartment’s leasing agent may have recommended an electricity provider for you to consider, you need to know that you have options.
You need to find the best electric company for you.
The truth is…
You could easily be overpaying on your electric bill each month by defaulting to a recommended Retail Electric Provider (REP).
Because of deregulation, you have the power to choose from dozens of electric companies in your area.
What Is Deregulation And How Does It Affect Me?
If you are new to Texas, you may not be familiar with deregulation and how it affects you as an electricity consumer.
There are three basic ways to understand the deregulation of electricity in Texas:
- There is no one company or organization monopolizing electricity services.
- The electricity market is extremely competitive with hundreds of different REPs fighting for your business.
- You have the power to choose from among the various electric companies available in your area.
With dozens of electric companies available to residents in Texas, finding the best electric company for you can be a daunting task!
When choosing your electric company and plan, you will need to know about the common types of electricity plans and how they work.
Not sure where to start? That’s okay because we have you covered.
Our partner, Power Wizard, has an unbiased algorithm that’ll do all the work for you.
Click below to get started.
4 Common Types Of Electricity Plans
As you begin researching the dozens of electric companies, you will quickly realize that each company has various plans.
Reading through the details of each company’s electricity plans can cause more of a headache than you may be ready for, especially if you are unfamiliar with the types of plans that are typically available.
You could easily spend 5 or more hours of your free time trying to not only find the right company but the right plan for you.
There are four common types of electricity plans you can expect to see when you are looking for electricity for your apartment.
#1 Fixed-Rate Plans
Fixed-rate electricity plans are one of the most popular options for apartment residents in Texas.
What should you know about the fixed-rate plan?
- It’s a locked-in rate, which means the cost of electricity per kilowatt-hour stays the same for the duration of your service contract.
- It appeals to people who need a budget-friendly approach, with no surprises on your monthly electric bill.
- When the market value of electricity changes, you are still locked-in to your fixed-rate for the duration of your contract.
- If you want to end or switch your electricity service with your company before the end of your contract, you will likely incur a termination fee.
It’s important to do your research to know if a fixed-rate plan is best for you.
#2 Variable-Rate Plans
Variable-rate electricity plans are a good choice for those who may have month-to-month apartment leases because of the flexibility these plans provide.
What should you know about the variable-plan?
- It’s a flexible rate, which means the cost of electricity per kilowatt-hour will change as often as the market value of electricity changes - which could be as often as daily.
- It appeals to people who need a flexible approach with month-to-month electricity plans.
- If you want to end or switch your electricity service with your company, you can walk away at any time without incurring a termination fee.
Depending on various factors, the variable-rate plan may or not be the best for you, and it is important to do your research.
#3 Green Energy Plans
Green energy plans are a good choice for households that are conscious about the impact their electricity has on the environment.
What should you know about the green energy plans?
- It’s a renewable energy source, which means you will source wind and solar energy to power your apartment.
- You can typically find both month-to-month, variable-rate plans or longer-term, fixed-rate plans.
- Depending on your energy source, you may have additional costs for the installation of special equipment.
Does a green energy plan appeal to you? If so, be sure to do your due diligence because there are many factors to consider.
#4 Prepaid Plans
Pre-paid electricity plans are a great choice if you are on a strict budget, have difficulty paying a deposit, or just need some flexibility.
What should you know about the prepaid plan?
- It’s a pay-as-you-go, variable-rate plan, which means you pay the cost of your electricity upfront and the cost per kilowatt-hour can change at any moment.
- It appeals to people who need a budget-friendly approach because you can monitor your usage and payment in real-time.
- If you want to end or switch your electricity service with your company, you can do so at any time without incurring a cancellation fee.
It’s important to do your research to know if a prepaid plan is the best choice for you.
How Much Is The Average Electric Bill For An Apartment In Texas?
When discussing the details of your apartment, you should know in advance whether electricity is included with the cost of your rent or if you will be able to choose your electricity provider.
Either way, you need to know that electricity rates for apartments will depend on the company and the plan you choose, as well as several factors:
- The location of your apartment
- The size of your apartment
- The age of your apartment building
- Your historical energy usage
- Your household’s lifestyle
The Average Electric Bill For A 1-Bedroom Apartment
In Texas, one-bedroom apartments are usually around 750 square feet.
According to a City-Data Forum for Dallas residents, the average electric bill for a one-bedroom apartment in Texas can typically range anywhere from $65 to $100 per month.
The Average Electric Bill For A 2-Bedroom Apartment
Most two-bedroom apartments are 1000+ square feet and the size of an apartment does affect how much you will spend on your electric bill.
Houston residents on Quora shared that their average electric bill usually ranged from $120 to $200 in a month.
Moving? How To Switch Apartment Electricity Providers
Moving into a new apartment can be stressful and having to switch electricity providers can easily compound the stress.
Think about it…
- Searching through dozens of web pages of electric companies that service your area to compare their rates and plans.
- Taking notes and bookmarking pages to evaluate which plan is best for your household’s electricity usage.
- Researching words and jargon (that the average person is not familiar with) so that you can make an informed and confident decision about your electricity needs.
Be warned: It is impossible to do this without spending hours upon hours attempting to become an expert on electricity in Texas. Even still, you may choose a plan that will cause you to spend more money than is necessary.
But don’t worry. There is a better way.
Our partner, Power Wizard, has developed an online-based calculator that allows you to find the best electricity plan for your needs. It’s the quickest and most reliable way to do it.
Click below to let Power Wizard choose the best plan for you.
Do You Have To Pay A Cancellation Fee To Switch Electricity Providers?
Most plans, if canceled before the contract end date, will include a cancellation or termination fee.
Typically, if you are on a month-to-month variable-rate plan or a pre-paid plan there are no cancellation fees.
You need to know the terms of your plan before you commit to an electricity service contract.
How Much Is An Electricity Deposit For An Apartment?
How much you pay for an electricity deposit for your apartment can vary.
It depends on the company and plan that you choose.
Some plans do not require a deposit, while others will need to run a credit check to determine the amount you may or may not need to pay.
How Can You Lower Your Apartment Energy Costs?
If you are looking to have more control over your monthly electric bill and save money, try the following ten tips to lower your apartment energy costs:
- Wash large loads of clothes to maximize the energy consumption of your washer and dryer.
- Turn your water heater temperature down while you are traveling days at a time.
- Ask your landlord to fix air leaks and upgrade to energy-efficient appliances
- Turn off unused lights and open windows for sunlight during the day.
- Replace your standard showerhead with one that conserves water.
- Use LED energy-efficient lights instead of the standard light bulbs.
- Adjust your thermostat to be warmer in the spring and summer months.
- Adjust your thermostat to be cooler in the fall and winter months.
- Unplug appliances that you do not use regularly.
- Replace your air filters every month.
How To Find The Best Electricity Provider And Plan For Your Apartment Energy Needs
Now that you are more knowledgeable about the various factors that can affect your apartment energy needs, you can find an electric provider that will be the best for you.
Our partner, Power Wizard, will do the work to find the best electricity plan for you so that you won't overpay for electricity again.
With their proprietary algorithm, you can be certain that the plan that they choose for you will be the best for your needs - and it only takes 2 minutes.