Memphis, Texas electricity rates - plans that match your needs

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Electricity Providers in Memphis, Texas

Memphis has the 703rd largest city by population in the state, with 2,048 people calling it home.

Consumers in Memphis are able to choose what provider they get their electricity from since the area operates as a deregulated electricity market. All in all, the competition among energy companies in Memphis’s deregulated electricity market is truly a win for the customers, empowering them to enjoy compelling energy plans at the most compelling available rates. Unfortunately, it’s also this competition that encourages a few dishonest energy providers to use confusing marketing in a desperate attempt to confuse new customers.

Don’t be lured by these fly-by-night energy companies; use FindEnergy.com. The Find Energy team has done the necessary research to empower you to make solid choices when you’re buying a new power plan; all you have to do is visit our marketplace by entering your zip code. The Find Energy website can connect you with the most reputable electricity providers in the Memphis area, so you can get the most compelling energy plans in Memphis.

Fill in your zip code to get the ball rolling. Take a look at our most trusted suppliers below.

Memphis, TX Residential Electricity Rates

Residential

Memphis Averages

Rate10.5¢
Usage1,205 kWh
Bill$126

Texas Averages

Rate12.41¢
Usage1,131 kWh
Bill$140

United States Averages

Rate14.11¢
Usage893 kWh
Bill$126

If you’re residing in Memphis, Texas, you’re paying an average electricity rate of 10.50 cents per kilowatt-hour for every kilowatt-hour. Current statewide and countrywide average is at 12.41 cents for every kilowatt-hour and 14.11 cents per kWh respectively.

Memphis consumers pay $126.45 on average for electricity each month. On the other hand, Texas’s current monthly energy bill averages $140.36, and the national monthly electricity bill averages $125.95.

Your energy costs may be significantly different depending on how much electricity you consume every month. This correlation between electricity usage levels and electricity rates is what frequently leaves a lot of consumers confused about the details of their energy plans.

To assist in bringing clarity to our users, we have an EFL with all plans we feature on FindEnergy.com. Read your Electricity Facts Label (EFL) to find out useful information about your energy plan. Going over the EFL will give you access to valuable energy information such as prices, contract terms, generation sources, and emissions levels.

To help you make better energy decisions, our team at Find Energy has taken the first step of compiling EFL highlights on the many different electricity plans available in your location. Our team at Find Energy is committed to helping Memphis residents make the right energy decisions; our marketplace provides essential energy information, including the conditions, terms, and prices of the most attractive energy plans available to you, as well as the most reputable electricity companies that serve your location.

Confidently buy a new electricity plan with the Find Energy website—type in your zip code to get started. Use our online marketplace to gain access to Memphis’s most reliable electricity suppliers and their most compelling residential electricity plans.

Below are some of the most competitive residential energy plans you can get in the Memphis area.

Memphis, Texas Residential Electricity Plans

Residential

Memphis, TX Commercial Electricity Rates

Commercial

Memphis Averages

Rate8.65¢
Usage11,129 kWh
Bill$963

Texas Averages

Rate7.59¢
Usage8,874 kWh
Bill$673

United States Averages

Rate11.16¢
Usage5,445 kWh
Bill$608

If you’re a business owner in Memphis, you’re paying an average electricity rate of 8.65 cents for every kWh. Compare this to Texas’s average electricity rate of 7.59 cents per kWh, and the current nationwide average electricity rate of 11.16 cents per kilowatt-hour.

If you’re doing business in the Memphis area, chances are you’re spending $962.92 on your energy bill every month, on average. Meanwhile: the average monthly commercial electricity bill in the state of Texas is $673.37, and the average monthly business energy bill countrywide is $607.57.

Electricity is highly important in most types of businesses. While your residential electricity bill may not be a significant expense for your family, the average business electricity usage is 12 times that of a residential property. Securing the best priced rates possible is even more important for owners and managers looking to reduce costs. Many companies may have four or five figure reductions in their annual overhead by finding an electricity rate that is lower by just a fraction of a cent.

Our team at Find Energy can send customized price requests to reliable Memphis electricity suppliers if you normally get an electricity bill upwards of $3,000 dollars.

There could be up to 25% energy savings to be had if you shop for your next energy plan using the Find Energy marketplace.

Use the Find Energy marketplace to get access to established energy suppliers in Memphis and their most competitive commercial electricity plans. Conveniently shop for a new business electricity plan with FindEnergy.com—enter your zip code to get started.

Our team at Find Energy has compiled the most competitive commercial energy plans you can get in your area; learn more about them in the list below.

Memphis, Texas Commercial Electricity Plans

Commercial

The right decision to make would be to compare the best available prices in the deregulated market versus the prices you are currently paying, specifically when you consider the following:

  • No unnecessary surprises besides the amount you'll save - We work almost solely with fixed rate plans. If electricity rates are currently trending upwards, then securing current rates may very well be one of the most crucial business decisions you make this week.
  • There is no disruption of service when you shift to a different plan - Power keeps flowing to your organization if you already have service. In fact, about the only difference you will notice when you change providers is the lower rate on your new bill.
  • The whole process takes just a couple of minutes - All we need from you is for you to spend a couple of minutes submitting your information with Find Energy. After that is done, our staff at Find Energy will take care of the heavy lifting. You will secure a brand new electricity plan and spend almost no time at all.
  • Zero “break up” call with your current electric supplier - There is no need for a “break up” call with your existing supplier if you are not under contract. If you haven't signed a contract with an electricity service company, the entire switching process can be taken care of by our team. If you aren't sure, however, we can confirm it for you as well. If you are under contract, we still may be able to save you money, so reach out!
  • No obligation to purchase a new plan - It doesn't matter if our staff has already put in the time getting a quote for your business. There is zero obligation on your part to make the transition, unless you're perfectly happy with the prices you receive from Find Energy. We've created our shopping experience to be as safe as possible for you and your business!

If you're ready for your establishment to begin cutting back on electricity expenses immediately, all you have to do is type in your zip code on this page and answer these few easy questions. Find Energy will start recommending you the lowest electricity prices as quickly as possible!

Memphis, TX Utility Company

Versant Power is responsible for transmitting electricity in the Memphis area. Immediately connect with Versant Power if you're experiencing any troubles with your electricity services.

(207) 973-2000 is Versant Power's phone number in Memphis, Texas. You can also get a hold of Versant Power on the internet here.

Memphis, Texas Electricity Rates Over Time

Residential

Historical Electricity Rates:

Price Per kWhAverage Bill$0.379/kWh$0.081/kWh$555.55/mo.$71.82/mo.

Commercial

Historical Electricity Rates:

Price Per kWhAverage Bill$0.379/kWh$0.081/kWh$555.55/mo.$71.82/mo.

Find the best plan for your needs

Compare electric rates in your area with your ZIP code


Shop Electricity Providers by Zip Code in Memphis, TX

  • 79245

Memphis, Texas Electricity FAQs

FAQ

How do I find a green electricity plan in Memphis?

Our marketplace gives consumers the ability to see what percentage of each plan is fueled by green electricity, so you have the chance to select what you're most comfortable with.

How many electricity providers are in Memphis?

At the moment, 7 providers have operations Memphis.

What electric utility company does Memphis, Texas use?

Versant Power is Memphis's main utility company. There are, however, many different suppliers that carry electricity supply in Memphis, including the providers mentioned in the following list:

Who has the cheapest electricity plans in Memphis?

The cheapest electricity services in Memphis can be found below.

ProviderRate (¢/kWh)
Pulse Power14.39
Just Energy15.40
Texpo Energy15.80
Constellation Energy18.90
Payless Power20.80

What is a fair electricity rate in Memphis?

Approximately 10.50 cents per kWh is the average electricity plan in Memphis. Presently, the cheapest plan featured on FindEnergy.com is 14.40 cents per kWh, presently sold by Pulse Power.

How should I choose an electricity provider in Memphis?

With dozens of electricity suppliers bidding for your business, it is smart to use an online marketplace like ours to help you compare your many different choices. You can start by entering your zip code on this page. Or if you want, you can look up all the individual company websites, and with the use of an Excel file or a Word document, you can take note of and compare the different deals you find.

Who is the cheapest electricity company in Memphis?

The best priced residential electricity rate presently on the market is priced at 14.40 cents per kWh, carried by Pulse Power.

Last Reviewed By: Fernando García
Published: 2022-11-21