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The Power Wizard Way

Our goal is simple. To empower you by simplifying your search for electricity companies and plans. Whether you’re looking for the cheapest electricity rate or a plan that fits your needs, we’re here to help you make the best choice.

Power Wizard has helped tens of thousands of Texans save on electricity since 2019

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A proven team of industry experts with 100+ years of experience

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Top energy providers that deliver a variety of simple and clear electricity plans.

How It Works

Your Quest to Magical Savings

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Electricity Rate Trends

TDSP Lowest Average
Centerpoint 6.9¢/kwh 14.4¢/kwh
Oncor 6.9¢/kwh 15.0¢/kwh
TNMP 6.9¢/kwh 16.0¢/kwh
AEP Central 6.0¢/kwh 13.8¢/kwh
AEP North 6.1¢/kwh 14.3¢/kwh
Lubbock 7.7¢/kwh 15.0¢/kwh
Rates last updated on: November 3, 2026. The chart above shows all-inclusive energy rates for Texas deregulated utilities at 1000 kWh usage. These rates include utility pass-through fees along with the energy rate charged by your electric provider.

Don't Take Our Word For It

Knowledge is Power: Make Informed Choices

Discover more on the blog to learn about electricity, energy-saving tips, and the latest industry updates.

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November 2, 2026

Working From Home in Texas? Check Your Electricity Plan

Working from home changes when your Texas household uses electricity. Instead of using most of your power before and after work, you are also running air conditioning, computers, l...
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What Electric Company Services My Address

More than 85% of Texas is in the deregulated electricity market. In these parts, two electric companies service your address: the Transmission and Distribution Utility (TDU) that d...
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October 26, 2026

How Much You Pay to Sleep in Every State

Going to bed might feel like hitting pause on the day — but your home does not fully power down when you do. While you sleep, your refrigerator keeps running, your Wi-Fi router s...
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