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Aug. 8, 2020

Killeen Electricity Rates: Compare Prices Fast

Killeen is one of the smaller cities in central Texas, and is famous for being host to the Fort Hood military base. It's the 21st most populous city in the state of Texas, which makes it one of the least power-consuming regions in the state. Killeen is powered by the state's coal and gas-fired electricity production. Here’s how the Killeen electricity market works, as well as how you can save on your energy bill, and get the best electricity rates.

General Information on the Killeen Electricity Rates

Almost the entirety of Killeen's electricity production is from natural gas and coal, with a very small fraction of electricity generation from renewable energy sources.

All Killeen consumers receive electricity bills that are divided into two categories – supply and delivery charges.

The supply charges include the cost of generating and supplying energy. These prices are by the kilowatt-hour (kWh) per month. The charge is different for the several electricity providers throughout the region. The basic difference in cost is between the Standard Offer Service (SOS) and many retail electric suppliers (RES). Any additional charges can be avoided if you apply for delivery with one of the electric providers.

The delivery services are provided by the utility company you sign up with. In Killeen, you can choose between Trieagle Energy, Oncor Electric Delivery, Killeen Energy, Direct Energy, Reliant Energy, AEP Texas, Texas Energy, Payless Power, 4Change Energy, Green Mountain Energy, First Choice Power, TXU Energy, and Cirro Energy. Additionally, the city is also supplied by Pulse Power and Frontier Utilities via a regional branch.

The delivery cost consists of the transmission and distribution charge, Combined Public Benefits (CPB) charge, customer service charge, Transmission and Distribution Utility (TDU), and the Competitive Transmission Assessment (CTA) charge. 

You can learn more about Killeen’s energy rates here

Energy Deregulation and How It Affects Killeen Electricity Rates

The state of Texas deregulated the electricity supply industry in 2002. Since then, independent electricity providers have started to compete by offering better pricing, competitive electricity plans, and additional maintenance services. 

Killeen residents can register with an independent retail energy provider for their domestic energy needs. However, if a resident does not choose a supplier, the default energy service for the region automatically starts supplying energy as Standard Service and charging via autopay. 

The Texas Public Utilities Commission regulates electric companies, as well as the Standard Offer Service from your energy service provider. 

The Standard Offer is your ‘Price to Compare.’ You can use the Price to Compare to see which supplier offers low rates and competitive service in their area. 

Finding the Best Killeen Electricity Rates

All Killeen residents can choose from the multiple electric rates and plans offered by the several regional suppliers, based on factors such as their customer service and overall rates. You can then shop for the best prices, but remember to read the fine print on the Electricity Facts Label (EFL), check for any hidden fees, and/or escalating rates.  

Alternatively, you can use Arbor’s free TrueRate Protection service to automatically find and switch to the best Killeen electricity rate in your area.

Arbor scans the market and gives you the best rates you can get in your service area. When your term is expiring, Arbor finds the best rate and switches you again.  You always pay the lowest rate and never have to worry about overpaying for electricity ever again.

You can also use the free savings calculator to find out how much you could save in each case.

Understanding Killeen Electricity Rates and Plans

Each energy company offers electricity prices, different plans, and plan lengths. You can change your Killeen electric supplier at any time. 

Transferring to another supplier is easy. All you have to do is get a copy of your recent electricity bill, find out which electricity company supplies your energy, and check the cost per energy usage to find out your current rate.  

You can use Arbor to find out what the best rate in your area is by using our free savings calculator.

Once you have your supplier and their current rates, you can then compare your current energy supply rate with those offered by other suppliers, and sign up online or over the phone. 

Furthermore, different energy suppliers may offer different types of plans. 

These are the three plan options you have to choose from in Killeen:

  • Fixed-Rate Plans: Customers pay a pre-set rate for the entire plan duration in a fixed-rate plan. These plans are very stable and you can choose from several cost structures. We recommend fixed-rate plans because they are much safer, and provide price certainty. But be careful; when your term expires, your rates may become variable and increase without notice. Arbor automatically keeps you on the best fixed-rate plan, so you don’t have to worry about rate hikes at the end of your term.

  • Variable-Rate Plans: These plans depend on the price fluctuations in the energy market. Your energy prices can change every month, depending on the variation in the electric and gas market. Variable-rate plans are not stable but may yield low costs based on seasonal changes.  

  • Indexed-Rate Plans: These plans are priced according to the value of a related variable, such as a publicly-traded index. Indexed-rate plans are complex and very variable. Customers are recommended to carefully read the terms of such a plan before signing up for it.

You can choose a plan that's better for your current financial capacity. Many plans may ask for an initial deposit. However, none of the plans available through Arbor will ever require a deposit.

How to Choose the Right Energy Supplier

As a Killeen resident, you have a few competitive options in terms of retail suppliers. You should choose the best electric service provider by checking which energy plan works best for your residential electricity needs, and then compare the rates with the Price to Compare (or your current supplier’s rate). 

You can then check which service provider offers the highest savings on your bills, as well as power outage protection, and decide accordingly. 

Killeen residents can also qualify for one of the energy bill relief and savings programs such as Texas Saver, Maxx Saver, Gexa Saver (with a Gexa Energy account), and Saver Deluxe. 

Homeowners can pay their electric bill themselves. However, these bills can be difficult to understand in terms of what you owe and what you've been charged for, which is why people trust Arbor to manage their electric supply service for them. This lets them avoid unnecessary service interruptions and pay the best electricity rate available in Killeen.

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