Memphis, TX Electricity Rates: Compare Plans and the Best Electric Companies

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Compare Memphis Electricity Rates in One Place

This page covers Memphis, Texas, the county seat of Hall County. Homes and businesses here sit in the AEP Texas North service area, which is open to retail competition, so you choose which company sells you electricity and which plan you're on. AEP Texas North keeps delivering the power over its own lines no matter who you pay, so the providers compete with each other on price, contract terms and service.

The table below pulls live prices for Memphis addresses on the AEP Texas North network. Every price on this page was checked November 4, 2026, and we update the page monthly. After the table, we cover where prices stand this month, which plans in our table suit which homes, and what to confirm on a plan's Electricity Facts Label (EFL) before you enroll.

Popular Cities Around Memphis: Wellington | Clarendon | Childress | Shamrock | Paducah | Quanah | Crowell

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Memphis Electricity Rates in November 2026

Here is the Memphis market as of November 4, 2026. Each figure is an average price per kilowatt-hour (kWh) at 1,000 kWh of monthly use unless we note otherwise, and AEP Texas North's delivery charges are already folded in.

  • Plans in our Memphis table cost 7.3¢ to 10.8¢ per kWh at 1,000 kWh.

  • Power to Choose, the official Texas comparison site, listed 167 plans from 41 providers for AEP Texas North addresses.

  • On Power to Choose, the 142 fixed-rate plans (not counting prepaid and time-of-use plans) ranged from 6.1¢ to 17.1¢, and 73 of them cost 12.7¢ or less.

  • The typical 12-month fixed plan on Power to Choose was 11.9¢.

  • Power to Choose's three lowest prices at 1,000 kWh (6.1¢, 6.2¢ and 7.4¢) came from bill-credit plans, which Power to Choose showed at 18.6¢ to 27.0¢ for a 500 kWh month.

  • Without a bill credit, the three cheapest 12-month plans on Power to Choose stayed between 10.9¢ and 11.4¢ at 500, 1,000 and 2,000 kWh.

  • AEP Texas North's delivery charges are $3.24 a month plus 5.5751¢ per kWh, on an EFL dated October 4, 2026. In a 1,000 kWh month, that's $58.99 before you pay for any energy.

  • According to the U.S. Energy Information Administration (EIA), the average Texas residential price was 15.91¢ per kWh in August 2026. That figure is preliminary.

What this means for you: paying more than about 12¢ on a fixed plan, or sitting on a month-to-month rate, usually means a cheaper plan is waiting.

The Cheapest Memphis Plans and the 500 kWh Catch

The lowest prices in our Memphis table come from bill-credit plans. You can spot them by the gap between their 500 kWh and 1,000 kWh prices.

  • Frontier Utilities Frontier Saver Plus 12: 20.1¢ at 500 kWh, 7.3¢ at 1,000 kWh and 13.4¢ at 2,000 kWh.

  • 4Change Energy Maxx Saver Value 12: 20.2¢, 7.3¢ and 13.4¢.

  • Frontier Saver Plus 24: 21.3¢, 8.4¢ and 14.5¢.

  • 4Change Energy Maxx Saver Value 24: 22.8¢, 10.0¢ and 16.1¢.

  • 4Change Energy Maxx Saver Value 36: 23.7¢, 10.8¢ and 16.9¢.

Frontier says its Saver Plus plans can earn up to $1,500 in usage credits a year. The 4Change listing in our feed doesn't describe how its credit works, so read the EFL to find the usage level it needs. Our guide to reading an Electricity Facts Label shows where to look.

The catch is in the other two columns. A home that uses 500 kWh pays 20.1¢ or more on every one of these plans, and at 2,000 kWh the 12-month versions show 13.4¢, above the 10.9¢ to 11.4¢ range of the cheapest credit-free 12-month plans on Power to Choose. They're the best deal when your usage lands at or just above 1,000 kWh every month. If it moves around a lot, compare a plan without a credit too.

What Counts as a Good Electricity Rate in Memphis?

Judge any rate at the usage your home really has. Ads tend to quote the 1,000 kWh price, but every EFL also lists the average at 500 and 2,000 kWh, so use the figure nearest your normal month.

  • As of November 2026, a 12-month fixed plan at about 11¢ per kWh or less at your usage is a good price for Memphis.

  • 16¢ per kWh is above the EIA's 15.91¢ Texas average and far above the 11.9¢ typical 12-month plan on Power to Choose, so shop around.

  • A month-to-month rate, which is where you land if a contract expires without a new plan, very likely costs more than the plans in our table. There's no fee to leave one.

Your smart meter keeps a record of what you use. Smart Meter Texas, the state's official meter-data portal, shows that history free, or you can add up the kWh on 12 months of bills. The average Texas home used 1,096 kWh a month in 2024, according to the EIA.

Why Memphis Electric Bills Run High

Three causes account for most high bills in Memphis.

  • Hot-weather usage: running the air conditioning through summer can take a home well beyond its usage in milder months, so check a plan's price at your summer kWh.

  • Delivery charges: AEP Texas North bills $3.24 a month plus 5.5751¢ per kWh to run the local grid, and every provider passes that through. At 1,000 kWh, that's $58.99, roughly half of the bill on the 11.9¢ typical 12-month plan on Power to Choose. The Public Utility Commission of Texas (PUCT) sets these charges and publishes the current delivery rates for each Texas utility.

  • An expired contract: when a fixed term runs out and you don't choose a new plan, you roll onto a month-to-month rate that can change every billing cycle.

Comparing plans at your summer usage and fixing your rate before the hot months handles the first two. A calendar reminder before your contract ends handles the third.

AEP Texas North Delivers Your Power, Whoever You Pay

Every Memphis electric bill involves two companies. The retail electric provider (REP) is the one you choose; it sets your energy rate and bills you. AEP Texas North is the transmission and distribution utility (TDU), which owns the lines, reads your smart meter and restores service after storms. All providers share the same AEP Texas North network, so switching never changes your service quality.

If the power goes out or you see a downed line, contact AEP Texas, not your provider. The AEP Texas Customer Operations Center takes outage calls 24 hours a day at 866-223-8508, and you can also report an outage on the AEP Texas outage page. Our explainer on TDU delivery charges in Texas explains what those charges cover.

Best Electric Company Near Memphis: Match the Plan to Your Home

Which provider is best depends on your home: how much power you use and how long you're happy to lock in. All the plans below are in our Memphis table, with their average prices at 500, 1,000 and 2,000 kWh as of November 4, 2026.

  • Usage that stays at 1,000 kWh or more: Frontier Utilities Frontier Saver Plus 12 (20.1¢, 7.3¢, 13.4¢) or 4Change Energy Maxx Saver Value 12 (20.2¢, 7.3¢, 13.4¢). They're the lowest prices in our table when you earn the credit every month.

  • A longer contract: Frontier Saver Plus 24 (21.3¢, 8.4¢, 14.5¢) is the cheapest two-year option in the table. 4Change also offers Maxx Saver Value 24 (22.8¢, 10.0¢, 16.1¢) and the 36-month Maxx Saver Value 36 (23.7¢, 10.8¢, 16.9¢), with the same credit-style pricing.

  • A low cancellation fee: the 4Change Maxx Saver plans charge $20 for each remaining month if you leave early, while Frontier Saver Plus 12 has a flat $150 fee and Frontier Saver Plus 24 a flat $200.

  • Small homes and low usage: nothing in our Memphis table is designed for low usage, since each plan costs 20.1¢ or more at 500 kWh. On Power to Choose, the cheapest 12-month plans without a credit stayed between 10.9¢ and 11.4¢ at every usage level.

  • No bill credit at all: every plan in our Memphis table this month relies on a usage credit. Power to Choose listed credit-free 12-month plans from 11.0¢ at 1,000 kWh.

  • Renewable power: our Memphis table has no 100% renewable plan this month. Power to Choose listed 43 fully renewable plans for AEP Texas North addresses on November 4, and our reviews of Gexa Energy and Green Mountain Energy cover two providers built around renewable plans.

Compare at least three plans at your own usage, then confirm the price and terms on the EFL the day you sign up. You'll find more on each company in our provider reviews.

Types of Electricity Plans in Memphis

Fixed-Rate Plans

A fixed-rate plan sets your energy price for the length of the contract, usually 12, 24 or 36 months, so hot-weather price swings don't change your rate. If you cancel early, you may owe an early termination fee (ETF); in our Memphis table, those run from $20 per remaining month to a flat $200. AEP Texas North's delivery charges can still change during your contract, because the PUCT sets them rather than your provider. Browse more fixed-rate electricity plans.

Variable-Rate Plans

Variable-rate plans have no set term and can be cancelled any time, but the price can change each billing cycle. On Power to Choose on November 4, variable plans for AEP Texas North addresses ran from 9.8¢ to 17.5¢ per kWh at 1,000 kWh. They suit short stays and carry the most risk during summer.

Prepaid and No-Deposit Plans

Prepaid plans let you pay ahead, get usage alerts and top up as needed, with no credit check and no deposit. Our Memphis table has none this month. Power to Choose listed prepaid plans for AEP Texas North addresses at 16.0¢ to 17.5¢ per kWh at 1,000 kWh, above most fixed plans. Our no-deposit electricity guide runs through the options.

Renewable Plans

Renewable plans are paired with renewable energy credits, often from wind and solar farms in Texas. Power to Choose showed 43 of its 167 AEP Texas North plans as 100% renewable on November 4. Compare green energy plans and check the renewable content line on the EFL.

Time-of-Use and Solar Buyback Plans

Time-of-use plans offer cheaper power at certain times, such as nights or weekends, which can help if you charge an electric vehicle at home. Power to Choose listed eight of them for AEP Texas North addresses this month. Solar buyback plans credit rooftop solar owners for the power they send to the grid, and the terms vary, so compare the credit rate, monthly fees and how unused credits are handled.

How to Switch Electricity Providers in Memphis

Switching takes a few minutes online, and your power keeps flowing the whole time.

  1. Look up your ESI ID (Electric Service Identifier) on a recent bill. It's the unique number for your meter.

  2. Compare plans at your usage, choose one and enroll with your service address.

  3. Select a start date. Your new provider handles the switch with AEP Texas North, and nobody needs to come out to your home.

  4. If you're under contract, check when it ends. PUCT rules mean you won't pay an early termination fee if the switch happens no earlier than 14 days before the expiration date on your renewal notice, and providers must send that notice at least 30 days before the contract ends. The PUCT electricity FAQ has more.

Starting service at a new address in Memphis follows the same steps. Our guide on how to switch electricity providers in Texas covers moves and transfers too.

About Memphis

Memphis is a city in Hall County, Texas, and the county seat. The 2020 census counted 2,048 people in Memphis. AEP Texas North delivers electricity in the city. You can read more on Wikipedia.

Page Summary

  • Our Memphis table shows live prices at 500, 1,000 and 2,000 kWh. The typical 12-month fixed plan on Power to Choose was 11.9¢ when we checked on November 4, 2026.

  • The cheapest plans in our table are bill-credit plans that cost 20.1¢ or more at 500 kWh, so they fit homes using 1,000 kWh or more each month.

  • AEP Texas North delivers the power for every provider and charges $3.24 a month plus 5.5751¢ per kWh.

  • For outages, call AEP Texas at 866-223-8508, 24 hours a day.

  • You can switch without an early termination fee starting 14 days before your contract's end date.

Start saving: enter your ZIP code above to line up live Memphis plans side by side.

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