Electricity Rates & Energy Plans in Midland, TX
Originating its name from the Texas Pacific Railroad where the tracks from Fort Worth and El Paso met, which was known as Midway at the time, Midland, Texas thrived as a railroad town. Shortly before World War II, the discovery of oil was made and today Midland lies in the heart of the second largest oil and gas shale in the world, the Permian Basin oil region. Midland gets its nickname, “Tall City” because of its enormous buildings downtown that can be seen from miles away have also impacted an attraction for tourists.
Midland is part of a semi-arid climate where there are long, hot summers with short, moderate winters. At times, the winters in experience cold waves, but rarely are the citizens of Midland exposed to extended periods of temperatures below the freezing point. With the brutality of the long, hot summers, individuals living in the city are likely to lower their thermostats to keep their households cool from the heat. Therefore, rates are subject to rise from continuous use of air conditioning in the course of the months after spring up until the end of the year. Luckily, because the summer months are extremely hot, the rates from December through February are exceptionally reduced due to the cool weather. Check out the variety rates available in Midland that will suit you and your family’s budget.
Midland Electricity Rates and Power Plans
Choosing the Best Midland Electricity Company
In Midland, consumers have a choice of either fixed rate or variable rate pricing. Both options have their advantages for controlling your electricity bill, but choosing the one that’s right for you may take some research.
Fixed Rate Electricity Plans
Fixed rate electricity contracts have terms with a minimum of at least 3 months but could extend to as much 36 months. During the contract, the unit price of Midland electricity will stay the same — with a few exceptions.
Variable Rate Electricity Plans
On a variable rate electricity plan, your price per kWh will fluctuate based on wholesale electricity prices. When the price of Midland energy goes down, you’ll pay less, but your rates will increase if the prices go up. Variable rate contracts are month-to-month, so there are no long commitments or fees for terminating the contract.
Learn About Midland Utility and Electric Providers.
With Texas deregulation laws, the energy market has many choices when it comes to your electric plan. Regardless of the electric company you choose, your local utility will continue to deliver your electricity. In North Texas Oncor is responsible for regulated electric transmission and distribution to nearly 10 million customers.
For more information on Midland electric companies or to purchase your next energy plan, contact EnergyOutlet.com today!