Memphis electricity rates - no ugly plans

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Memphis Electric Rate Map
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Memphis Electricity Rates

Average Memphis Electric Rates

Thad Warren By Thad Warren
Fact Checked
Kendra Aquino By Kendra Aquino

This section highlights the average Memphis electricity rates for residential and commercial customers.

  • The lowest residential electricity rate in Memphis is 11.47¢ ($0.1147) and the average rate is 17.31¢.
  • The lowest commercial electricity rate in Memphis is 7.62¢ ($0.0762) and the average rate is 8.77¢.

Memphis Electricity Plans

Current rates from energy companies in Memphis

Provider
Plan Name
Term
Rate
Think Energy
Think Clean 12
12 months
14.40¢
Atlantex Power
Luminous
12 months
15.17¢
BKV Energy
Verbena 12
12 months
15.29¢
Reliant Energy
Reliant Power On 12 plan
12 months
15.51¢
BKV Energy
Verbena Green 12
12 months
15.56¢

Shopping for a business? Jump to commercial rates.

Lowest Electric Rate in Memphis Today

Provider
Plan Name
Term
Rate
Think Energy
Think Clean 12
12 months
14.40¢
Rhythm Energy
Simply Select 6
6 months
14.83¢
BKV Energy
Verbena 36
36 months
14.94¢
Think Energy
Think Basic 6
6 months
15.00¢
BKV Energy
Verbena 24
24 months
15.06¢

Switch Electricity Providers in Memphis

Finding a new electricity provider in Memphis is simple with EnergyBot. Follow these simple steps to get the lowest electricity rate in Memphis.

Step 1: Shop Memphis electric companies and prices

Enter your zip code at the top of this page and you can quickly see plans from the top Memphis electric companies. For even better pricing use our data linking tool to pull in your historic usage from your utility.

Step 2: Review the plan details

Energy plans often have long confusing contracts. We don't like teaser rates and tricky terms, so we filter out the plans that trick customers into bill spikes. Each plan you see on our site has plan details. This breaks down the most important information about the plan into a way that is easy to understand.

Step 3: Confirm the switch to a new energy provider

Once you have decided on a new energy plan for your home business just follow the prompts to confirm. Once you're done, we give you dashboard to see the status of your contract.

Types of Energy Plans in Memphis

Memphis energy providers offer rates and plans with a range of options and terms. While you will see many types of plans for the most part they are in two categories: fixed-rate and variable rate.

Fixed-Rate Electricity Plans in Memphis

Fixed-rate plans will have a set price for the term of the contract. Regardless of weather, natural events, or market volatility, your rate will not change. In most cases, fixed-rate plans have a term length of 6, 12, 24, or 36 months. We recommend fixed-rate plans for most customers.

Variable-Rate Electricity Plans Memphis

Variable-rate plan rates may change on a monthly basis based on market factors. Variable-rate plans offer more flexibility but present more volatility in pricing. Price changes may impact your monthly electricity bill in the form of price hikes. In most cases, we do not recommend variable-rate plans.

Memphis Commercial Electric Rates

Rates updated daily

Provider
Term
Rate
AP Gas & Electric
1 month
6.25¢
NRG Energy, Inc.
6 months
6.86¢
AP Gas & Electric
6 months
7.07¢
NRG Energy, Inc.
6 months
7.09¢
Chariot Energy
6 months
7.27¢

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