Enter your zip code to compare Odessa electricity rates and electric companies.
This section highlights the average Odessa electricity rates for residential and commercial customers.
The Texas legislature approved energy deregulation in 2002, creating the path for competitive energy pricing and market. As a deregulated electricity market, the state’s retail energy companies would need to compete - against each other - for the millions of Texas residential and business customers. The goal of a deregulated, or competitive energy market, is to give the power to choose to the consumer – which forced Odessa electricity providers to be more efficient and lower costs – and offer improved customer service and lower rates to their customers. Going forward, the home and business customers of energy suppliers would have the ability to switch to a new energy provider (at the end of each contract) to maintain the advantage of the deregulated market.
Texas has had a very healthy market in the new era of competition under energy deregulation. Residents and businesses can shop for electricity plans from a wide array of energy suppliers and shop for the best rate available. This means less money in the pockets of energy companies and more for you.
How do you get the best deal on an electricity plan? We analyzed and digested hundreds of thousands of data points from utilities and suppliers and determined the most basic action you can take is to be proactive.
Simply by shopping, suppliers, and rates six months before your plan is set to renew can help you save 20% or more on your energy costs. Furthermore, we found that most customers, depending on market conditions and usage, are likely to save by switching electric suppliers every 12 to 24 months.
Odessa businesses can find big savings in the Texas energy market with just a little bit of due diligence. Since energy suppliers are forced to be more efficient and offer business energy plans with competitive energy rates, it’s up to you to compare and find the best plan.
But finding the right plan can be difficult. In Texas, rates change by zip code. And with dozens of commercial energy suppliers, that means sifting through hundreds of plans.
This has made comparing energy plans confusing due to the sheer number of plans available, promotional rates that are not apples-to-apples, and the legal fine print that details fees and penalties.
Commercial energy customers can maintain control over the process by reviewing their monthly usage and average monthly electricity bill.
If your average business electricity bill is less than $500 per month, then you can get a very good energy rate for your business through a simple online comparison of energy rates.
If your average commercial electricity bill is $500 or more per month, then you will most likely get a more competitive energy rate through a custom quote process. The custom process is exactly that – by providing basic business information, energy usage, and submitting a recent electricity bill – EnergyBot can leverage partnerships with suppliers to work on your behalf and secure the best energy rate for your business. Although it will take more time to complete, the custom quote process may deliver a lower energy rate that will add up to big savings for your business.
For Odessa businesses, researching energy rates and switching to a new electricity plan can be a hassle. EnergyBot is built to make energy simple and help businesses find the best electricity rate quickly and easily.
Along with saving time, EnergyBot also helps businesses cut energy costs by 15% for two reasons.
Renewable energy is becoming more and more viable every day. Several energy suppliers focus completely on green energy plans and even more suppliers offer partial green plans.
We are constantly finding new ways to give Odessa businesses and residents more renewable energy options. This includes solar, wind, hydro, and even geothermal energy solutions.
Residents in Odessa have long struggled with green energy developments because obtaining green energy in the area was too expensive. This made it difficult for residents to go green. However, in the last few years, multiple green energy suppliers have invested in the area, making use of solar panels to produce renewable energy. One such supplier is Chariot energy who offers residents 100% green energy plans as an alternative to more traditional electricity plans.
In addition to this, in 2019 the GCC signed a long term agreement with renewable energy suppliers for Odessa, which has further enhanced the availability for green energy for local residents.
Finding a new electricity provider in Odessa is simple with EnergyBot. Follow these simple steps to get the lowest electricity rate in Odessa.
Enter your zip code at the top of this page and you can quickly see plans from the top Odessa electric companies. For even better pricing use our data linking tool to pull in your historic usage from your utility.
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.
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.
Odessa 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 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 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.
Odessa is a city in Ector Country. It is primarily located in Ector County however, a small portion of the city is also located in Midland County. In 2010, it was estimated that the population was 99,940 people and grew to 120,568 in 2018, making it the 29th most populated city in Texas. Odessa is the principal city of the Odessa Metropolitan Statistical Area and was rated the third fastest-growing city by Forbes in 2014.
Founded in 1881, Odessa was a cattle-shipping hub as well as a water stop on the Texas and Pacific Railway. It opened its first store in 1885, which was a post office for the area. Odessa was incorporated in 1927 when oil discovered in the region, triggering an economic boom. Oil became a major selling point for residents and in just four years, the population increase from 700 residents to over 5000. Since the oil industry fluctuates often, the city has increasingly focused on its logistics and retail distribution.
Texas has one of the healthiest and largest economies in the United States, second only to California in size. In fact, if Texas were its own country, it would have the 10th largest GDP, beating out Canada and South Korea.
The 2.7 million small businesses in the state of Texas employ over 4.74 million people and added nearly 95,000 net new jobs, according to the latest SBA Small Business Profile. The economic growth in Texas has remained strong as the unemployment rate dropped from 4.1% to 3.8% in 2019.
As a result of the over reliance on the energy industry, the leaders of the city have made a significant investment in creating economic stability. Odessa formulated several plans to diversify away from the energy industry, including leveraging their location for logistic operations.
Odessa is located along Interstate 20 well as many major rail links throughout West Texas. The city is a stop on the Entrada al Pacifico trade corridor, which makes it perfect for distribution. In 2003, the city was home to the largest retail distribution center for Family Dollar and became a major retail hub for Coca-Cola in early 2007.
As well as a focus on logistics, Odessa's main enclosed shopping mall is Music City Mall, which includes a wide number of local and global companies. These include Dillards, JC Penney, At Home, Burlington Coat Factory, their own unique indoor ice skating rink, and CBS News.