In 2002, the Texas legislature approved energy deregulation – paving the way for a competitive energy market. As a deregulated electricity market, 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 Midland 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.
For small and medium sized businesses to larger corporations, the deregulated market in Texas has flourished in the new era of competition. Today, every home and business can compare energy plans from top energy suppliers and shop for the best rate available – and then make the switch.
In an analysis of the energy data, most businesses can effectively reduce their monthly electricity costs by pro-actively researching providers and switching energy plans every 12 to 24 months.
If you are a business in the deregulated energy market of Midland, Texas, you now have the power to choose your electricity supplier and your rate. To compete for your business, energy suppliers are forced to be more efficient, as well as offer customer-centric business energy plans with competitive energy rates.
Even though you have the power to choose, it can still be a daunting task. In each specific zip code, today’s commercial customer will have hundreds of plans from at least 20 different energy suppliers to choose from. And although the intended result of deregulation was to lower prices for small businesses, medium businesses and larger enterprise level businesses, it’s not that simple. In many cases, comparing energy plans is still 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. A good rule of thumb to follow based on the amount of the monthly bill.
If your average business electricity bill is under $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 over $500 per month, then you will most likely get a more competitive energy rate through the custom energy 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 Midland businesses, researching Midland energy rates and switching to a new electricity plan can be time-consuming and frustrating. 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%. As a pure online company, we eliminate the costly overhead fees and sales commissions that are associated with third party energy brokers. The days of paying too much for electricity is over. EnergyBot is committed to giving you a real choice.
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 Midland businesses and residents more renewable energy options. This includes solar, wind, hyrdo, and even geothermal energy solutions. You can find out more about our green energy solutions here.
Midland has been growing its renewable energy footprint for the past 10 years by subsidizing solar panels and wind energy projects. In fact, Midland recently partnered with the Texas Tech University System to form the National Institute for Renewable Energy working to solve problems facing the wind power industry.
Finding a new electricity provider in Midland is simple. Follow these simple steps to get the lowest electricity rate in Midland.
Enter your zip code ad the top of this page and you can quickly see plans from the top Midland 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 and the Electricity Facts Label. 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.
Utilities are the entities in charge of the operation and maintenance of the energy infrastructure, like wires and towers. The local utility in Midland is responsible for transporting electricity from the generators to residential homes and businesses in this specific region.
Energy providers in Midland like TXU Energy and Cirro Energy are the competitive energy retailers. In Texas, these companies are called Retail Electric Providers (REPs).
Energy suppliers offer two different types of plans for residential and business customers: a fixed-rate plan or a variable-rate plan.
Fixed-rate – meaning that the rate will remain constant for the term of the contract. Regardless of weather, natural events like tornados, or market volatility, your rate will not change. In most cases, a fixed-rate plan will have a term length of 6, 12, 24, or 36 months.
Variable rate plans may change on a monthly basis based on market factors. Variable-rate plans offer more flexibility but also present more volatility in pricing which may impact your monthly electricity bill.
In almost every case, EnergyBot recommends a fixed-rate plan. If you are unsure on what plan is right for your feel free to contact us.
Known as the Tall City, Midland is the 24th largest city in the state of Texas with a population of 142,344 residents. Located midway between Fort Worth and El Paso on the Southern Plains, Midland covers an expansive area of 71.5 square miles.
The high rises scattered throughout the city gave Midland the nickname The Tall City. Currently, the 24-story Bank of America Building is the tallest building between Fort Worth and Phoenix. It stands at an impressive 332 feet tall. There’s also the Wilco Building built in 1958 with 22 floors and a height of 308 feet. These skyscrapers give Midland one of the most beautiful skylines in the state of Texas.
Midland also has a thriving art scene with Midland College’s McCormick Gallery located in the Allison Fine Arts building. They showcase the artwork of their students, faculty, and visiting artists. The Arts Council of Midland helps promote this gallery giving huge support from the community for these up and coming artists. There’s also the Museum of The Southwest which showcases a collection of paintings by members of the Taos Society of Artists and Karl Bodmer. This further builds the community’s support for their local art scene. It makes Midland a great place to visit for any art enthusiast or up and coming artists.
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.
Founded in 1884, Midland is home to a vibrant economy that primarily revolves around the oil and gas industry and local government jobs. This abundance of oil and gas jobs in Midland brought down the unemployment rate to just 2.1% in October of 2019, one of the lowest in the nation.
The oil and gas industry that helps Midland thrive is spread out throughout the county. They rank second in the state for production based on barrel of oil equivalents (BOE). Throughout the county there are 8,882 active wells that produce 1,603 BOE per day. In 2019 alone, these wells produced over 161.4 million barrels of oil and over 3.7 million mcf of natural gas. This huge boom of oil and gas in Midland county brought huge growth in pay for all workers ranking as the fastest growth in pay throughout the nation in 2018.
Midland is poised to continue its amazing growth as pay rates increase and unemployment rate decreases thanks to the booming oil and gas industry throughout Midland county.