Electricity Rates in Ransom canyon, TX
Ransom canyon, TX is in a deregulated electricity market with 3 providers available. The average residential rate is 12.0¢/kWh, 7.7% below the Texas average of 13.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Ransom canyon
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Lyntegar Electric Coop, Inc | 9.0¢/kWh | 7.0¢/kWh | Cooperative |
| South Plains Electric Coop Inc | 11.0¢/kWh | 10.0¢/kWh | Cooperative |
| Southwestern Public Service Co | 13.0¢/kWh | 9.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 12.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Ransom canyon
At 12.0¢/kWh, a typical Ransom canyon household spends approximately $1275.84/year on electricity. Solar panels could reduce this by 50–90%.
The federal solar tax credit covers 30% of installation costs through 2032.
EV Charging Costs in Ransom canyon
Charging an electric vehicle at home in Ransom canyon costs approximately $108.00/month at current rates, based on average driving habits (about 30 kWh per charge, charged daily). Compare to public charging prices at ChargeBuddy.ai.
Nearby Cities in Texas
Frequently Asked Questions
What is the average electricity rate in Ransom canyon, TX?
The average residential electricity rate in Ransom canyon, TX is 12.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $106.32 for a typical household.
Who provides electricity in Ransom canyon?
Ransom canyon is served by 3 electricity providers. South Plains Electric Coop Inc is the largest provider in the area, though rates and availability vary by specific address.
How do Ransom canyon electricity rates compare to the rest of Texas?
Ransom canyon's average rate of 12.0¢/kWh is 7.7% below the Texas state average of 13.0¢/kWh. Residents enjoy some of the lower rates in the state.