Southlake is an affluent city in Tarrant and Denton counties. Thanks to Texas's deregulated electricity market, residents here can shop for their own electricity provider rather than being locked into a single utility. That means you can compare dozens of plans and providers to find the rate that fits your home's usage and budget.
Southlake is one of the highest-income cities in Texas, meaning residents often have newer, larger homes with higher-than-average electricity usage. Finding an accurately matched plan matters more here than anywhere.
There are two types of electric companies that work together to power your home in Southlake:
Oncor Electric Delivery is responsible for maintaining the power lines, transformers, and grid infrastructure that deliver electricity to your home. You cannot choose your utility company — it's determined by your address. Oncor handles all outages and grid maintenance regardless of which provider you choose. To report a power outage or downed power line, contact Oncor at 888-313-4747.
Your electricity provider is the company you choose to buy power from. They set your rate, manage your billing, and handle customer service. In Southlake, you can choose from dozens of retail electricity providers competing for your business — which is what keeps rates competitive in Texas's deregulated market.
Fixed-rate plans lock in your price per kWh for the length of your contract, typically 6 to 36 months. Your rate won't change with the market, giving you stable, predictable bills. These are the best choice for most Southlake homeowners who want to budget their energy costs without surprises. The tradeoff is an early termination fee if you cancel before the contract ends.
Variable-rate plans change monthly based on wholesale electricity market conditions. There's no long-term contract, so you can switch anytime without a penalty. The risk is that rates can spike significantly during high-demand periods — particularly summer months in Texas. Variable-rate plans work best as short-term coverage between fixed contracts.
Prepaid electricity plans let you pay for electricity in advance without a credit check or deposit. You monitor your balance and reload as needed rather than receiving a monthly bill. These are a good fit for renters, short-term residents, or anyone who wants tighter day-to-day control over their energy spending.
Most electricity providers in Southlake offer plans backed by 100% renewable energy — typically wind or solar sourced from Texas's grid. These plans have become increasingly price-competitive with conventional options and are worth comparing alongside standard fixed-rate plans when you shop.
