Savoy Electricity Rates
Instantly compare competing electricity company rates and energy plans in Savoy, Texas.
Rates for Savoy
Graham Griffin
This electricity rates guide for Savoy, Texas is current as of June 2026. Savoy is a city of 877 residents located in Fannin County, Texas. Savoy's electricity market is regulated, meaning residents are served by their local utility provider.
Guide by Graham Griffin
AboutSavoy
Did You Know?
Savoy was founded in 1888 when the Missouri, Kansas and Texas Railroad built through the area, originally named after the Savoy Hotel in London. The town quickly became a shipping point for cotton and grain from the surrounding Blackland Prairie, with the railroad depot serving as the economic heart of the community for over half a century.
In 2020, Savoy completed a major downtown revitalization project that restored several historic buildings along Main Street and added new sidewalks and period lighting. The project was funded through a combination of state grants and local fundraising efforts, bringing new businesses and renewed pride to the small community.
Savoy was the childhood home of country music songwriter Red Lane, who penned numerous hits for Merle Haggard including 'The Fugitive' and 'If We Make It Through December.' Lane grew up on a farm outside Savoy in the 1940s and often credited his rural Texas upbringing for inspiring his authentic country music lyrics.
Savoy is home to one of the last remaining original Missouri, Kansas and Texas Railroad depots in North Texas, built in 1902 and still standing today. The depot features the original telegraph equipment and waiting room benches, and local historians have discovered that it once served as a secret stop on a lesser-known route that helped runaway slaves reach freedom in the North during the Civil War era.
Every October, Savoy hosts the annual Pumpkin Festival, a tradition that began in 1995 when local farmers had an exceptionally large pumpkin harvest. The festival features pumpkin carving contests, hayrides through the surrounding farmland, and the famous 'Great Pumpkin Weigh-Off' where local growers compete to see who can produce the largest pumpkin, with the current record holder weighing in at over 400 pounds.
Savoy Electricity Rates
| Provider | Plan | Price | Term | Cancellation Fee | Type | Docs | |
|---|---|---|---|---|---|---|---|
 | APGE | APGE - SimpleSaver 15 Credits | 7.4c per kWh | 15 Mo | $250 | Fixed | |
| APGE | APGE - SimpleSaver 12 Credits | 7.5c per kWh | 12 Mo | $150 | Fixed | |
 | Just Energy | Just Energy - Smart Choice - 12 Credits | 7.5c per kWh | 12 Mo | $175 | Fixed | |
 | 4Change Energy | 4Change Energy - Maxx Saver Value 12 Credits | 7.6c per kWh | 12 Mo | $20/Mo remaining | Fixed | |
| 4Change Energy | 4Change Energy - Maxx Saver Value 6 Credits | 7.6c per kWh | 6 Mo | $20/Mo remaining | Fixed | |
 | Gexa Energy | Gexa Energy - Gexa Eco Saver Plus 12 Green Credits | 7.6c per kWh | 12 Mo | $150 | Fixed | |
 | Discount Power | Discount Power - Bill Credit Bundle 24 Credits | 7.6c per kWh | 24 Mo | $295 | Fixed | |
 | Frontier Utilities | Frontier Utilities - Frontier Saver Plus 12 Credits | 7.6c per kWh | 12 Mo | $150 | Fixed | |
 | Cirro Energy | Cirro Energy - Bill Bonus 24 Credits | 7.6c per kWh | 24 Mo | $295 | Fixed | |
| Discount Power | Discount Power - Bill Credit Bundle 12 Credits | 7.7c per kWh | 12 Mo | $150 | Fixed | |
| Cirro Energy | Cirro Energy - Bill Bonus 12 Credits | 7.7c per kWh | 12 Mo | $150 | Fixed | |
| 4Change Energy | 4Change Energy - Maxx Saver Value 24 Credits | 7.7c per kWh | 24 Mo | $20/Mo remaining | Fixed | |
| APGE | APGE - SimpleSaver 14 Credits | 7.7c per kWh | 14 Mo | $250 | Fixed | |
| APGE | APGE - SimpleSaver 15 Credits | 7.8c per kWh | 15 Mo | $250 | Fixed | |
| APGE | APGE - SimpleSaver 12 Credits | 7.9c per kWh | 12 Mo | $150 | Fixed | |
| Just Energy | Just Energy - Smart Choice - 12 Credits | 7.9c per kWh | 12 Mo | $175 | Fixed | |
| 4Change Energy | 4Change Energy - Maxx Saver Value 12 Credits | 8.0c per kWh | 12 Mo | $20/Mo remaining | Fixed | |
| Frontier Utilities | Frontier Utilities - Frontier Saver Plus 12 Credits | 8.0c per kWh | 12 Mo | $150 | Fixed | |
| Cirro Energy | Cirro Energy - Bill Bonus 12 Credits | 8.0c per kWh | 12 Mo | $150 | Fixed | |
| Discount Power | Discount Power - Bill Credit Bundle 12 Credits | 8.0c per kWh | 12 Mo | $150 | Fixed |
As a resident or business owner within Savoy, you can choose the electricity provider that best meets your specific needs.
Compare Power is a free consumer service started in 2009 to assist residents of Savoy shopping for their lowest-rate electricity plan.
These official rates are the identical prices you'll find contacting the electricity companies or visiting their websites.
Competing plans from several electricity providers are presented in a simple format that makes comparing your options simple and quick.
This helps Texas consumers avoid hidden fees and marketing gimmicks by comparing plans "apples-to-apples" without spending hours calling different energy providers or navigating dozens of different online sites.
Electricity Price Trends in Savoy
Energy in Savoy is deregulated. As an energy consumer, you can choose when to pick a retail electricity provider (your energy company), which gives you flexibility and power over your energy bills.
Deregulation of energy in Texas de-monopolized the electricity market for most of the state, the city of Savoy included, which introduced massive competition.
As a result, many fantastic energy providers compete for your business in Savoy by offering low rates, making it a great time to compare, switch, and save costs on your power statement.
As many as 65+ providers compete for your business in Savoy, with hundreds of plans to choose from.
Average Electricity Rates in Savoy
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The average residential electricity rate in Texas is 15.7¢, 13% less than the U.S. average.
EIA Electricity Rates - National Average (3 Year Trend)
Residential YoY
+7.6%
Commercial YoY
+7.5%
Industrial YoY
+12.1%
Source: U.S. Energy Information Administration
Data through January 2026 · Up to date as of June 13, 2026
EIA data is typically published 2-3 months after the reporting period. Recent months may not yet be available.
Got me the cheapest electric. Nice.
How to Find the Best Energy Plan in Savoy
#1 rule: Determine what your usage is!
Knowing the amount of electricity you will consume monthly is the best way to find a deal on power in Savoy. Why is this so vital?
The "price per kWh" you see power companies advertising is for an exact monthly usage (typically 2000 kWh).
Every plan uses a different calculation for how your monthly statement is calculated, and your monthly bill will be determined by how much power you use each month.
Unless you use the advertised amount each month, you will pay a "price per kWh" different than what you observed when you signed up.
Fortunately, there's a better way to choose your energy plan.
Calculating your expected monthly bill based on estimated monthly usage, then comparing rates by total monthly cost is the best way to shop for the lowest rate.
Better still, if you have 12 months of usage history for your household, you can compare plans by total annual cost. This annualized method considers the changes in usage between the summer and winter months and is the ideal way to discover the right electricity plan for your home.
Compare Power does all this math for you instantly. What could take you hours inside a spreadsheet is now solved in seconds.
We put the power in your hands, taking what would amount to hours of investigation, spreadsheets, and computations across hundreds of plans and assisting you step-by-step with the energy rate plan that's best for your household's usage.
We clarify the fine print, disclosing the various charges, so you'll know exactly where your money is going and what to anticipate on your bill.
We then help you enroll with your selected electricity company without ever having to leave our website.
The takeaway here is you should understand your expected or historical usage before selecting the right energy plan for your home.
If you don't know your usage, estimate
Suppose you recently purchased a home or business or cannot obtain 12 months usage history. In that case, you can always estimate your average monthly energy usage.
While not as optimal as having all the previous 12 months of usage, estimating your average usage is better than blindly choosing the first plan you see advertised by an electricity company at a specific usage that isn't what you'll consume.
Use Compare Power to find the best energy plan for your specific usage.
Moving to Savoy: Setting up Electricity
If this is your first time setting up electricity service in Savoy, you need to get the previous 12 months of energy usage for your new home to get the best rate.
Ask the previous homeowner to provide you with their past 12 months of usage.
This information is readily found in recent billing statements.
Acquiring usage for the past 12 months may take effort, but the time (and savings) will be well worth it.
Once you have historical usage, Compare Power will do the math instantly to help you find the best plan for your home's usage pattern.
Note: You can estimate your monthly usage if you can't obtain a usage history. Utilize our "Help Me Choose" tool when you enter your zip code below, and we'll help you evaluate your home's usage.
Sign-up for a plan instantly through Compare Power. We will remind you when it's time to return to switch and save at the end of the plan length you decide on.
Switching Electricity Companies in Savoy
Switching is good. Market conditions constantly change, so you must shop for a lower price each year when your contract expires.
Your existing energy company will typically raise your energy rate once your contract expires. If you fail to act, you'll be left on a month-to-month rate significantly higher than the plan you signed up for.
Before renewing your contract, check the rates of competing energy companies.
Switching can save you hundreds or thousands of dollars yearly on your energy bill.
Switching is easy:
- You don't have to contact your current company to cancel (no "break-up call")
- No one comes to your home
- There is no disruption in your power supply
- It takes just minutes
When you switch, your new electricity company will handle everything, including canceling service with your previous provider.
There is no loss of power when you switch. Electricity in Savoy is all delivered by the Oncor Transmission and Distribution Utility.
The wires and poles that deliver power to your home do not change when you switch electricity companies. Therefore the reliability of your service is not affected.
You can choose any date up to 14 days before your contract's end date without an "early cancellation" fee. That's Texas Law.
If you're still under contract, find out how many months remain on your contract. You can set a future start date with most companies up to 6o days in advance.
And even if you're well inside your contract, savings achieved on your monthly bill by switching providers may outweigh the fee of breaking your existing contract.
If you're ready to switch and would like to know how to find the best plan remember that understanding your usage is the best way to find the best rate.
Keep in mind that when you get ready to switch and you want to know the most efficient way to find the right plan at the best rate, it is essential that you first understand your usage. To accomplish that, you must collect the usage history for the past 12 months.
Savoy Energy Companies
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Looking for a great electric company in Savoy?
You can enroll for services with great electricity providers such as TXU Energy, Reliant, and Direct Energy.
Click on the provider of your choice to view rates, learn more, or sign up.
No-Deposit Electricity Plans in Savoy
If you need to find an energy plan in Savoy that requires no deposit, we can help.
If you are charged a deposit on your first plan selection, Compare Power will automatically show you other plans available without a deposit.
That saves you a lot of time and hassle. No more clicking around and calling electricity providers to determine if a deposit will be required.
Working for you, we will instantly review any deposit obligations for other plans, allowing you to get power and return to your regular activities stress-free.
Learn how to get no-deposit lights.
Deposit Waivers
You may be eligible to have the deposit waived if you meet one of the requirements from the Texas Public Utility Commission §25.478 - PUCT §25.478.
Savoy Business Energy Rates
If you manage a company in Savoy, you're not alone.
Savoy has become a thriving place for many small to mid-sized companies. The town is small enough to get to know people and thrive, yet close enough to large metropolitan cities that provide even more growth opportunities.
You need to compare prices from competing providers to lower your electricity costs.
Compare Power bridges the gap between your business and energy providers by inviting various energy companies to compete for your business in a sealed bid process.
You enroll your information on Compare Power, and the companies will present their bids. You pick the cheapest rate. Simple, quick, and easy.
Click here to get competing quotes for your business electricity.
Savoy Utilities
Electricity
To learn more about smart meters or to download your electricity usage, visit .
To report an issue with your electricity service or power outages in Savoy, visit the or call them at .
Gas
Call or visit Savoy's official city website for gas service in Savoy to determine who your provider is.
Waster/Sewer/Garbage/Recycling
In Savoy, the City of Savoy usually handles water, garbage, sewer, and recycling services.
Other Utility Service Areas in Texas
Not in the Oncor Service area? Search low electricity rates by service area and local utility company.
Click on your Texas Distribution Utility (TDU) below to compare electricity rates in your service area.
- CenterPoint
- Oncor
- Texas-New Mexico Power (TNMP)
- AEP Texas North
- AEP Texas Central
- Sharyland Utilities
View Electricity Prices for Zip Codes in Savoy
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View Electricity Prices for Cities Near Savoy
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Savoy Electricity Rates FAQs
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