Finding the best electricity rates in Texas can be a daunting task. With so many providers to choose from, and so many different options for electricity plans, it can be hard to know where to start. Fortunately, our team of experts at EnerGenie have put together a helpful guide to finding the best electricity rates in Texas. Electricity rates in Texas are based on a monthly fee, or tariff, which is determined by multiplying the kilowatt-hours used divided by the price per kilowatt-hour. The price per kilowatt-hour for electricity can range from 8 cents to 31 cents. Rates for certain residential types also vary.