Budget Power vs Chariot Energy: Texas Electricity Head-to-Head
Budget Power offers 25 plans starting at 11.0c/kWh while Chariot Energy has 150 plans from 8.4c/kWh across all 6 Texas TDU service areas. Here is how their rates, terms, renewable options, and fees compare.
Rate Curve Comparison
Lowest average rate across all usage levels (10.2c/kWh vs 11.0c/kWh). Consistent pricing regardless of how much electricity you use.
Below 1,000 kWh, Budget Power tends to be cheaper. Above that, Chariot Energy has the edge.
Shows the best available all-in rate from each provider at 500, 1,000, and 2,000 kWh usage levels. The best plan may differ at each tier.
Best Plan Per Term Length
| Term | Budget Power Best Plan | Rate | Fee | Chariot Energy Best Plan | Rate | Fee | Winner |
|---|---|---|---|---|---|---|---|
| 6 Month | N/A | N/A | N/A | Bright Nights 6EFL | 10.8c | $15/mo remaining | Chariot Energy |
| 12 Month | No Gimmicks 10EFL | 11.0c | $100 flat | GridPlus 12EFL | 8.4c | $15/mo remaining | Chariot Energy |
| 24 Month | No Gimmicks 18EFL | 11.6c | $125 flat | Bright Nights 24EFL | 11.6c | $15/mo remaining | Tie |
| 36 Month | No Gimmicks 36EFL | 12.0c | $250 flat | Bright Nights 36EFL | 11.7c | $15/mo remaining | Chariot Energy |
Plan Type Breakdown
Budget Power
Chariot Energy
Cancellation Fee Comparison
Budget Power
Chariot Energy
Renewable Energy Deep Dive
Budget Power
Chariot Energy
Full Plan Tables
Which Provider Fits You Better?
Looking for the Lowest Rate?
Better fit: Chariot Energy
Chariot Energy has the lower advertised rate at 8.4c/kWh (1,000 kWh usage), compared to 11.0c/kWh.
Want a Long-Term Price Lock?
Better fit: Chariot Energy
Chariot Energy has the better option for locking in a rate on a 36-month contract.
Going Green?
Better fit: Chariot Energy
Chariot Energy offers more 100% renewable plans (144 vs 3).
Need Flexibility?
Better fit: Chariot Energy
Chariot Energy uses a per-month cancellation structure, so your fee decreases over time - making it easier to switch later.
These rates are based on 1,000 kWh average usage. Your actual savings depend on YOUR usage pattern.
WattTrim analyzes your real Smart Meter data to find the plan that saves you the most - across all providers, not just these two.
Always Free
Trim My BillFrequently Asked Questions
Is Budget Power cheaper than Chariot Energy?
Based on current plan data, Chariot Energy has the lower advertised rate, offering plans starting at 8.4c/kWh compared to 11.0c/kWh from the other provider at 1,000 kWh of usage. Your actual cost depends on your usage pattern and the specific plan you choose.
Does Budget Power offer renewable energy plans compared to Chariot Energy?
Budget Power offers 3 plans (12% of its lineup) at 100% renewable energy, while Chariot Energy offers 144 plans (96% of its lineup).
What are the cancellation fees for Budget Power vs Chariot Energy?
Budget Power charges $100 - $250 on its tracked plans, while Chariot Energy charges $15 - $150 (mixed fee types) on its tracked plans. Always review the Electricity Facts Label (EFL) for the exact fee structure before enrolling.
Which provider has more plan options in Texas, Budget Power or Chariot Energy?
Chariot Energy currently offers more plan options across the Texas TDU areas we track, with 150 plans compared to 25.
Can I switch from Budget Power to Chariot Energy?
Yes. Texas is a deregulated electricity market, so you can switch retail electric providers at any time. If you are still under contract with your current provider, check for an early termination fee before switching. New service with either provider typically starts within 1 to 5 business days of enrollment.