Chariot Energy vs Think Energy
Quick Verdict
Same wires. Same grid. Same electrons flowing to your house. The only real difference? Who sends you the bill and what they charge.
Since there's no major differentiator, this comes down to price. Check ComparePower for current rates.
8-Year Experience Gap
Think Energy: 15 years in Texas. Chariot Energy: 7 years. Companies don't survive 15 Texas summers by accident.
What Actually Differs
Chariot Energy and Think Energy deliver the exact same electricity through the exact same wires. The electrons don't care whose logo is on your bill. What differs: the price, the service when something goes wrong, and the fine print in contracts.
Who's Behind These Companies
Chariot Energy: Owned by Hanwha Group (via Hanwha Energy USA). 7 years in Texas—they've survived enough grid crises to prove they won't fold mid-contract. Based in Houston, Texas.
Think Energy: Owned by Energywell (backed by Oaktree Capital Management / Brookfield). 15 years in Texas—that track record matters when you're signing a multi-year contract. Based in Greens Farms, Connecticut.
What They Actually Sell
Chariot Energy offers fixed-rate, free-nights, free-weekends, green, solar-buyback, time-of-use. They sell "green" plans (mostly accounting—same electrons, but they buy renewable credits).
Think Energy offers fixed-rate, green, solar-buyback. They sell "green" plans (mostly accounting—same electrons, but they buy renewable credits).
The Money Part
Chariot Energy: Deposit depends on credit—expect $200-400 if your score is below 600.
Think Energy: Deposit depends on credit—expect $200-400 if your score is below 600.
The Honest Answer
Both are legitimate. Neither is a scam. The electricity is identical. What matters is: (1) who's cheaper for your actual usage, (2) whether you need to skip a credit check, and (3) if you care about green marketing. Scroll down to "The Verdict" for the quick answer. For actual rates, check ComparePower. Takes 2 minutes.
See how they compare on price
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Category Breakdown
15 years vs 7—8+ more grid crises survived
Both sell green plans—check who has actual renewable generation backing
6 plan types vs 3—more ways to optimize (or overcomplicate)
Rates change constantly. Check ComparePower with your actual usage.
Side-by-Side Comparison
| Feature | Chariot Energy | Think Energy |
|---|---|---|
| Parent Company | Hanwha Group (via Hanwha Energy USA) | Energywell (backed by Oaktree Capital Management / Brookfield) |
| Years in Texas | 7+ | 15+ |
| Headquarters | Houston, Texas | Greens Farms, Connecticut |
| Fixed-Rate Plans | ||
| Variable Plans | ||
| Prepaid Options | ||
| Green Energy | ||
| Free Nights/Weekends | ||
| Deposit Required | Conditional | Conditional |
| Credit Check |
Trust & Complaint Data ▼
Trust & Reputation
External ratings comparison
Trust Score is a weighted average: Google (40%), BBB (35%), Trustpilot (25%)
Complaint Comparison
PUCT Data • Jul-Dec 2025
Chariot Energy
Think Energy
Chariot Energy has 2.5 fewer complaints per 10k customers
The Verdict
- You want more green plan variety (check if they have actual renewable generation backing)
- You use power at night (pool pump, EV charging, night owl habits)
- You want options—6 plan types vs 3. More complexity, but more ways to optimize
- You want a company that's survived 15 Texas summers (Chariot Energy has 7)
- You want 100% renewable energy without paying a green premium
- You want a long fixed-rate lock--up to 60 months on solar plans
- You own a smart thermostat and want $10/month in bill credits through Think Smart
Done researching? See actual rates.
Chariot Energy or Think Energy — find out which one is cheaper at your address.
Frequently Asked Questions
Q: When should I choose Chariot Energy over Think Energy? ▼
You want more green plan variety (check if they have actual renewable generation backing). You use power at night (pool pump, EV charging, night owl habits). You want options—6 plan types vs 3. More complexity, but more ways to optimize.
Q: When should I choose Think Energy over Chariot Energy? ▼
You want a company that's survived 15 Texas summers (Chariot Energy has 7). You want 100% renewable energy without paying a green premium. You want a long fixed-rate lock--up to 60 months on solar plans. You own a smart thermostat and want $10/month in bill credits through Think Smart.
Q: What is the main difference between Chariot Energy and Think Energy? ▼
Chariot Energy wins on plan options. Think Energy wins on track record. Both deliver identical electricity through the same wires—the difference is pricing structure, customer service, and plan options.
Q: Is Chariot Energy or Think Energy cheaper? ▼
Anyone who answers this without knowing your zip code and usage is lying. The "advertised rate" is calculated at exactly 1,000 kWh—use 800 or 1,200 and the math changes completely. Both companies exploit this. Check ComparePower with your actual usage. Takes 2 minutes, and you'll see real numbers instead of marketing.
Q: Which company has been in Texas longer, Chariot Energy or Think Energy? ▼
Think Energy: 15 years. Chariot Energy: 7 years. Similar track records. Both have survived enough Texas summers to prove they won't fold mid-contract.
Q: Which is better for green energy, Chariot Energy or Think Energy? ▼
Both sell "green" plans. But "green" in Texas electricity means they buy renewable energy credits—it's accounting, not physics. Your electrons come from the same grid as everyone else. Want to know which has renewable generation backing versus just buying paper credits? Gexa has NextEra (the largest renewable generator in the US) behind them. Most others just buy credits. That's the difference.
Q: What types of plans do Chariot Energy and Think Energy offer? ▼
Chariot Energy: fixed-rate, free-nights, free-weekends, green, solar-buyback, time-of-use. Think Energy: fixed-rate, green, solar-buyback. Chariot Energy has more options (6 plan types vs 3). More options = more ways to optimize, but also more ways to pick wrong. If you just want simple fixed-rate power, ignore the complexity. If you have specific needs (EV charging at night, pool pump, work-from-home AC), the right specialty plan can save you $50/month.
Q: Which is better overall, Chariot Energy or Think Energy? ▼
Same grid. Same wires. Same electrons. The electricity is literally identical—the only differences are price, service, and plan options. Chariot Energy wins if you have solar panels and want multiple buyback rate options, not just one. Think Energy wins if you want 100% renewable energy without paying a green premium. For everyone else? Whoever's cheaper for your usage right now. Check ComparePower—it takes 2 minutes.
More Head-to-Head Matchups
See who wins when Chariot Energy and Think Energy face other competitors.
Featured In Best-Of Lists
See where Chariot Energy and Think Energy are featured in our category guides.
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