Since the Texas legislature deregulated the retail electricity industry in 2002, millions of Texans have chosen to compare electricity rates and switch electricity providers. Giving electric choice back to Texans has been extremely popular, with an estimated 92% of residents having switched their own electricity plans. The ability to switch electricity providers has resulted in significant savings for many Dallas customers.
Living in the Dallas metroplex area and being served by Oncor as your local electric utility means that you have the power to choose from among dozens of competing electricity providers. All of them offer multiple rates, contract lengths and discount offers. In addition, each provider has its own website designed to lead you through the maze of complicated offers, which are often filled with confusing EFL details, overlooked fine print, and introductory rates. As a result, many customers are still confused by legal terms and narrow usage level bill credits frequently used on electricity plans for marketing purposes. As a result, they often end up getting surprised by unexpected fees and missing out on potential savings on their electric bills.
Finding the Cheapest Electricity in Dallas
Instead of shopping around all day and hopping from one provider site to another, a more logical approach to compare electric rates between multiple companies just makes sense. Using the electricity search tools at ElectricityPlans.com, you can quickly compare electricity rates and plans apples-to-apples. We break down the actual details behind the rates to find out how they’ll affect your electric bill.
For most Dallas residents, finding the best electricity plan depends on two things: the desired contract length and estimated energy usage level every month or kWh used. Once you know those two figures, you’ll be able to find the electric rate that truly reflects the best savings for you.
Length of Contract and Rate Timing
Dallas energy providers offer a wide variety of contract lengths, from month-to-month variable versions to long-term fixed rate contracts that can last for years. In addition, some may choose prepaid electricity plans to avoid credit checks and deposits. There is no single right contract that fits with every person’s lifestyle and budget. Choosing the type and length of your contract depends on how long you plan to stay in your home and your specific budget requirements.
Providers generally change their energy rates monthly to reflect their own costs for procuring electricity. This means that electricity rates follow a predictable pattern of rising and falling according to the seasons. Of course, weather and other emergencies can change this, electricity rates generally follow a predictable cycle. By using tools such as ElectricityPlans.com rate price trend, you can easily see historical rate patterns to determine if electricity rates might rise or fall in the Oncor delivery area.
Knowing electricity rate price trend history is valuable information because the rate that you sign up for will be the rate you pay for the length of your contract. If you moved into your home in the summer and you find yourself renewing your electricity plan every summer, you may be paying some of the highest rates offered for power all year long. It might be worth the expense to sign up for a short term plan as a stop gap measure until electricity rates are cheaper once demand isn’t as high.
If you’re only going to be living in your current home or apartment for a short period of time, you may want to consider a 12 month plan which typically has better rates than shorter term plans. If you move during the term of your contract, you can either transfer your electricity plan to your new address (if possible) or cancel your contract. According to the rules of the Texas Public Utility Commission, your provider cannot charge you a cancellation fee if you provide proof of a change of address.
Average Monthly Usage
If you’re searching for the cheapest electric plans in Dallas, you’ll probably notice that providers offer three different rates for each plan. These rates represent the average rate you would pay for 500, 1,000 or 2,000 kilowatt-hours (kWh) per month. In Texas, electricity providers are required to display these three rates for each electricity plan in order to give customers a general idea of the rates for a given usage level.
See Why Does Texas Have 3 Electricity Rates? for more.
Check your current bill for the last few months to find out your average monthly usage and base your rate search on that usage level. For most Dallas residents, 1,500 kWh is about the average usage. The rates displayed by each provider are calculated based on a combination of energy rate and utility delivery charges. When you shop with ElectricityPlans.com, you can view the Plan Details and Pricing link next to each plan to determine how much you would pay for your electricity based on your actual usage for any given plan.
Once you determine the length of contract you need combined with your energy usage, you’ll be able to find the best electricity contract for your budget and lifestyle.
Dallas, Shop & Compare Electricity Rates
At ElectricityPlans.com, we’re here to help you find the best electricity plan to fit your needs. We believe that competition and your power to choose electricity results in cheaper electric rates and better customer service.
We’ve done the homework for you. By shopping with us to compare electric rates, you can quickly find the features of a plan that are important with our advanced search capabilities. You can also calculate your actual electric bills within pennies. No surprises!
We represent the most respected, reputable retail electricity providers in Dallas. Our providers offer a wide variety of great plans and maintain the highest levels of customer service. Our customers benefit by making well-informed decisions resulting in significant savings on their electric bills.
To get started, enter your zip code to find the cheapest electricity rates in the Dallas metro area.