As a Texas resident searching for low rates in the ONCOR area, you have the power to choose your electrical provider. You are at the advantage. Energy retailers in Texas constantly compete for your business by offering plans designed to cater to your household needs.
There's a lot of information out there to sort through. That's why we help break down energy plans and explain all the information you need to know when shopping for the best energy provider. The following information will help give you the resources you need to help make it easier for you to switch electricity companies in Texas.
Cheap Electric Companies in Dallas and TDSP Charges
Transportation Distribution Service Provider (TDSP) charges are what utility providers charge you for delivering power to your home. These rates over the wires, poles, meters, and other equipment used to deliver your power and are separate from your base energy charge.
If you live in Dallas, then ONCOR is your Transmission and Distribution Utility (TDU). The Public Utility Commission (PUC) of Texas has to approve the amount your TDU can charge you for energy distribution.
Current those rates are: TDU Delivery Charge: 3.135 cents per kWh TDU Delivery Charge: $3.42 per billing cycle
But what makes understanding TDSP charges so important, and what many people fail to understand, is that they are fixed costs. They are consistent on every electricity bill in dallas, regardless of the electricity provider. People often think these are just tacked on fees used to inflate bills, but actually they are fixed costs passed through to customers regardless of which electric companies in Dallas you use for energy. That means that to really find which electric companies are the cheapest, you have to focus on the energy charges listed in the fine print.
Cheap Electric Company Rates in Dallas
Now that we have explained TDSP rates, the second thing to consider is the type of electricity plans a customer can buy. Each plan will likely end up having different rate scales. There are three types of electricity plans you can choose from when selecting an energy plan that best fits your needs.
- Fixed: Lock in low energy rates for a period of months ranging from 9 ??" 36. Be aware that these contracts typically charge an early termination fee if you switch before your term ends.
- Variable: Month to month contracts with rates that vary. You won't have to worry about deposits or early termination fees, but rates can decrease or increase from month to month.
- Prepaid: You deposit money into an account that your energy company bills directly depending on your use. Keep in mind there are often daily charges with these plans. Rates typically change from month to month.
There are other kinds of plans, such as green plans, or plans that come bundled with things like Smart Thermostats, but for the most part, these three plans are the main three kinds of choices available.
Compare Dallas Electricity Rates
What Types of Contract Terms Can I Expect from Electric Companies in Dallas?
If you want to know the details about what to expect from a particular energy plan, then you should read the Electricity Facts Label (EFL). Your EFL will have specific details about your energy plan including the base charge for electricity, any additional fees, charges, and credits, and average rates for 500, 1000, and 2000 kWh of use per billing cycle.
While you should always look over you EFL before switching to a new electricity provider, you should also read the terms of service. It covers details about making payments, extra charges and fees, and other information you should be familiar with before making the decision to switch energy providers.
What Do Energy Plans Look Like in Dallas?
You can expect a wide-range of plans designed to cater to your household needs. Length: Prepaid, fixed rates, or variable rate plans Freebies: Free nights, Free weekends, A/C protection, Smart Thermostat, and bill credit plans Renewable: 100 percent green energy plans Bundled: No gimmick, straightforward pricing with set rates
What Is the Cheapest Electric Company in Dallas?
Depending on the type of energy plan you are looking for, you have a lot of options for cheap electricity in the ONCOR service area. If you want the cheapest 12-month, fixed rate plan, for instance, then these would be three options for you.
|Company & Plan||Term||Rate|
|Frontier Utilities - Best Value 12||12||5.7¢|
|Gexa Energy - Gexa Saver Deluxe 12||12||5.8¢|
|Spark Energy - Sure Saver 12||12||5.9¢|
|New Power Texas - Power of Credit 12||12||6.7¢|
|Pulse Power - Texas Saver 12||12||6.7¢|
|New Power Texas - Power of Credit 24||24||6.8¢|
|Pulse Power - Texas Saver 24||24||6.8¢|
|4Change Energy - Maxx Saver 12||12||6.9¢|
|Pulse Power - Texas Saver 36||36||7.0¢|
|New Power Texas - Power of Credit 36||36||7.0¢|
|Gexa Energy - Gexa Saver 12||12||7.2¢|
|Gexa Energy - Gexa Saver Supreme 12||12||7.3¢|
|4Change Energy - Easy Saver 12||12||7.9¢|
|4Change Energy - Free Energy 12||12||7.9¢|
|Frontier Utilities - Beat the Heat 12||12||8.4¢|
|Frontier Utilities - Easy Bill 12||12||8.9¢|
|4Change Energy - Value Saver 12||12||8.9¢|
|Constellation - 12 Month Usage Bill Credit + PowerPlug||12||8.9¢|
|Constellation - 12 Month Usage Bill Credit||12||8.9¢|
|Gexa Energy - Gexa Saver Select 12||12||9.0¢|
How To Best Compare Electric Rates in Dallas, TX
When Is the Best Time of Year to Shop for Dallas Electricity Plans?
The simplest answer is that you should shop while energy rates are low. Currently, we arere seeing some of the lowest rates for electricity in the ONCOR area right now. The key is to avoid changing providers when rates and demand are high, mainly in the months leading up to summer when providers are less certain about having access to energy to meet demands.
Know Your Dallas Electricity Usage!
If you want to know your electricity usage, there are two ways.
The easiest and best way to understand your annual usage is to gather together your old electricity bills (or check out your billing history on-line) and see how much you used each month over the past year. Pay extra attention to the amount you used in the summer months as they will likely be the most expensive.
If you do not have access to your old bills, then you'll need to learn how to read your Texas electricity meter. By learning how to read your dial, you can figure out your current energy use so you stay within your budget.
Why Does My Electricity Company Need to Know My Credit Score?
When you sign up for electrical service in Dallas, you will need to provide your social security number and your driver's license. You will also need to pay a deposit, depending on your credit. If you have a history of bad credit, then you will most likely need to put a larger deposit down. One away around that is to find a low deposit or bad credit option for energy in Dallas.
How Does Tier Pricing Work in Dallas?
A Tiered electricity plan in Texas allow you to pay a set rate for targeted range of energy use. Tiered rates are a good option if you have consistent energy use in your home and can keep it within the pricing tier that works best for your electricity budget. For most plans (though not all), you? will have three options for pricing:
- 1 - 1000 kWh
- 1001 - 2000 kWh
- 2001+ kWh
Typically, you receive a charge per tier. Meaning if you only use 999 kwh and the agreed rate for your plan is $83 for usage under 1000, then you will be charged $83 for energy use. If you use 1001 kWh, you wouldd pay the rate for the second tier in addition to the first. And once you move passed the second tier, you would pay a fixed rate per kWh for any usage over 2000 kWh.
How Do Green/Renewable Plans in Dallas Work?
If you're looking for a renewable energy plan in Dallas, then you have plenty of options. You will easily find them backlit by a green background on our website. Whatever plan you choose, know that the energy that goes into your home may not be renewable. However, energy retailers will purchase 100 percent renewable energy to offset your energy use.
Which Electricity Provider Is the Best?
If you are looking for the best energy provider in Dallas, then you will want a company that impresses its customers. Our review process combines data over 6000 customer reviews taken from multiple sources to create a list of the best Texas electric companies.
Why Is Reliant Energy the Highest Rated Provider in Dallas
Using a variety of data sources, we combine results and rate companies on a scale of 1 ??" 5 stars, 5 stars being the best. Currently, Reliant Energy ranks higher than the competition with 5 out of 5 stars. Gexa Energy follows with 4.88 stars and TXU with 4.87 stars. However, this could change over the course of the year, so it's important to check back in while you are shopping to see the best ranked electricity company in Dallas when you are ready to order electricity.
How Can I Switch Electricity Companies?
Texans have had the power to choose since 1999. And switching energy providers has never been easier. Here's what you do: 1. Enter your zip code in the box below. 2. Compare energy providers to find the best plan for your needs. 3. Read customer reviews for your energy company. 4. Switch providers using our secure check out by clicking 'Sign Up Now' next to the plan that interests you.
Compare Dallas Electricity Rates
One easy way to make find the cheapest energy plan for your needs is to use Plan Picker 3000. The tool allows you to search through plans. Fill out the search parameters and watch your options narrator to the select few that are best for you.
Electric Companies in Dallas, TX with No Deposit or Early Termination Fees
If you are already in a fixed-rate energy plan, then you'll have to pay a fee if you want to leave before your contract ends. One way to avoid that is to choose cheap early termination fee electricity. That way if you decide to end your contract early, you won't have to pay too high a price. However, if you do not want to ever worry about early termination fees, another option could be a No Deposit electricity plan, or Pre-Paid plan. These plans require customers to input a balance into their accounts and then re-charge the accounts when the money runs out. They typically have no contracts, so customers can pick a better electricity plan when a new deal presents itself. Currently, customers can look at the plans below which are great electric companies in Dallas, Texas with no deposit.
Dallas Electricity Rates FAQ's
Who has the best electricity rates in Dallas TX?
The current best electricity rates in Dallas are provided by Chariot Energy, Constellation Energy, Pulse Power and Gexa Energy. These fixed rate plans provide rate stability and the providers are ranked as top 10 providers based on TexasElectricityRatings.com rankings.
How much does electricity cost in Dallas?
The average cost for Electricity in Dallas is 7.5 cents per KwH for an average bill of $122.00 per month. Multiple factors can influence the rate and your electricity bill, including the term of your contract, your usage and your credit rating
Who provides electricity in Dallas?
Electricity in Dallas is provided and serviced by multiple retailers and delivered by Oncor Energy (The poles and wires company). Dallas residents have the option to choose thier electrcity provider, and can choose the price, plan term; 3, 6, 12 or 24 Months, Plan Type; Fixed or Variable rate type; fixed or Variable and Green Energy content; 0% to 100%. Fixed-rate plans offer plenty of stability and security with a set rate and set contract term. Variable-rate plans, change on a monthly basis based on market forces. Green Energy content reflects the amount of green generation such as wind or solar used to generate your electricity
Who has the cheapest electricity rates in Texas?
The cheapest electricity rate in Texas is currently around 6.5 cents per KwH. One of the benefits of living in Texas is a deregulated state. Energy deregulation is what gives residents the power to choose their energy plan and provider. It gives people the opportunity to find the best options and the lowest rates.