Looking for low electricity rates from the best energy companies in Dallas, TX? Don’t look any further. We review, compare and list Dallas’s most reliable electricity companies.
| Energy Companies | Plan Name | Term Length | Rate |
|---|---|---|---|
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4Change Energy Maxx Saver 12 | ||
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4Change Energy Free Energy 12 | ||
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4Change Energy Easy Saver 12 | ||
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4Change Energy Budget Saver 12 | ||
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4Change Energy Helpful Saver 24 | ||
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4Change Energy Generous Saver Plus 12 | ||
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4Change Energy Eco Saver Plus 12 | ||
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Payless Power SmarTricity Flex Saver | ||
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Payless Power SmarTricity Secure Saver 12 | ||
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TXU Energy Saver’s Choice 12 | ||
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Discount Power Wise Buy 36 | ||
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Cirro Energy Smart Lock Saver 36 | ||
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Gexa Simply Low 24 | ||
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Reliant Get More, Save More 36 | ||
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Green Mountain Energy Pollution Free e-Plus 36 | ||
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Direct Energy Live Brighter 36 | ||
|
Xoom Energy SureLock 36 Unbundled |
With more than 2.5 million residents, Dallas, Texas has many great attractions – including the AT&T Stadium and the Dallas Arboretum. There’s also a great choice of restaurants, shops, and electricity rates in Dallas, Texas too. This lends itself to a lot of competition between electricity providers, which is great for you as a consumer, because you can find the ideal plan.
Deregulating Electricity in Dallas, Texas
Since 2002 electricity in Dallas, Texas has been deregulated. With the passage of Bill 7 consumers have benefited from having the opportunity to choose their electric provider. What this means is there’s a competition for who can give you the cheapest electricity rates in Dallas, Texas today. It also means that providers need to offer competitive electricity rates so that they can stay in business. Of course, while consumers enjoy more control, everyone involved enjoys more flexibility.
A Look at Electricity Rates in Dallas, Texas
It’s important for you to know the average electricity rates in Dallas, TX for your home or business. Otherwise it’s likely that you’re paying too much money. It’s also impossible to shop for better electric rates in Dallas without this knowledge. With this in mind, here’s a brief overview of these prices:
- Businesses pay about 8.16¢/kWh, which is 19.13% less than the national average rate of 10.09¢/kWh.
- Manufacturers pay about 5.57¢/kWh, which is about 16.49% less than the national average of 6.67¢/kWh.
- Residents pay about 10.98¢/kWh, which is about 7.58% less than the national average of 11.88¢/kWh.
Understanding Terms From Electricity Companies in Dallas
Besides looking at various electricity companies in Dallas, Texas, it’s also important to understand the terms providers use when telling you about their electric rates. This is because energy providers use these terms to tell you about the diverse range of plans they offer. Some of the terms you need to be familiar with, include:
- Fixed rate plans lock you into a set price for a specified amount of time.
- Variable rate plans are also known as month to month plans, but they don’t have a fixed rate. Therefore, the amount you pay each month varies.
- Renewable plans support green energy from solar or wind power.
- Smart thermostats help you earn credits for using less electricity during specific times.
- Guaranteed price protection allow you to lock in your price and save money.
- Cash-back rewards offer a percentage of cash back on your electricity purchase.
- Introductory or promotional rates offered during the first month of service – watch these because they’ll turn into higher electricity rates at the end of the month.
Contract Lengths for Your Electric Rates in Dallas, Texas
There are a lot of different types of contracts offered by Dallas’ energy providers – ranging from short, monthly, no contract plans to long-term contracts. Both of these have advantages and disadvantages depending on your personal needs.
When choosing a fixed, long-term contract you’ll enjoy more stability in your electricity rates. So, if energy costs suddenly rise you won’t pay more money. However, since you’re locked into your contract you can’t switch to a different, lower-cost electricity plan before the end of your contract. If you do so, you’ll have to pay either a cancellation or an early termination fee to that electricity company.
On the other hand, monthly, variable rate plans don’t have you sign a contract so you don’t have to worry about cancellation fees. Also, if the cost of energy suddenly decreases you’ll enjoy paying less money.
Dallas: A Leader in Green Energy
Texas ranks number 5 in terms of states that use the most green energy. Dallas itself is one of the nation’s leaders of green energy consumption and number 10 in terms of jobs related to this industry. With all of this in mind, it shouldn’t surprise you that Dallas is ranked number 17 when it comes to the greenest cities in the United States. When you shop for electric rates in Dallas, Texas you’ll have plenty of options you can avail yourself to.
A Final Word About Electricity Companies in Dallas, Texas
Thanks to deregulation you now have a lot of say when it comes to electricity rates in Dallas, TX. It’s up to you to decide who will meet your needs. While it’ll take you some time to figure out what energy plan will work best for you, with some research you can decide what advantages to avail yourself to.
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