The nice thing about choosing a fixed, long-term contract is that your electric rates are more stable. This means that if there’s a sudden rise in energy you won’t find yourself responsible for a higher bill. However, you do need to realize that the opposite is also true: If electricity rates suddenly decrease, you’re locked into a contract and can’t switch to a lower rate plan without paying either a cancellation or early termination fee.
Most Dallas residents live in the Oncor Electric Delivery service zone for Dallas residents. Oncor serves more than 7.5 million customers and currently stands as America's sixth largest deliverer of electricity. When it comes to Dallas energy suppliers, though, consumers have a variety of choices. Choose Energy partners with only the best providers, such as TriEagle Energy, TXU Energy and Direct Energy. More choices help create competition among providers and better prices for the customer. The best way to find the most competitive rate is to shop and review a variety of the services offered by each provider. Click here to look for the best rates.
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.
Fixed-rate, long-term (contract) plans provide stability in electricity rates. If market energy costs suddenly trend upward where you live, you can rest assured that you won’t have to pay more out of pocket. However, if you want to switch to a different, lower-cost plan before the end of the contract term, you’ll likely have to pay a cancellation or early termination fee.