In 2002 Bill 7 was passed and electricity in the area became deregulated. This means that residents in Dallas, Texas can shop for an electricity provider of their choice. As such, you’ll have the ability to choose who you get your electricity from and how much you’ll pay for it. Of course, this means that there’s now competition in this area for who can provide you with the cheapest electricity rates. At the same time, you’ll enjoy more control over your electric bill. Together everyone will benefit from greater flexibility.
Not understanding the system, I overpaid — but I quickly grew tired of that. I decided to educate myself. Eventually, I figured out a system. My Watchdog Nation Guide to Electricity Savings is built on the idea that companies should be judged two ways — by lowest rate and by company reputation. When the stars align, the right company is obvious. (Note: This doesn’t apply to customers in mandatory electricity co-ops or municipal-owned utilities.)
Some consumers use the Texas powertochoose website to search for electricity deals. The problem with powertochoose is that it has to display all offers submitted by any licensed retail electric provider. As a result, you have to sort through a confusing array of hundreds of offers from suppliers of varying quality. Furthermore, some Texas electric companies are notorious for optimizing their rate plans on powertochoose to look more appealing than they actually are.
Shopping wisely for electricity means more savings for your household. But there are a lot of options out there, and it can be confusing. Luckily at www.TexasElectricityRatings.com, we do the hard work for you. Remember to always read a plan’s Energy Facts Label (EFL) before you decide. Visit us to find out more on how to for more information on how to shop for a new Dallas electric supplier before you make the switch.
Even when you think you’ve found the best Dallas electricity rates there’s still one more thing you’ll want to look at: Make sure the energy company doesn’t charge you if you don’t use a specific amount of electricity (usually 800 – 1,000 kWh per month). If anything, you’ll want to choose a company that offers you a discount for exceeding this amount. You just need to be careful to make sure that you don’t end up paying for electricity you don’t use. This is just one of the fees you need to watch for though. Other things that you may pay extra for, include:
Unlike with long-term plans, monthly, variable rate (no-contract) plans have no cancellation fees. You won’t have to pay a penalty if you decide to take your business elsewhere because you found a better deal. Plus, you won’t be left paying more than you should if the market rate for energy trends down. However, if the market prices rise, you’ll have to pay more than those who are in-contract.