If you live in the Dallas area and your utility is Oncor Electric Delivery Company, then you have the power to choose your electricity provider. There are several ways to shop for electricity. You can sort through direct mail advertisements that require you to call the company to find out the actual electricity rate. You can also listen to annoying telemarketing calls during your dinner hour. In this digital age, however, many of us prefer to shop online to find the best electricity rates.
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.