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The Good News: Many electric utility providers in Texas want your business! You have the power to choose from so many energy deals for new customers. Quick Electricity was created to offer customers the most affordable energy rates in Texas. We’ve built relationships with the best power companies and offer only the most reliable, honest, transparent electric plans.
7. Pick your poison. Deeper in the website you see a search box along the left side. Under “Plan Type,” a recommended pick is fixed, but you can also choose a variable or an indexed market rate. (The Watchdog likes fixed since market conditions can grow volatile.) Under “Price,” type in a range from 4 cents to 12 cents. That’s a good spread. Pick a contract length. Fill out the other boxes. Then hit “Refresh Results” on the bottom. Keep trying different combinations to see what the prices are that day. They change often.
Consider pay as you go electricity as an alternative to a long term power plan. you’re looking to be frugal with electricity, prepaid lights are easier on the pocketbook. A common myth about prepaid electric is that it cost more than traditional postpaid service. This is false! In fact, when you prepay for your power, you’re getting cheap electricity with no deposit. Our featured prepaid electric provider, Payless, makes it easy to buy your power ahead of time. Conveniently pay by phone, online or at your local Moneygram location. Free daily usage updates are sent to by text or email putting you in charge of how much you pay for your electric. Prepaid electricity is the cheapest route for many Texans, especially those with poor credit, or those not wanting to enter into a fixed rate contract.
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.
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.