Understanding what you can expect to pay for each kWh of electricity you use is only the starting point of finding the best electricity rates in Dallas, Texas. You’ll also need to understand the terms they’re using, so that when you read through the contract you’ll actually know what they’re trying to convey about their electric rates. Some of the most commonly used terms energy providers use to tell you about their diverse energy plans, include:
Living in the Dallas metroplex area and being served by Oncor as your local electric utility means that you have the power to choose from among dozens of competing electricity providers. All of them offer multiple rates, contract lengths and discount offers. In addition, each provider has its own website designed to lead you through the maze of complicated offers, which are often filled with confusing EFL details, overlooked fine print, and introductory rates. As a result, many customers are still confused by legal terms and narrow usage level bill credits frequently used on electricity plans for marketing purposes. As a result, they often end up getting surprised by unexpected fees and missing out on potential savings on their electric bills.
Providers generally change their energy rates monthly to reflect their own costs for procuring electricity. This means that electricity rates follow a predictable pattern of rising and falling according to the seasons. Of course, weather and other emergencies can change this, electricity rates generally follow a predictable cycle. By using tools such as ElectricityPlans.com rate price trend, you can easily see historical rate patterns to determine if electricity rates might rise or fall in the Oncor delivery area.
Lantern Power finds the lowest electric rates for your Texas home and business. Lantern evaluates hundreds of offers from over 50 electricity providers to find the best electric rates for your home, and requests custom quotes for your business. There is no cost for our report and no obligation to accept our recommendation, but if you do, the electric company pays us - so it costs you NOTHING to leverage our expertise!
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.
Most Dallas providers offer fixed-rate and variable-rate supply plans. A fixed-rate plan provides price protection for the contract’s duration. A variable-rate plan might change from month to month depending on energy market changes. Both types of plans have pros and cons, so click here for an in-depth explanation of each. Many providers also offer green energy supply plans, a variety of term lengths, rewards programs, automatic bill pay and other customer perks.