In Texas, a transmission and distribution service provider (TDSP) is different from a retail electric provider (REP). While you can compare electricity rates through REPs, your TDSP is determined by where you live so you don't get to choose or change it. Oncor handles almost 120,000 miles of power lines and delivers electricity to homes and businesses. Also, the company assists about 10 million energy users in Texas.


If you don’t want to commit to a two year fixed-rate plan, then Gexa also offers the Gexa Saver Supreme with an energy charge of 12.5 cents per kWh. At 1000 kWh of usage, the average rate of this plan is only a penny more than Gexa Saver Supreme 24 or just 8.8 cents per kWh. But with those slightly higher rates, comes a much cheaper early termination fee of only $150.

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.

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!
Lantern’s founder, Elisa Kaplan, started her energy career in 1994 as a programmer for an energy software firm. She was responsible for creating a library of utility rates that allowed users to recalculate their bills and compare the results to what they were actually charged. This library offered electricity, natural gas and water/sewer rates from the smallest municipalities to the largest investor owned electric companies throughout the United States. The creation of this library resulted in an extraordinary understanding of how companies charge their customers. This evolved into a utility bill auditing service that successfully recovered millions of dollars in overcharges. The deregulation of the Texas electricity market in 2002 enabled additional savings recommendations to her many clients.

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.


With all this information in mind, you’re ready to search for the “right” electric company. Never settle for a company just because their name is familiar to you. This doesn’t mean that you can trust them to offer you low electric rates or that they’ll quickly restore your electricity if there’s an outage. (Remember, all electricity is delivered through the same company, so it’s up to this company to restore your electricity when there’s an outage). Instead, you’ll want to base your choice on things like pricing and the company’s customer service record. In this regard, you’ll want to learn about how many complaints people have made regarding the company you’re thinking of choosing. It may surprise you to find that some well-known Dallas electricity companies have poor scores, while companies you’ve never heard of before score quite well.

Most energy providers in Texas have planned for the increasing demand for power, creating 1 and 2 year energy plans that have the customers needs in mind. A fixed energy rate stays the same for the length of the contract preventing huge discrepancies on your end of the month bill due to fluctuating energy costs. This is great news for anyone moving to Texas or looking to switch providers during our hottest months. Snag a great fixed rate energy plan today and lock in the cheapest rate available. Some even come with free power weekends!
Final switch tips. When you make your final selection, don’t call your current electricity provider to cancel. Sign up with the new company only. Try to sign up at least five to seven days before your plan expires so the overlap between the two billing cycles is negligible. Some people switch too late and pay higher prices during the transition. If you have a smart meter, the state rule is you must be switched within 48 hours. But five to seven days is safer.

In Texas, a transmission and distribution service provider (TDSP) is different from a retail electric provider (REP). While you can compare electricity rates through REPs, your TDSP is determined by where you live so you don't get to choose or change it. Oncor handles almost 120,000 miles of power lines and delivers electricity to homes and businesses. Also, the company assists about 10 million energy users in Texas.
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There are over 7.1 million people living around the Dallas, Texas area today. This is because the area has quite a few companies offering very competitive electricity rates. This area is also a modern metropolis that’s full of great attractions like the Sixth Floor Museum at Dealey Plaza, which commemorates President John F. Kennedy’s 1963 assassination. There’s also the Arts District, where you’ll find the Dallas Museum of Art, the sleek Nasher Sculpture Center, and the Crow Collection of Asian Art.
In Texas, a transmission and distribution service provider (TDSP) is different from a retail electric provider (REP). While you can compare electricity rates through REPs, your TDSP is determined by where you live so you don't get to choose or change it. Oncor handles almost 120,000 miles of power lines and delivers electricity to homes and businesses. Also, the company assists about 10 million energy users in Texas.
Once you’ve signed up with your new energy supplier, you'll still communicate with your Dallas utility, or transmission/distribution service provider, on occasion. Oncor serves the Dallas area and responds to emergencies regarding damaged wires and power outages. Visit the Oncor website for outage updates, severe weather warnings and power interruptions in Dallas.
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