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Check your current bill for the last few months to find out your average monthly usage and base your rate search on that usage level. For most Dallas residents, 1,500 kWh is about the average usage. The rates displayed by each provider are calculated based on a combination of energy rate and utility delivery charges. When you shop with ElectricityPlans.com, you can view the Plan Details and Pricing link next to each plan to determine how much you would pay for your electricity based on your actual usage for any given plan.
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.
Homeowners: There is so much more to comparing offers than looking at the average cost per kilowatt hour when exactly 500, 1,000 or 2,000 is used. The Public Utility Commission of Texas requires electric companies to provide these averages in their Electricity Facts Labels, but there are ways to manipulate the results to cause an offer to rank better on powertochoose than when the actual rate is applied to your actual usage. Lantern takes the time to request your usage history, then runs the numbers to find the rate that’s best for YOU and YOUR electricity use!
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.