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.
Constellation’s 12 Month Usage Bill Credit offers cheap early termination fee electricity in Dallas. This plan’s energycharge is 8.9 cents per kWh. The TDU also adds the $3.49 per month and 3.4 cents for each kWh on top of that rate. But just like the other two plans, customers are eligible for a bill credit. When you use 1000 kWh in a billing period, you’ll receive a $35 bill credit. You’ll receive another $15 when you hit 2000 kWh of usage in a single month. The result is a low average rate of 9.2 cents per kWh for 1000 kWh of energy use.
8. Study the results. For the selection cited above, several dozen companies recently offered rates in that range. Remember that the lowest rates could come from a company with a poor reputation, but more on that later. Contract lengths varied from one to 36 months. Each service plan comes with links to “Terms of Service,” “Facts Sheet,” “Signup” and “Special Terms.” When you click on these, you learn the nitty-gritty details. Many companies have minimums about the amount of power you must use, or you pay more. Carefully look for language about other fees.

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!

1. Legacy providers no longer rule. Get over the idea that original providers are the only companies that can offer solid, uninterrupted service. And don’t believe the fallacy that customers of legacy providers get serviced first when power goes out. Oncor Electric Delivery is responsible for maintaining the transmission system. Everybody uses Oncor to handle repairs in our region.


Electric choice is beneficial because energy shoppers can find a supply plan to suit their lifestyle. Do you live in University Park, Highland Park or North Dallas? Families could look into options that provide stability and a price-protected supply rate. Different energy companies in Dallas might offer energy-efficient products such as a renewable energy plan or smart thermostat.
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.

The city of Dallas is poised to reap huge benefits from a transformation in how energy is distributed. That’s because there’s a will and a way to get consumers savings on their electricity bills through the use of a competitive market. Texas is already ahead of the game on energy. It’s known for having plenty of oil, but it’s also got a rapidly growing renewable sector. Now, consumers can save on their monthly bills by switching to a retail electricity provider that offers lower rates.
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.
1. Legacy providers no longer rule. Get over the idea that original providers are the only companies that can offer solid, uninterrupted service. And don’t believe the fallacy that customers of legacy providers get serviced first when power goes out. Oncor Electric Delivery is responsible for maintaining the transmission system. Everybody uses Oncor to handle repairs in our region.

What can be better than cheap electricity from a reputable Texas energy company? Gexa Energy’s Gexa Saver Supreme 24 plan has an average of 8.7 cents per kWh for 1000 kWh of usage. The plan’s energy charge is12.4 cents per kWh but that cost lowers significantly if you use between 1000 – 2000 kWh in one billing cycle because you’ll receive a $75 bill credit.
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.
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.

First Choice Power has been certified as a retail electricity provider in Texas since 2001. Offering many types of plans, First Choice Power also makes a point of supporting the communities it is a part of. Across Texas, First Choice Power invests in hunger relief programs and offers grants to local organizations making a difference in their communities.
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.
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