If you live in the Dallas area and your utility is Oncor Electric Delivery Company, then you have the power to choose your electricity provider. There are several ways to shop for electricity. You can sort through direct mail advertisements that require you to call the company to find out the actual electricity rate. You can also listen to annoying telemarketing calls during your dinner hour. In this digital age, however, many of us prefer to shop online to find the best electricity rates.
Electricity rates in Texas are not fixed. Your rate can vary greatly depending on your usage and your electric plan. Some plans have relatively flat rates, while others can be all over the place. This means that you could end up paying 7¢ for 999 kWhs and 8.5¢ for 1001 kWhs. That would be a 16% increase because you microwaved a few potatoes. Learn more on the different plan types here.
Not understanding the system, I overpaid — but I quickly grew tired of that. I decided to educate myself. Eventually, I figured out a system. My Watchdog Nation Guide to Electricity Savings is built on the idea that companies should be judged two ways — by lowest rate and by company reputation. When the stars align, the right company is obvious. (Note: This doesn’t apply to customers in mandatory electricity co-ops or municipal-owned utilities.)
2Security and Home Automation Services are offered by NRG Connected Home LLC d/b/a Reliant, TXB19469, 1201 Fannin Street, Houston Texas 77002. Electricity services are offered by Reliant Energy Retail Services, LLC d/b/a Reliant, PUCT Certificate #10007. Both are wholly owned by NRG Energy, Inc. Terms and conditions apply. For complete terms and conditions, visit reliant.com/connectterms.
Moving to Dallas can mean a lot of changes, especially if you’re moving from out of state. You’ll learn to love Texas’ legendary hospitality, close proximity to world-class sports teams like the Dallas Cowboys, and all the cultural and historical landmarks throughout the area. Of course, you’ll also have to adjust to the hottest summer temperatures in the country and the infamous humidity. You can cool down a bit, though, because Texas has deregulated energy and that makes choosing the best energy company a lot easier.
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.