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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.
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.
Dallas energy providers offer a wide variety of contract lengths, from month-to-month variable versions to long-term fixed rate contracts that can last for years. In addition, some may choose prepaid electricity plans to avoid credit checks and deposits. There is no single right contract that fits with every person’s lifestyle and budget. Choosing the type and length of your contract depends on how long you plan to stay in your home and your specific budget requirements.
You might be unsure about how to decide between a big signup bonus and a low rate. At this point, you need to think about the length of the contract you’re signing. Some companies offer variable Dallas electricity rates, while others want you to sign a one- or two-year fixed agreement. Whatever rate structure the company is advertising, think about the fact that you’ll have to pay this rate for the duration of your contract. And if you’re getting a great signup bonus, double check to make sure it’s worth the commitment.
As a small business owner in Texas, the last thing you need to worry about is your light bill. Luckily, Quick Electricity has partnered with the best commercial energy companies in Dallas, Fort Worth, Houston and 400 plus surrounding cities. Our energy providers include Green Mountain Electricity, Payless Power and Agera Energy. Electricity deals include free power in some cases. Email our energy professional for help in choosing the best, most affordable energy plan for your business and budget.
To enroll with an electric company, your credit history will be reviewed. Be sure to have your driver’s license number or social security number handy when completing your enrollment on the electricity provider’s secure site. Electricity companies have different credit requirements and change them periodically. At most, the electricity provider may request a deposit equal to two months of estimated billing.
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.
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.
Since the Texas legislature deregulated the retail electricity industry in 2002, millions of Texans have chosen to compare electricity rates and switch electricity providers. Giving electric choice back to Texans has been extremely popular, with an estimated 92% of residents having switched their own electricity plans. The ability to switch electricity providers has resulted in significant savings for many Dallas customers.
There are over 60 different energy suppliers competing for your business on any given day in Texas. Many of these electric companies have websites that are confusing and nearly impossible to navigate, their rates and fees hidden by dense industry jargon and misleading advertising. Who has the spare the time to sort through the choices spread out over all these different sites and companies?