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.
You can organize and shop by pricing at YOUR individual usage level, which allows you to shop and compare energy plans based on the rates you’ll actually see appear on your bill, inclusive of taxes and hidden fees. You won’t be misled by the “teaser rates” tied with higher usage levels that many homes never experience, as their usage level never reaches that pricing tier.
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.
Shopping wisely for electricity means more savings for your household. But there are a lot of options out there, and it can be confusing. Luckily at www.TexasElectricityRatings.com, we do the hard work for you. Remember to always read a plan’s Energy Facts Label (EFL) before you decide. Visit us to find out more on how to for more information on how to shop for a new Dallas electric supplier before you make the switch.
Even when you think you’ve found the best Dallas electricity rates there’s still one more thing you’ll want to look at: Make sure the energy company doesn’t charge you if you don’t use a specific amount of electricity (usually 800 – 1,000 kWh per month). If anything, you’ll want to choose a company that offers you a discount for exceeding this amount. You just need to be careful to make sure that you don’t end up paying for electricity you don’t use. This is just one of the fees you need to watch for though. Other things that you may pay extra for, include:
Unlike with long-term plans, monthly, variable rate (no-contract) plans have no cancellation fees. You won’t have to pay a penalty if you decide to take your business elsewhere because you found a better deal. Plus, you won’t be left paying more than you should if the market rate for energy trends down. However, if the market prices rise, you’ll have to pay more than those who are in-contract.