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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.
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.
4. Know your current contract terms. Before you shop, know what you already have. (Surprisingly, most people don’t.) What’s your kwh rate? Check your electric bill. It may be higher than what’s available elsewhere. (In Texas, last week it ranged from 4.9 cents to as high as 13.5 cents.) Also call your provider and ask for the date your contract expires. Find out whether your rate is fixed or variable. Start planning a possible switch a month before a contract expires.
Consider pay as you go electricity as an alternative to a long term power plan. you’re looking to be frugal with electricity, prepaid lights are easier on the pocketbook. A common myth about prepaid electric is that it cost more than traditional postpaid service. This is false! In fact, when you prepay for your power, you’re getting cheap electricity with no deposit. Our featured prepaid electric provider, Payless, makes it easy to buy your power ahead of time. Conveniently pay by phone, online or at your local Moneygram location. Free daily usage updates are sent to by text or email putting you in charge of how much you pay for your electric. Prepaid electricity is the cheapest route for many Texans, especially those with poor credit, or those not wanting to enter into a fixed rate contract.
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Based in Houston, TX, Direct Energy operates as a residential energy retailer in 11 U.S. states and two Canadian provinces. As a wholly owned subsidiary of Centrica, plc, Direct Energy is now the largest residential energy supplier in North America. Various packages and plans are available to residential customers in Ohio, Illinois, Indiana, Michigan, Pennsylvania, Maryland, New Jersey, New York, Connecticut, Texas and Massachusetts.
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.
When you enroll in Wise Buy Conserve 12 Plus, our 12-month fixed price plan, not only will you get the same great price for a full year, but also the convenience of automatic payments and paperless billing. Usage Credit: $25 per billing cycle when usage is greater than 999 kWh and less than 2001 kWh. For new customers. Cancellation Fee: $200. PUCT# 10177
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.
Are you still browsing for Dallas energy options that align with your home's energy consumption? We've evaluated supply offers in your area from leading energy companies. Electricity rates in your neighborhood will vary, so make sure you understand what you're looking for. Shop for a supply rate based on company history, contract type and length, customer rewards and more.