Comparing electricity plans in Dallas means more than just looking at plans to find the lowest rate. Be sure to take a look at each plan's Product Details to get a better idea of what each one entails. These fact sheets are more than just supply rates per kWh and term lengths; they include information on base charges, utility fees and cancellation fees. They also can include features such as usage credits, green energy products or even free weekends.
Providers generally change their energy rates monthly to reflect their own costs for procuring electricity. This means that electricity rates follow a predictable pattern of rising and falling according to the seasons. Of course, weather and other emergencies can change this, electricity rates generally follow a predictable cycle. By using tools such as ElectricityPlans.com rate price trend, you can easily see historical rate patterns to determine if electricity rates might rise or fall in the Oncor delivery area.
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.