The Bad News: Earlier this year, Texas REPs, or Retail Energy Providers such as Frontier, TXU and Payless Power, were informed that energy prices will be high this summer. Electric Rates in major cities such as Dallas, Fort Worth, Houston, Corpus Christi and Waco are high across the board, making it almost impossible to believe a “cheapest energy” claim.
Lantern’s founder, Elisa Kaplan, started her energy career in 1994 as a programmer for an energy software firm. She was responsible for creating a library of utility rates that allowed users to recalculate their bills and compare the results to what they were actually charged. This library offered electricity, natural gas and water/sewer rates from the smallest municipalities to the largest investor owned electric companies throughout the United States. The creation of this library resulted in an extraordinary understanding of how companies charge their customers. This evolved into a utility bill auditing service that successfully recovered millions of dollars in overcharges. The deregulation of the Texas electricity market in 2002 enabled additional savings recommendations to her many clients.
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.
Residential and business consumers in deregulated energy markets have the power to choose their energy supplier. SaveOnEnergy.com® gives consumers the opportunity to compare suppliers and find energy plans that satisfy their needs and budget. Whether in a deregulated city in Texas, New York, Ohio or another state, you can shop for electricity or natural gas and find the best plan for you!
6. Conduct a thorough search. Go to this website: powertochoose.org. (If you don’t have an Internet connection, visit your public library and ask a librarian for help. Or ask a friend or relative to help you.) Enter your ZIP code and start searching. When you find an offer you like, make sure to go to the company’s website. Sometimes the company’s price might be cheaper than what’s shown on powertochoose.org.
Most Dallas residents live in the Oncor Electric Delivery service zone for Dallas residents. Oncor serves more than 7.5 million customers and currently stands as America's sixth largest deliverer of electricity. When it comes to Dallas energy suppliers, though, consumers have a variety of choices. Choose Energy partners with only the best providers, such as TriEagle Energy, TXU Energy and Direct Energy. More choices help create competition among providers and better prices for the customer. The best way to find the most competitive rate is to shop and review a variety of the services offered by each provider. Click here to look for the best rates.
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.
1. Legacy providers no longer rule. Get over the idea that original providers are the only companies that can offer solid, uninterrupted service. And don’t believe the fallacy that customers of legacy providers get serviced first when power goes out. Oncor Electric Delivery is responsible for maintaining the transmission system. Everybody uses Oncor to handle repairs in our region.
Most Dallas providers offer fixed-rate and variable-rate supply plans. A fixed-rate plan provides price protection for the contract’s duration. A variable-rate plan might change from month to month depending on energy market changes. Both types of plans have pros and cons, so click here for an in-depth explanation of each. Many providers also offer green energy supply plans, a variety of term lengths, rewards programs, automatic bill pay and other customer perks.