Rates differ from state to state, city to city, time of year, provider to provider… so how can a consumer know that they are looking at a good electric rate? There are many factors that have an impact on electricity rates. So, it’s important to have a good understanding of what those factors are and what you, as an electricity consumer need to look for in a ‘good’ electricity rate. Home vs. Business Rates For starters, are you a residential or commercial customer? If you’re using your electric service for your home, then in general expect to pay more per...
Whether consumers are interested in a Fort Worth energy plan that features green energy, a price-protected supply rate or is from a leading Texas REP, shopping around can help narrow the supply plan search. Although Fort Worth community members can sign up with a REP, they'll still keep in contact with Oncor – the area's transmission and distribution service provider (TDSP).
Companies across many industries use sales, promotions, and incentives to advertise and attract new customers — electric companies in deregulated states are no different. Many homes and businesses across the United States benefit from having the option to choose an electricity provider. Of course, after the initial 3-month, 6 month, 12-month plan, etc. contract has expired with one provider, a home or business can switch to another provider offering services in that area. Since switching electricity companies is fairly easy, most providers offer different types of incentives to try and attract a competitor’s customers. But first things first. Before we get...
Electricity rates in Texas are not fixed. Your rate can vary greatly depending on your usage and your electric plan. Some plans have relatively flat rates, while others can be all over the place. This means that you could end up paying 7¢ for 999 kWhs and 8.5¢ for 1001 kWhs. That would be a 16% increase because you microwaved a few potatoes. Learn more on the different plan types here.
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Since areas surrounding downtown – such as Sycamore and Northside – are mostly populated by families, homeowners might want to consider plans that will last for several years. Rather than switching REPs every few months, you can choose to stick with your preferred retailer for a longer period of time by opting for a long-term contract. Also, if you're looking to grow a relationship with your REP, you can research retailers based on their attention to customer care.