Electricity Rates in Dallas
Dallas is one of the biggest and most industrious cities in the great state of Texas. It’s home to the Cowboys, the Mavericks, and tons of other things including one of the most competitive electricity markets in the country. Dallas, like many other parts of Texas, has deregulated energy and electricity. As a result, there are dozens of electricity companies offering competitive plans and electricity rates.
If you’re at your wit’s end with trying to find an electricity plan that’s right for your family, you’ve come to the right place. You can read on to find out all there is to know about electricity rates in Dallas and how the plan you choose affects it. Or, you can contact us right now and start the process of choosing the best electricity plan in Dallas.
What are the Average Electricity Rates in Dallas?
As with all other parts of Texas blessed with deregulated electricity, the average electricity rates in Dallas are ever-changing. However, in the month of May, the average electricity rate in Dallas was 12.8 cents/kWh, which is slightly higher than most other parts of Texas.
If you live in Dallas and enroll in an electricity plan, your rate could be higher or lower than the city average. It all depends on the type of plan you choose, the terms of your plan, and what part of the city you live in. Dallas is a massive city with dozens of zip codes, and not all electricity companies operate in every single one of them. The best way to find out which companies and plans are available in your zip code is to contact us at EnerGenie.
Are Electricity Rates in Dallas Different From Other Areas?
For the most part, electricity rates and plans in Dallas are similar to other parts of Texas, if not slightly higher.
How do Electricity Rates in Dallas Work?
One of the main things that make it difficult to choose your own electricity plan is because of how the rates work. Regardless of what type of plan you sign up for, fixed-rate, variable-rate, flat-rate, or prepaid, it’s important to know the fine details of your plan. The devil truly is in the details when it comes to energy plans. Here’s what we mean.
One of the biggest ways that retail electric providers make money off of you, is because of tiered rates. Essentially, tiered rates are when your electricity rate goes up or down based on the number of kilowatt-hours of electricity you use. Here’s an example.
Let’s say that you sign up for an electricity plan with a listed rate of 11 cents/kWh, which is nearly 2 cents lower than the Dallas average. However, most energy companies base their listed rate on using 1,000 kilowatt-hours. What you didn’t notice when you eagerly signed up for your new electricity plan is that your rate jumps up to 16 cents/kWh if you use less than 1,000 kilowatts of electricity.
Not knowing the full truth, you do your best to save electricity by turning off the lights, not running your AC too much, and other things. At the end of the month, your bill comes in saying that you used 800 kWh of electricity. However, instead of your bill being $88 as expected, it’s $128. That’s $40 more than what you were planning to pay, which can quickly throw your budget out of whack. Because the plan you signed up for is likely for 12 to 36 months, you’re locked in with no way out.
To avoid these types of situations, EnerGenie uses your past electricity usage information to base your new plan on how much energy you use. We also know the different tiers and rates that different companies have so that we can make the best and most informed decision for you.
The second way that electricity companies make a killing off of you is with their hidden fees. In addition to paying for your electricity usage, there’s usually a delivery fee, a service fee, late fees, customer service fees, insufficient fund fees, restart fees, early termination fees, and the list goes on. EnergGenie knows all of these hidden fees within your plan so that you have a solid idea of exactly how much your monthly energy bill will cost.
Does My Type of Plan Affect My Electricity Rate in Dallas?
Another thing that makes choosing the right electricity plan with the best rate tough, is the fact that the type of plan you choose will affect your electricity rate. Here are the different types of electricity plans available in Dallas and how your rate could change with each one.
With flat rates, you often end up paying for more electricity than you actually use. Flat-rate plans are where you pay the exact same amount of money every month regardless of how much electricity you use. Typically, electricity companies use your electricity usage data from the past year and determine your flat-rate fee. However, they will figure the rate quite high to make sure they don’t give you free electricity.
With prepaid plans, you pay for your electricity at the start of each month before you use it. Rates are usually higher with prepaid plans and they aren’t always the best option if you want to save money.
Fixed or Variable-Rate Plans
Fixed and variable-rate plans usually have the best, but most competitive rates and plans. These types of plans are the ones that utilize tiered rates, so it’s important to know how much electricity you use per month when signing up for these types of plans.
How to Get the Best Electricity Rates in Dallas
If you’re feeling overwhelmed with the idea of researching the dozens of electricity companies and the many plans they offer, don’t be. EnerGenie is here to help! We have a series of smart algorithms and technology that’s designed to find the perfect electricity plan for your home or business. All we need is your zip code and some information about your home and energy usage and we take care of the rest.
We take everything into account including your budget, perks, and discounts offered by different companies, and whether or not you want a green energy plan. From start to finish, EnerGenie is the best and easiest way to find your next great electricity plan. Whether you’re moving to Dallas or simply want to pay less on your power bill, we’re here for you.
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