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Fort Worth Electricity and How It Works
Thanks to deregulation, the Fort Worth electricity market is more competitive than ever. As a result, it can be next to impossible to find the best plan and rate for your home or business. There are more than 120 retail electric providers and over 500 electricity plans in Texas.
Because of how big and important Fort Worth is, most of these companies and plans are available throughout the city. Rather than getting overwhelmed thinking about the hours of research and comparisons you have ahead of you, contact us at EnerGenie. We make finding the best electricity plan with the lowest rate easier than ever.
If you’re curious about the Fort Worth electricity market or how EnerGenie works, keep reading to learn more!
Who Provides Electricity in Fort Worth?
Residential and commercial electricity gets provided by companies known as retail electric providers (REPs). REPs work together with power generating companies and utility companies to make sure that electricity makes it safely and effectively to wherever you need it.
While you purchase electricity from REPs, they typically don’t create or deliver the electricity to you. Rather, the monthly bill you pay them is for your electricity usage plus the cost it takes to create the electricity and deliver it. Essentially, you’re only sending money to one company, but you’re paying for the services of three of them.
Who has Cheap Electricity in Fort Worth?
The best way to find out who has cheap electricity in Fort Worth is to contact us at EnerGenie and let us work our magic. Electricity rates are like the stock market in that they’re very volatile and subject to unexpected change. Depending on the time of year, the cost to create electricity, the cost to deliver it, and a number of other factors, your rate could change.
However, EnerGenie finds an excellent plan and price for you and locks you into it so that you don’t fall victim to these sudden changes.
What are the Current Fort Worth Electricity Rates?
Currently, the average cost of Fort Worth electricity is 12.8 cents/kWh. This rate is the same as many other major cities in Texas and is roughly 11% lower than the national average. Although 12.8 cents/kWh isn’t a bad deal by any means, it may be possible to find something better and cheaper.
Best Fort Worth Electricity Plans and Rates
If you want to know the specifics about Fort Worth electricity rates and plans, here are some of the potential options.
| Plan Name | Plan Rate and Type | Going Rate |
| TriEagle Energy - Eagle 12 | 12-month fixed-rate | 10 cents/kWh |
| Champion Energy Champ-Saver 24 | 24-month fixed-rate | 10.2 cents/kWh |
| First Choice Power - You Got This! 24 | 24-month fixed-rate | 12.9 cents/kWh |
| 4 Change Energy - Maxx Saver Select 12 | 12-month fixed-rate | 14.9 cents/kWh |
| Payless Power - Easy Choice | Prepaid or Month-to-month | 19.7 cents/kWh |
| TXU Energy - Clear Deal 24 | 24-month fixed-rate | 14.9 cents/kWh |
| TXU Energy - Free Nights and Solar Days | 12-month fixed-rate with free nights and green energy | 17.9 cents/kWh |
These plans are only the tip of the iceberg when it comes to the number of possibilities there are in Fort Worth. In addition to these, there are hundreds of other plans to choose from. Many of them have hidden fees or tiered rates in addition to the listed rate you see above. However, the only way you’ll know about these rates and fees is by conducting extensive research into each plan.
Or, you could let EnerGenie find your plan for you. Our technology has the ability to see all the rates, fees, and charges associated with various electricity plans to ensure we choose the best one for you.
Fixed-Rate Plans
These plans are only the tip of the iceberg when it comes to the number of possibilities there are in Fort Worth. In addition to these, there are hundreds of other plans to choose from. Many of them have hidden fees or tiered rates in addition to the listed rate you see above. However, the only way you’ll know about these rates and fees is by conducting extensive research into each plan.
Or, you could let EnerGenie find your plan for you. Our technology has the ability to see all the rates, fees, and charges associated with various electricity plans to ensure we choose the best one for you.
Switching Fort Worth Electricity Plans and Providers
If you’re moving to Fort Worth and signing up for your first electricity plan in the city, the process is easy-peasy. However, if you currently live in Fort Worth and you’re tired of overpaying on your current plan, switching to a different one is slightly more challenging because of how your current contract is structured.
Because of how volatile the energy market is, power companies realize that they won’t always be able to offer the best prices all the time. Therefore, they lock you into contracts for terms of 12, 24, 36, 48, or even 60 months. While you can technically opt-out of these contracts at any time, there’s usually a hefty early termination fee.
Early Termination Fees
An early termination fee is exactly what it sounds like. It’s a monetary penalty that you incur if you get tired of your electricity plan and want to switch to a different one. These fees vary, but they usually range anywhere from $150 to $300 depending on the duration of your plan. Some of them are even set up so that you pay a certain amount of money for every month that you have left on your contract.
For example, if you opt-out of a 48-month contract with two years remaining and there’s a $20 per month fee, you’re facing an early termination fee of nearly $500.
When you switch Fort Worth electricity plans using EnerGenie, we’ll do everything in our power to mitigate the cost of early termination fees. If there are loopholes or ways around paying the fees, we’ll find them. If there aren’t, however, we’ll find you an electricity plan where the savings outweigh the cost of an early termination fee.
How to Find the Best Fort Worth Electricity Plan
The best way to find your next best energy plan is to compare all of the Fort Worth electricity rates using EnerGenie. EnerGenie is an electricity concierge service that finds, protects, and monitors your electricity plan for you. We have a series of smart algorithms and technology 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 will take care of the rest.
We consider 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 excellent electricity plan. Whether you’re moving to Waco or want to switch providers to save money on your power bill, contact us to start the process today!
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