Tucked away in the heart of northern Texas, there’s the small city of Irving. Irving is located just northwest of Dallas and slightly farther northeast of Fort Worth. Like most of the rest of northern and central Texas, Irving is a city with deregulated energy, which means that residents of the town can choose their electricity provider.

Although it’s great that Irvingites can select their own power provider, it’s also quite a headache. Despite its small to moderate size, dozens of companies provide electricity to Irving, which means hours of research to find the best one for you. This article will explain how electricity rates work in Irving, some of the power companies that service the area, and how to contact us at EnerGenie if you don’t want to waste your time doing research.

The current going rates for residential electricity in Irving, Texas, is between 12.5 and 13 cents/kWh. This means that the rates in Irving are very comparable to the rest of Texas. It also means that the rates in Irving are roughly one to two cents cheaper per kWh than in the rest of the United States.

Before getting too excited about 12 or 13 cents/kWh for electricity, it’s essential to understand how electricity rates work in Irving. Having this information, combined with our help, could mean that you pay closer to 10 cents/kWh for your electricity.

The most important thing you can know about electricity plans is that they have tiered rates. Here’s a table with an example of how tiered rates work.

For clarity, let’s use our imaginations and pretend that this plan is entitled Electricity 12, and it’s offered by Company A. According to this table, you pay for electricity according to how much you use. If you use more than 2,000 kWh, you only pay 13 cents for every kilowatt-hour of electricity. If you use between 1,000 and 2,000 kilowatt-hours, your rate jumps to 16 cents/kWh. If you use between 500 and 1,000 kWh, your rate goes up to 19 cents.

Because 13 cents/kWh is the lowest possible rate that Company A offers, it’s the rate you’ll see listed in big letters next to the plan and company name. What you won’t see, however, is the other rates that you’ll pay if you don’t use over 2,000 kWh of electricity. Companies like to hide these rates in the fine print of their plans, and the only way you’ll find them is with digging and research.

Because of how electricity rates are structured in Irving, you must know how much electricity you use per month. Or, you can contact us at EnerGenie. We’ll use your monthly power usage to find the best plan for your budget and usage pattern.

There are dozens of power companies that provide electricity to Irving, Texas, including the major players: TXU Energy, Reliant, Direct Energy, and more. However, you mustn’t lock yourself into the first plan with the first company you see an advertisement for. They might be suitable for other people, but that doesn’t mean they’re right for you.

In addition to fixed-rate plans, which are the plan of choice in Irving, you’ll also have flat-rate or prepaid plans.

A flat-rate plan is where you pay the same amount of money for your electricity every month regardless of how much you use. Essentially, you’ll sign up for a plan where you spend $200/month, for example, and that’s the amount you’ll pay whether you use 500 kWh of electricity or 2,500 kWh of electricity.

Be advised, however, that power companies aren’t going to go broke when they offer you a flat-rate plan. They research your monthly energy usage and customize the price of your plan to make sure that they end up making money off of you or breaking even at the very least.

Prepaid plans are growing in popularity in Texas. They work the same way as a phone or internet plan, where you pay for a set amount of data at the start of each month. With prepaid electricity plans, you’re paying for electricity instead of data, and you’ll pay the full price whether you use up your electricity or not. It’s essential to understand your monthly usage with prepaid plans because most companies have a surcharge fee if you go over your allotted amount of power.