Due to the high cost of housing, many Dallas residents either can’t afford to purchase a home or don’t want to deal with the hassle. The current average price of buying a home in Dallas is between $350,000 and $450,000, and that doesn’t include ongoing property taxes and HOA fees. Homeownership also requires time, money, and work to clean, maintain, and care for a home.
As an alternative, more and more Dallas residents are renting out apartments, condos, and duplexes. Depending on who owns the apartment building you’re living in, you’ll have to choose your own electricity plan and utility services. While this adds a little extra responsibility to your plate, choosing your own Dallas apartment electricity plan also offers the opportunity to save money.
Table of Contents
- Are There Special Electricity Plans for Apartments?
- How Much is Electricity in an Apartment in Dallas?
- Average Dallas Apartment Electricity Usage
- What's the Best Type of Dallas Apartment Electricity Plan?
- Should My Apartment Lease Term Match My Electricity Term?
- Can I Choose a Different REP Than the Rest of My Building?
- How to Choose the Best Electricity Plan for My Dallas Apartment
- ElectricityRates.com Dallas, TX Location
Are There Special Electricity Plans for Apartments?
Despite having different living accommodations and setups, there typically aren’t unique electricity plans just for apartments. In general, you can sign up for whatever electricity plan is available to other renters and homeowners in your area. You have this option because Dallas has a deregulated electricity and energy market. As a result, residents have the Power to Choose, meaning they can select their own electricity plan and provider, even if they live in an apartment.
How Much is Electricity in an Apartment in Dallas?
In the same way that there aren’t plans explicitly designed for apartments, Dallas apartment electricity costs the same as any other type of electricity. It isn’t any more challenging and doesn’t take more time for your provider to deliver electricity to your apartment, so there’s no need for an upcharge. On average, Dallas apartment electricity costs between 12.5 and 13.5 cents/kWh.
However, you can pay much less than that amount when you enter your ZIP Code into the free rate comparison tool at the top of the page. ElectricityRates.com will display all the best electricity plans in your area and their highly competitive rates. You can then choose the best and most affordable plan for your needs.
Average Dallas Apartment Electricity Usage
The key to choosing the right plan for your Dallas apartment is understanding how much electricity you use. Your usage will vary depending on the size of your apartment and how many people are living there with you. Here are a few averages for you.
- 1-bedroom apartment with one to two people = 500 to 650 kWh
- 1-bedroom apartment with three or more people = 650 to 800 kWh
- 2-bedroom apartment with one to two people = 600 to 750 kWh
- 2-bedroom apartment with three or more people = 750 to 900 kWh
On average, a Dallas apartment will use less than half the amount of electricity that a house does. This is because apartments usually have less square footage and fewer electronics and people than houses.
What’s the Best Type of Dallas Apartment Electricity Plan?
If you live in an apartment in Dallas, there are several different types of electricity plans to choose from. Here are some of the most popular.
Fixed-Rate Electricity Plan
If you sign a long-term lease and plan to live in your Dallas apartment for an extended time, a fixed-rate electricity plan may be preferable. Fixed-rate plans typically have a lower electricity rate but require you to sign a contract ranging from 1 to 3 years. However, this is an excellent option if you have no plans to move away.
Prepaid Electricity Plan
A prepaid electricity plan is an excellent option if you have a short-term or open-ended lease. Prepaid plans don’t require a long-term commitment or the signing of a contract. Therefore, if your lease runs out or you suddenly have to move, you won’t have to cancel your electricity plan and pay an early termination fee.
Green Energy Electricity Plan
Finally, you have the option of choosing a green energy electricity plan. Green energy electricity plans are where 100% of your monthly electricity bill goes toward the production and research of electricity from renewable resources.
Should My Apartment Lease Term Match My Electricity Term?
While your apartment lease doesn’t necessarily have to match the term of your electricity contract, it isn’t a bad idea. Many electricity providers will charge an early termination fee if you cancel your contract before the end of your term. You can circumnavigate this fee by keeping your current electricity plan when you move to a new apartment or keeping your current one.
You can also negate the possibility of an early termination fee by choosing a plan with a contract that expires before your lease is up. Then, you can either re-enroll in the plan or choose a prepaid option depending on how much time is left on your lease.
Can I Choose a Different REP Than the Rest of My Building?
Thanks to deregulation, you don’t have to choose the same electricity provider everyone else in your building has. Your provider might differ, but the same utility company will deliver and manage the electricity at your apartment building.
How to Choose the Best Electricity Plan for My Dallas Apartment
If you’re looking for the best Dallas apartment electricity plan, look no further than ElectricityRates.com. We’re an electricity plan comparison tool that you can use to find all the best plans and providers in your area and narrow down your options. Here’s how it works.
- Enter your ZIP Code into the free rate comparison tool at the top of the page.
- Browse the list of providers found in our marketplace.
- Examine the electricity rates, type of plan, and additional details of each plan.
- Once you find the best Dallas apartment electricity plan for your needs, complete the signup process 100% online.
We make choosing the right electricity plan quick and easy, and our only goal is to save you as much money as possible. Whether you’re living in an apartment short-term or long-term, we’re the electricity comparison tool for you.
ElectricityRates.com Dallas, TX Location
- Address: 2919 Commerce St, Dallas, TX 75226
- Phone: (972) 585-7858