When it comes to finding the best electricity plan for your needs, there are many things to consider. For most people, the first and most important thing they evaluate is the electric rate. The rate will determine how much you pay for electricity each month and is essential if you’re trying to stick to a budget.
However, while affordability is one of the most important things to consider when choosing an electricity plan in Dallas, it isn’t the only thing. You’ve come to the right place if you need help to toe the line between affordability and quality. This article will examine whether or not cheap plans are the best choice and how to find the best electricity plans in Dallas.
Table of Contents
- Is Cheap Electricity Different Than Expensive Electricity?
- Shop Dallas Electricity Rates
- Are Cheap Electricity Plans Good Plans?
- Which Electricity Companies Have the Lowest Rates in Dallas?
- Why Is There Such a Price Disparity Between Electricity Plans?
- Things to Consider Besides Price
- All Dallas Electricity Rates
- How to Find the Best Cheap Electricity Plans in Dallas
- ElectricityRates.com Dallas, TX Location
Is Cheap Electricity Different Than Expensive Electricity?
The first thing you need to understand about electricity in Dallas is that it’s all the same quality. Compared to other products, you aren’t going to receive electricity that’s better or higher quality just because it’s more expensive. Instead, all electricity in Dallas is generated either by renewable resources, nuclear energy, or fossil fuels. The quality of electricity between these sources is the same, and it often doesn’t affect your rate.
Shop Dallas Electricity Rates
| Plan | Rate Per kWh At 1000kWh avg. usage |
|---|---|
| 4Change Energy Maxx Saver Select 24 24 Months | 10.3¢ Select |
| 4Change Energy Maxx Saver Select 12 12 Months | 10.3¢ Select |
| Frontier Utilities Frontier Saver Plus 12 Plan 12 Months | 10.5¢ Select |
| APG&E True Classic 6 6 Months | 13.3¢ Select |
| Constellation 12Mo Usage Bill Credit + A/C Protection 12 Months | 13.9¢ Select |
- 100% Renewable Sources
- A/C Protection Included
Are Cheap Electricity Plans Good Plans?
While cheap electricity doesn’t mean you’re getting lower-quality electricity, it could mean that you’re signing up for a bad plan with a bad company. However, that most certainly is only sometimes the case. The only way to know if cheap electricity plans in Dallas are bad is to dig deeper into the details of the electricity plan and the company providing it. Only then will you know if you’re getting your money’s worth regarding Dallas electricity.
Which Electricity Companies Have the Lowest Rates in Dallas?
Because of how the Dallas electricity market operates, there’s no guarantee that the company with the lowest rates today will have the lowest rates tomorrow. Between the economy and fluctuating energy prices, electricity rates are as unstable as ever. In general, however, here are some of the Dallas electricity companies that tend to have the lowest rates.
TXU Energy
Constellation
Reliant Energy
Direct Energy
Rhythm
GoodCharlie
Why Is There Such a Price Disparity Between Electricity Plans?
Like many other cities and areas in Texas, Dallas has a deregulated electricity market. This means that electricity rates and plans aren’t monitored or regulated by the government, and anyone who wants to can start their own retail electric provider. Because prices aren’t regulated, these REPs can set their own electricity rates and design electricity plans as they see fit.
While this freedom of competition is mostly a good thing, it results in some massive disparities in terms of electricity rates. Some companies advertise rates as low as 10 cents/kWh, while others have rates in the 20s. However, as strange as it might sound, there’s no guarantee that the 10-cent electricity plan is that much cheaper than the 20-cent one.
Things to Consider Besides Price
As we said before, the electricity rate is one of the most important things to consider when choosing an electricity plan. However, there are other things to consider because of how plans are designed. On top of that, there’s no guarantee that the plan with the lowest listed rate is actually the cheapest! Here are a few other things to consider besides price when comparing cheap electricity plans in Dallas.
Tiered Rates
Most people think that the most important thing to consider when considering an electricity plan’s price is the listed rate. What they don’t realize, however, is that the listed rate is often based on using 2,000 kilowatt-hours of electricity. You’ll usually pay a much higher price when you use less than this amount because electricity companies use a tiered-rate system.
Thanks to tiered rates, REPs can disguise expensive electricity plans as cheap ones. Here’s an example.
Let’s say you see an electricity plan with an advertised rate of 10 cents/kWh. Unfortunately, this rate is based on using a minimum of 2,000 kWh of electricity. If you use less than 2,000 kWh, your rate jumps to 15 cents/kWh. Even worse, if you use less than 1,000 kWh, your rate skyrockets to 20 cents/kWh.
Because of how tiered rates work, it’s essential to understand your average monthly electricity usage and to choose a plan based on your usage. It’s also important to know your plans’ different tiered rates and select an option with small price gaps between the different tiers.
Customer Service
No matter how good your electricity service is, you’ll need to contact customer services at some point. Therefore, it’s important to check customer reviews and choose a REP with excellent customer service.
Perks and Benefits
It’s become standard practice for REPs to sweeten their electricity plans with perks and benefits. You should always check the details of any prospective plan to ensure you can benefit from the bonuses the plan is offering.
Hidden Fees
Unfortunately, in addition to perks and benefits, most REPs also have hidden fees within their contract. It’s essential to understand these fees and how much they are to determine if it’s worth signing up for the plan.
All Dallas Electricity Rates
How to Find the Best Cheap Electricity Plans in Dallas
Even if you know the type of plan you want, the benefits you’re looking for, and the company you wish to enroll with, the hard work is just beginning. If you live in Dallas, finding the best electric company can be difficult because you have dozens, if not hundreds, of electricity plans to sift through. That’s where ElectricityRates.com comes in.
We’re an electricity plan comparison company, and our goal is to make finding your next electricity plan as easy as possible. We offer a personalized recommendation tailored to your average monthly electricity usage needs to help you compare Texas electricity rates and find a plan that fits you. We lay out each of these plans in a way that’s easy to understand and compare with other plans, making it easier for you to make the right choice. Enter your ZIP Code into the free rate comparison tool at the top of the page to get started!
ElectricityRates.com Dallas, TX Location
- Address: 2919 Commerce St, Dallas, TX 75226
- Phone: (972) 585-7858