When choosing the right electricity plan in Dallas, there’s a lot you need to know. For starters, you should know that Dallas is home to a deregulated electricity market, which means you have the power to choose your own provider. As such, you are free to enroll with any specific power company, which is the case for many other parts of Texas.
However, although the power to choose your own REP is liberating, it can also be confusing because of how the Dallas electricity market operates. Therefore, if you need help to get a handle on how electricity rates and plans work in Dallas, you’ve come to the right place.
Table of Contents
- Are Dallas Power Rates the Same as Electricity Rates?
- Shop Dallas Electricity Rates
- How Much Are the Average Dallas Power Rates?
- Who Sets the Dallas Power Rates?
- Factors That Affect Dallas Power Rates
- What are the Peak Hours For Electricity in Dallas?
- All Dallas Electricity Rates
- What's the Best Way to Compare Dallas Power Rates and Plans?
- ElectricityRates.com Dallas, TX Location
Are Dallas Power Rates the Same as Electricity Rates?
The first thing you should understand about Dallas power rates is that they’re the same thing as electricity rates. The two terms are used interchangeably by electric companies in Dallas, and they both refer to how much your electricity costs. Electric rates in Texas are set in terms of cents/kilowatt-hour or cents/kWh, which refers to how many cents each kilowatt-hour of electricity costs.
Shop Dallas Electricity Rates
| Plan | Rate Per kWh At 1000kWh avg. usage |
|---|---|
| 4Change Energy Maxx Saver Select 24 24 Months | 11.4¢ Select |
| 4Change Energy Maxx Saver Select 12 12 Months | 11.4¢ Select |
| Frontier Utilities Frontier Saver Plus 12 12 Months | 11.4¢ Select |
| Rhythm Simply Select 6 6 Months | 14.0¢ Select |
| Constellation 12Mo Usage Bill Credit + A/C Protection 12 Months | 14.9¢ Select |
- 100% Renewable Sources
- A/C Protection Included
How Much Are the Average Dallas Power Rates?
The average power rates in Dallas are currently between 12 and 13 cents/kWh. However, thanks to the previously mentioned deregulation, the average electricity rates in Dallas are constantly fluctuating. While deregulation can result in unwanted high power rates in Dallas, it can also result in massive savings if you manage to find a plan while the rates are low. You can do this by entering your ZIP Code into the free rate comparison tool at the top of the page. We will then compile a list of your area’s best and most affordable Dallas electricity plans!
Who Sets the Dallas Power Rates?
In addition to creating a highly competitive electricity market in Dallas, deregulation also means that retail electric providers can set their own rates. Unlike in areas with a regulated market, the government has no say over how much electricity companies can charge for their services. Instead, it’s up to each individual REP.
Technically, this means that REPs in Dallas can charge upwards of 20 cents/kWh. However, because there are more than 100 REPs operating in Dallas, market competition helps keep electricity rates under control. In many instances, REPs will charge even less for their electricity than power companies do in regulated areas.
Factors That Affect Dallas Power Rates
While competition helps keep the Dallas power rates from getting too high, many other things also affect electricity prices. Some of these things will lead to high electricity rates, while others will result in low power rates.
The Time of Year
One of the most significant factors regarding electricity rates in Dallas is the time of year. Typically, electricity rates will be at their highest in June, July, August, December, January, and February. This is because people tend to use their heating and cooling appliances the most during these months, resulting in more electricity use, which translates to higher rates.
The Weather
The time of year plays such a dominant role in determining electricity rates because of the weather. When it’s extremely hot or cold outside, electricity rates will skyrocket because of increased use. However, extremely hot or cold weather also makes it more difficult for power companies to produce electricity, which also raises rates.
Cost of Electricity Production
Aside from the weather, the economy can also affect how much it costs to produce electricity. Whether it’s because of high inflation rates or energy shortages, many different things can make it more expensive for power companies to create electricity. Currently, the rates are as high as they are because of natural gas shortages combined with high inflation rates.
Type of Electricity You Use
While using green energy from renewable resources is great, this can also result in slightly higher electricity rates. This is because there isn’t always enough green energy to go around, which means higher electricity rates.
Who Your REP Is
Finally, the Dallas electricity company from whom you purchase your electricity will significantly affect your power rate. Remember, every electricity company can determine its own rates, and some providers take advantage of this by jacking up their rates in the middle of your contract. ElectricityRates.com is here to help you choose the perfect electric company in Dallas. To get started check out our list of top ranked Texas Electricity Providers. By combining 20+ data points on everything from product offering to customer reviews, a Provider Score funnels all the important factors for selecting a provider into one rating.
What are the Peak Hours For Electricity in Dallas?
The final thing that could affect your Dallas power rate is the time of day when you use your electricity. While this isn’t true of all electricity plans, some charge more at certain times of the day when electricity usage is at its highest. If you’re enrolled in one of these plans, it’s essential to know the peak hours for electricity usage in Dallas. Currently, the peak hours are from 1 PM to 7 PM on Monday through Friday and during sunlight hours on the weekends.
All Dallas Electricity Rates
What’s the Best Way to Compare Dallas Power Rates and Plans?
Because of how the electricity market operates in Dallas, finding a plan and provider where your electricity rates aren’t affected by the factors above is challenging. This is especially true if you try to find an electricity plan on your own. Rather than doing that, turn to the pros at ElectricityRates.com. We’re a free online electricity comparison service, and our only goal is to find you the lowest possible Dallas electric rates. Here’s how it works.
- Enter your ZIP Code in the free rate comparison tool at the top of the page.
- You can then enter your home address for a personalized recommendation based on your location, home size, and usage history.
- We’ll then display all the electricity plans in your area, starting with the most popular option and proceeding down to the bottom.
- You can filter through plans according to the company providing them, the rate, the type of plan, or other criteria.
- Once you find a plan, click the Select button to begin enrolling.
- The enrollment process is quick and can be completed in less than five minutes.
It is that simple! The entire process only takes a few minutes, which is significantly faster than manually comparing the 100+ REPs and plans in Dallas. Best of all, you can save hundreds of dollars annually by utilizing our free rate comparison service.
ElectricityRates.com Dallas, TX Location
- Address: 2919 Commerce St, Dallas, TX 75226
- Phone: (972) 585-7858