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What is the Average Cost of Electricity in Fort Worth

Updated: 12/19/2023

Knowing the average electricity cost in Fort Worth is essential in choosing the right plan. You see, Fort Worth is home to a deregulated electricity market, meaning city residents can choose their plan and provider. Therefore, if you know what the average cost of electricity is, you’ll see if you’re choosing the right plan or if you’re overspending.

This article will explain everything you need to know about average electricity rates in Fort Worth and how to choose the right plan. We’ll also discuss who to turn to for the best electricity rates in the city and how to calculate your future electricity bill.

If you want to skip to the good part, simply enter your ZIP Code into the free rate comparison tool at the top of the page. We will then display all of the top plans in your area with the best rates, some of which are well below the average cost in Fort Worth.

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Texas
Best Electricity Rates
ProviderPlan NameLengthRate Per kWh
At 1000kWh avg. usage
Sign Up
Discount Power
PUCT# 10177
Bill Credit Bundle 24
24 Mo.11.5¢Select
4Change Energy
PUCT #10041
Maxx Saver Select 24
24 Mo.11.5¢Select
4Change Energy
PUCT #10041
Maxx Saver Select 12
12 Mo.11.5¢Select
Constellation
PUCT #10014
12Mo Usage Bill Credit + A/C Protection
12 Mo.14.4¢Select
Rhythm
PUCT# 10279
Simply Select 16
16 Mo.14.5¢Select
PlanRate Per kWh
At 1000kWh avg. usage
Discount Power
Bill Credit Bundle 24

24 Months
11.5¢
Select
4Change Energy
Maxx Saver Select 24

24 Months
11.5¢
Select
4Change Energy
Maxx Saver Select 12

12 Months
11.5¢
Select
Constellation
12Mo Usage Bill Credit + A/C Protection

12 Months
14.4¢
Select
Rhythm
Simply Select 16

16 Months
14.5¢
Select
  • 100% Renewable Sources
  • A/C Protection Included
See All Plans

Average Electricity Rates in Fort Worth

Despite having one of the country’s most competitive electricity markets, Fort Worth’s electricity rates are higher than the national average. The current average going rate for residential electricity in Fort Worth is around 15 cents/kWh, and the average for commercial electricity is 8.5 cents/kWh.

Commercial rates are lower than residential ones because of the high amount of kWh that businesses use. Since they would likely go broke if they had to pay the same amount as residential customers, they receive a steeply discounted rate.

Average Electricity Usage in Fort Worth

Once you know the average electricity rates in your area, the next step to calculating your electricity budget is to understand the average electricity usage. Because of their size differentials and different needs, the average usage differs for residential and commercial customers.

Residential Usage

In Fort Worth, residential customers use an average of 1,750 kilowatt hours of electricity per month. That comes out to an average annual usage of 21,000 kilowatt-hours.

Commercial Usage

As we said, commercial properties and businesses in Fort Worth use way more electricity than houses, apartments, and other residential properties. On average, a Fort Worth business will use around 8,000 kWh of electricity each month, which amounts to 96,000 kWh annually.

Average Cost of Electricity in Fort Worth Per Month

When you put together the average rates and usage of residential and commercial electricity, you can calculate the average cost. For residential properties, the average cost of electricity in Fort Worth is around $260 per month and $3,120 per year. It’s $680 per month and $8,160 per year for commercial customers.

However, by choosing the right plan and understanding the factors that affect electricity costs, you can save big bucks on your Fort Worth electricity plan.

Factors Affecting the Cost of Fort Worth Electricity

Because Fort Worth has a deregulated electricity market, electricity doesn’t always cost the same amount. Here are a few factors that can drive electricity prices up or down accordingly.

Time of Year

The time of year plays a huge factor when it comes to electricity rates. During the spring and fall months – March, April, May, September, October, and November, electricity rates are at their lowest. This is because people are using less electricity to heat or cool their homes and businesses, which means less use and lower rates.

In addition to the time of year, the time of day also affects the cost of electricity in Fort Worth. Many REPs have unique “time-of-use” plans where electricity is cheaper at specific parts of the day than at others. For these types of plans, electricity will be the most affordable during the hours of 9 PM through 7 AM because people traditionally use less power at these times.

Usage Amounts

The main reason the cost of electricity is lower at certain times of the day and year is because people use less power during those times. However, usage also plays a role within your plan.
Most fixed-rate electricity plans use tiered rate systems where your price fluctuates according to your usage. For instance, if you use 2,000 kWh or more as opposed to less than 2,000 kWh, your rate could decrease by up to 5 cents/kWh. At the same time, however, your rate could go up by 5 cents/kWh if you use less than 1,000. It all depends on your plan’s terms, conditions, and pricing structure.

The Economy

Most of Fort Worth’s electricity comes from fossil fuels, so the economy plays a big role in electricity rates. When gas and oil prices are high, it means that electricity is going to cost more.

Current Events

In addition to the economy, current global events can also impact electricity rates. With the recent conflicts between Russia and Ukraine and the Israeli war, electricity rates have skyrocketed, and they may continue to do so.

How to Save Big on the Best Electricity Plan in Fort Worth

As you can see, there are a lot of things that can affect your electricity rate and plan. Choosing the right plan is the best way to save money on your electricity costs in Fort Worth. However, because there are hundreds of plans to choose from, making the right decision is extremely difficult. If you want to rest assured that you’re making the right choice, turn to ElectricityRates.com and follow the steps below.

  • Enter your ZIP Code into the free rate comparison tool at the top of the page.
  • Browse the list of provider options on the following page.
  • You can filter your search according to the type or length of plan you want. You can even get a rough bill estimate according to the square footage of your home.
  • Once you find the right plan, select it and proceed with the signup process.

We make signing up for a new electricity plan as quick and easy as possible. We also pride ourselves on displaying all the information you need to make the right decision in a way that’s easy to read and understand. ElectricityRates.com is a free electricity comparison tool, and our only goal is to save you as much money as possible.

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