In Fort Worth and other deregulated parts of Texas, the most common way to get power to your home or business is by signing up for a long-term fixed-rate electricity plan. On average, fixed-rate plans are around two years long but vary from 6 months to four years. However, not everyone is sold on them because of the long-term commitment requirement for fixed-rate plans.
If you’re one of these many Texans who want to avoid getting locked into a long-term contract, you should consider month-to-month electricity. Month-to-month electricity in Fort Worth is all the craze right now, especially with how many newcomers there are to the city. If you’re curious and want to know more about month-to-month electricity plans and whether or not it’s right for you, you’ve come to the right place.
Table of Contents
- Shop Fort Worth Electricity Rates
- What is Month-to-Month Electricity?
- Different Types of Month-to-Month Electricity Plans
- Do I Need to Sign a Contract With Month-to-Month Electricity?
- Is Month-to-Month Electricity in Fort Worth Right For Me?
- How to Choose the Best Month-to-Month Electricity Plan in Fort Worth
- All Fort Worth Electricity Rates
Shop Fort Worth 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
What is Month-to-Month Electricity?
Month-to-month electricity plans are where you commit to a power plan for a month rather than 6 to 36. Month-to-month electricity is great for those new to Fort Worth electricity and who need more time to do enough research to find a viable long-term option. As such, month-to-month plans are very prominent among new residents and those between plans.
Different Types of Month-to-Month Electricity Plans
While all month-to-month electricity plans refer to plans with a month-long commitment, there are two different types of monthly plans to choose from.
Prepaid Plans
Prepaid electricity plans are rapidly gaining in popularity. With this type of plan, you pay for your electricity at the start of the month before using it. This is the opposite of traditional postpay electricity plans, where you receive a bill at the end of the month. People seemingly love the idea of paying for their electricity upfront so that they don’t have to worry about getting a big bill at the end of the month.
The caveat with prepaid plans is that you must be very careful about your usage. If you use up all of your electricity before the end of the month, you could face a power outage or a steep upcharge for any additional electricity you need to purchase. It all depends on the terms and conditions of your provider.
Variable-Rate Plans
Next up, you can choose a variable-rate month-to-month electricity plan. With a variable-rate plan, your electricity rate doesn’t stay the same from month to month. Instead, your rate might be 10 cents/kWh, then jump to 20 cents the next month without warning. Because of how volatile variable-rate electricity plans are, they’re offered on a monthly basis, which means you can opt out and look for a new contract at the end of each month.
Variable-rate electricity plans offer the allure of potential savings due to rate drops. However, given the current economy and inflation, rates are far more likely to rise gradually rather than decrease. The key to saving money lies in understanding how the market works, when prices typically decrease, and being able to capitalize at the right time.
Do I Need to Sign a Contract With Month-to-Month Electricity?
Regardless of the type of electricity plan you want, you must always sign a contract. However, monthly and yearly contracts are structured differently, and here’s how they work.
Yearly Contracts
With a long-term fixed-rate electricity plan, you need to sign a contract and make a commitment that lasts for six months to three years, on average. If you decide that you don’t like your contract and want to terminate it before the end of your commitment, you will face early termination fees. These can cost anywhere between $50 and $500, depending on how much time is left on your contract.
Monthly Contracts
While monthly plans also require you to sign a contract, they don’t have early termination fees if you want to opt out early. For example, let’s say you sign up for a 12-month prepaid or variable-rate contract. However, after just two months of your plan, you find a fixed-rate plan with better rates and perks. If you want to sign up for the new plan, you can simply cancel your prepaid or variable-rate one, and you won’t have any early termination fees.
As such, month-to-month contracts are much more flexible and forgiving than long-term fixed-rate ones.
Is Month-to-Month Electricity in Fort Worth Right For Me?
While month-to-month electricity plans offer flexibility and forgiveness and are very easy to understand and apply for, they might not be right for everyone. The big drawback of month-to-month electricity in Fort Worth is that they tend to be more expensive than fixed-rate plans. They also don’t offer the same perks and rewards as fixed-rate alternatives, which is something to consider when selecting your plan.
Therefore, if you are new to Fort Worth, are between electricity plans, or are planning to move to a new location soon, month-to-month electricity is a great way to tie yourself over. However, if you’re settled somewhere you plan to live for the foreseeable future, fixed-rate electricity plans offer savings and stability that month-to-month electricity does not.
How to Choose the Best Month-to-Month Electricity Plan in Fort Worth
If you live in Fort Worth or the surrounding area, you’ll have dozens, if not hundreds, of electricity plans and companies to sift through. This includes a wide range of prepaid, variable-rate, and fixed-rate plans, and it can take days of your time to examine each one. That’s where ElectricityRates.com comes in.
We’re an electricity plan comparison company, and our only goal is to make finding your next electricity plan as easy as possible. All you need to do is go to our website and enter your ZIP Code into the free rate comparison tool at the top of the page, and we’ll display all of the plans you’re eligible for. We lay out each of these plans in a way that’s easy to read and understand, making it easier for you to make the right choice.
While choosing and monitoring your plan will still be up to you, we make the process as easy as possible. In addition to the rates of each plan, we also display the fine details, electricity facts label sheet, and overall reviews of the company in question. Using us to help you choose your next electricity plan, you can save hundreds of dollars annually!
All Fort Worth Electricity Rates