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How to Find a Plan with the Best Dallas Electricity Rates

May 10, 2016
by dmirza

Dallas electricity rates fluctuate on a daily basis, sometimes for the better, sometimes for worse. Because these rates are constantly changing, it’s important to understand the plan options you have available to you when choosing electricity plan in Dallas. These plans can have varying contract lengths, energy source content, and of course prices. While many of us just look for the best deal (lowest price), some of the finer details could change how enticing that low price might actually be.

Prepaid electricity plans work for those who have very strict budgeting guidelines and keep a good account of how much energy they use monthly. Because you’re limiting how much you’re spending per month on energy, Dallas electricity rates for these plans tend to be higher than other plans.How to Find a Plan with the Best Dallas Electricity Rates

Variable Rate Plans

These plans forego having a contract, allowing consumers to switch plans or even providers any time they wish. Sometimes these plans can have pretty decent rates, and other times not so much. The Dallas electricity rates for variable plans change every month, so your cost depends on the energy market.

Fixed Rate Plans

By locking in your rate for a length of time, you can potentially save a fair amount of money over a variable rate plan. This is especially true if you lock in a low rate just before winter or summer starts and energy consumption spikes. The best part about these plans is no matter how much the market changes, your Dallas electricity rates won’t change for the duration of your contract period.

Green Plans

Green energy plans use renewable energy sources like solar and wind power to supplement or replace coal and natural gas sourced electricity. The Dallas electricity rates for green energy plans tend to be a bit higher than nonrenewable energy plans of the same length, but they come with the knowledge that you’re benefiting the planet by using clean energy.

EFLs

Check the electricity facts label (EFL) of each plan you’re interested in. The EFL will break down the Dallas electricity rates of individual plans, showing you what portion goes toward purchasing electricity, distributing electricity, and all associated fees and charges. The EFL will also tell you where your electricity is sourced from, including what percentage comes from renewable energy sources.

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