Compare and save on electricity in Colleyville. Vault electricity has been helping people in Colleyville Texas save on electricity for over a decade. Here you will find the list of top electric companies in Texas along with their cheapest electricity rates. We’ve complied this information for you all in one place in an easy to use format for comparing rates and finding the plan that works best for your needs.
Dangers of Power To Choose Electricity Rates
There are a lot of “too good to be true” electricity plans advertised on television and radio for Colleyville. Our team are experts at spotting plans that aren’t what they seem. There are some companies that we won’t list because they haven’t met our standards of honesty, stability, and transparency.
There are also electric plans we will not list because they aren’t what they seem. We do this to protect the thousands of people who rely on us every month to find a great deal on electricity. If a plan looks too good to be true, it probably is – and we won’t allow it on our site.
By entering your zip code above, you will see a complete list of electricity plans available for the Colleyville area along with the electricity rates, special features, cancelation fees, contract lengths, and other plan information. Electricity rates in Texas change often. Our free electricity rate comparison tool is updated in continuously.
Featured Electricity Rates In Colleyville, Texas
Electricity Plans have EFTs – What Are They?
If you want to skip all of the marketing language to understand what is really going on with an electricity plan, you need to read the plan’s EFL. You should never sign up for an electricity plan without first reading through the Electricity Facts Label. Don’t worry, it’s a short document. It’s usually only about a page long with the most important stuff near the top.
Colleyville electricity providers must make an EFL available for each plan they sell and update the document every time rates are updated.
Competition in Texas encourages electric companies to innovate when they are designing electricity plans. For the most part, this innovation is a positive for electricity consumers. But it does sometimes make it harder to compare one plan with the next.
Comparison is made a little bit easier by the fact that all ETFs contain average rates for 500, 1000, and 2000 kWhs. However, the calculations that make up these rates can be very different from one plan to the next.
The EFL will contain the calculation used to determine your electricity bill each month. You should look for any fixed cost monthly bill charges. These charges will drive up the average electricity rate if you use a comparatively small amount of electricity. That’s a big part of the reason that rates for 500 kWhs are almost always higher than rates for 2000 kWhs.
You should also watch out for disappearing bill credits. They kick in once you use a certain amount of electricity in the month but could disappear again if you use a still greater amount.
The EFL will also contain information about cancellation fees, contract lengths and other plan details.
Top Colleyville Electricity Rates From Each Provider
|The Lantana 15
|Frontier Saver Plus 24
|Gexa Eco Saver Plus 24
|Maxx Saver Select 24
|Smart Simple 12
|Sure Value 36
|Autopay Texas 12
|Green Mountain Energy
|Pollution Free e-Plus
|Clear Deal 12
|Maxx Saver Select 12
|Gexa Eco Saver Lite 12
|Veteran Energy Valor 36
|Reliant Power On 12
|Rate Lock 12
For a more detailed realtime rate comparison enter your zip code at the top of the page. Our rate comparison tool lets you see all providers and rates. You can filter by term length, usage level, green energy plans, no deposit plans and get you them most up to date pricing. The rates listed above are for the 1,000 kWh usage level. More Information on any of these plans >>>
Interesting Facts about Colleyville, Texas
Colleyville ranks as the 109th most populous city in Texas. It has a population of 26,700 people total and it resides in Tarrant County. The population has been steadily rising since the 1970’s. It is in the northeastern part of the state, near Northeast Tarrant (2 miles) and Dallas (22 miles). Some notable people that are affiliated or have lived in Colleyville (and by extension the Dallas area) are MLB Player Josh Hamilton and actress and singer Demi Lovato. The city was first called Bransford, but was later changed to honor a physician and Union soldier named Dr. Lilburn Howard Colley.
The top employers in the city are Grapevine Colleyville ISD, Market Street, Lifetime Fitness, City of Colleyville, Covenant Christian Academy, Whole Foods Market, and Walmart to name a few. According to the data, the median household income is a whopping $165,302, The unemployment rate is also below average, making the Colleyville economy a really robust enterprise. Scientific and Technical Services are the biggest industries in the economy. The most common occupations are in Management and Sales, as well as Manufacturing. The highest paid positions are generally in the sciences.
Colleyville Electricity Plans Have Cancellation Fees
Cancelation fees (early termination fees) are a pretty routine part of Texas electricity plans. You will be charged an early termination fee if you switch to a new provider before f your contract has expired. The applicable cancellation fee for each plan is listed on the Vault Electricity plan results page for your city.
How Are Colleyville Electricity Rates Set?
Perhaps you think that your electricity rate determines how much you will pay on your electricity bill. That’s not actually how Texas electricity works though. The amount you pay on your electricity bill is used to calculate what your average electricity rate is (or was for the month). In other words, your true electricity rate can’t be known until after your bill is calculated.
The electricity rates you see advertised by electric companies in Colleyville are usually just estimates of what your electricity rate will be depending on how many kWhs of electricity you may use. When your first electricity bill arrives, you will find that your actual electricity rate is almost certainly different than the rate that is advertised on the plan. And it will likely be different each month.
Here is an example of this. Let’s look at this example of an electricity plan sold in Colleyville. It will show you how the advertised electricity rates are determined and how your real life rate could be much different than the marketed rate.
This is one of the simpler rate structures for an electricity plan in Colleyville. Many of them are way more complicated.
- Energy Charge = $0.0486 per kWh
- Monthly Service Fee = $9.95 per month (per billing cycle for usage less than 1000 kWh)
- TDU Delivery Charge = $5.47 per month
- TDU Delivery Charge = $0.040716 per kWh
This plan is built on four pricing components. One of them, the $5.47 charge is a flat fee added to your bill each month regardless of your electricity usage.
Another charge is a fixed monthly service fee of $9.95 added to your bill each month. This fee can go away if you use over a certain amount of electricity. These two fees ensure that your average electricity rate will always be different.
With this plan your electricity rate would be 10.5 cents per kWh when you use 999 kWh. If you use just one more kWh your effective electricity rate drops by a penny as a result of the monthly billing charge disappearing.
TXU is the Colleyville Power Company
TXU/Oncor Contact Information:
For power outages in Colleyville Texas, please call Oncor at 1-888-313-4747. To have underground lines located prior to digging in Colleyville Texas, call 1-800-344-8377. To view Colleyville Texas outage maps, click here.
Smart Meter Information:
For information on the smart meter program in Colleyville Texas, click here.