Whether you’ve recently relocated to Fort Worth Texas or you are just looking to lower your electricity bill, Vault electricity is your one shop stop for comparing electricity providers. Here you will find the best plans from the most trusted electric companies in Fort Worth.
There are over a dozen electric companies that provide service in Fort Worth. Use our electricity rate selection tool to narrow down your search and find the plan that fits your needs.
You will, of course, find cheap electricity rates here. But there are a number of other plan features that may be important to you. Plans may include:
- 100% Renewable Energy
- Free Nights
- Free Weekends
- No Credit Check
- Month-to-month no contract plans
- Rewards programs
- Charitable giving plans
It is all listed here. We are obsessed with helping Texans find the perfect electricity plan and keeping their hard earned money in the vault!
Top Fort Worth Electricity Rates From Each Provider
|4Change Energy||Maxx Saver 12||6.5¢/kWh|
|Gexa||Saver Supreme 36||6.7¢/kWh|
|Cirro Energy||Smart Value 12 Online||8.5¢/kWh|
|4Change Energy||Budget Saver 12||7.1¢/kWh|
|Direct Energy||Veteran & Active Military 12||9.9¢/kWh|
|First Choice Power||You Got This 24||10.7¢/kWh|
|TXU||Clear Deal 12||9.9¢/kWh|
|4Change Energy||Free Energy 12||6.9¢/kWh|
|Green Mountain Energy||Pollution Free e-Plus 24 Preferred||12.8¢/kWh|
|Champion||Champ Saver 12||12.6¢/kWh|
|Reliant||Reliant Clear Flex||13.1¢/kWh|
|Gexa||Saver Supreme 24||7.3¢/kWh|
|Payless Power||SmarTricity Flex Saver||12.1¢/kWh|
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 >>>
Featured Electricity Rates In Fort Worth, Texas
My Electricity Plan Is Up for Renewal – What Should I Do?
If you haven’t shopped for a new electricity plan in a while there is a good chance you are currently not in a contract. If that is the case, you are probably paying way more than you should be paying for electricity. Providers tend to transition customers to month to month plans once their previous plan expires. These monthly rates are almost always higher than what you would pay if you were in a contract – sometimes substantially.
If you find yourself in a situation where you are not under a contract you need to shop for a plan with a better rate than you are paying. You can almost certainly find one. Your current provider probably has a plan that offers better rate than you are currently paying. But more likely than not, you will find the cheapest rate by switching to a new provider who is eager to win your business.
If you are currently under a contract, you should begin shopping for a new plan as early as 60 days prior to the end of your current contract. Most providers will allow you to select a start date that is up to 60 in advance. This way, if you find a great rate on a new plan, you can lock it in well in advance of the expiration of your current plan.
If you have a commercial electricity plan, you will want to begin planning even early. This is especially true if rates have moved higher.
Moving and Need To Find an Electricity Plan in Fort Worth?
Here is what you need to know.
Fort Worth is the fifth most populous city in all of Texas. It is a part of the DFW metroplex. The city’s population is 792,000, making it the 17th largest city in the country. It is culturally diverse, with White, Hispanic, African American, Asian, and a small percentages of other ethnicities all comprising the constituency of the city.
The city is known as “where the west begins.” And it was first established as a means for defense for protecting the frontier directly after the Mexican-American war. Later, the city had equate its rise in population and economic growth due to its historical Stockyards, which used to be one of the largest in the country. And considering just how impactful the Stockyards were, they are often visited throughout the year. It is a very important part of Texas culture.
Among other notable places to visit in the city besides the Stockyards are the Fort Worth Water Gardens, the Fort Worth Zoo, the Botanic Garden, The Fort Worth Museum of Science and History, and Sundance Square.
For a city as large as Fort Worth, the unemployment rate is actually below the Texas average. The most common types of jobs in Fort Worth are in Construction and Extraction and Manufacturing. In addition, many powerhouses in business have headquarters in the city: American Airlines and D.R. Horton are in Fort Worth alone.
Why Does My Fort Worth Electricity Provider Need to Run a Credit Check?
Producing electricity requires a lot of infrastructure and capital. Power plants aren’t cheap to build and maintain. When electricity providers sell electricity to consumers, they must actually buy this electricity from the owners of those capital assets.
Just like most other companies that makes money selling a product, electric companies in Texas buy their product and resell this product on the retail market at a small markup.
When a consumer fails to pay their light bill, the company is not just out the electricity. They lose the money they had to spend to buy it.
That’s why they are so concerned about making sure the people they enroll in an electricity plan pay their bills. The credit check helps lower their default rate when it comes to people paying their bills.
The credit check is referred to as a soft credit check and doesn’t impact your credit score. Depending on the result of the credit check, the company may ask a new customer to provide a deposit before they will turn on service. (See here for information about no deposit electricity plans)
Sources of Fort Worth Electricity – Is My Electricity Rate Dependent on It?
Electricity in Fort Worth comes from three main types of power; fossil fuels, nuclear, and renewable power.
Coal – Coal was once the dominate source of power in Texas. Today environmental concerns, regulations, and the falling prices of other power sources have contributed to a multiyear decline in coal as a source of electricity in Fort Worth and the rest of the state.
Natural Gas – Today natural gas is the preferred fuel for power plants that feed the Texas grid and provide power to Fort Worth. Fracking technology has led to an abundance of easily available natural gas. Natural gas is also a preferred source of electricity because it is easy to ramp up production at a power plant that burns natural gas. This allows grid operators to more easily balance available electricity supply with demand on the grid.
Wind Energy – Wind power is the predominant source of renewable power in Texas. Most of the state’s wind turbines are in west Texas.
Solar – Solar power is quickly growing as a source of renewable energy in Fort Worth.
Nuclear Power – Nuclear power accounts for less than 5% of the electricity capacity for the state of Texas.
Jobs Available with the Fort Worth Electric Companies
Due in large part to the proximity to some of the largest oil and gas fields in the world, Fort Worth is heavily reliant on the energy industry’s supply of jobs. With the Barnett Shale and Permian Basin so close by to the historic city, companies involved in the energy sector (be it electricity, oil or gas) make up a large portion of the job creation and revenue stream for Fort Worth.
Take a look some employment opportunities that are currently available.
Mustang Energy, a leading containment company with heavy involvement in the energy sector, is looking for an operator of heavy machinery.
EnviroSolar, a solar energy company helping customers reduce their dependence on paying for electricity coming from the grid, is looking for an outside sales consultant in Fort Worth.
Main Street Energy Company is an oil and gas acquisition company based in Fort Worth. They are looking for a land tech to assist in maintaining their energy holdings.
Atmos Energy is a publicly traded natural gas provider involved in the transmission and distribution of energy in the form of natural gas. They are currently in need of survey specialists in the Fort Worth area.
Basic Energy Services is one of the largest oil and gas well service energy companies in the nation. They currently have need of drilling rig floor hands.
What Does the EFL of My Electricity Plan Tell Me?
Every electricity plan in Texas comes with a standard discloser document called an EFL (Electricity Facts Label). This is the document where the electricity rates for the plan are listed. Advertised average electricity rates are based on formulas that define the cost of each plan at certain usage levels. These formulas are made of various flat rates, pass-through rates, and electricity charges.
The EFL will contain average electricity rates for homes that use 500 kWhs, 1000 Kwhs, and 2000 kWhs. Beyond this, however, the fees and costs listed in the EFL should give you an idea of what you could expect to pay if your level of electricity usage falls somewhere between those benchmark rates. After all, almost no one uses exactly 1000 kWhs in a month.
Other pieces of information electricity providers are required to include in the EFL are cancellation fees and contract term. The EFL format is meant to help consumers understand exactly what goes in to the price they will pay for the plan.
Fort Worth Electricity Providers
Fort Worth Electricity Rates for Apartments
If you are looking for electricity for your apartment, make sure you are looking at the rates for 500 kHw not 1000 kWhs or 2000 kWhs. 500 kWhs is closer to the average monthly electricity consumption for an apartment.
Many plans will perform well at the higher usage levels but be much more expensive for people who consume less electricity. Avoid plans where you pay a flat rate per 1000 kWh.
For example, a plan may be advertised at 10¢ per kWh for 1000 kWh. If that plan is structured as a flat cost of $100 per 1000 kWh it would not be a good deal for someone who only uses 500 kWh per month. They would still pay the same $100 but the average rate would be 20¢ per kWh ($100 / 500).
What Is the Cheapest Electricity Provider in Fort Worth?
No Fort Worth light company always has a lock on the cheapest electricity rate, just like no company always has the most expensive electricity rate. Electricity providers are constantly shuffling the rates they offer on their electricity plans. Also, these rates are different for different parts of Texas even within the same plan.
That’s why the only way to make sure you are getting the lowest rate on electricity is to compare and compare often. When you are moving its obviously a perfect time to select the cheapest provider and lock in a good rate on a 12 month contract.
But once that contract expires you shouldn’t just assume that company still has the cheapest rates. Come back here at see who has the new best rate. Chances are, it will be someone else. Switching electricity providers is a quick easy process. The new provider handles all of the logistics and you will not have any interruption in service. There’s really no reason not to switch to the new cheapest electricity provider and save money.
Contacting the Fort Worth Utility Company (Oncor)
TXU/Oncor Contact Information:
For power outages in Fort Worth Texas, please call Oncor at 1-888-313-4747. To have underground lines located prior to digging in Fort Worth Texas, call 1-800-344-8377. To view Fort Worth Texas outage maps, click here.
Smart Meter Information:
For information on the smart meter program in Fort Worth Texas, click here.