Compare DFW electricity rates and save with the free Vault Electricity rate comparison tool. Did you know there are over a dozen electric companies competing right now to offer you the cheapest Texas electricity rates?
These companies are constantly updating their rates and changing their plans in an attempt to win your business. This is the beauty of a competitive marketplace.
Top DFW Electricity Rates From Each Provider
|4Change Energy||Free Energy 12||6.9¢/kWh|
|Gexa||Saver Supreme 36||7.7¢/kWh|
|Cirro Energy||Smart Value 12 Online||8.5¢/kWh|
|4Change Energy||Budget Saver 12||7.9¢/kWh|
|Direct Energy||Veteran & Active Military 12||10.6¢/kWh|
|First Choice Power||You Got This 24||11.0¢/kWh|
|TXU||Clear Deal 12||10.9¢/kWh|
|4Change Energy||Maxx Saver 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 16||8.1¢/kWh|
|Payless Power||SmarTricity Flex Saver||11.9¢/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 >>>
DFW and most of Texas is a “power to choose” market for electricity. This puts the power in the hands of the consumers and puts pressure on electric companies to keep electricity rates low and to innovate with new types of electricity plans.
While all of this is great for the people who live in DFW, it can sometimes be a bit much when it comes to deciding on a provider.
Many people think it’s too much of a hassle or they don’t think they can actually save a lot of money. After all, 9¢ per kWh is only one cent cheaper than 10¢ per kWh. Besides, “What the heck is a kWh anyway?”
A large home in DFW can easily use 2000 kWh of electricity per month (sometimes a lot more). That one penny difference in price could represent a cost savings of $240 per year.
It’s not uncommon for the difference in price between the cheapest electricity rate in DFW and the most expensive rate to be 5, 6, or even 7 cents per kWh.
Choosing the wrong electric provider or plan can easily cost you over $1,000 per year!
That’s why it’s so important to shop around for an electricity provider.
Luckily, we’ve done the work for you.
Featured Electricity Rates In DFW
Who Delivers and Distributes the Electricity in DFW?
The electricity provider you select is not the company that is actually responsible for delivering electricity to your home. This is the job of the regional transmission & distribution utility in your area. In DFW this utility is Oncor. Oncor is responsible for maintaining the infrastructure, responding to power outages and making sure your electricity gets to you.
The electric company you select is called a retail electricity provider (REP) and it is responsible for buying electricity from the source and reselling it to you. Your bill will include standard fees from Oncor. These fees are the same for everyone in the Oncor delivery area no matter what REP they use.
This is good news because it means electricity providers aren’t competing on quality or reliability of service since they don’t even deliver your electricity. They are just competing on price and, to a lesser extent, billing related customer service.
Tips For Comparing the Cheapest Electricity Rates
Before you begin comparing electricity rates, make sure you are looking at the correct rates. Our electricity rate comparison tool allows you to select your home size.
Texas electricity plans are priced at three different usage levels.
If you live in an apartment, you will want to make sure you are looking at the 500 kWh rates. If you live in a home, you will want to look at either the 1000 kWh or 2000 kWh rates depending on the size of your home or the amount of electricity you use in a typical month.
Not looking at the correct rates can cost you when your first light bill arrives. The rate calculation formula for electricity plans are often finetuned to be cheapest at specific usage levels.
What Is the EFL on the Electricity Plans?
If you are shopping for electricity in Texas, you should become acquainted with the Electricity Facts Label (EFL). Every plan has one. This document strips away the marketing language and gives you all the relevant information about the plan you are considering.
Some Texas electricity plans are complicated in the way the rates are calculated. The EFL will break down the formulas that are used to calculate your electricity rates. Sometimes these formulas are straight forward and easy to understand. Sometimes these formulas can be rather complicated.
As a rule of thumb, the more complicated the rate formula is the more likely you are to get a surprise when the bill arrives at the end of your first month.
Another red flag is a wide variation between the price at 2000 kWh and the price at 500 or 1000 kWh. If the price at 2000 kWh is 5 cents lower than the price at 1000 kWh, then in all likelihood, the plan was designed to appear attractive at precisely that usage level. If you use less than that for a month you might find yourself paying a lot more than you expected.
The Cheapest Green Energy Electricity Plans in DFW
If green energy is what you are looking for, we can help you find it. It’s true that, in general, green energy plans are a little bit more expensive than traditional electricity
But the premium consumers pay for renewable energy has narrowed substantially. We have marked all of the 100% renewable energy plans listed in DFW with a special green energy icon. You can also use our filtering functionality to search for only green energy plans.
Did You Know This About the DFW Area?
The Dallas-Fort Worth area (abbreviated DFW) is the largest landlocked metropolitan area in the country. With a population of about 7.4 million, and a collection of 13 different Texas Counties, there is considerable economic output in the area.
There are close to 3.6 million employees within the wide area of the DFW metroplex. The largest concentration of corporations in the United States reside within the DFW Area, and many Fortune 500 companies are headquartered within the area: AT&T, GameStop, J.C. Penney, Dr Pepper Snapple Group, American Airlines, and Southwest Airlines are a few.
The wages earned by average DFW citizens are above the national average at close to a $64,000 median household income. Management, Administration, and Sales, hold the top positions of employment in the DFW area. And the most specialized and common jobs are in Computer Science positions, Engineering, and Technological Services, due to the highly-specialized workforce of area.
For education, the most frequent Bachelor’s degree was in Registered Nursing; the second-most goes to multidisciplinary studies ranging from Technology to Health Services.
The University of Texas-Arlington is the biggest institution for higher-learning in the DFW area, awarding the most degrees per annum. University of North Texas comes in a close second place.
Same Day Electricity Plans in DFW
Sometimes when shopping for the cheapest electricity rates in DFW, the electricity is needed to be turned on as soon as possible.
Before smart meters came to DFW, the quickest you get the electricity turned on was several days. But now that ever electric meter in DFW is a smart meter, you can the power turned on within 2 hours.
Smart meters use cellular technology to communicate with the electric providers in real-time. Because of this advancement in electric meters, the electricity companies can instantaneously monitor and activate the home’s electricity.
Several years ago if you wanted to establish new electricity service, you had to make an appointment to have an electric company technician come out to manually turn on the electricity meter. You even had to be present at the home to get the electricity activated. What a pain!
Nowadays, you can get the electricity turned on almost instantaneously with just a few clicks of the keyboard or a quick phone call. This is also true for cheap commercial electricity, as well as no deposit electricity. times have changed for the better.
How to Reach the Utility Company in the DFW Area
TXU/Oncor Utility Contact Information:
For power outages in DFW Texas, please call Oncor at 1-888-313-4747. To have underground lines located prior to digging in DFW Texas, call 1-800-344-8377. To view DFW Texas outage maps, click here.
Smart Meter Information:
For information on the smart meter program in DFW Texas, click here.