Who Has the Cheapest 24-Month Electricity Plan in Dallas?
Thinking about switching Dallas electricity providers? With the EIA predicting less electricity use than last year, electricity rates look to be trending downward in the short term. If you want to take advantage of downward trending prices and lock in cheaper electricity rates for the long term, a 24-month fixed-rate plan is a way to do it. To save you time and make it easy, we’ve highlighted the 3 cheapest electricity plans in Dallas.
What’s a Cheap 24-Month Electricity Plan from a Top-Rated Provider?
Solarize 24 from Chariot Energy offers a straightforward electricity plan with a low energy charge of 5.78 cents per kWh. After adding in the standard TDU charges, your average rate for electricity comes out to 10 cents per kWh for 1000 kWh of use.
You can expect an estimated average bill of $98 from Solarize 24, making it one of the cheapest 24-month electricity plans in Dallas. That’s a really low electricity bill for a 100% renewable energy plan from a top-rated electricity provider in Texas. And if you decide to cancel the plan early you’ll be charge just $15 for each month remaining in your contract.
What’s the Cheapest Long-Term, Fixed-Rate Electricity Plan in Dallas?
Champ Saver 24 from Champion Energy gives you a low energy charge of 5.7 cents per kWh. Averaging in the standard TDU charges, you can expect an energy rate of 10 cents per kWh for 1000 kWh of use.
With electricity rates that low, you can expect your estimated average monthly energy bill in Texas to be around $97. The one drawback is the plan’s steep early termination fee of $250. But all the same, this plan offers a great straightforward pricing 24 months at a fixed-rate.
Price Protect 24 from Spark Energy has an energy charge of 5.5 cents per kWh. There’s also a recurring monthly charge of $8.99 if you use less than 1000 kWh per month. Once you add in the standard TDU charges, you can expect an average electricity rate of 9.8 cents per kWh for 1000 kWh of use. If you want to leave the plan, however, you’ll have to pay a 100 early termination fee.
With that low rate, the average estimated bill is around $100 per month. Overall, it’s another great 24-month plan with low electricity rates in Dallas.
What to Avoid When Shopping for the Cheapest Electricity Rates in Dallas
The one thing you want to avoid when comparing electricity providers in Texas is to only focus only on the average electricity rate. These rates can be misleading because they don’t paint the full picture. And simply signing up for a plan that has the lowest average energy rate could have you paying way more on your electricity bills.
Gexa Supreme Saver 24 from Gexa Energy currently has an average electricity rate of 7.4 cents per kWh. However, its actual electricity charge is 11.6 cents per kWh, higher than the state average. The cheaper average rate comes from the $85 bill credit. But you only get that if you use between 1000 – 2000 kWh.
That means, you really only see the cheapest electricity rates if you use around 1000 kWh every month. Usually, that’s not the case. Monthly use fluctuates. And it’s those fluctuations that will cause your bill to increase. As a result of those fluctuations, you can expect a higher estimated monthly average of $119 even though the average energy rate is much lower than other plans.
GridEdge 12 from Chariot Energy currently has an average rate of 6 cents per kWh. The actual energy charge is 10.7 cents per kWh. And while you’ll earn a $90 bill credit after 1000 kWh of use, you also need to add in the standard TDU charges.
Again, if you use at least 1000 kWh a month and not much over, this plan would be great for you. However, the average rate for 500 kWh of use is much higher at 15.3 cents per kWh. That’s why you can expect a higher average bill of around $108 each month with this plan.
Texas Saver 18 from Pulse Power also boasts a low 6.2 cents per kWh average rate for electricity. And like the other two plans, it has a higher energy charge at 11.4 cents per kWh. The savings on this plan also comes from a bill credit that you get at 1000 kWh of use.
But if you use less or more, you can expect higher averages. And that’s why the average monthly bill on this plan is higher as well, around $113.
How to Save the Most on Your Monthly Electricity Bills
You’ve got the power to choose your electricity provider in Texas. But it isn’t always easier. If you look at the wrong price or misread your EFL label, you may find yourself stuck in a contract and a lot paying more than you should for electricity. That’s why we work to cut through the fine print to help customers find the best electricity rates in Dallas.
Visit https://www.texaselectricityratings.com/ for more information on how to shop and compare electricity providers in Texas. And when you’re ready to make the switch, we’ll help you find the best electricity plan for your home. Shop now and start saving today!