Dallas Electricity Cheaper Than Last Year

Posted on Posted in 4Change Energy, Best 12 Month Electricity Rates, Best Dallas Electricity Rates, Chariot Energy, Cirro, Compare Texas Electricity Rates, Dallas Electricity Rates, Dallas Green Electricity Rates, ONCOR, Texas Electricity, Uncategorized

Should I lock-in my electricity rates in Dallas Now? YES! Time is running out on the lowest electricity rate in a Dallas!
Should you wait to lock in an electricity rate for your Dallas home now? No! Rates are on a slow decline but it will end soon! Let us help you the best plans in in Dallas.

Should I Lock-in Low Texas Electricity Rates Now?

Texas electricity prices, like temperatures across the state, are on the decline. But this won’t last long. This is the shoulder season, the time between hot summer days and cold winter nights. Now’s the best time of the year to shop for and switch to a new electricity plan that locks down cheap rates for the long-term. The best place to find the cheapest options for 12-month electricity in Dallas are right here!

What Is the Average Electricity Rate in Texas?

Compared to last year, the average price across the state was 10.6 cents per kWh. And we’re fast approaching that those lows again, with the average rate for electricity in Texas at 10.8 cents per kWh and dropping. While slightly higher than last year, the forecast hints at dropping prices.

NOAA shows a 75% chance of an El Niña event occurring this year. This would bring relatively warm temperatures to Texas for the winter. Coupled with lower energy demand this year means that electricity rates should fall between now and the end of Thanksgiving.

If you’re nearing the end of your contract, you’ll want to use your power to choose to shop for the cheapest electricity plan you can find.

Which Electricity Plan Has All-Around Cheap Rates?

Smart Value 12 Online from Cirro Energy has a low energy charge of 6.25 cents per kWh. You’ll also earn a $30 electricity bill credit when you use between 1000 and 2000 kWh in a billing cycle. Other charges include a very steep $200 early cancelation fee and base charge of $7.95, but once you add up the bill credit and the low electricity rate, you’ll get an average rate of 8.3 cents per kWh for 1000 kWh of use.

That’s 2.5 cents cheaper per kWh than the current average electricity rate. At that rate, you’ll save $25 a month on your Dallas electricity bill if you use 1000 kWh a month compared to the average rate. Compared to last year, it’s still 2.3 cents cheaper, saving you $23 a month. Over the year, you’ll save $276 – $300 with this plan compared to last year and this year’s current average electricity rate.

What’s the Cheapest Tiered 12-Month Electricity Plan?

4Change Energy offers Value Saver 12 if you’re in the market for a cheap tiered electricity plan. The electricity rate is 8.96 cents per kWh for up to 500 kWh of use. The next tier has a rate of 4.16 cents per kWh until 1000 kWh. After 1000 kWh of use, the rate returns to 8.96 cents per kWh. Plus it comes with a cheap cancelation fee, just $20 per month left in your contract.

You’ll also receive a $20 bill credit at 1000 kWh of use. After averaging in the standard TDU charges, you’ll pay an average of 8.7 cents per kWh for 1000 kWh of use.

That’s 2.1 cents cheaper per kWh than the current average electricity rate, and a monthly savings of $21 a month if you use 1000 kWh a month. Compared to last year, 1.9 cents cheaper or $19 a month cheaper at 1000 kWh of use. Over the year, you’ll save $228 – $252 with this plan compared to last year and this year’s current average electricity rate.

Who Has the Cheapest Electricity Rates in Dallas?

GridEdge 12 from Chariot Energy gives you the cheapest electricity rates and 100% Texas renewable energy. The plan offers an energy charge of 10.7 cents per kWh. There’s also a $90 bill credit you’ll earn after 1000 kWh of usage. With the standard TDU charges and the bill credit, your average rate for electricity is 6 cents per kWh.  The plan also comes with a cheap early termination fee of $15 per month remaining in your contract.

Meanwhile, this rate is a WHOPPING 4.8 cents cheaper per kWh than the current average electricity rate, and a monthly savings of $48 a month if you use 1000 kWh a month. And 4.6 cents cheaper than last year’s average electricity rate. Over the year, you’ll save an ASTONISHING $552 – $576 with this plan compared to last year and this year’s current average electricity rate.

Where Can I Find More Cheap Electricity Plans in Texas?

Now’s the time to shop around and make the switch to a new electricity provider if you live in the Oncor service area. And the best way to get the cheapest electricity rates is to lock them in for the long-term with a fixed-rate contract. But there are a LOT of electricity plans out there and if you pick the wrong one, you could be stuck paying WAY more for electricity.

That’s why we do the heavy lifting for you. Visit us at https://www.texaselectricityratings.com/ for help shopping and comparing electricity plans in Dallas. And when you’re ready, we make it easy for you to switch to the cheapest electricity plan so you can save big!

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