Do Fixed Rate Electric Plans Save You More?

by | Nov 19, 2021 | Industry News

How do fixed rate plans stack up against flat rate plans? Find out which plan can really save you the most money!

Do fixed rate plans REALLY save you more money than flat rate plans? We compare two of the best head to head. The results are surprising!

Is Fixed Rate Electricity the Cheapest?

When it comes to choosing the cheapest electricity in Dallas, you have a lot of options. Flat rate plans tend to offer cheap rates. But how do they stack up against the cheap, straightforward rates found in fixed rate plans? Do fixed rate electric plans save you more? We compare the cheapest fixed rate plan against the cheapest flat rate plan below.

The answer may surprise you…

Who Has the Cheapest Fixed Rate Electric Plan in Dallas?

Texas Fixed 12 from Pulse Power is a fixed rate electricity plan that has a low energy charge of 12.5 cents per kWh. There’s a base charge of $4.95 per billing cycle as well. That brings the average rate for 1000 kWh of use to 12.7 cents per kWh.

On this plan, the cheapest predicted monthly bill would be $110 in April. In other words, that’s an average rate of 12.8 cents per 857 kWh. However, if we assume an average rate of 12.5 cents per kWh for 1,812 kWh of use, then the worst month would be in August.  In this case, this month comes with a predicted bill of $226.

What’s the Cheapest Flat Rate Electric Plan in Dallas?

Easy Saver 12 from 4Change Energy is a flat-rate electricity plan with a low energy charge of $90 for the first 1000 kWh of use. After 1000 kWh, the rate increases to 16.5 cents per kWh. In short, the average rate for 1000 kWh is only 9 cents per kWh.

On this plan, the cheapest predicted monthly bill would be $90 in April (an average rate of 10.5 cents per 857 kWh). On the other hand, the worst month would be in August with a predicted bill of $224 (an average rate of 12.4 cents per kWh for 1,812 kWh of use).

Which Fixed Rate Electric Plans Are the Cheapest?

Easy Saver 12 is the clear winner. In April, you could save $20 on your electric bill compared to Texas Fixed 12. In August, it’s close. Still, Easy Saver 12 looks to be $2 cheaper. However, when you compare your estimated monthly bill over the year, you pay $109 for Easy Saver 12  vs. $127 for Texas Fixed 12. So, Easy Saver 12 saves you more. 

What Happens When Your Electricity Contract Ends?

If you do not choose a new electricity provider or extend your contract, these electricity providers will move you to their default renewal product. These are variable rate plans with more expensive electricity rates.

Luckily, an Oncor customer, you can take advantage of your power to choose and switch to the cheapest electricity provider when your contract ends.

Finding the Cheapest Electricity in Dallas

Electricity rates are expected to increase in Texas. The key to avoiding higher electricity bills is to start shopping for electricity providers. But as you can see, it’s not always easy to figure out which plan is the best.

That’s why we’re here to make switching to a new electricity provider easy. We’ve got you the tools, tips, and tricks you need to narrow down electricity plans.

Shop and save on electricity today!

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