How to Get the Best Electricity Deal in Texas Right Now

There’s no sugarcoating it. The price of electricity is extremely high right now. The Texan heat drives a high demand. And natural gas prices are also up 108%. So, finding a good deal seems impossible right now. But, don't despair. It turns out if you’re wondering whether or not it’s the right time to shop for a better electricity rate right now, the answer depends on your current plan.

If You Have a Plan

Due to soaring prices, the chances of locking in a cheaper rate right now are slim. It’s best to keep your current contract until the end of your term.

Alternatively, you can also check back during the fall shoulder months to see if lower temperatures also lowered the prices. And if you find a better deal, make sure you keep your early termination fee in mind before you switch providers.

If Your Electricity Fixed Rate Plan Is About to Expire

Natural gas prices are expected to stay high for the rest of the year (and maybe until next Spring). So, you may struggle with high electric bills for a while if you wait for prices to drop.

Despite this high price period, you should still switch to a cheaper rate as soon as your term ends if your plan is about to expire. Settling for a variable rate plan can save you money but only for that first month. They usually cost you more in the long run because fixed rate plans don't vary.

If You Don’t Have a Fixed Rate Plan

If you don’t have a fixed rate electricity plan, you should definitely lock one in as soon as possible. Otherwise, you’ll probably see some painful bills coming your way in the next year. The problem is that some of the cheapest rates are for the longest terms. In the that case, you can always opt for a plan with a favorable early termination fee. That way you can switch when rates fall by paying the cancellation fee without too much pain.

The Best Electric Plans in Dallas Right Now

If you’re shopping for a better electric plan right now, 36 Inflation Fix by Energy Texas may be your best choice. The 15 cents per kWh rate at 1000 kWh monthly use includes all charges. With this average use, your estimated monthly bill would be $150. However, this plan also has a $500 early termination fee.

If you want a plan with a cheaper early termination fee, Pulse Power has two for you. Their Free Energy Nights 36 has an average rate of 15.5 cents per kWh. And Free Energy Weekends 36 offers a slightly higher rate of 15.6 cents per kWh. So, your estimated monthly electric bill would be $155 and $156 respectively.

Both plans offer a $0 energy charge in certain periods. For Free Nights, this is between 8 p.m. and 6 a.m. every day. And for Free Weekends, the free period lasts from 8 p.m. on Friday and 6 a.m. Monday. TDU charges still apply in the free period.

And the early termination fee is only $125 for both plans. This can give you great flexibility if you want to switch to a better rate once prices drop.

How to Shop for a Better Electricity Plan

The best way to shop for a better rate is to visit www.texaselectricityratings.com. 

You can compare the best rates, find the best plans for your household, and save money on your electric bill.

Is Green Energy Cheaper Than Non-Renewable?

With energy prices soaring due to high natural gas prices, finding a good deal on your electricity plan is getting harder. So, could green energy plans offer lower rates? After all, they don't use fossil fuel, right? Unfortunately, once renewable electricity enters the grid, it mixes with the non-renewable kind. So, a green electric plan won’t necessarily be cheaper just because it’s renewable. But, if you're shopping for cheap rates, there are some great 36-month green plans in Dallas right now that may just be cheaper than non-renewable rates.

The Cheapest Dallas Green Energy Plans Right Now

The cheapest 36-month green electric plan in Dallas right now is 36 Inflation Fix by Energy Texas. With its 10.57 cents per kWh energy charge, $4.95 base charge, and TDU charges, the rate for 36 Inflation Fix comes to 15.3 cents per kWh at 1000 kWh per month usage. Which is the cheapest rate in Dallas right now.

Chariot Energy’s Solarize 36 is also a 100% renewable plan with competitive rates. This plan offers a 15.9 cents per kWh average rate, which consists of an 11.71 cent energy charge and TDU charges.

How Do Non-Renewable Energy Plans Compare?

While non-renewable plans can’t beat 36 Inflation Fix’s cheap 15.3 cents per kWh rates, Pulse Power has two plans that could contend.

Their Free Energy Nights 36 offers 15.5 cents per kWh average rate. And their Free Energy Weekends 36 plan is only a little bit higher at 15.6 cents per kWh. 

The difference between the two lies in the name. While the Free Energy Nights 36 offers a $0 energy charge between 8 p.m. and 6 a.m. every day, Free Energy Weekends 36 offers a no energy charge deal between 8 p.m. on Friday and 6 a.m. Monday. You’ll still need to pay TDU charges in the free period.

Planning Ahead When You’re Choosing an Electric Plan

While these rates are comparatively low, they’re still higher than usual due to the economy. So, locking in these rates for 36 months may not be in your best interest. However, it’s still better than going month-to-month.

The best option is to choose a plan with a low electric rate and a favorable early termination fee, so you can switch providers when prices fall. 

While 36 Inflation Fix offers the best rate, they have a $400 early termination fee. The early termination fee for Solarize 36 is $15 for every remaining month in your contract. In comparison, stopping either of Pulse Power’s plans early would only cost you $125. Which makes choosing one of these non-renewable plans a better deal overall, even if they’re not the cheapest rates.

Find the Cheapest Energy Plans in Texas

Electric rates are constantly changing. So, keeping an eye out for a good deal can help you save money on your energy bill. Visit www.texaselectricityratings.com/ for accurate comparisons, tips, and advice. We’re here to help you find the best electric plan for your home.