Founded in 1999 and licensed to sell electricity in Texas in 2002, Spark Energy is now a national retail electricity and natural gas provider. They now provider electricity and/or natural gas services in the following states: Arizona, California, Colorado,
Connecticut, Florida, Illinois, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Mexico, New York, Ohio, Pennsylvania and Texas.
Why is my electricity rate higher than when I signed up?
The rate you see when you sign up is the average rate at that exact amount of usage in one billing cycle.
Some companies try to game the system by applying bill credits between certain usage thresholds.
It works great if you are within the margins, but as soon as you leave that band you no longer get that bill credit and your rate per kWh can double. The PUC only requires that companies disclose their average rates at 500, 1000, and 2000 kWhs. Companies can get around this by giving you a $50 bill credit if you use between 1000 and 2000 kWhs per billing cycle.
The only way to really know what you're getting into is to read your EFL.
A 10¢ rate at all usage amounts may end up being cheaper than that 8¢ rate at 1,000 kWh!
Which Are The Best High and Low Usage Electric Plans?
One-size-fits-all products usually don’t live up to the hype. Unless you are completely average, the fit isn’t exactly tailormade. Most of the time, this holds true for retail electricity plans because best high and low usage electric plans tend to be different. Each plan has a different pricing structure to meet the needs of a market segment. So, rarely do you find the cheapest 12-month plans work for both high and low usage customers. However, this month is one of those rare instances.
High and Low Usage Electric Plans
The cheapest 12-month plan for both 1,000 kWh and 2,000 kWh customers is the Energy TexasCome & Take It 12. The plan’s pricing is super simple. Customers pay a monthly $4.95 base charge followed by a flat rate for each kilowatt-hour consumed. At 1,000 kWh, the average rate is 10.0 cents which results in a $100 average bill. At 2,000 kWh, the average rate is 9.6 cents for an average bill of $192.
The Spark Green Secure 12 plan from Spark Energy also competes favorably for high and low usage electric plans. The pricing here is a bit different. This plan charges customers $8.99 if they fail to use 1,000 kWh in a billing cycle. Consequently, the plan is a poor option for people who live in small apartments. At 1,000 kWh, the plan’s average rate is 13.3 cents for an average bill of $124. When consuming 2,000 kWh, the rate is 12.6 cents to yield an average bill of $243.
Watch Out For Bill Credits
Though the two plans described above do not have bill credits, this pricing quirk is important to mention here. Bill credits kick in when a customer reaches a specific usage point. Upon reaching this threshold, the retail provider gives the customer a discount. So, despite increasing usage, the monthly bill can drop sharply.
Ordinarily, the most common bill credit among Texas electricity plans happens at 1,000 kWh. If a customer uses 999 kWh in a billing cycle, this customer does not earn the bill credit. This is precisely what can happen with the Frontier UtilitiesBest Value 12 plan. This plan’s $75 bill credit window is between 1,000 and 1,500 kWh. With one more kilowatt-hour of usage, the customer’s bill drops dramatically. This is why it’s always important to know your home’s normal usage when you evaluate electric plans. Coming up short of a bill credit’s usage threshold can easily wind up costing you more.
Do Your Own Electric Plan Research
Always remember that you’re not like every other Texas electricity customer! Don’t rely on your current provider’s recommendation when your current plan expires. Do the research for yourself at https://www.texaselectricityratings.com. Here you can find just the right plan to meet your lifestyle needs.
Which Electricity Plans Offer the Cheapest Rates in Dallas
Looking to save money on your energy bills in Texas? As a Dallas energy customer, you have the power to choose the cheapest electricity plan out there. And we’ve made it easy for you. Here are the four best plans in the Oncor service area with the cheapest electric bill.
Cheap Electricity Plans with Cheaper Early Termination Fees
Choice 15 from Spark Electricity has an electricity charge of 7.3 cents per kWh. With the standard TDU charges included, your electricity rate comes to 11.8 cents per kWh for 1000 kWh of use. These low rates give this plan an estimated monthly electricity bill of $118. Now, since this plan is a fixed rate 15 month plan there’s a $100 early termination fee to consider before if you switch to a new electricity provider before your contract ends.
The plan is also only 6% renewable. So, if you’re looking for cheap green electricity in Dallas, stick around. We’ve got a few options coming up.
Spark Green Secure 12from Spark Electricity has a slightly lower electricity charge of 7 cents per kWh. Adding in the standard TDU charges, your average rate for electricity comes to 12.4 cents per kWh for 1000 kWh of use. At those rates, you get an average estimated monthly electricity bill of around $120.
This plan is only 12 month long but it also has a $100 early termination feed. Plus, there's a $8.99 minimum usage fee if you use less than 1000 kWh during a billing cycle. If your household uses less than 1000 kWh a month, you should consider one of these other plans instead.
Who Has the Cheapest Electricity Bill in Dallas?
Come & Take It 12from Energy Texas has a low energy charge of 5.03 cents per kWh. There’s a monthly base charge of $4.95. After you add in the standard TDU charges, the average rate for electricity comes to 10 cents per kWh for 1000 kWh of use. With electricity rates that low, the average estimated monthly bill is $100.
The Gruene 18is also from Energy Texas has a low energy charge of 4.93 cents per kWh. It has the same base charge of $4.95 per billing cycle. Once you add in the standard TDU charges, your average rate for 1000 kWh of electricity use comes to a slightly lower 9.9 cents per kWh. Incredibly, that low electricity rate will give you an estimated monthly bill of around $99.
The providers in these plans will move you to a default renewal product if you don’t switch to a new plan before your contract ends. That’s why it’s always a good idea to shop energy providers and compare electricity plans in Dallas before your contract ends.
Shop the Cheapest Electricity Bill Providers in Dallas
Electricity rates may be on the rise, but that doesn’t mean you need to be stuck overpaying on your energy bills. As an Oncor customer, you can compare energy providers and save BIG. But, there are a lot of options out there. And trying to figure out which plans are best can get confusing. That’s why we do the work for you!