Choose the Right Type of Plan For Your Home
The right plan isn’t always the cheapest one. You have the power to choose different types of plans out there. But you still need to find the one that gets you the best savings with your usage. Discover the cheapest plans right now in Dallas and what you need to do to get the biggest savings.
What to Look for in the EFL
Before you commit to an electricity plan, make sure you read and understand the electricity facts label (EFL). This document includes the most important information about your future plan, including the pricing.
Now, here’s the tricky part with EFLs. Texas light companies put an average price per kWh section at the top. But this section combines the base charge, energy charge, delivery charges, and bonuses all into one. So, it may distort your bill estimate depending on your actual usage.
This is why understanding your usage is crucial. If you know your home’s average monthly electricity usage, you know whether the bonus in an EFL truly benefits your household or not.
The Cheapest Bill Credit Plan Rate
Right now, the cheapest electricity rate is 9.3 cents per kWh. Offered by Chariot Energy, GridEdge 24 has a 13.97 cents per kWh energy charge. With this 24-month term bill credit plan, if you use more than 1,000 kWh per month, you get a $90 credit. So, your average bill at 1,000 kWh usage would be $93.
However, at only 999 kWh usage, without the credit, your estimated bill would be $183. So, you have to be really careful to hit that threshold.
The Cheapest Tiered Rate
Following closely with a 9.9 cents per kWh average price at 1,000 kWh usage, 4Change Energy offers a similar deal. The Maxx Saver Select 24 plan has a slightly higher energy charge of 15.72 cents per kWh. But they offer a $100 credit if your usage hits the threshold of 1,000 kWh.
So, at 1,000 kWh, your estimated monthly bill would be around $99. But, if you don’t hit that threshold, you’ll easily pay up to $199 per month for electricity.
The Cheapest Fixed Rate Plan
The problem with bill credit and tiered plans is that you have to adjust your usage to get the best deal. But you can avoid that with a good fixed-rate plan. With fixed-rate plans, you pay for what you use. And sometimes, there are nice perks, too, like Free Weekends 24 by Champion Energy.
This 24-month plan has a 13.9 cents per kWh energy charge on weekdays. On the weekends, there’s no energy or base charge. However, you always have to pay the delivery charges which are $4.39 per month and 3.73 cents per kWh.
So, if you’re usually away on weekdays and spend the weekends at home, this plan is great for you.
Shop All Types of Electricity Plans in Texas
No matter what type of plan you’re looking for, the best place to find them in Texas is at www.texaselectricityratings.com. You can compare all the rates, compare plan EFLs, and choose the best one for your home all in one platform.