General Information on Fort Worth Electricity Rates
Almost all of Fort Worth’s electricity comes from natural gas, crude oil, and coal. However, some electricity companies have started to work with renewable energy, and have begun to offer green energy plans. While green energy plans reduce your carbon emissions, they tend to be more expensive and have a higher per kilowatt-hour (kWh) rate.
For all Fort Worth residents, your electricity bill is divided into two categories – supply and delivery services.
The supplier energy companies generate electricity. Their energy rates depend on the cost of electricity generation, and that depends on the method of electric generation. Fort Worth electricity providers include TXU Energy, 4Change Energy, Direct Energy, TriEagle Energy, Constellation Energy, Gexa Energy, Champion Energy, Payless Power, Just Energy, Frontier Utilities, First Choice Power, Reliant, and Green Mountain Energy.
All energy companies offer different rates and plans; you can read about the individual charges in the Electricity Facts Label (EFL). The EFL includes information on the price per kilowatt-hour, cancellation fees, and early termination fees, among other things.
Your local utility company provides delivery services. They’re also called the Transmission Distribution Service Provider (TDSP) or the Transmission and Distribution Utility (TDU). Your utility company delivers your electricity, maintain power lines, and manages power outages.
Your delivery charges include the TDSP Delivery Charge and the PUC Assessment – a fee included by the Public Utility Commission of Texas (PUCT). You may also see a Gross Receipts Reimbursement Charge and some non-recurring fees for things, such as new service initiation.
In Fort Worth, your local energy delivery company is Oncor.
You can learn more about Fort Worth electricity rates and tariffs here.
Energy Deregulation and How It Affects Fort Worth Electricity Rates
Energy deregulation in Texas has allowed all Fort Worth residents to choose their retail electric provider (REP). You can find various Fort Worth energy plans offered by different energy providers.
Competitive pricing has helped reduce Fort Worth electricity rates below the national average bringing cheap electricity to everyone. Fort Worth residents also have the option of green energy plans offered by some REPs.
If you don’t opt for an energy supplier, you will receive Oncor’s Standard Offer Program or a Provider of Last Resort (POLR). The Standard Offer Program rate is also your Price to Compare. You can use it to compare the plans and rates offered by other suppliers to find the best electricity rates in your service area.
Finding the Best Fort Worth Electricity Rates
All Fort Worth residents can choose from various retail electric providers and different electric plans. You can opt for the plans with the lowest rates, or you can choose a plan that offers competitive rates, along with benefits.
In any case, you can compare each REP’s electric rates and plans and choose the best plan for you. You can search and try to shop for rates yourself, but watch out for the fine print, hidden fees, and escalating rates once your term ends.
Alternatively, you can use Arbor’s free TrueRate Protection service to automatically find and switch to the best Fort Worth electricity rates in your area.
Arbor scans the market and gives you the best rates you can get in your service area. When your contract term is expiring, Arbor finds the best rate and switches you again. You always pay the best rate and never have to worry about overpaying for electricity ever again.
You can also use the free savings calculator to find out how much you could save in each case.
Understanding Fort Worth Electricity Rates and Plans
All energy companies offer energy plans with different energy rates and plan lengths. Some offer variable rates and benefits, such as bill credits and free nights.
You can change your supplier easily – get a copy of your energy bill to find your current energy supplier and rate. You can use Arbor to find the best rate in your area and switch to the lowest cost supplier quickly to save time.
You can use Arbor to find the best rate in your area by using our free savings calculator.
Furthermore, you will find different types of plans depending on the companies. These are the four plan options you’ll find in Fort Worth.
- Fixed-Rate Plans: Such plans let you pay the same rate throughout the duration of your contract, regardless of your electricity usage and retail prices. We recommend fixed-rate plans because they provide price certainty and minimize risk. But be careful: when your term expires, your rate becomes variable and can go up without notice. Arbor automatically keeps you on the best fixed-rate plan, so you don’t have to worry about rate hikes at the end of your term.
- Variable Electricity Plans: Variable-rate plans have fluctuating rates that depend on the cost of wholesale electricity. In Fort Worth, energy needs and energy costs usually run high; therefore, you may not get the best rates with variable plans.
- Prepaid Electricity Plans: Prepaid plans let you pay for electricity beforehand to avoid the hassle of monthly payments. Such plans don’t require deposits or a credit check.
Some plans may ask you for a deposit. However, plans available through Arbor never require a deposit.
How to Choose the Right Energy Supplier
All Fort Worth residents get their energy delivery services from Oncor; however, they can choose their retail electric suppliers. You can use the Price to Compare or your current electric rate and compare it with the plans offered by other companies.
You should check what plan offers the best energy services, including the most savings and benefits.
You can also check out how you can save on your energy bill with Oncor. But electricity is complicated, which is why people trust Arbor to manage their electricity service for them, so they always pay the best electricity rate available in Fort Worth.