General Information on Wichita Falls Electricity Rates
Texas energy is primarily produced using natural gas and crude oil, making fossil fuels an abundant source. However, many energy companies (especially in major cities like Dallas) have started using renewable energy by offering green energy plans, albeit at a higher per kilowatt-hour (kWh) rate.
For all Wichita Falls residents, your electricity bill is divided into two categories – supply and delivery services.
The supplier services include electricity generation. The supply charges depend on the cost of generating electricity, and that depends on the method of producing power. The common retail electricity providers in the Wichita Falls area include TXU Energy, 4Change Energy (Maxx Saver), Payless Power (SmarTricity Premier), Direct Energy, First Choice Power, Frontier Utilities, Gexa Energy, Pulse Power (Texas Saver), Green Mountain Energy, TriEagle Energy, and Reliant, among others.
Each electric company offers different energy plans at various energy rates; it’s a good practice to read their Electricity Facts Label (EFL) to learn more about each energy plan. The EFL contains information on the price per kilowatt-hour, cancellation fees, and early termination fees, among other things.
Your local utility company provides electric delivery services. The utility company is also known as your Transmission Distribution Service Provider (TDSP) or your Transmission and Distribution Utility (TDU). The TDU delivers your electricity, maintains power lines, and manages power outages.
The delivery charges include the TDSP Delivery Charge, customer charge, and the PUC Assessment – a fee included by the Public Utilities Commission of Texas (PUCT). You may also see additional charges, such as the Gross Receipts Reimbursement Charges or non-recurring fees for things like new service initiation.
Your local utility company in Wichita Falls is the Oncor Electric Delivery Company.
You can learn more about Wichita Falls electricity rates and tariffs here.
Energy Deregulation and How It Affects Wichita Falls Electricity Rates
Energy deregulation in Texas allows all Wichita Falls residents to choose their retail electric provider. You can find various energy providers offering energy services to everyone, from homeowners to business owners.
Due to the competitive Texas energy market, Wichita Falls electricity rates have gone below the national average. Furthermore, residents can now buy green energy plans at the same prices they used to pay for fuel-based electric production.
If you don’t choose a REP, you will receive Oncor’s standard offer. The default rate you get in the standard offer is also your Price to Compare and is regulated and approved by the PUCT.
You can use the Price to Compare to see what electricity company is offering the best rates and energy plans in the market.
Finding the Best Wichita Falls Electricity Rates
All Wichita Falls residents can choose what REP provides electricity service to them. Some REPs offer low rates, while others offer a range of benefits and incentives at slightly higher rates.
In all cases, you can compare each company’s energy plans and rates to make an informed decision. 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 Wichita Falls 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 Wichita Falls Electricity Rates and Plans
All electric service providers in Wichita Falls offer various energy plans and different rates and plan lengths. Some REPs offer exclusive benefits, such as free nights, bill credits, smart meters, and auto-pay options, among other things.
Changing your retail electric provider is an easy task – you can use a copy of your electric bill to determine who your current REP is and what rate you’re getting. 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 Wichita Falls.
- Fixed-Rate Plans: Fixed-rate plans let you pay the same rate throughout the length of your contract. 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: Such plans have varying monthly rates that change with the price of wholesale electricity and overall electric demand. As a result, you’ll be paying less when demand is low but will be overpaying for electricity when demand is high.
- Prepaid Plans: Prepaid plans let you ‘deposit electricity’ and pay your electric bill beforehand. You don’t need any form of credit check or deposit to opt for a prepaid plan.
- Green Energy Plans: You can opt for green energy/renewable energy plans to reduce your carbon footprint.
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 Wichita Falls residents get electric delivery services from Oncor; however, they can choose their retail electric providers. You can use the Price to Compare or your current plan rate to check what plans work best for you.
You should check what REP offers an energy plan with the most savings, incentives, 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 Wichita Falls.