What New Residents Should know About Dallas Electric Rates

If you are moving to Dallas, Texas from another state, it may surprise you to find out that electricity in Texas is deregulated. That means you can choose to purchase your electricity from the best electric company Dallas has to offer. In most other parts of the country, there is only one electricity provider depending on your address. If you aren’t happy with their rates or their service, then it’s just too bad. 

In Dallas, however, you can choose where you purchase your electricity. This market welcomes competition and helps keep consumer prices low. There are over 100 individual electric companies in Dallas Texas. Luckily, the U.S. Energy Information Administration publishes an annual report that can help you choose which company is right for you. 

What is a deregulated market?

A deregulated energy market means that your electric company is not determined by your address. The market itself is comprised of retail electricity providers and electric utility companies, that are known as  the Transmission and Delivery Utilities (TDUs). The retail electricity providers are responsible for purchasing wholesale electricity and reselling it to the general public at retail rates. The TDUs are responsible for actually delivering that electricity to the consumers. If there is a power outage, the TDUs get a call to fix it. 

Pros and Cons of Choosing a Retailer

Choosing the best retail electric company Dallas has to offer comes with its advantages and disadvantages. Obviously, the competition keeps prices lower for consumers. As rival companies compete for business, they often offer specials and discount programs to entice new customers and consumers can benefit from these specials. 

On the flip side, it is important that you read any contract carefully before signing. It is possible to get stuck in a long-term agreement with an electric retailer who is overcharging or not providing great service. Many times, prices go up after a low introductory offer to garner your business. 

Electricity in Dallas

The annual report published by the U.S. Energy Information Administration lists the top electric companies in Dallas along with the number of customers each company has. Not only does this report show you which companies are most popular, but you’ll easily identify which companies your fellow Texas residents prefer. 

The average rate for residential electricity in Dallas Texas is $0.12 per kilowatt hour (kWh). This price is 10 percent lower than other cities in the state of Texas and a full 30 percent below the national average. Industry deregulation gives consumers more choices while keeping electricity costs down for most residents.

Choosing the Best Electric Company Dallas Has to Offer

Your electric provider is an important choice. Take the time to do some research and review any potential contract carefully before signing. Larger more established electric companies in Dallas can offer peace of mind and reliability but they can’t always give you the best deal. Sometimes, smaller electric retailers will offer better deals to compete for market share and shake things up in the industry. Choosing the best electric company Dallas has to offer will ensure you get the reliable service you need without overpaying for it. If you are moving to Dallas, you can expect to pay about 30 percent less than the national average for electricity thanks to a deregulated industry. 


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