Fort Worth Utility Companies: Which is Better for You?
As there are many electric companies in Fort Worth, choosing the best electricity provider and the cheapest electricity rates is not as easy as it should be. If you haven’t shopped for new energy plans in a long time, the odds are that your electricity bill could be significantly lower. As you know, Fort Worth is in a deregulated energy market, which means that electricity providers work hard to offer the lowest energy costs and secure their market share.
Fort Worth’s electricity rates differ depending on several factors. Finding affordable Texas Electricity Rates does not have to be a headache but demands research and patience. Read on to find out how to find the best electricity provider and significantly reduce your electricity rates.
Fort Worth Electricity Rates
| Plan Name | Plan Length | Rate |
|---|---|---|
| Gexa Energy - Gexa Saver Deluxe 12 | 12 months | $0.076 / kWh |
| 4Change Energy - Maxx Saver Bundled 12 | 12 months | $0.076 / kWh |
| 4Change Energy - Maxx Saver Select 24 | 24 months | $0.076 / kWh |
| 4Change Energy - Maxx Saver Select 12 | 12 months | $0.078 / kWh |
| 4Change Energy - Maxx Saver 12 | 12 months | $0.079 / kWh |
| 4Change Energy - Free Energy 12 | 12 months | $0.090 / kWh |
| TriEagle Energy - Real Deal 36 | 36 months | $0.109 / kWh |
| 4Change Energy - Helpful Saver 24 | 24 months | $0.109 / kWh |
| TXU Energy - Smart Edge 12 | 12 months | $0.110 / kWh |
| TriEagle Energy - Real Deal 24 | 24 months | $0.114 / kWh |
| TXU Energy - Solar Value 12 | 12 months | $0.116 / kWh |
| TriEagle Energy - Real Deal 12 | 12 months | $0.119 / kWh |
| TXU Energy - Smart Edge 24 | 24 months | $0.120 / kWh |
| TriEagle Energy - Golden Eagle 36 | 36 months | $0.128 / kWh |
| Direct Energy - Live Brighter 36 | 36 months | $0.129 / kWh |
| Gexa Energy - Gexa Saver Value 12 | 12 months | $0.133 / kWh |
| TriEagle Energy - Green Eagle 36 | 36 months | $0.134 / kWh |
| Direct Energy - Live Brighter 12 | 12 months | $0.136 / kWh |
| Green Mountain - Pollution Free e-Plus 24 Preferred | 24 months | $0.136 / kWh |
| TriEagle Energy - Bronze Eagle 24 | 24 months | $0.138 / kWh |
Fort Worth Electricity Companies
TXU Energy
TXU Energy is one of the oldest electric companies in Fort Worth. It has operated for more than 100 years and scores an A+ BBB rating. It offers great online services and scores high on customer service, business history, and online accessibility.
Their most popular plans are:
| Plan Name | Rates |
|---|---|
| Smart Value 12 | $0.116/kWh |
| Smart Deal 12 | $0.150/kWh |
| Solar Saver 12 | $0.157/kWh |
| Free Nights & Solar Days 12 | $0.158/kWh |
| Free Nights & Solar Days 24 | $0.171/kWh |
4Change Energy
4Change Energy wants to see a change in the world. A part of their profits goes to Texas charities. They offer low Fort Worth electricity rates and do what is in their power to satisfy every customer.
4Change most popular plans are:
| Plan Name | Rates |
|---|---|
| Maxx Saver Select 12 | $0.077/kWh |
| Maxx Saver Select 24 | $0.076/kWh |
| Maxx Saver Bundled 12 | $0.076/kWh |
| Value Saver 12 | $0.105/kWh |
| One Rate 12 | $0.130/kWh |
Direct Energy
This is one of the biggest providers in Texas. It services over 5 million people across US and Canada. What makes them especially attractive is the Free Weekends option on some plans. Like 4Change Energy, this company does charitable work as well: so far, they have contributed more than $1.1 million to Texas causes.
Direct Energy most popular plans are:
| Plan Name | Rates |
|---|---|
| Live Brighter 12 | $0.135/kWh |
| Live Brighter 36 | $0.128/kWh |
| Live Brighter 20 | $0.139/kWh |
| Green Texas 24 | $0.145/kWh |
| Power Balance 12 | $0.095/kWh |
Gexa Energy
Gexa Energy is one of the newer power providers in Texas. This company is still making impressive results with its affordable plans and charitable giving. Since 2019, they have provided 100% green energy to Texas households. They donate to:
- Cancer and transplant families,
- The less fortunate, and
- To low-income communities.
Gexa Energy most popular plans are:
| Plan Name | Rates |
|---|---|
| Gexa Saver 12 | $0.089/kWh |
| Gexa Energy Saver 24 | $0.135/kWh |
| Gexa Saver Deluxe 12 | $0.075/kWh |
| Gexa Saver Value 12 | $0.133/kWh |
| Gexa Saver Advantage 12 | $0.118/kWh |
Green Mountain Energy
Green Mountain Energy offers sustainable energy plans. Their energy plans cover the needs of both residential and commercial customers. This power provider started its business in 1997. Currently, they are the longest-serving power provider in Texas.
Green Mountain Energy most popular plans are:
| Plan Name | Rates |
|---|---|
| Pollution Free e-Plus 36 | $0.119/kWh |
| Pollution Free e-Plus 24 | $0.129/kWh |
| Pollution Free e-Plus 12 | $0.144/kWh |
| Solar All Nighter for EVs 36 | $0.134/kWh |
| Solar All Nighter for EVs 12 | $0.114/kWh |
TriEagle Energy
TriEagle Energy is one of the most popular power providers in Texas. Since it was established in 2002, it has served customers in Texas, New Jersey, and Pennsylvania. The company offers plenty of plans for different needs, including green plans.
TriEagle Energy most popular plans are:
| Plan Name | Rates |
|---|---|
| Real Deal 24 | $0.114/kWh |
| Real Deal 12 | $0.118/kWh |
| Golden Eagle 36 | $0.127/kWh |
| Real Saver 36 | $0.137/kWh |
| Green Eagle 2 | $0.140/kWh |
Types of Fort Worth Electricity Plans
While looking for the cheapest electricity rates to reduce your electricity bill, you may notice that every electricity provider offers different energy plans. Electricity providers in Fort Worth, Texas, work in a deregulated market, which means they can establish their prices and energy plans based solely on the market supply and demand.
When trying to find out the best plans, you should understand that there are three basic types of energy plans that you can choose from. Each of these plans has its pros and cons, so make sure to understand the difference between these kinds of energy plans. Based on your electricity usage and other electricity habits, you may choose between:
- Fixed-rate plans,
- variable -rate plans, and
- No-deposit plans.
Fixed-rate Plans
Fixed-rate plans offer a fixed rate for the electricity you use. This type of electricity plan is signed with a predetermined length of the use of the energy plan. If you want to end your contract early, you may have to pay an early termination fee.
These plans also enable you to avoid the surge in electricity prices, such as could be seen during the Texas blackout in the winter of 2020/2021. This is the kind of plan that we always recommend. Please find out the best electric company in Fort Worth for you and check out their electricity plan offer. You know what to look for.
Variable-rate Plans
Variable-rate plans offer great opportunities for saving on your energy bill. You can benefit from the seasonal downward fluctuations in the energy prices during the spring and the autumn. However, you will also be exposed to the upward trends in energy prices in the wholesale market.
Electric companies in Fort Worth pay a higher electricity price during summer and winter because of the increased demand. During summer, the AC units consume a lot of energy, and heating does the same during winter. Having this kind of energy plan will make you vulnerable to these fluctuations.
No-deposit Plan
If you choose a no-deposit energy plan, you could enjoy the benefits of no deposit placement and no credit score check. However, energy providers usually charge higher energy rates for these plans without a predetermined contract length. These no-deposit plans usually comprise other kinds of plans, such as:
- Pay-as-you-Go, and
- Prepaid Plans.
Green Electricity
Fort Worth electric companies offer green energy plans as a part of their standard electricity plan offer. Texas has been investing in green energy for years, and now they are the first US state by wind power production and second by solar energy generation. All this means that at least a portion of your energy will come from renewable sources if you decide to move to Fort Worth.
You can always choose to go for 100% green energy plans. These plans sometimes include a green premium, a slightly higher price than you have to pay that covers the extra expenses of establishing wind farms and solar PV plants. Thanks to significant Federal and state solar incentives, the green premium is likely to go down.
Business Energy Plans
Your electric company may also offer a customized electricity plan with lower electricity rates for business customers. You should contact your local energy providers and see what kind of energy rates they can come up with. Their offer will be based on your current electricity usage.
Finding the best electric company and electricity plans may take time, but you will be rewarded with significant savings for your business. Fort Worth electricity rates for businesses follow the deregulated energy market notions, which means your energy provider will always give you the best rates.
How To Find the Best Electricity Rates?
When deciding on the best electricity rate in Fort Worth and depending on your zip code, you will find yourself looking through dozens of electricity providers and hundreds of their power plans. To make your job of finding the best electricity rates in Fort Worth, the Texas government decided to make a single platform that makes it easy to find cheap electricity rates.
Go to Electricrate.com and it lets you compare Fort Worth electricity rates for residential and commercial energy. Choosing the best residential electricity provider was never as easy as it is now. You enter your zip code, and the platform displays every energy company working in the area. The information that the platform presents you with includes information such as:
- Fort Worth Electricity Providers’ name,
- Plan Details,
- Price per kWh (you can arrange the list, so it starts with the cheapest electricity rate),
- Pricing Details (the cancellation fee, the kind of plan (fixed-rate plan, how to save money, available bill credit, electricity facts label, etc.),
- Ordering Information – Contact Details
Contract Term
Contract term length is one of the most important factors to consider when choosing your electricity supplier. You may choose no-contract plans or plans with a fixed term length. Both approaches have their pros and cons.
If you decide to go for a monthly or no-contract plan, your monthly bill may be a little bit higher. However, some customers choose to go with these plans as they give you the freedom to change your supplier whenever you want, without paying an early termination fee.
In the second case, your electric rate will be much lower, but you will be bound to the same provider in Fort Worth. If you find a better offer or would like to switch to another provider, you have to pay a cancellation fee. The fee is usually $175, but you should check before signing any papers.
Usage Pricing
Usage-based pricing is the way that most providers present their energy prices. Depending on your zip code and your actual energy use, you may find that Fort Worth electric rates differ substantially. You should browse carefully and understand how much energy you use every month.
A home with electric heating will naturally have higher energy needs than an efficient home with energy-efficient appliances. You should browse for the best electric plans based on your actual usage and compare the energy rate offered by every provider. Before switching, contact your current provider and see if they can match the best energy plan you could find on electricrate.com.
Factors That Affects Electricity Rates
If you are on a variable rate plan, your electric rate may change substantially with seasons and fluctuations in supply and demand. To understand how and why the electricity rates in Fort Worth change, you should understand the factors that affect electricity rates:
- Fuels,
- Power Plant Prices,
- Transmission and Distribution Area System,
- Area Regulations, and
- Weather Conditions.
Fuels
Fuels make up the largest contributor to electricity rates in Fort Worth and ultimately to your electricity bills. The price at which power plants sell electricity is tied to the price of these fuels. The fuels used in traditional energy generation are coal, natural gas, and petroleum. With renewable energy, the scarcity keeps the prices high, although the prices of renewable energy generation have dropped by over 80% in the past decade. Currently, wind power is cheaper than coal power.
Power Plant Prices
Power plant prices are the next contributor that affects the electricity rate. Power plant construction, operations, management, and maintenance all have to be covered through the price of electricity in Fort Worth.
Transmission and Distribution Area System
The price you pay to retail electric providers also includes the costs of construction, maintenance, and management of power lines in Fort Worth. The utility company that operates in your area charges these services directly to the consumers.
Area Regulations
Some states have regulated energy markets with fixed energy pricing. Some other states, such as Texas, have a deregulated power market where energy needs and supply determine the prices. The fifth-largest city in Texas, Fort Worth, is not an exception here.
Weather Conditions
Extreme weather events can affect the energy price in your area. The best examples are heat waves during summer when electricity use and price skyrocket due to high AC usage. In the wintertime, heating and potential disruption to the fuel and electricity supply systems also drive the prices.
Energy Deregulation in Fort Worth
Energy Deregulation in Fort Worth and Texas as a state due to several years of energy price instability. Energy Deregulation took place in this state to ensure that the price of electricity was dictated by the market and not by the government to offer the best electric rate plans in Fort Worth.
Many companies have entered the market since then and managed to offer much lower electricity prices. However, energy deregulation in Texas also means that companies and utilities are more vulnerable to a power outage and the winter of 2020/2021 showed what can happen even if you buy one of the best plans in Fort Worth.
How To Change Your Electricity Providers?
Changing electric companies in Fort Worth is as easy as it gets and, in some cases, can be done without paying a cancellation fee. Fort Worth electric companies usually include whom to contact in case you want to switch your plan or for one of the electric companies with lower energy costs on their energy bill. Most energy providers do not charge cancellation fees on monthly or prepaid plans.
Fort Worth Power Outage: Who to Call?
If you experience a power outage in Fort Worth, you should contact Oncor right away, by:
- Phone: 1-888-313-4747,
- Email: [email protected],
- Chat, or
- Through Oncor Power Outage Texas Platform.
Oncor is the utility company servicing the Fort Worth area. Their job is to ensure power outages are taken care of and do not interfere too much with your daily life. In case of a power outage in your area, they are the people to call. If you wonder about ERCOT, you should know that ERCOT regulates the network and does not distribute electricity. Read ‘What is ERCOT?’ to learn more.
About Fort Worth
Fort Worth is located in the North of Texas. It is a city with 920,000 inhabitants and is currently one of the fastest-growing US cities. Together with Dallas, it makes up the Dallas – Fort Worth – Arlington metroplex, which encompasses 11 counties. Due to its size and rapid expansion, it has several enclaves and encompasses some other small cities and towns.
Fort Worth has a humid subtropical climate. It is in the hardiness zone 8 in the USA. It is characterized by very hot, humid summers and many sunny days – 229 sunny days, 24 days more than the US average. It also experiences 37 inches of rain every year.
The Fort Worth Street Railway Company was the first streetcar company in Fort Worth. It was established in December 1876, bought out the competitors that emerged in the meantime. Bishop and Sherwin Syndicate bought it out in 1901. The streetcars operated by the company were all-electric streetcars.
Fort North can be proud of its energy sources. In 2021, 23% of its energy came from renewable sources, such as wind, solar and hydroelectric. Nuclear accounted for another 10%, and the rest came from:
Natural gas – 46%,
Coal – 21%,
Other sources, such as windmill farms <1%.
Popular ZIP Codes
Fort Worth is the most popular destination in the USA to move to. On an average day, the number of inhabitants of Fort Worth increases by 250. This city will charm you with many restaurants, amazing food, lots of sunshine, and great energy deals.
Here is a list of the best Fort Worth neighborhoods:
| Place | Zip Code |
|---|---|
| Keller | 76248 & 76262 |
| Arlington Heights | 76107 |
| Southlake | 72096 & 76092 |
| Wedgwood | 76133 |
| Downtown | 76102 |
Living and Moving to Fort Worth
One of the reasons why so many people decide to move to Fort Worth is very low housing costs. The median home price in Fort Worth is just over $250,000. This is a relatively inexpensive place to live. The city also has a great transportation system, and the utility costs are just 1% higher than the national average. On the other hand, Housing Expenses are 5% lower than in the rest of the USA.
FAQs
What is the best energy provider in Texas?
There are several very good energy providers in Texas. The best electric companies in Fort Worth are:
– TXU Energy,
– 4Change Energy,
– Direct Energy,
– Gexa Energy,
– Green Mountain Energy, and
– TriEagle Energy.
Where does Fort Worth electricity come from?
Fort Worth electricity comes from the Texas Power Grid. Fort Worth residents use energy that comes from fossil fuels, nuclear and renewable power. You can contact your electricity providers to see if they have green energy plans that you could apply for.
What is a good energy rate?
Fort Worth’s electricity rates are lower than the USA average. That means that wherever you are in Texas, you will be paying some of the cheapest electricity rates in the country. The average energy price per kilowatt-hour in the USA is $0.1042, and in Texas, it is $0..798. Anything below this price is a bargain. Always check your plan’s electricity facts label.
What is the average electric bill in Fort Worth, Texas?
Fort Worth experiences energy prices that are a little higher than in the rest of the state. An average Fort Worth homeowner can pay as much as $0.1175 per kilowatt-hour of power consumed, which brings the average bill to around $170.
Conclusion
If you decide to move to Fort Worth, Texas, you will be thrilled to find out about what the place has to offer. Besides the amazing food and picturesque city outskirts, this place can boast some of the most affordable electricity rates in urban Texas. To find the best electric companies and the lowest electricity rates in Fort Worth, follow our instructions and enjoy cheap electricity rates all year long.
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