Fort Worth Electric Companies Offer Choice
More than 150 years ago, Fort Worth was a pretty sleepy town at the end of the road. Talk about a big turnaround! Today, the Panther City is one of the largest cities in the United States and continues to embrace its reputation as a fine arts center – just one of the many ways it distinguishes itself from its larger neighbor to the east.
Fort Worth is also located within one of the areas of Texas where electricity choice is offered – and finding the best Fort Worth electricity rates is easy! SaveOnEnergy.com® lists plans from many of the most popular providers offering Fort Worth electric rates attached to a variety of supply rate structures. Our site is a one-stop shop for comparing the different offers for Fort Worth electricity rates and purchasing a supply plan that best fits your needs. All it takes is spending a few minutes comparing Fort Worth electricity rates and plans and you could find a retail energy provider that meets all your needs.
How choice changed the Fort Worth electricity business
Deregulation – the industry name for electricity choice in Texas – changed the relationship between the customer and the utility.
Today, residents of the Metroplex are within the service area of Oncor. Basically, Oncor serves as your local transmission and distribution service provider (commonly called a utility) and is responsible for delivering Fort Worth electricity to your home or business. Even though the utility once provided residents with their Fort Worth electricity supply directly (when it was still known as TXU Electric Delivery) you cannot purchase your power supply from Oncor today. Instead, residents and business owners must purchase power from one of the many Fort Worth energy companies in the competitive market.
Types of Fort Worth electricity plans available
When you shop for supply plans from Fort Worth energy providers, you should compare more than just the electricity rates of the many options. Although price should factor into your decision about which of the Fort Worth electric companies you choose, supply plans may feature other benefits that could trump electricity rates. The type of plan you choose, for example, can go a long way in ensuring your satisfaction with Fort Worth electric companies. Here are the most common plan types you will find with most energy providers:
- Fixed rate
Fixed-rate plans offer price protection. Essentially, when you sign up for a fixed-rate supply plan with one of the electric companies in Fort Worth, you agree to pay a secure supply rate for the entire duration of your contract. You don’t have to worry about fluctuating month-to-month supply rates and you can enjoy a more predictable energy bill, as long as your monthly consumption doesn't change.
- Variable rate
Those interested in purchasing a variable-rate supply plan will find that this is the opposite of a fixed-rate plan. A variable-rate plan's supply price fluctuates with the electricity market, and Fort Worth electric companies usually don't place limitations on how high or low the supply rate can fluctuate. Customers can take advantage of the lowest lows but must also be prepared to pay the highest highs of the electricity market. These plans are often month-to-month, so customers can change to a new plan at the end of the month.
- Indexed rate
Another plan option offered by some Fort Worth electric companies is the indexed rate. This type of supply plan may have an introductory rate on Fort Worth electricity followed by a supply rate that depends on the market price of a certain commodity, such as natural gas. The price you pay is usually capped at a particular rate set by your Fort Worth electric company.
- Green energy plans
No matter what type of supply plan you are looking for as you shop for Fort Worth electricity, you are sure to find many that include green energy. If you're interested in supporting renewable energy or reducing your carbon footprint, there are plenty of Fort Worth energy companies with green energy product options for you to choose from. Since Texas is the biggest wind energy producer in the nation, you can even find plans that support 100% Texas renewable energy.
The best way to shop the Fort Worth energy companies
Texas residents and business owners who live in deregulated areas need to shop for a retail electric provider, because utilities such as Oncor cannot sell electricity directly. This makes the electricity market very competitive, especially among Fort Worth energy companies. It can even encourage energy companies in Fort Worth to offer innovative options for residents.
Regularly comparing supply rates and plan options can help consumers be sure they are getting the best deal on energy. If you are paying a supply rate that is not as low as the prices competitively offered, it may be time to switch Fort Worth energy companies. You also might be happier with another provider's features and incentives. Compare your Fort Worth electricity rates with the providers featured on SaveOnEnergy.com today!
Compare electricity rates in these Fort Worth ZIP codes:
Source: fortworthtexas.gov. Updated: 6-1-15.