Fort Worth Electricity Rates & Companies

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Written By:
Anna Grisham
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By:
Thad Warren
On:
November 5, 2024

Best Electricity Rates in Fort Worth

Get the Best Electricity Rate in Fort Worth

We understand that the energy industry can be overwhelming and confusing, which is why we strive to simplify the process of finding the right plan for you. Our unique approach involves analyzing your past energy consumption to match you with a plan that best suits your needs.

With our help, you can save time and energy trying to navigate the complex world of electricity plans. Trust us to take the lead and find you the ideal plan, quickly.

Best Energy Providers in Fort Worth

Switch Electric Companies in Fort Worth

Are you looking to switch your electric provider in Fort Worth, Texas? Choosing a reliable energy provider doesn't mean you need to pay more for electricity. Here is everything you need to know to get the best electricity rate for your home.

  1. Energy Usage Is Important: Electricity plans have rate structures that change based on how much electricity you use. For example, you might pay 13¢ per kWh if you use 2,000 kWh or 14¢ if you use 500 kWh per month. The best way to find the plan with the lowest cost is to match your usage to the specific plan you are looking at. You can do this by reviewing old bills, or you can use GridHacker to fetch your energy usage from Oncor for free. Then we will show you the plans that will save you the most money.
  2. Avoid Free Nights and Bill Credit Plans: These plans sound great on the surface but they are almost always going to result in higher electric bills. Our data indicates that the average person will spend about 30% more on electricity when they enroll in a free night or bill credit plan than a traditional fixed-rate electricity plan.
  3. Check for Early Termination Fees: Most electricity plans will have an early termination fee. Sometimes it's relatively small and other times it can be hundreds of dollars. If you are currently enrolled in a plan make sure to check that switching early won't result in an unexpected fee.

Types of Energy Plans in Fort Worth

There are several types of electricity plans available in Fort Worth, Texas. These include:


Fixed-rate plans in Fort Worth

These plans offer a fixed rate for the length of the contract, typically between 6 and 36 months. Customers on a fixed-rate plan will pay the same price for their energy usage each month, regardless of fluctuations in the market.


Variable-rate plans in Fort Worth

These plans have rates that can fluctuate based on the market price of electricity. Customers on a variable-rate plan may see their rates go up or down each month.


Green energy plans in Fort Worth

These plans offer electricity generated from renewable sources such as solar or wind. Customers on a green energy plan may pay a slightly higher rate for their electricity, but they can feel good about supporting renewable sources.


Prepaid plans in Fort Worth

These plans allow customers to pay for their electricity usage in advance. Customers on a prepaid plan will not receive a monthly bill, but they will need to monitor their usage and add funds to their account as needed.

It's important to compare different plans and choose one that best fits your needs and budget. You can compare electricity plans in Fort Worth by contacting the various electricity providers in the area and asking about their available plans and rates.


Electric Utilities and Providers in Fort Worth

There are two types of electric companies in Fort Worth that you are likely familiar with. Utilities and providers. Keep reading to learn more.


The Electric utility in Fort Worth is Oncor Energy

The electric utility in Fort Worth is Oncor Energy. They are responsible for maintaining the electricity grid and delivering electricity to homes and businesses through a network of power lines and other electrical infrastructure.

When you have a power outage your utility company is responsible for making the repairs.


Electricity Service Information in Fort Worth

Report an electricity outage in Fort Worth

To report an electricity outage or downed power line, contact Oncor Energy at 888-313-4747.

You can also report an outage with Oncor online here.

Shop cities nearby to Fort Worth

Fort Worth zipcodes

76101 76102 76103 76104 76105 76106 76107 76108 76109 76110 76111 76112 76113 76114 76115 76116 76118 76119 76120 76121 76122 76123 76124 76126 76129 76130 76131 76132 76133 76134 76135 76136 76137 76140 76147 76148 76150 76155 76161 76162 76163 76164 76166 76177 76179 76181 76185 76190 76191 76192 76193 76195 76196 76197 76198 76199

Other energy resources for Fort Worth

Fort Worth Electricity FAQs

The cheapest electricity provider is 4Change Energy, with a rate as low as 9.9.

The electric utility in Fort Worth, Texas is Oncor. Some areas of Fort Worth may be served by other utilities or co-ops. You can find the utility for your address here.

There are several ways you can lower your electricity bill in Fort Worth:

  1. Use energy-efficient appliances: Replacing your old appliances with Energy Star certified appliances can help you save on your electric bills. These appliances are designed to use less energy and can help you reduce your energy consumption.
  2. Turn off lights and appliances when not in use: Leaving lights and appliances on when you're not using them can add up on your electricity bill. Make a habit of turning off lights and appliances when you leave a room or when you're finished using them.
  3. Use natural light: During the day, open blinds and curtains to let in natural light instead of turning on the lights. This can help you save energy and lower your electricity bill.
  4. Install a programmable thermostat: A programmable thermostat can help you save on your electric bills by allowing you to set a schedule for your heating and cooling system. You can set the thermostat to turn off when you're not home or when you're asleep, which can help you reduce your energy consumption.
  5. Shop around for a better electricity rate: The cost of electricity can vary significantly among different providers. By shopping around and comparing rates, you may be able to find a better deal and lower your electric bills

Transmission fees, also known as delivery fees, are charges from your utility company for delivering electricity from the power plant to your home or business. These fees cover the maintenance of the power lines, poles, and other infrastructure necessary to keep electricity flowing safely and reliably to your location.

Even though you pay your electricity bill to your energy provider, the transmission fees are set by the utility and are included in your bill as a separate charge. These fees are regulated by state agencies to ensure fairness​​.

In the energy market, especially in states like Texas, it’s important to understand the distinction between a utility and an energy provider:

  1. Utility (TDSP or TDU): The utility company is responsible for the physical infrastructure—like power lines and meters—that delivers electricity to your home or business. They maintain the grid, handle outages, and ensure safe delivery of electricity.
  2. Energy Provider (Retail Electric Provider or REP): The energy provider is the company you choose to purchase your electricity from. They set your electricity rates, provide customer service, and handle your billing. While you can switch providers to get a better rate, the utility remains the same based on your location.

In short, the utility delivers the electricity, and the energy provider sells it to you​​.

Choosing the right electricity provider in Fort Worth can feel like a daunting task, but with the right approach, you can find a plan that suits both your energy needs and budget. Here’s a step-by-step guide to help you make an informed decision:

1. Understand Your Usage Patterns

Start by analyzing your electricity usage. Do you use more power during the day or night? Are your energy needs consistent throughout the year, or do they spike during certain seasons? Understanding your usage patterns will help you choose between different plan types, such as fixed-rate, variable-rate, or time-of-use plans.

2. Know the Difference Between a Utility and a Provider

In Fort Worth, Oncor is the utility responsible for delivering electricity to your home, maintaining power lines, and handling outages. They do not sell electricity. Instead, you choose an electricity provider, also known as a Retail Electric Provider (REP), who sets the rates and terms for your electricity plan.

3. Compare Electricity Plans

Use a comparison tool like GridHacker to easily compare different electricity plans available in Fort Worth. Look at the following factors:

  • Rate per kWh: This is the price you’ll pay for each unit of electricity you consume. Be wary of promotional rates that might increase after a certain period.
  • Plan Type: Fixed-rate plans offer price stability, while variable-rate plans might fluctuate with the market. Time-of-use plans charge different rates based on when you use electricity.
  • Contract Length: Consider how long you’re willing to commit to a plan. Some contracts are as short as 3 months, while others can last up to 36 months.
  • Additional Fees: Look for any hidden fees such as early termination fees, minimum usage fees, or monthly service charges.

4. Check the Electricity Facts Label (EFL)

Each plan comes with an Electricity Facts Label (EFL) that provides detailed information about the plan's pricing, contract terms, and any additional charges. Reviewing the EFL will give you a clear picture of what you’re signing up for.

5. Consider Renewable Energy Options

Fort Worth offers a variety of green energy plans that source electricity from renewable resources like wind and solar. If sustainability is important to you, look for plans that offer a high percentage of renewable energy.

6. Read Customer Reviews and Ratings

Before committing to a provider, check customer reviews and ratings online. This will give you insight into the provider's customer service, billing practices, and overall reliability. We have ratings for every electricity provider in Fort Worth here.

7. Watch Out for Promotions and Discounts

Some providers offer promotions such as bill credits or discounts for signing up online. While these can be enticing, ensure that the base rate is still competitive and that you understand the terms.

8. Make the Switch

Once you've selected a plan, switching providers is simple. Your new provider will handle the transition with no disruption to your service. Just make sure there are no early termination fees with your current plan before making the switch.

An Electricity Facts Label (EFL) is a standardized document required by the Public Utility Commission of Texas (PUCT) that provides a clear and detailed breakdown of the essential components of an electricity plan. The purpose of the EFL is to ensure that consumers can easily compare different plans and make informed decisions based on transparent and consistent information.

Here’s what you’ll typically find in an EFL:

  1. Energy Charge: This is the cost of the electricity itself, usually expressed in cents per kilowatt-hour (kWh). The energy charge can be fixed or variable, depending on the type of plan.
  2. Base Charge: Some plans include a flat fee that you pay regardless of how much electricity you use. This base charge is often listed separately and can affect your overall cost, especially if your electricity usage is low.
  3. TDU Delivery Charges: The Transmission and Distribution Utility (TDU) charges are fees for delivering electricity to your home, maintaining the grid, and covering related infrastructure costs. These are typically passed through to you by the electricity provider and are included in your monthly bill. They can be a significant part of your total cost, so it’s important to consider them when comparing plans.
  4. Usage Credits or Discounts: Some plans offer bill credits if you use a certain amount of electricity each month. For instance, a plan might provide a $30 credit if your monthly usage exceeds 1,000 kWh. These credits can help lower your bill, but only if your usage falls within the specified range.
  5. Contract Terms: The EFL outlines the length of the contract, which could range from a few months to several years. It also details any early termination fees you might incur if you cancel the plan before the contract ends.
  6. Renewable Content: If you're environmentally conscious, you'll want to pay attention to this section. The EFL will specify the percentage of electricity sourced from renewable energy, which can help you choose a greener plan.
  7. Other Fees and Charges: The EFL will also list any other fees that might apply, such as late payment fees, fees for paper billing, or additional charges for using certain payment methods.

Why the EFL Matters When Shopping for an Electricity Plan in Texas

In Texas, the electricity market is deregulated, which means you have the power to choose your electricity provider and plan. However, with so many options available, it can be overwhelming to decide which plan is best for you. This is where the EFL comes in handy. By comparing the EFLs of different plans, you can see beyond the flashy marketing claims and understand the real costs involved.

For example, you might come across a plan that advertises a super low rate. But when you dig into the EFL, you discover that the low rate only applies if you use exactly 1,000 kWh in a month—use less or more, and your rate could skyrocket. Without the EFL, it would be easy to overlook these details and end up with a plan that’s not actually as good as it seems.

How to Use the EFL When Comparing Plans

When you’re comparing electricity plans, the EFL allows you to do an apples-to-apples comparison. Here’s how you can use it effectively:

  1. Look at the Rate Structure: Check whether the energy charge is fixed or variable. If it’s variable, understand how it can change over time.
  2. Consider Your Usage: Analyze the rate at different usage levels (500 kWh, 1,000 kWh, 2,000 kWh) to see how your monthly bill might vary.
  3. Examine the Fees: Don’t ignore the TDU charges, base charges, and any potential penalties for early termination. These can add up quickly.
  4. Check for Bill Credits or Discounts: If a plan offers usage credits, think about whether your typical monthly usage will allow you to take advantage of these credits.
  5. Pay Attention to Contract Length: Make sure the contract term aligns with your needs. If you might move soon or prefer flexibility, a shorter contract or a month-to-month plan might be better.

Key Takeaway: The EFL is Your Best Tool for Informed Decision-Making

The Electricity Facts Label is the key to making an informed decision when choosing an electricity plan in Texas. It provides transparency, allowing you to see exactly what you’re signing up for, without any hidden surprises. By carefully reviewing the EFL, you can ensure that the plan you choose aligns with your budget, usage habits, and preferences. So, the next time you're shopping for electricity, make sure to scrutinize the EFL—it’s your roadmap to avoiding unexpected costs and finding the best deal.

You can find more information about EFLs and how to read an EFL here.