Compare Dallas Electricity Rates (2023 Best Prices & Providers)

Here’s a quick overview of Dallas electricity rates:

Current average rate of retail electricity: 12.55 cents per kWh
Average monthly electric bill: $160
Average energy usage: 1,300 kWh

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Home Electricity Rates by State Texas Dallas

Written by Kristina Zagame

Reviewed by Melissa Smith

Updated as of March 13, 2023

Why You Can Trust EcoWatch

Our renewable energy experts have conducted hours of research and collected dozens of data points to determine the best energy rates in Dallas. We’ve also unbiasedly ranked and reviewed numerous energy companies to empower you to make the right choice for your home.

Whether you’re moving to the area and looking for power connection or simply shopping for the best electricity rates in Dallas, EcoWatch is here to help. We’ve narrowed down the top clean-energy providers in the city, and by using this tool or clicking the links below, you can compare prices and find the right plan for you.

Dallas has a “deregulated energy market,” which gives consumers the power to choose their own electricity provider. While the idea seems simple enough, deregulated energy can be a confusing industry to understand, and many consumers wind up paying way too much. Let’s compare electric rates in Dallas so you don’t overpay for energy.

Dallas Energy Rates

Dallas has had a deregulated energy market since 2002, allowing residents to shop for their own electricity providers.¹ There are over 100 different energy companies — and more still popping up — competing for your business. Looking at energy rates and plans can help you narrow down your choices.

The city’s retail electricity providers (REPs) offer plans that vary in price, contract terms, quality and environmental impact. On top of paying your REP, you’ll be charged an additional fee from your transmission and delivery utility company (TDU) to cover the cost of delivering electricity, meter reading, wiring and more.

If you live in or near the Dallas-Fort Worth metropolitan area, your TDU is likely Oncor.² Oncor’s current rates are about $0.04 cents per kWh of power usage, plus a monthly charge of $3.42. You’ll pay these charges no matter what energy plan or provider you choose, and they’ll be baked into the monthly bill from your provider.

Let’s dive into how to find the best electricity rates in Dallas, the differences in electricity providers and price points, and how to best navigate Texas’ deregulated energy market.

To find the best electricity rates, we recommend comparing prices from a few companies. As a trusted energy information source, EcoWatch is often able to secure discounted rates for our readers. You can use this tool or click below to be connected with local energy providers near you.

Comparison of Electricity Prices From Companies in Dallas

Here at EcoWatch, we strive for a more sustainable planet and encourage our readers to do their part when feasible. As such, we’ve chosen to highlight some of the best electric companies in Dallas that offer 100% renewable energy.

The chart below shows renewable energy plans and prices available throughout the Dallas area. Keep in mind that these electricity prices may not be exact, as rates can fluctuate daily.

Dallas Energy Plan	Term (Months)	Rate (¢/kWh) (1,000 kWh plans)*
MP2 Energy Power Choice 12 ePlan	12	13.4
MP2 Energy Power Choice 24 ePlan	24	12.5
Green Mountain Energy Pollution Free e-Plus 12 Choice	12	14
Green Mountain Energy Pollution Free e-Plus 24 Choice	24	13.9
Green Mountain Energy Pollution Free e-Plus 36 Choice	36	13.3
Green Mountain Energy Pollution Free e-Plus 60 Choice	60	12.4
Gexa Eco Choice 3	3	10.4
Gexa Eco Choice 5	5	11.2
Gexa Eco Choice 12	12	12.3
Gexa Energy Saver 12	12	14.9
Gexa Energy Saver 24	24	13.9
Gexa Energy Saver 36	36	13.6
Rhythm Simply Green 24	24	11.8
Rhythm Simply Green 36	36	11.4
Champion Energy Green Energy 12	12	13.9
Champion Energy Green Energy 24	24	13.1
Reliant 100% Solar 12 plan	12	13.9
Constellation Energy 12 Green Plan	12	14
TXU Energy Free Nights & Solar Days 12	12	16.2

^{*Rates will vary based on your TDU. You’ll see the above rates if your TDU is Oncor. These rates include the utility’s current charge of $0.04 cents per kWh. Rates are according to Texas’ Public Utilities Commission and are subject to change.3}

On average, a non-renewable plan might cost around 1 cent per kWh less than a clean energy plan. If you use 1,000 kWh per month, that will be about a $10 difference. If you’re outside of Dallas, you can check out this page for electricity rates around Texas.

Constellation Energy

Best National Company

EcoWatch rating

Average cost

Pros

Many years of experience
Great industry reputation
Award-winning company
No.1 producer of carbon-free energy in the U.S.
Makes charitable contributions

Cons

Charges contract cancellation fees
No prepaid or no-deposit plans

Get Estimate Click to get a free quote

Gexa Energy

Best Rates

EcoWatch rating

Average cost

Pros

Many years of experience
Great industry reputation
Makes charitable contributions
Low rates
Wide variety of contract term options

Cons

Charges contract cancellation fees
No prepaid or no-deposit plans
Slightly high number of complaints versus competitors

Get Estimate Click to get a free quote

Green Mountain Energy

Best Green Energy Options

EcoWatch rating

Average cost

Pros

Green-e certified plans
Wide variety of contract term options
Low number of customer complaints
Many years of experience
Makes charitable contributions

Cons

Charges contract cancellation fees
No prepaid or no-deposit plans
No satisfaction guarantee

Get Estimate Click to get a free quote

Reliant Energy

Best Plan Variety

EcoWatch rating

Average cost

Pros

Low number of customer complaints
Makes charitable contributions
Award-winning company
Wide variety of plan options
Many years of experience

Cons

No satisfaction guarantee
Charges contract cancellation fees

Get Estimate Click to get a free quote

TXU Energy

Energy Industry Veteran

EcoWatch rating

Average cost

Pros

Wide variety of plan options
Many years of experience
Great industry reputation

Cons

Expensive
Not as many renewable energy options as competitors
Charges contract cancellation fees

Get Estimate Click to get a free quote

How to Find the Best Electricity Rates in Dallas

When searching for the best electricity rates in Dallas, keep in mind that rates and the average cost of electricity can vary based on numerous factors, so you may be given a different electric rate than that of your neighbors. Here are a few things to consider:

Your Energy Usage

The amount of electricity your household consumes may affect the rate you pay per kWh. Most REPs offer tiered plans based on average energy usage. Tiered-rate energy plans are often called “V-shaped plans” because the rates are more expensive for people who use the least and most amounts of energy and are lowest for those in the middle.

For example, in a typical tiered plan, customers who use around 500 kWh or 2,000 kWh per month will pay more than those who use around 1,000 kWh per month. According to Oncor, the average customer uses 1,300 kWh per month.⁴

Contract Length

The length of the contract will also play a factor in the cost of your electricity. As with most things, the longer you commit to one provider, the better deal you’ll get. We’ll discuss the different types of electricity plans in the next section.

A word of caution: Read the fine print and ask questions before you sign. Many contracts come with startup fees as well as cancellation fees for early termination. And while some Dallas electricity providers advertise a $10 cancellation fee, the fine print may read that it’s really $10 per month left on the contract.

Electricity Facts Label

When shopping for energy, always ask for a provider’s Electricity Facts Label (EFL). Similar to a nutrition label you see on your favorite snacks, an EFL will give you all of the information about a company’s electricity prices, contract lengths and terms, sources of generation, and emission levels.⁵Here’s an example of what that’ll look like:

Types of Electricity Plans in Dallas

When choosing an energy provider in Dallas, you’ll be presented with a few plan options. Here’s an overview of the types of electric plans offered in Dallas, as well as their pros and cons, so you can pick which plan works best for you.

Fixed-Rate Plans

Just as it sounds, a fixed-rate plan allows you to secure a rate that will stay the same throughout the entire duration of your contract. Note that “fixed rate” does not mean that your electric bill will be exactly the same every month. Instead, it means the rate you pay per kilowatt-hour (kWh) of electricity won’t change. So, your bills will still be higher during months you use more electricity.

Fixed rate energy plans in texas have fixed prices width=“441” height= — ^{With a fixed-rate plan, you’ll pay the same amount month over month for each kilowatt-hour of energy you use. This ensures your rates will stay the same even when the market rate of electricity fluctuates. Some months, you’ll pay less than the market rate, and others, you’ll pay more.}

Variable-Rate Plans

If you prefer paying month-to-month instead of being locked into a length-based contract, you may consider a variable-rate electric plan. Variable rate means — you guessed it — the price you pay is based on variables in the energy market. The price per kWh will increase or decrease depending on supply and demand.

Pros of a Variable-Rate Energy Plan in Dallas	Cons of a Variable-Rate Energy Plan in Dallas
If the price of energy drops, there may be some months where a variable-rate electric customer will be paying less per kWh than someone on a fixed-rate plan.	Variable rates can be very risky given the extreme weather or other factors that can suddenly — and drastically — increase the price of electricity.

We saw the biggest risk of the variable-rate plan during the winter storm of February 2021, when millions were in the dark due to a massive power outage. Texans who kept their lights on paid the price, with at least one customer facing an electric bill over $16,700.⁶ Texas power companies were reportedly overcharged $16 billion dollars by the electric grid operator.

^{With a variable-rate plan, prices change each month based on the market rate of electricity. Some months, you’ll pay less than homes with fixed-rate plans, and others, you’ll pay more. You may also see surprisingly high bills during extreme fluctuations.}

No-Deposit and Prepaid Energy Plans

Many power plans require a deposit upon signing a contract to protect the REP from losses should a customer be unable to pay their energy bill. However, certain companies will offer a no-deposit electricity plan option so long as the customer passes a credit check. If the customer doesn’t have a high enough credit score for a no-deposit plan, they can still avoid paying a deposit by opting for a prepaid, or “pay-as-you-go,” electricity plan.

With a prepaid plan, the customer pays in advance for a set amount of electricity. The good news is that the customer is able to track their electricity usage online and can reload the account when it runs low. However, rates are not fixed in a prepaid plan, so it can be harder to plan out expenses.

Pros of a Prepaid Energy Plan in Dallas	Cons of a Prepaid Energy Plan in Dallas
The obvious — no deposit. All of the money you pay to the energy provider goes directly toward powering your home.	You’ll have to pay for your electricity upfront and remember when to top up your meter.
You have total control over how much you spend on your electricity.	Your power will be automatically shut off if you hit the threshold of electricity you paid for (this can be avoided by actively monitoring your usage or enrolling in an auto-pay plan).
You don’t have to sign a contract that may come with cancellation fees.	You’ll pay a higher rate per kWh compared to other plans (in most cases).

Green Energy Plans

Green energy plans are those that supply electricity from renewable energy sources. That’s going to be primarily wind and solar energy in Texas.⁷

Some REPs may have Green-e Verification or a similar certification to ensure that the electricity is responsibly generated, transmitted and distributed. Non-green energy plans, at least in Texas, rarely meet 25% of their total energy from renewable sources.⁸ Most green energy REPs will still offer variable- and fixed-rate plan options; the main difference is where their energy comes from.

Pros of a Green Energy Plan in Dallas	Cons of a Green Energy Plan in Dallas
You can feel good about where your electricity is coming from.	On average, renewable plans cost around 1 cent per kWh more than non-renewable plans. (If you use 1,000 kWh per month, that will be about a $10 difference.)
You can support clean energy without the large upfront investment of solar or wind.	They’re not offered by all energy companies, so you’ll have more limited options when choosing a provider.

Business Energy Plans

Not all REPs will provide commercial electricity. If you’re looking for a supplier for your business, you’ll want to make sure the provider offers business energy rates. Business energy plans may also apply to industrial sectors, schools, government buildings and churches.

Most business energy providers will offer variable or fixed-rate electricity services.

If you’re not sure which plan is right for you, can use this tool or click below to be connected with local energy providers who can help.

Electricity Companies and Providers in Dallas

As mentioned, there are well over 100 different energy providers in the Dallas area. EcoWatch has chosen to focus on REPs that get their basic power from a clean energy source, like solar or wind power.

Here are a few examples of the best energy companies in Dallas and what makes them the best suppliers by our standards.