How to Find Cheap Electricity in Fort Worth

Key Takeaways

• Shopping for cheap energy is about more than just the electricity rate; you also want to consider provider reputation, contract terms, fees, and more.
• You can get lower electricity rates to save money, but you can also make lifestyle changes to further decrease your electricity bills.
• Early termination fees are a big factor when switching providers, as you may have to break a contract to get the lowest energy prices.

Fort Worth residents looking to save money on their electricity bills are in luck. With some careful planning and research, you can find electricity rates that won’t break the bank. Whether you switch electric companies to secure the best rates, employ energy-saving tips to lower your electricity bill, or combine multiple strategies to lower your energy costs, you can control electricity’s impact on your budget.

Below, we’ll explore tips for finding cheap electricity in Fort Worth, tips to save on electricity costs, how to compare different electricity plans, and more.

What Are the Best Tips for Finding Cheap Electricity in Fort Worth?

Searching for cheap electricity in Fort Worth requires you to be proactive and invest the necessary time to research the various electricity plans available. Let’s review a few tips to help you secure the best electricity rates and lower your power bill:

• Compare multiple electricity providers: With Texas’ deregulated energy market, you have the freedom to shop multiple electric companies and find the best Fort Worth electricity rates. You can use a site like Power To Choose to review the various energy rates and companies in your area. While checking, look beyond just the base rates and also consider early-termination fees, contract length, customer reviews, special offers, and more.
• Consider fixed-rate plans: Fixed-rate electricity plans may initially have higher rates than variable-rate plans, but they bring stability to your electricity bills. Instead of rates fluctuating and potentially shooting sky-high, fixed energy rates are guaranteed to remain the same for the entire energy contract. This can help you avoid the sudden price increases that variable-rate plans may experience.
• Check for promotions and discounts: Texas’ deregulated energy market is competitive, so some Fort Worth electricity providers offer special promotions or discounts for new customers. When shopping for cheap electricity in Fort Worth, look for these deals and incorporate them into your overall cost comparison.
• Consider your energy usage habits: Understanding your monthly usage pattern is critical, since this plays a big role when it comes to choosing the best Texas electricity plan for you. For instance, if you work from home or if you work a night shift and tend to use the most electricity during peak hours, it may be wise to not focus on off-peak electricity price Instead, you may be best suited for an electricity service that offers lower on-peak fees.
• While a lower energy bill is great, you also want to consider your preferences when choosing a Fort Worth electricity plan. For example, if you want to minimize your carbon footprint, renewable energy is one of your best bets. Some retail energy providers in Fort Worth offer green energy plans, some of which get some or all of their energy from renewable sources, such as wind or solar power; other green energy plans use renewable energy credits (“RECs”) to offset household electricity usage. While these plans may have slightly less competitive rates compared to plans that get energy from traditional sources, they can meet your desire to go green.

Are There Any Ways to Save on Electricity Costs in Fort Worth?

Finding the lowest rate on electricity from a reliable Fort Worth electric company is a great way to lower your electricity costs. However, there are other actions you can take to further reduce your electricity bills.

Install Energy-Efficient Appliances

Older appliances tend to use significantly more electricity and often deliver less reliable results. Swapping out these old, energy-heavy appliances with newer, more efficient ones can significantly lower your residential electricity use. Look for appliances bearing the Energy Star logo. Appliances with this logo have met the government’s strict energy usage guidelines to help reduce greenhouse gas emissions through reduced energy consumption.

Seal Air Leaks

Air leaks allow the climate-controlled air inside your home to mix with the unregulated temperatures outside. This can lead to excessive air conditioning use in the warmer months and heat use during the colder months. By finding and sealing these air leaks, you can cut your heating and cooling energy use by up to 40%.

Adjust Thermostat Settings

Heating and cooling make up over 50% of household energy use. So the temperature you set your thermostat to can dramatically impact your energy costs, regardless of your energy plan details.

You can lower your energy costs by setting your thermostat higher in the summer and lower in the winter when you’re not home or sleeping. If you struggle to remember to adjust your thermostat, you can install a programmable or smart thermostat that handles the adjustments for you.

Turn Off Lights and Unplug Electronics

Make it a habit to turn off lights any time you leave a room and when you leave your home. Also, even though you may turn off your electronics, many of them still draw some power. These are called energy vampires, and their energy costs can add up over time. So, instead of just turning off the television for the day, try unplugging it while you’re at work. To make things even simpler, you can plug multiple items into one power strip, so you can cut them all off from power by pressing one button.

Install Green Energy

Green energy is a great way to reduce electricity costs and help the environment. If you install solar panels on your home, you no longer need energy from the local utility company as long as the sun is shining. What’s more, if you produce more energy than you consume during the day, the power company may purchase that power back, offsetting your nighttime energy use. Alternatively, you can install solar batteries to capture this excess energy for use on cloudy days and at night.

Find out why over half a million Texans trust Just Energy!

How Do I Compare Different Electricity Plans to Find the Most Affordable Option in Fort Worth?

To find the cheapest electricity in Fort Worth, you’ll need to compare various electricity plans. While the kilowatt-hour (kWh) market price is one way to find the best electric company, you should also consider various other factors.

Compare Rates and Fees

While we stress that rates aren’t the only thing to consider when shopping for retail electricity providers, they are still the foundation of your search. With energy deregulation in Texas, Fort Worth energy providers can set their own rates. Finding the ones with the best rates is a great way to start your search.

When undertaking this search, always consider your energy usage. For example, if you mostly consume power during peak hours, you may want to focus more on peak-hour rates instead of off-peak rates. Also, consider any promotions that providers are offering new customers, such as bill credits for switching or free nights for a set period.

Review Contract Terms

Contract terms can be a huge part of selecting your next energy provider. You want to first look at the contract length. Energy providers may be willing to offer a slightly lower rate for a longer-term commitment. However, with prices constantly fluctuating, this could handcuff you if rates fall dramatically during your contract.

You also want to check out the cancellation fees and early termination fees. Switching providers regularly is often the only strategy that ensures you always get the lowest possible rate, but a huge early termination fee can make it financially irresponsible to change mid-contract.

Are There Any Government Programs or Incentives for Accessing Cheap Electricity in Fort Worth?

Fort Worth residents may be eligible for certain government programs or incentives to help lower their electricity costs. Some of the options include:

• Comprehensive Energy Assistance Program (CEAP): CEAP leverages federal funding from the Low Income Home Energy Assistance Program. CEAP provides financial assistance to low-income households to help cover their energy costs and offers energy education for ongoing savings.
• Energy Star rebates: We mentioned installing Energy Star-rated appliances earlier as a way to lower your long-term energy costs. However, replacing appliances can get expensive. Fortunately, you may qualify for a rebate on certain Energy Star appliances to help offset those costs.
• Texas Weatherization Assistance Program (WAP): The Texas Weatherization Assistance Program helps low-income households make their homes more energy-efficient through free weatherization services, such as insulation, weather-stripping, and energy-efficient upgrades. This can help lower energy usage and costs.

Live in Texas?
Learn more about Just Energy’s Texas Buyback program

How Do I Switch to a Cheaper Electricity Plan in Fort Worth?

Switching to a cheaper electricity plan in Fort Worth is straightforward, involving only a handful of steps.

1. Compare providers: Research and compare electricity providers in Fort Worth to find the plan that best suits you. Keep in mind that this is not only about the rates. You also want to consider their reputation, your energy needs, and other non-monetary factors.
2. Choose a new plan: After weighing your options and landing on a new retail electricity provider, it’s time to set up your new service. Contact the new provider to learn what you need to do to get set up. In some cases, you can set up your new service just by following instructions on the provider’s website.
3. Cancel your current plan: If you currently have an electricity contract, you’ll want to review the terms and conditions for any penalties or fees due to early termination. Ensure you have the money to cover these charges, then contact the provider to cancel your service and pay any fees.
4. Facilitate the switch: Give your new energy provider all the information they require to make the switch. The new provider will handle the transfer process to ensure a smooth transition.

What Are the Average Electricity Rates in Fort Worth?

As of August 2024, the average rate for residential electricity in Fort Worth is 17.98 cents per kWh. However, electricity rates are constantly subject to change, so it’s wise to check in with electricity providers for the most up-to-date rates. Also, this is only an average, and the rates you receive can vary based on provider, location, and other variables.

What Are Some Common Mistakes to Avoid When Searching for Affordable Electricity in Fort Worth?

When searching for affordable electricity in Fort Worth, it’s essential to avoid common mistakes that could end up costing you money. Let’s review a few common missteps to ensure you get the best possible energy provider for you.

• Not comparing rates: Comparing rates is the foundation of finding cheap electricity in Fort Worth. Not comparing various providers’ rates means you’re likely missing out on more affordable options.
• Overlooking contract terms: While base electricity rates are important, you must also consider the contract terms. Elements to consider include contract length, any hidden fees, early termination fees, per-kWh fee structure, and more.
• Not considering usage patterns: Understanding your electricity usage patterns will help you choose a plan that aligns with your needs and can potentially save you money. For example, if you work from home and consume most of your energy during peak hours, the off-peak savings may be less meaningful to you.

Saving on Electricity Frees up Your Budget for Other Needs

Budgeting is critical to living a successful financial life. Minimizing expenses where possible will help free up cash for other things. Thanks to the state’s deregulated energy market, Texans can save big on energy.

By following these tips and avoiding common mistakes, you can find cheap electricity in Fort Worth and save money on your monthly bills. Take the time to research and compare providers, consider additional energy-saving measures, and explore any available government programs or incentives. With careful planning and a proactive approach, you can access affordable electricity without compromising on quality or service.

Check out Just Energy’s competitive electricity rates to find a plan that suits your budget and lifestyle.

Brought to you by justenergy.com

All images licensed from Adobe Stock