How to Find it and What to Consider

Key Takeaways:

• Arlington, TX’s deregulated energy market allows you to shop among a long list of electricity providers and find the ones with the best rates and service.
• While the cheapest energy prices may be enticing, you want to also consider other variables, such as a provider’s customer service.
• You can even opt for green energy plans, which offer partial or 100% green energy production or renewable energy credits to help reduce or offset your carbon footprint.

Finding cheap electricity in Arlington can significantly impact your monthly expenses for the better, giving you extra cash for other monthly needs. But to do so, you must understand the ins and outs of Texas’ deregulated energy market and how to use it to your advantage.

Below, we’ll explore various aspects of navigating the energy marketplace and electricity pricing, including comparing energy rates, the availability of government assistance programs, tips for reducing your overall electricity costs, and much more.

How Can I Compare Electricity Rates in Arlington to Find the Cheapest Option?

You have many energy providers and energy plans to choose from, making comparing electricity rates in Arlington seem challenging. Fortunately, you have several methods to quickly and easily get through the comparison process and find the best electricity provider.

The first and most convenient method is using online comparison tools, such as Power To Choose, which aggregate rates, reviews, plan details, and more from different service providers in your area.

These tools allow you to view various plans side-by-side, helping you quickly identify cheap electricity in Arlington. These sites also allow you to see what special deals providers offer, customer reviews, contract length, and renewable energy options so you can ensure the energy provider you choose meets all your needs.

You can also check local electricity providers’ websites directly. They typically offer detailed plan information, such as electricity rates, special offers, terms, and conditions.

Also, consider bundling your utilities. Some providers offer lower rates if you combine electricity with other utilities, such as gas or internet. You may have to peruse the utility company’s website or contact its customer service team to learn about these bundling options, but the extra legwork can help you save every month.

Does Arlington Have Government Programs to Help Reduce Electricity Costs?

Various government programs in Arlington may help reduce your electricity costs. These state-run programs typically focus on low-income households or those facing financial hardship.

The Texas Department of Housing and Community Affairs administers the Comprehensive Energy Assistance Program (CEAP). This program helps low-income households meet their energy needs by providing financial assistance for energy bills and educating them on energy conservation so they can lower their energy costs.

Another state program is the Texas Weatherization Assistance Program (WAP), which uses funds from the U.S. Department of Energy and the Low Income Home Energy Assistance Program (LIHEAP). The WAP program helps low-income households become more efficient through energy audits and household repairs designed to increase efficiency.

You can also explore local initiatives, such as local organizations that can help you pay for electricity and other utilities when you hit a rough financial patch.

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How Do Fixed-Rate and Variable-Rate Electricity Plans Compare in Terms of Savings?

When shopping for energy plans, you’ll quickly notice two key categories: fixed-rate and variable-rate plans. Understanding these plans and how they differ is critical for managing your expenses effectively.

• Fixed-rate plans: These electricity plans lock in a specific rate for a contract duration. While these may not always be the cheapest upfront options, their benefit is they offer predictability because your rate will not change unexpectedly. The downside is you’ll still pay the contracted rate if energy rates fall.
• Variable-rate plans: The electricity rates for these plans fluctuate with market conditions. This fluctuation can lead to lower rates and energy savings during specific periods, but they can also spike unexpectedly, leading to higher bills.

When you choose between a fixed- and variable-rate plan, consider your risk tolerance and financial plans. A fixed-rate plan might be best if you’re most comfortable with a stable monthly budget. However, a variable-rate plan could be beneficial if you want to save now and are willing to risk potential savings.

It’s important to consider the broader implications of your choice.

Fixed-rate plans can provide peace of mind for households with tight budgets or those who just don’t want to deal with the stress of fluctuating costs. They also allow you to plan your monthly expenses more accurately. However, these plans lock your electricity rate for your contract’s duration. The only way to reap the benefits of lower electricity costs mid-contract is to pay any applicable early termination fee (ETF) and switch providers.

Variable-rate plans may be appealing if you’re financially flexible and are willing to monitor energy prices closely. By closely watching the energy market, you may be able to take advantage of lower rates during low-demand periods, potentially leading to significant savings over time. If rates start creeping upward and show signs they will continue this trend, you can pay the ETF and switch to a fixed-rate plan until rates fall again. However, this takes closely monitoring the rate trends and switching at just the right time.

Can Switching Electricity Providers in Arlington Save Money?

Absolutely. Switching electricity providers can help you save a considerable amount on your electricity bill.

Unfortunately, many residents fail to take advantage of Arlington’s deregulated energy market because it’s more convenient to remain with the same energy provider. However, you can significantly improve your financial situation by researching the energy market and switching to a more affordable plan.

Also, keep in mind that switching providers can still be worthwhile if you have to pay an ETF. For example, if you’re on a six-month electricity contract at 15 cents per kilowatt-hour (kWh) and use 1,000 kWh monthly, your typical electricity bill is $150. Over the six months, you’d pay $900.

If rates fall dramatically to 11 cents per kWh from a new provider, you will pay only $660 (1,000 kWh x 0.11) over the same six months if you switch. So, if you have an ETF of less than $240 ($900-$660), it makes financial sense to pay the fee and lock in the lower rate.

A mistake some Arlington residents make is only considering the per-kWh rate when choosing an electricity provider. The per-kWh rate is a great place to start, but it’s not an exhaustive comparison. You also want to review other details, such as:

• Contract terms: A shorter contract often allows you to change to a new provider more often without an ETF. However, it also means you’ve locked in your rate for a shorter period and could encounter higher average rates upon contract renewal.
• Cancellation fees: Changing electricity providers mid-contract can help you maximize savings, but breaking the contract requires paying an ETF. Review each provider’s ETF to ensure it’s reasonable and affordable.
• Additional costs: Base energy prices are just part of your electricity bill. Check the contract terms to see what other hidden fees the electric company may charge that can increase your monthly bill.
• Special promotions: One energy company may have a higher per-kWh rate but offer several months’ worth of bill credits or free nights for switching to it. Always apply these credits to your comparison to determine if they lower the overall monthly cost compared to opting for a company with a better base rate.
• Customer reviews: You can gain insight into each provider’s service quality through online customer reviews on sites like Google and Yelp.

What Are Some Energy-Saving Tips to Reduce My Electricity Bill in Arlington?

By finding cheap electricity in Arlington, you’ve only won one part of the battle of reducing your electricity bill. The other half of the process is making lifestyle changes that lower energy usage. You can dramatically cut your electricity bills by combining a lower energy rate and reduced monthly usage.

Some ways to reduce your electricity usage include:

1. Unplug electronics: Many devices are “energy vampires” and continue consuming power after you turn them off. You can help reduce energy waste by unplugging chargers and electronics when you’re not using them.
2. Upgrade to energy-efficient appliances: Old appliances can use far more energy than new, Energy Star-certified appliances. For example, an Energy Star-certified washing machine uses 25% less energy than a non-Energy Star one.
3. Use programmable thermostats: Adjusting your thermostat 7 to 10 degrees Fahrenheit for 8 hours a day — when you’re at work, for example — can save you up to 10% on heating and cooling costs. However, with everything going on in our daily lives, it’s easy to forget to change the temperature. That’s where a programmable thermostat can help.
4. Seal leaks and insulation: A well-insulated and sealed home can keep the hot or cool air outside and reduce heating and cooling costs. According to Energy Star, Arlington households see, on average, a   heating and cooling costs through home sealing and insulating.

How Does Arlington’s Electricity Market Deregulation Affect Pricing?

Deregulation of electricity service in Arlington — and across Texas — significantly impacts energy prices. In this deregulated marketplace, many retail electricity providers (REPs)  must compete to earn and retain customers. This competition often leads to lower prices and special offers.

Consumers are no longer stuck with just one local utility company serving their area with a single energy rate plan. You can choose the best electricity plan and provider from various options, encouraging competition.

However, having the power to choose also means you must be diligent in your research. You want to ensure you select the best electric company overall, not just the one with the cheapest electricity rates in Arlington.

Understanding the Deregulated Electricity Market Helps You Secure Cheap Electricity in Arlington

When looking for cheap electricity in Arlington, it’s key to understand how the deregulated market works in your favor. Thanks to this market, you can shop for a new REP anytime and even switch mid-contract if a lower rate can offset any early termination fee.

However, as we mentioned, always look at the entire package before you enroll with a new provider. The lowest rates may not always be the best option due to other issues, such as poor reliability or customer service.

Check out Just Energy and see our competitive Arlington electricity rates and other benefits, such as our plans that offset your household electricity usage.