Fort Worth electricity rates

The deregulated energy market in Fort Worth, Texas, gives customers the power to choose energy providers that work for them. We know comparing electricity plans and rates across multiple electric companies can be confusing. 

That’s why we offer the free Choose Texas Power marketplace to compare and locate the best energy companies near you. We work with reputable companies in Fort Worth to help you choose energy plans that suit your home or business. 

Texas is known for its sweltering temperatures between June and September, often leading to a spike in energy demand. To avoid the high summer rates that are likely approaching in Fort Worth, it’s best to shop for electricity plans during spring, fall, and winter when temperatures are more moderate. Enter your ZIP code to find affordable energy plans in Fort Worth at any time of the year.

Fort Worth electric companies

Most of Texas has a deregulated energy market, meaning energy customers have the power to choose their electricity provider (also called retail electric providers or REPs). Consumers in Fort Worth have a range of electricity companies to select from, and Choose Texas Power can help you choose energy rates that work for you.

Energy providers are responsible for offering electricity plans, bills, rates, and customer service. On our marketplace, you will find plans from reputable providers in Fort Worth, including 4Change Energy, Frontier Utilities, and TXU Energy. You can switch providers but cannot change your utility company. 

Your address determines your utility. Your utility company’s main role is to deliver electricity to your home through power lines and transformers. The utility is also responsible for maintaining electrical equipment, restoring power during outages, fixing downed electrical lines, and responding to other emergencies related to the grid. In Fort Worth, the utility company is Oncor Electric Delivery.

Types of electric plans

When you use our marketplace to compare electricity plans in Fort Worth, you’ll likely encounter the following options: 

• Fixed-rate plans: Often, these plans provide the most affordable prices because your rates remain the same throughout your contract, offering the most stability for your budget. If you cancel your plan early to switch providers, you may have to pay an early termination fee (ETF). 
• Variable-rate plans: These plans may start with a low rate but can change with market price fluctuations. You can switch variable-rate plans because you’re not under contract with your supplier.
• No-deposit plans: Electricity suppliers might conduct a credit check before starting a new service. With a no-deposit plan, such as a prepaid plan, you bypass this step and pay as you go for energy service. When your balance runs out, your supplier notifies you to add more funds.

Are Fort Worth electricity prices increasing?

In short: They might be. The Bureau of Labor Statistics reported that electricity prices in the U.S. increased from $0.147 kWh in January 2022 to $0.168 per kWh in January 2023, with energy bills rising by 14% over 2022. 

Past energy price trends in Fort Worth show that rates tend to increase in the summer months and decrease in milder months, which, depending on weather events during the year, could include spring, fall, and even winter. However, though we expect rates to rise in 2023, the increase may be less drastic. Shop for cheap electricity rates in Fort Worth now before summer temperatures drive up demand.

Electric rates in my area

Utilities charge customers transmission fees for supplying energy to their homes. These fees are specific to the service area. What one customer pays in one area of Fort Worth may be very different from another consumer in another area. You can use your ZIP code to explore plans and compare electric rates near you in Fort Worth. 

Commercial electricity rates

If you are a business owner in Fort Worth, you can also use our marketplace to find the best electricity company near you. Fill out our business energy form or contact our energy specialists at the number on your screen to secure cheap electricity today.

Green energy plans

Texas is a national leader in installed renewable energy capacity. The Lone Star State ranks first in wind energy production. It is also a leader in solar power generation.

Every electricity plan in Texas offers some percentage of renewable energy. Check your plan’s Electricity Facts Label (EFL) to find the exact percentage of renewable energy.

Since green energy is so prevalent in Texas, it’s easy for residents to find 100% green-powered plans. There are even Fort Worth REPs that exclusively offer 100% green energy plans. Gexa Energy is one such provider in Fort Worth.

Are you moving to Fort Worth?

With over 950,000 residents, Fort Worth is a lively city known for landmarks like the Fort Worth Stockyards and the Chisholm Trail. Fort Worth is the fifth-largest city in Texas, which means there is a strong sense of competition among electricity providers. They offer attractive energy rates for residential and commercial customers. If you are moving to this city, you can use the Choose Texas Power marketplace to find and sign up for the best electricity rates in Fort Worth.

Fort Worth energy FAQs

Who has the cheapest electricity rates in Fort Worth, Texas?

At the time of writing, 4Change Energy, Express Energy, Gexa Energy, and Frontier Utilities offer some of the cheapest rates in Fort Worth. Prices are subject to change, so if you find an affordable rate on the Choose Texas Power marketplace, secure it before prices go up this summer.

How can I choose a Texas electric provider?

The Texas electric provider for you will depend on several factors. Consider plan term length, price, additional plan features, kWh usages, and provider history when choosing a plan to ensure you’re happy with your Fort Worth electricity company.

What is the official Texas power to choose website?

PowerToChoose.org offers Texas electricity plans, but ChooseTexasPower.org offers a unique, unbiased comparison among plans that allows you to choose energy rates wisely.

What is a good kWh rate in Texas?

Finding a great rate in Texas depends on the time of the year; electricity rates in Texas generally decline as demand decreases due to milder weather. This makes seasons like spring, fall, and even winter better times to shop than hot Texas summers, when demand often spikes.