Comparing the Best Electric Companies in Grand Prairie, Texas 2024

Admit it, you can’t live without electricity. With most things that make life convenient and comfortable reliant on electric power, lack of electricity would impact our daily lives. But let’s face it. Due to the unending hike in electricity rates, our energy usage can put a big dent in our budget if we’re not careful. That’s why finding an electricity company with the best rates makes financial sense. 

Areas in the country with deregulated electricity have the freedom to choose from several electricity providers. Grand Prairie is one of those places. So if you live in the area, you can somehow lower your electricity bill by picking an energy provider with the most affordable electric rates. 

Let’s look at how Grand Prairie electricity rates stack against the state and national electricity prices and which power providers have the cheapest electricity rates. Hopefully, this will help you save money on your energy expenses.  

Grand Prairie Electricity Rates

As we mentioned, Texas’s deregulated electricity market lets you pick among several Grand Prairie electricity companies. The great news is that most of these energy providers offer competitive per kWh rates. 

We’ve compiled this table to make it easy to compare electric rates and determine which energy plan will be easiest on your pocket. Enter your zip code on our website for a more comprehensive list.

Average Electric Bill in Grand Prairie, Tx

In Grand Prairie, residential consumers pay an average of 10.57 cents per kWh. This amount is lower than the state’s per kWh average rate of 12.62 cents and the national average of 14.84 cents for every kWh. 

With this rate, homeowners in the city typically shell out an average of $109.61 for their monthly power expenses. In comparison, households in Texas have an average electricity bill of $138.88 per month. Meanwhile, the country’s monthly electricity bill average stands at $131.84. 

When it comes to commercial electricity, 9.06 cents per kWh is the median rate in Grand Prairie. The Lone Star state average rate stands at 8.76 cents per kWh, while the country’s average rate is 11.93 cents per kWh. 

Remember, these numbers are just averages, and everyone’s situation differs. Moreover, the electricity prices include utility transmission charges, which vary depending on the distribution utility. That’s why the rates differ from city to city, even for the same electricity plan. 

You can search for Grand Prairie electricity rates in your specific location if you want the exact figures. Enter your zip code to browse and compare the different rates and plans in the city. 

Grand Prairie Electric Companies

Grand Prairie is no stranger to energy needs, and luckily, it’s home to a host of electricity providers ready to serve you. Because of deregulation, you’re not tied to your utility company when it comes to your energy supply. As such, the fact that several energy providers operate in the city is great news. 

Whether you’re searching for competitive rates, renewable energy options, or top-notch customer service, this city has plenty of options. So let us help you get on with your search through this list of reliable Grand Prairie electricity providers. 

Factors That Affect Electricity Rates

We’re sure you noticed how your electricity bills fluctuate from one billing cycle to the next, even if you consumed the same amount of electricity. That’s because your energy usage is just one factor that determines the figure you see on your energy bill. Other forces come into play that can drive the electric rates in Grand Prairie up or down. 

Let’s explore some of these factors and uncover why electricity bills swing up and down like a pendulum. 

Fuels

Fuels are used to generate electric power, so the factors that affect fuel prices also influence the electricity rates in Grand Prairie. First off, some fuels are more expensive than others. For instance, traditional fossil fuels like coal and oil can sometimes be costly to extract, transport, and process. These expenses can trickle down to consumers in the form of higher per kWh prices. 

Fuel availability and price fluctuations can also determine how much you pay for your energy consumption. Some fuels, like natural gas, are prone to price volatility due to factors like supply and demand and geopolitical issues. Sometimes, events that happen halfway across the globe can impact fuel prices in the US, thus hiking the electricity rates in Grand Prairie. 

Power Plant Prices

Building a power plant requires a substantial amount of money. These costs include the purchase of land, construction materials, equipment, and labor. Naturally, these expenses have an impact on electricity rates. If a power company invests a significant amount in constructing a new plant or upgrading an existing one, it will factor in those costs in their per kWh rate pricing. 

The same goes for the operation and maintenance costs of the plant. These expenses include inspections, repairs, equipment upgrades, and compliance with environmental regulations. The electric company typically adjusts its prices to account for the amount it put into those activities. 

Different power plants have varying cost structures. Renewable energy sources like wind and solar often have higher construction costs but require fewer greenbacks to maintain than power plants relying on fossil fuels. These cost differences can impact electricity rates depending on the energy mix in a particular region. 

Transmission and Distribution Area System

Transmission and distribution facilities are crucial components of the electricity system because they bring the generated electricity to the end-users. However, their construction, operation, and maintenance entail various expenses. These costs encompass activities such as repairing system damages resulting from accidents or severe weather conditions, as well as enhancing cybersecurity measures. 

The key components of transmission and distribution facilities include transmission lines, substations, transformers, and the like. 

Area Regulations

In some states, public utility commissions have complete control over electricity pricing, meaning they can set the per kWh rate. Meanwhile, in states with deregulated energy markets, the per kWh pricing is unregulated, and competition remains the primary force that dictates electricity rates.  

Another way area regulations can affect electricity rates is through the use of renewable energy. Some areas have rules that encourage or require the use of renewable sources like solar, wind, or hydropower. While renewable energy is great for the environment, it can initially be more expensive to produce than traditional fossil fuels. So, in areas with strict renewable energy requirements, electricity rates might be slightly higher to cover these additional costs. 

Weather Conditions

Extreme weather events often increase the electricity demand. The higher power requirement could exceed the supply capacity, leading to power shortages. When the demand for electricity exceeds the supply, power companies may have to resort to alternative measures to meet the needs. The extra costs involved get passed on to consumers in the form of higher electricity rates. 

The weather conditions also affect the supply of renewable energy because many renewable energy sources are weather-dependent. For instance, sunny days lead to higher solar energy production, but adverse weather conditions that create heavy cloud cover can limit the electricity the solar panels generate. 

Types of Electricity Plans in Grand Prairie, Texas

Because Grand Prairie has a deregulated energy market, you can choose your electricity provider. Lucky for you that several electric companies serve the area. However, we understand that having plenty of options can be overwhelming. With so many available energy plans, how do you determine which will fit your pocket and lifestyle? 

Knowing what the different plans offer is a great start. So let’s find out what are the different electricity plans in Grand Prairie. 

Fixed-Rate Plans

When you sign up for a fixed-rate plan, you set your per kWh rate for the duration of your contract. The contract length varies from 3 months to 3 years. During that time, the per kWh rate you pay won’t change regardless of the price of electricity in the energy market. 

Fixed-rate electricity plans let you enjoy price stability, and because you know your rates won’t change each month, budgeting your power expenses is more straightforward. You can set your energy budget without worries because you’re sure you won’t encounter any surprises when the bill arrives. 

However, fixed-rate plans aren’t for everyone as they have some disadvantages. For one, you’ll likely pay an early termination fee if you switch away to other electricity plans in Grand Prairie before your contract’s end.  

Another drawback is the lack of flexibility. Once you sign up for a fixed-rate contract, you are typically locked into that rate for a specific period. If energy prices decrease during that time, you won’t benefit from the lower rates and will be stuck paying the higher fixed rate. 

Variable-Rate Plans

Variable-rate plans are the exact opposite of fixed-rate ones. While you pay a fixed amount each month with fixed-rate plans, the per kWh price of your electricity varies every billing cycle with variable-rate plans. That’s because the rate depends on the cost of electricity in the energy market.  

With variable-rate electricity plans, you get to ride the wave of fluctuating market prices. When the market prices drop, so does your electricity bill. So while variable rate plans come with the risk of increased costs during peak demand periods, they can also bring significant savings when market prices are low.  

This plan type often operates month-to-month, meaning you’re not locked into a lengthy contract. This flexibility is ideal for those who are constantly on the move or simply prefer to have the freedom to change their energy plan as needed. 

However, variable rate plans in Grand Prairie and other areas of Texas are prone to sudden rate increases, depending on the movement of prices on the market. 

Prepaid Energy Plans

Prepaid electricity plans in Grand Prairie work on the concept of paying for your electricity upfront before you actually use it. Instead of receiving a monthly bill, you typically purchase a certain amount of electricity credit, just like buying a prepaid phone card. This credit is loaded onto your electricity meter, and as you use electricity, the credit balance goes down.

One advantage of this plan type is that it helps you keep track of your electricity usage. With a conventional postpaid plan, you’re less likely to notice how much electricity you consume until you get the bill at the end of the month. With a prepaid plan, you can see your balance decrease in real-time, making you more aware of your power usage. 

Regarding the downside, prepaid plans in Grand Prairie and other areas in Texas might have different pricing structures. Some providers may charge a higher rate per unit of electricity consumed compared to postpaid plans. However, this can vary, so you must check the specific terms and conditions of the prepaid plan you’re considering. 

Business Energy Plans

When you stroll through the streets of Grand Prairie, you can’t help but notice the diverse range of businesses that call this place home. There’s no shortage of entrepreneurial spirit here, from small mom-and-pop shops to large corporations. And energy companies have definitely taken note of this buzzing business activity. 

These energy providers know that businesses in Grand Prairie require a reliable and affordable energy supply to keep their operations running smoothly. So, they’ve stepped up their game and crafted energy plans specifically tailored to meet the needs of these businesses.  

If you’re running a business in Grand Prairie, you can rest easy knowing that energy providers have your back. They’ve considered the city’s vibrant business landscape and have devised energy plans that won’t break the bank. With competitive rates on the table, you can focus on what you do best – growing your business and making a mark in the local community. 

Green Energy Plans

Texas ranks high in the country’s list of areas that generate plenty of renewable energy, producing the most electricity using wind power. It also belongs to the top 5 states for energy coming from solar energy. As such, you won’t run out of options for green energy plans.

Each green energy plan in Grand Prairie uses some form of renewable energy. Check the plan’s electricity facts label (EFL) to determine the exact percentage. Meanwhile, some providers in the area offer plans using 100% renewable energy-sourced electricity. The good news for environmental advocates? Some of these plans have lower per kWh rates than fossil-fuel-generated electric power. 

Enter your zip code to browse available green energy plans in Grand Prairie. 

Time of Use Plans

Instead of having fixed rates throughout the day, time-of-use plans offer different rates for different periods. The aim is to encourage consumers to shift their electricity usage to off-peak hours when demand is lower, thus reducing strain on the grid and preventing power outages. 

These plans typically divide the day into peak and off-peak periods. During the peak period, the electricity rates are higher because the demand for electricity puts a strain on the grid. On the other hand, the rates are lower during off-peak periods since the demand is lower and the grid has more capacity available. 

Time-of-use plans in Grand Prairie allow you to save money on your energy bills. By performing electricity-intensive activities during off-peak hours, you can lower the amount you pay for your consumption. 

The availability of time-of-use plans varies depending on where you live. Moreover, the timings and rates can differ between each plan and the electric provider. Enter your zip code on our website or inquire from individual companies in Grand Prairie regarding the specifics. 

Energy Deregulation in Texas

In 1999, the Texas Legislature passed Senate Bill 7, which paved the way for restructuring the state’s electricity industry. This policy aimed to introduce competition and increase efficiency in the state’s electricity sector.  

Before deregulation, Texas’ electricity market operated under a regulated monopoly model. This means that a single utility company had control over electricity generation, transmission, and distribution.  

Deregulation introduced the concept of a retail electric provider (REP), allowing consumers to choose their electricity supplier from various options. This competitive market was designed to offer consumers greater choices, potentially lower prices, and increased innovation in energy products and services. 

The deregulation process in Texas was implemented in two phases. The first phase, which took effect in 2002, focused on the retail side of the market. It allowed consumers to choose their REP and select from various pricing plans, including fixed-rate and variable-rate options. 

Implementation of the second phase came in 2004, and it focused on the generation side of the market, where electricity generators could sell their power to retailers at market-based prices. This phase aimed to stimulate competition among generators, potentially leading to lower electricity prices and increased investment in generation capacity. 

Because of deregulation, Grand Prairie residents have the freedom to pick the energy company with the most affordable rates in the area. 

How To Find the Best Energy Plan?

Because of competition, each power provider strives to offer the best rates in Grand Prairie. That’s excellent news for electricity consumers, as choosing the right energy company can make a big difference in terms of reliability, cost, and overall quality of service you receive. 

However, choosing the right energy plan and company can be a head-scratcher sometimes. The sheer number of options could make your head spin. Where do you even start, you might wonder. 

We’ve come up with these tips to help ease the task and, hopefully, lead you to the best plan and energy provider in Grand Prairie.
 

• Determine your consumption level and usage pattern: We mentioned that some plans, like the time-of-use energy plan, provide different rates depending on when you use the electricity. Meanwhile, other plans in Grand Prairie offer reduced power prices for specific usage levels. As such, knowing how much electricity you consume and when you use electric power the most will help you compare electricity rates and plans. 
• Consider the type of electricity used in the plan: What kind of electricity do you intend to use in your home? Fossil-fuel-based or renewable energy-sourced? Some power companies in the area offer 100% renewable energy plans, while most have a mix of both traditional and green energy plans. 
• Think about the type of electricity plan that will suit you best: Electricity rates in Grand Prairie may not be as high as in other areas, but you can still see lower costs. Choosing a plan that works best for your lifestyle is one way to minimize your expenses. For example, if you can shift your usage to off-peak hours, you could benefit from a time-of-use plan. But if you want to avoid price fluctuations in power prices, a fixed-rate energy plan might suit you more. Meanwhile, a variable-rate plan works for those willing to take risks in exchange for potential savings. 

How To Switch Your Electricity Provider?

Whether you’re looking for greener energy options, better customer service, or a lower monthly bill, switching providers give you the power to take control of your energy choices. The electricity rates in Grand Prairie are quite affordable, but a penny saved is a penny earned, or so the saying goes. This means that shaving a few cents off your monthly bills could lead to a substantial amount.

Fortunately, some of the top energy providers in Texas serve Grand Prairie, so you won’t run out of energy suppliers to choose from. But how do you go about switching to a new electricity provider? The procedure is simple. You can even do it online.  

Here are some tips. 

1. Review your energy plan contract: If you enrolled in a fixed-rate electricity plan, you’d often have to pay an early termination fee if you switch away before a specified period. Determine how much the payment is and if your savings on the new plan will offset the cost. A variable rate plan often won’t require paying an early termination charge. 
2. Compare rates: A cheap electricity rate shouldn’t be your sole basis for switching to the said company or plan. Also consider the company’s customer service record and reliability. But of course, the rates still play a significant role in determining your choice of power company. So compare the rates of each plan and make a list of your options. 
3. Contact the selected provider: You can ask for additional information regarding your plan choices, payment options, terms, and the like. You sometimes have several means of contacting the company – through their email, website, or phone. 
4. Switch providers: Once you’ve decided, sign-up with the power company by telephone or through their online platform. Depending on what type of plan you opt for, the provider could do a credit check and request a deposit. The electricity deposit typically ranges between $100 and $400. The amount is based on your credit check.  

About Grand Prairie, Texas

Ah, Grand Prairie, Texas! Now that’s a place with some character. Situated in the heart of the Lone Star State, near Dallas, this city has a charm all its own. It’s part of the Dallas-Fort Worth Metroplex, meaning it has a lot going on nearby. No wonder it was named one of the best cities in Texas. 

Its location on the eastern edge of the vast grand prairie that stretches all the way to West Texas gave the city its name.  

Popular ZIP Codes

Situated in the heart of the Dallas-Fort Worth metroplex, Grand Prairie combines the charm of a suburban lifestyle with the amenities of a larger city. As a part of the larger Dallas County, it has several zip codes that serve as home to its diverse population.  

Here are a few popular zip codes in the area: 

• 75050 
• 75051 
• 75052 
• 75053 
• 75054 

Living and Moving to Grand Prairie, Texas

Grand Prairie offers a unique blend of suburban charm, cultural diversity, and exciting recreational opportunities. Whether you’re considering a move or a temporary stay, Grand Prairie has plenty to offer for a fulfilling and enjoyable lifestyle. 

One of the key attractions of Grand Prairie is its strategic location. Situated just minutes away from downtown Dallas and Fort Worth, residents have easy access to a wide range of employment opportunities, entertainment venues, and cultural attractions. Commuting to work or exploring the neighboring cities is convenient, with major highways like I-20, I-30, and SH 161 connecting Grand Prairie to the rest of the Metroplex. 

For nature lovers, the place provides ample opportunities to enjoy the outdoors. The city boasts numerous parks, trails, and green spaces where residents can engage in activities such as hiking, biking, picnicking, and birdwatching. 

Overall, the climate in Grand Prairie is generally warm and humid. Summers can get pretty hot, while winters are usually mild. You’ll enjoy the months of April, May, and October when the temperatures range from the mid-60s to the low 80s F (around 18-27°C).  

Meanwhile, the summer months, especially from June to August, can be scorching hot and humid. Temperatures often reach the high 90s or even above 100°F (37-38°C), and the humidity can make it feel even hotter. 

FAQs

Conclusion

Power providers in Grand Prairie try to keep their rates as low as possible to attract customers. As such, staying informed is the key to keeping those energy bills in check.  

It’s always a good idea to shop around and compare rates from different providers to ensure you’re getting the best deal for your hard-earned dollars. Don’t be afraid to ask questions and seek information from reliable sources. The more you know about your options, the better equipped you’ll be to make intelligent decisions about your electricity usage and provider. 

Whether you’re a Grand Prairie resident or just someone interested in electricity rates, being mindful of your energy consumption and adopting energy-efficient practices can also go a long way in reducing your overall costs. Simple steps like using energy-saving appliances, turning off lights when not needed, and adjusting your thermostat can make a noticeable difference in your monthly bill. 

Updated on 09-12-23