It has been 15 years since deregulation first entered the playing field in the electrical market in Texas. While there were some sky-high rates that were first introduced in Texas, there have been drastic reductions that have been noticed in the past few years, making the move a lucrative one for both private power retailers as well as the consumers. Lower prices have attracted more consumers, while the plans offered by providers have also allowed for greater flexibility and choice.
Owing to low costs, the industrial sector always ends up having the largest chunk of consumption, such as 50% of all electricity in 2015. Not only this, less stringent regulations for industrial usage have contributed to Texas being ranked first in carbon dioxide emissions in the United States. This has to change through the renewable production of energy to replace the energy produced through coal.
The electrical rates in Dallas for industrial, commercial as well as residential electricity generally follow the state average. They also fall well below national average rates in cost, making the state quite a cheap option for high electricity consumption. Expectedly, the consumption of electricity in Texas is ranked one of the highest in the country. Read through this article to get insights into residential, commercial as well as industrial rates in Dallas, Texas.
Residential Electricity Rates in Dallas
The state average of residential electricity rates in Texas is 10.98 cents/kWh. The rate in Dallas is also the same as that of the state average. This can be taken as the basic amount that we must factor in our calculations. When compared to national figures, this average is 7.58% less than the national average of 11.88 cents per kWh of electricity. These costs can be converted to monthly figures in a simple manner, as follows.
A 1-bedroom apartment would typically be 750 square feet while the average electrical consumption in the state of Texas is around 750 kWh per month. The local rate in Dallas for residential consumption is 10.98 cents per kWh. Thus, on an average, electrical consumption every month would cost you anywhere between $80 and $85 (10.98 c/kWh X 750 kWh/month).
A 2-bedroom apartment would be relatively larger in size as compared to a 1-bedroom apartment. This average is taken as 1,000 square feet in Texas. A larger size would mean that the consumption would also be higher – around 880 kWh consumed every month. If we were to factor in the local cost of 10.98 cents for every kWh, the total cost of powering a 2-bedroom apartment in Dallas would be approximately $97 (10.98 c/kWh X 880 kWh/month).
The average size of a house in Dallas is taken to be 2,000 square feet, double the size of a 2-bedroom apartment. Such a house is averaged to use approximately 1325 kWh every month. There might be a few months where the consumption is above average, but the winter is not too harsh in Dallas. As a whole, the average cost of powering a house in Dallas at 10.98 cents per kWh would be anywhere between $145 and $150, which is very competitive when compared to national figures.
Commercial Electricity Rates in Dallas
Commercial electricity rates in Dallas are highly competitive and are incentivized to a certain extent. At 8.16 cents per kWh, this commercial rate, just like the residential rate, is equal to the average commercial rate in the state of Texas. It is also 19.13% lower than the national average of commercial electricity rates. The national average is at 10.09 cents per kWh – almost the same as what residential electricity costs in Texas. This is why it’s not far-fetched to say that the rate of 8.16 cents is pretty inexpensive when compared to certain cities in the United States.
Industrial Electricity Rates in Dallas
Industrial electricity rates are even cheaper than the commercial rates. This is also the reason why the industrial sector contributes to almost 50% of the electrical consumption annually. The average industrial electricity rate in Dallas is 5.57 cents per kWh. This average is equal to the state average of industrial electricity rates. Industrial electrical rates can vary from state to state and can range anywhere between 4 cents and 30 cents per kWh. This puts the national average of industrial electrical rates at 6.67 cents per kWh, making the rates in Dallas 16.49% less than the national average.
This simple comparison of averages can help you arrive at close estimates of your monthly electricity costs while making you realize that electricity costs in Texas are quite cheap. The hope is that all sources of production become renewable. This will help Texas’ rank drop in carbon-dioxide emissions and encourage further drops in price so that electrical supply is uniform within the entire state.