Compare electricity rates in Bedford

Bedford is located in the “Mid-Cities” area of the Dallas-Fort Worth Metroplex and has a population of just under 50,000. With a climate that is very dry and often very hot, Bedford requires access to affordable and efficient energy for both residents and businesses. In Bedford, the vast majority of the energy is used for cooling, and the 235 days of sunshine each year help generate electricity through solar systems.

Energy rates in Bedford fluctuate throughout the year, but residents and businesses negotiate energy contracts when they sign up with their suppliers and are provided with a fixed rate throughout the term. Currently, there are terms available from six through 36 months. The cooler winter months are generally the least expensive time to sign up, with spring and summer rates being higher. Check out Bedford energy rates to see what prices and options are currently available.

How has deregulation affected Bedford?

Here’s what the latest statistics from the U.S. Energy Information Administration show:

• Texas residential electricity rates are nearly 9.5 percent lower than the national average.
• Texas commercial electricity rates are nearly 26 percent lower than the national average.
• Texas industrial electricity rates are nearly 23 percent lower than the national average.
• Texas generates the most electricity of any state from wind.
• Texas generates the fifth-highest amount of electricity from solar energy.

On January 1, 2002, Texas passed legislation to deregulate the energy market in most of Texas; this includes the Bedford area. Deregulation means that consumers now have the power to choose among a number of different suppliers from which to purchase their electricity. In Bedford, Oncor Electric is still the utility provider charged with the transmission and distribution of electricity, regardless of which electric supplier it is purchased from.  Prior to deregulation, only one utility company serviced each area, with the state controlling rates. The problem with that system was that there was no incentive to lower rates, because there was no competition. Deregulation was implemented to create natural competition among companies.

Energy deregulation in Texas has spurred growth in renewable energy and competition between suppliers, and even different types of energy, which keeps costs relatively low in Bedford. Researching the suppliers and finding those with the best plans can assist residents further in saving on energy costs.

Because of deregulation, the energy customer now has more choices when selecting Bedford suppliers to use for their energy needs. Though Oncor Electric will continue to transmit and distribute the electricity, many alternate energy providers are available, and Choose Energy partners with the most trusted of these. Choose Energy approved providers in Bedford include TriEagle Energy and Bounce Energy. Enter your zip code above to see what these providers are offering in your area.

Texas has been on the cutting edge of sustainable energy for some time and is one of the most forward-thinking states. It is currently the leading state for wind energy production. There are many renewable energy providers in Bedford. Choose Energy recommends Green Mountain Energy and Amigo Energy in the green energy category.

(Last updated 8/8/2019)