How has deregulation affected Farmers Branch?
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.
Most of the Lone Star State’s energy market was deregulated in 2002, when the state legislature passed Senate Bill Number 7. This bill drastically changed the way the energy market worked. Where previously a handful of utility companies set electricity rates across the state and residents were required to buy from their area’s utility, now many electricity suppliers compete for residents’ business.
This means that many Texas citizens can shop for an energy plan like they would anything else, comparing plans and rates to find what suits them. This also means that there are a lot more options to sort through than there used to be, so Choose Energy created a marketplace to simplify the process. Enter your ZIP code above and see plans available in your area of Farmers Branch from a variety of providers. Choose Energy sources plans only from trusted providers, so you can be sure you’re getting reliable service.
Farmers Branch utility companies & energy providers
Deregulation didn’t disband electric utility companies. They still exist and still form an essential part of the energy distribution chain, but just operate a little differently than before. In a regulated market, utilities handled every part of the process from when residents purchased a plan to when the electricity got delivered to their homes. Now, utilities maintain the power lines and deliver power to homes, but the sales are in the hands of the electricity providers.
Farmers Branch is in the Oncor Electric Delivery service area of the state. This means that the Oncor utility company delivers all the electricity in the city, and that’s who you call if you experience a power outage or issue with your service. Meanwhile, Farmers Branch residents purchase electricity from retail providers, such as Bounce Energy, Champion Energy, and Reliant Energy.
Farmers Branch renewable energy
Farmers Branch is home to 28 parks that make it an oasis away from the hustle and bustle of Dallas, and it’s increasingly important to protect those resources. Thankfully, Texas is full of renewable energy options Farmers Branch residents can benefit from.
Making up 30 percent of the U.S. total, Texas leads the way in wind energy generation. It is also rapidly expanding its solar power industry, currently in the top five among the 50 states. In Farmers Branch, providers Green Mountain Energy and Amigo Energy bring these renewable sources to residents’ homes. Enter your ZIP code above to see their plans in your area.
(Last updated 8/26/2019)