Read on to find out about electricity providers in The Colony, TX. Texas is the largest energy producing and energy consuming state in the country
The Colony has repeatedly earned recognition as a “Playful City USA” for its host of attractions and amenities. From prestigious golf courses to geocaching, skate parks to water parks, boating to biking—The Colony offers something for everyone.
Just 20 miles north of Dallas in the southeast corner of Denton County, The Colony stretches along 23 miles of Lake Lewisville shoreline. This City by the Lake serves up hundreds of acres of wildlife and recreational opportunities like camping, swimming and hiking.
The Colony has 28 parks with over 3,000 acres, one of the highest acres of parks per capita in the state, and an award-winning trail system that winds through acres of wildlife areas along the shoreline of Lewisville Lake. Year ‘round events include an American heroes celebration, food fests, dances, Fourth of July celebrations, a soapbox race, live music and more.
Find cheap and best electricity rates in The Colony
The goal for Everything Energy is to make shopping easy so that consumers can pick the right electricity plan for their family and lifestyle. Compare the best electric plan in The Colony, Texas and shop electricity plans from the best energy providers.
Difference between Fixed and Variable plan
Electric companies provide two types of plans to their customers Fixed and Variable plan,
Fixed rates are sometimes called Secure or Term. These provide you with a fixed price for the length of your contract. They provide price security, but they usually have a cancellation fee if you switch away before the term is up. The cancellation fee is usually not applicable if you move.
Variable rate plans are sometimes called Flex plans or Month To Month plans. In this arrangement, there is no term length and you can switch providers anytime. However, your electricity rate can change each month. These plans don’t lock you into a commitment, so they are great for consumers that are in a short-term situation.
Understanding your Electricity bill
The Electricity Facts Label includes these items:
- Energy Rate – price per kWh for electricity
- Average Rate – price per kWh based on usage levels
- Base Charge – whether there’s a base monthly charge or minimum usage fee.
- Delivery Charges – charges from your local utility company. Sometimes these are included with the energy rate.
- Contract Length – number of months in your contract agreement
- Type of Plan – fixed, variable or index
- Early Termination Fee – fee that you will pay if you cancel your contract before the end of your contract term.
- Percentage of Renewable Content
- Contact Information for the Retail Energy Provider
How is the Electricity Bill Calculated?
A typical electric bill calculation with information from the EFL looks something like this:
(Energy Charge x kWh used) + Fixed TDSP fee + (Variable TDSP fee x kWh used) + Other Fixed Monthly Charge = Estimated Electricity Bill
To calculate your average price per kWh:
Estimated Electricity Bill/kWh used = Average $/kWh