This is one area where going green and saving money diverge. The cheapest renewable tariffs tend to cost more than the cheapest standard tariffs, so it really is a question of your personal politics. However, if you can afford to go renewable, then it's a help to the environment, and all the main comparison services allow you to compare renewable tariffs.
If you are a residential customer, you will find your Price-to-Compare in the bill message on your monthly DP&L bill. If you are comparing electric generation suppliers on price, paying a lower price in cents per kWh should result in a lower electric bill. However, suppliers may charge other fees and all costs should be considered before choosing a supplier (Read What to Consider).
Which ones the best? Like all things energy, it depends. Do you prefer predictability, or do you like the idea of potentially saving some cash by monitoring the market? Our (albeit conservative) recommendation: Fixed rate is probably best. Energy prices are on the rise — the U.S. Energy Information Administration predicts a 3 percent increase in residential electricity prices in 2018.
You can organize and shop by pricing at YOUR individual usage level, which allows you to shop and compare energy plans based on the rates you’ll actually see appear on your bill, inclusive of taxes and hidden fees. You won’t be misled by the “teaser rates” tied with higher usage levels that many homes never experience, as their usage level never reaches that pricing tier.
Twenty bucks compared to a $2,000 bill? Not much to write home about, but hey — it’s free money. And, true, you’ll still get some free money when you use less energy, but rewards only really seem reward-y if you're shelling out big bucks. That same Direct Energy plan only yields about $6 in Plenti points per year if you use 500 kWh of electricity each month.
When the energy market became deregulated in a majority of Texas in 2002, residents and business owners in these regions earned the power to choose which retail electric provider would supply their electricity. In a deregulated energy market, you could have a range of options for electricity supply rates, which means doing research to find the best one for your needs.