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Grapevine Electricity Rates

Contents

1 Grapevine Electricity Rates
2 Grapevine Falls in the Oncor Utility Service Area
3 Contact Oncor for Power Outages
4 Understanding the Electric Bill
5 What is the Electricity Facts Label (EFL)?
6 What Happens at the End of my Term?
7 Take Advantage of Energy Choice
8 View by City
9 Clean Energy
10 Electricity Rates

Grapevine is one of the many cities in Texas that is located in a deregulated electricity market. Grapevine electricity rates fall under the Oncor Utility service area. Thanks to Texas Senate Bill 7 (SB7), residential and commercial residents living in Grapevine can now shop around for a lower supply rate on their electric bill. Before energy deregulation, the local utility company had a monopoly over both the delivery and supply charges on the electric bill. After the passage of SB7, the supply charge on the electric bill became unbundled from the utility company. This paved the way for competing energy suppliers to enter the market and offer residents competitive supply rates.

The city of Grapevine is located 20 miles northeast of Fort Worth with a population of just over 50,000 people. The economy is mainly centered around tourism. The Dallas/Fort Worth International Airport is located in Grapevine and is also the city’s largest employer.

Grapevine Falls in the Oncor Utility Service Area

Oncor is a utility company that serves the residents of Grapevine. The company is in charge of delivering power to homes and businesses in its service area. This includes maintaining the lines and wires and resolving all power outages. If you just recently moved to Grapevine, then you will notice that Oncor is the utility company that provides the electric bill. They are responsible for the delivery charge, which in Texas is known as the Transmission and Distribution Utility (TDU) charge. This charge is regulated and overseen by the Public Utility Commission of Texas.

Contact Oncor for Power Outages

With the advancements in technology, power outages can be detected and fixed within hours. However, there are circumstances, thanks to mother nature, when outages can affect a wide range of areas. If you experience a power outage or any disruption of service, then you will need to report it to Oncor.

Oncor Contact Information: 1-888-313-4747

Understanding the Electric Bill

The electric bill is split up between two parts that include the TDU charge and the supply charge. When the consumer switches energy suppliers they will still receive one electric bill from the utility company. The electric bill will incorporate both the TDU and supply charges. This method of billing is known as single billing and is the most popular in deregulated service areas.

Transmission and Distribution Utility (TDU) Charge – The TDU charge is the regulated section of the electric bill and will be charged to the customer by Oncor. This is the cost of delivering the electricity to the point of service, whether it’s a home or business.

Supply Charge – The supply charge represents the deregulated section of the electric bill. This is the cost of generating the power the consumer is estimated to use during the term of the energy agreement. Residents of Grapevine can shop for a lower supply rate.

What is the Electricity Facts Label (EFL)?

The Electricity Facts Label (EFL) spells out the terms and conditions for the energy plans offered by the suppliers. There are many different types of energy plans that can save you money. However, if you’re not careful you might end up with a plan with additional fees that can end up costing you. The consumer needs to read and understand the EFL for every energy supplier before signing up. This can save you from any surprises that may show up on the bill.

What Happens at the End of my Term?

Surprisingly, most customers believe if they don’t cancel at the end of the original term, the energy supplier will continue charging them the same rate. This is not true! Most energy suppliers will move the customer to a variable rate once the initial rate expires. Once this happens do not be surprised if the rate doubles or even triples in a single billing period. It is important to pay attention to when the rate expires and sign up for a new plan to avoid being hit with any surprises.

Take Advantage of Energy Choice

The city of Grapevine is fortunate to be located in a deregulated area. Due to the very nature of competition, Grapevine’s electricity rates are among the lowest in the nation. With so many energy companies operating within the state of Texas, the residents of Grapevine have no shortage to choose from. Energy choice has paved the way for lower energy prices so take advantage!