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Flower Mound Electricity Rates

Flower Mound Electricity Rates

Lowest electric rates in Flower Mound today:

Source: EnergyBot (updated daily, averages based on 4 month trends)

Flower Mound Energy Market Data

Last updated May 2020

  • The average Flower Mound commercial electricity rate was 7.9 ¢/kWh (24% lower than the national average).
  • The average Flower Mound residential electricity rate was 11.79 ¢/kWh (7% lower than the national average).
  • Texas ranks 4th for the lowest commercial electricity rates in the U.S.
  • Texas ranks 31st in the nation for the cheapest residential electricity rates.
Source: Texas energy data from The U.S. Energy Information Administration (EIA)

Flower Mound Energy Rates

Compare Flower Mound electricity rates from top energy companies

The Texas legislature approved energy deregulation in 2002, creating the path for competitive energy pricing and market. As a deregulated electricity market, the state’s retail energy companies would need to compete - against each other - for the millions of Texas residential and business customers. The goal of a deregulated, or competitive energy market, is to give the power to choose to the consumer – which forced Flower Mound electricity providers to be more efficient and lower costs – and offer improved customer service and lower rates to their customers. Going forward, the home and business customers of energy suppliers would have the ability to switch to a new energy provider (at the end of each contract) to maintain the advantage of the deregulated market.

Texas has a very healthy market in the new era of competition under energy deregulation. Residents and businesses can shop for electricity plans from a wide array of energy suppliers and shop for the best rate available. This means less money in the pockets of energy companies and more for you.

How do you get the best deal on an electricity plan? We analyzed and digested hundreds of thousands of data points from utilities and suppliers and determined the most basic action you can take is to be proactive. 

Simply by shopping, suppliers, and rates six months before your plan is set to renew can help you save 20% or more on your energy costs. Furthermore, we found that most customers, depending on market conditions and usage, are likely to save by switching electric suppliers every 12 to 24 months. 

Flower Mound Power Lines

Flower Mound commercial electricity 

Flower Mound businesses can find significant savings in the Texas energy market with just a little bit of due diligence. Since energy suppliers are forced to be more efficient and offer business energy plans with competitive energy rates, it’s up to you to compare and find the best plan.

But finding the right plan can be difficult. In Texas, rates change by zip code. And with dozens of commercial energy suppliers, that means sifting through hundreds of plans. 

This has made comparing energy plans confusing due to the sheer number of plans available, promotional rates that are not apples-to-apples, and the legal fine print that details fees and penalties. 

Commercial energy customers can maintain control over the process by reviewing their monthly usage and average monthly electricity bill. 

If your average business electricity bill is less than $500 per month, then you can get a very good energy rate for your business through a simple online comparison of energy rates. 

If your average commercial electricity bill is $500 or more per month, then you will most likely get a more competitive energy rate through a custom quote process. The custom process is exactly that – by providing basic business information, energy usage, and submitting a recent electricity bill – EnergyBot can leverage partnerships with suppliers to work on your behalf and secure the best energy rate for your business. Although it will take more time to complete, the custom quote process may deliver a lower energy rate that will add up to big savings for your business. 

For Flower Mound businesses, researching energy rates and switching to a new electricity plan can be a hassle. EnergyBot makes energy simple and helps companies find the best electricity rate quickly and easily. 

Along with saving time, EnergyBot also helps businesses cut energy costs by 15% for two reasons. 

  1. Instead of the old fashioned brokerage system, we use technology to digest hundreds of thousands of electric rates to find trends to connect you to the lowest price. 
  2. We are a tech company, not a sales company. That’s right; we don’t employ a single salesperson. We believe that giving people transparency and the best possible deal is more important than trying to push you into buying an overpriced energy plan - even if it means we lose money. 
Flower Mound Renewable Energy from Solar Panels

Renewable energy plans in Flower Mound

Renewable energy is becoming more and more viable every day. Several energy suppliers focus entirely on green energy plans, and even more, suppliers offer partial green plans.

We are constantly finding new ways to give Flower Mound businesses and residents more renewable energy options. This includes solar, wind, hydro, and even geothermal energy solutions. You can find out more about our green energy solutions here

Flower Mound placed significant importance in green energy programs and was one of the earliest cities to do so. In 1999 it started its very own SMARTGrowth program, which was designed to preserve the beauty of the natural environment during a period of urbanization. In particular, the Environmental Service Division focuses on the health and well-being of city residents while protecting its natural environment. 

Today, there are many green energy suppliers within the area, which makes it very easy for residents to "go green." An example of such a company is Amigo Energy, which works to provide consistent renewable energy to Flower Mound residents. Another renewable energy supplier in the area is Green Mountain, which also strives to provide renewable energy for Flower Mound residents. 

Flower Mound Electricity Pricing Trend

Cheapest Flower Mound electric rates

Source: EnergyBot

Switch Electricity Providers in Flower Mound

In a deregulated energy market like Texas, residential and business customers have the power to compare energy suppliers and plans and then switch at their discretion – based on any existing contract terms, renewal dates and fees.

Step 1: Compare energy providers and energy prices online

This is the easy part and it starts online. Today, businesses have a variety of online websites and tools to search and compare energy providers, plans, and rates. The best way to compare providers is to use a simple website like EnergyBot.com. In less than 5 minutes, you can enter basic information about your business, like your zip code and monthly electricity bill, and then search and compare dozens of top energy suppliers in your area to find the lowest energy rate.

Step 2: Take time to review the energy plan details

When you are comparing electricity plans, it will pay – literally – to take time to review the plan details, contract terms, and legal copy. Energy companies may entice you with a low rate, yet the fine print will reveal that it is a variable rate – that is only applicable when you are in a specific range of kWh usage. Also, review the contract term, cancellation fees, and out clauses before signing up for a new plan.

It’s important to do our research and we have you covered. Check out this article to learn more about the different types of energy plans and rates.

Step 3: Upload your most recent electricity bill

In many cases, the energy supplier, broker or website that you are using to find a new electricity plan will ask you to upload your most recent electricity bill. Although this may feel a bit intrusive, it provides pertinent account information and is important to securing the best energy rate available for your business. Your energy bill has your business information as well as the data that outlines your monthly energy usage.

To add, your new energy supplier will require proof of your energy usage before you can switch and your electricity bill is the easiest way to meet the requirement.

Step 4: Request a custom electricity pricing quote

If you own or manage a larger business with high energy usage (and higher monthly bill), then it may be beneficial to request a custom pricing quote. For larger companies, the process is a bit different. Due to your high energy usage, energy suppliers require a comprehensive review of your energy usage to provide a custom quote on a new plan and rate. At EnergyBot, you can get custom pricing support from one of our energy experts.

Step 5: Confirm the switch to a new energy provider

After authorizing a switch to a new energy provider, you will receive a confirmation email with the plan details and start date. It’s very important to review the plan you authorized and the new start date. The transition to a new supplier will be seamless…you won’t even notice until you get the electricity bill the next month.

Frequently Asked Questions About Flower Mound, Texas Energy

What is ERCOT?

Electric Reliability Council of Texas (ERCOT) is a membership-based nonprofit corporation that is governed by a board of directors and subject to oversight by the Public Utility Commission of Texas and the Texas Legislature and is tasked with managing the flow of power to 26 million Texas residents, 8 million locations and 90% of the Texas grid. ERCOT members encompass many stakeholders –  including consumers, cooperatives, generators, power marketers, retail electric providers, investor-owned electric utilities, transmission and distribution providers and municipally owned electric utilities.

What is the difference between a Utility and an Energy Provider?

Utilities are the entities in charge of the operation and maintenance of the energy infrastructure, like wires and towers. The local utility in Flower Mound is responsible for transporting electricity from the generators to residential homes and businesses in this specific region.

Energy providers in Flower Mound like TXU, Direct Energy, and Cirro are the competitive energy retailers. In Texas, these companies are called Retail Electric Providers (REPs).

Each energy provider buys energy from the wholesale market (the generators) and then re-sells it to consumers (homeowners, renters, and businesses).

In most cases, the consumer, the homeowner, renter, or business, signs a contract with an energy provider for a specific energy plan. The basic energy plan details the rate class, the energy rate per kWh, the contract term length (6, 12, 24, 36 months), and other contract terms like cancellation fee policy.

What is Power to Choose (powertochoose.org)?

Power to Choose is the official and unbiased electric choice website. Sponsored and managed by the Public Utility Commission of Texas (PUC), PowerToChoose is a consumer website that enables retail electric providers to list energy plans.

Currently Power To Choose does not have the ability to show business rates.

Types of Energy Plans offered in Flower Mound

Energy suppliers offer two different types of plans for residential and business customers: a fixed-rate plan or a variable-rate plan.

Each type of plan has its respective pros and cons. As a Texas customer, it’s important to understand the two types of plans before signing up for an electricity plan for your home or business.

Fixed-Rate Electricity Plans in Flower Mound

The simple definition of a fixed-rate plan is that you are signing a contract with an energy supplier that offers a fixed-rate – meaning that the rate will remain constant for the term of the contract. Regardless of weather, natural events like tornados, or market volatility, your rate will not change. In most cases, a fixed-rate plan will have a term length of 6, 12, 24, or 36 months.

Variable-Rate Electricity Plans Flower Mound

The simple definition of a variable-rate plan is that you are signing a contract with an energy supplier that offers a variable-rate – meaning that the rate may change on a monthly basis based on market factors. Variable-rate plans offer more flexibility but also present more volatility in pricing which may impact your monthly electricity bill.

It is important to audit your energy usage and then select the right plan – a fixed-rate plan or a variable-rate plan – before signing a contract with an energy supplier.

Electric Rates in Flower Mound

How much is electricity in Flower Mound, Texas? Rates updated daily

About Flower Mound, Texas

Flower Mound is a suburb within the Dallas-Fort Worth metropolitan area. It is home to around 76,000 people, which makes it one of the smaller Texas towns. It is located close to the Dallas/Fort Worth International Airport and therefore has its very own popular business region. In this region, shopping, fine dining, and recreation activities are all provided within an urban lifestyle. The weather in the area is extremely hot and humid, especially within the summer months. Due to the modern lifestyle of residents, there has been a significant push for affordable renewable energy rates. 

The area was first developed in the 1840’s for various religious camps. It was permanently inhabited in the 1850’s but did not incorporate until 1961. Its population expanded significantly in the 1970’s due to the opening of the Dallas/Fort Worth international airport. From 2000 to 2010, there was a 23% increase in population, which is a sign of the city's growing popularity.

Residents in the area are used to fluctuating electricity rates due to the seasons of the area. Energy prices are lowest near the end of the year, while prices peak during March, April, and September. 

A Small coffee shop in Flower Mound, Texas

Texas Business Profile

Texas has one of the healthiest and most significant economies in the United States, second only to California in size. In fact, if Texas were its own country, it would have the 10th largest GDP, beating out Canada and South Korea. 

The 2.7 million small businesses in the state of Texas employ over 4.74 million people and added nearly 95,000 net new jobs, according to the latest SBA Small Business Profile. The economic growth in Texas has remained strong as the unemployment rate dropped from 4.1% to 3.8% in 2019.

Flower Mound Business Profile

Due to the location of Flower Mound (in particular its proximity to the DFW Airport and its range of highways), businesses thrived the past several decades. Many companies have relocated to the area, including businesses such as Best Buy and Stryker Communications. The largest employer in the town is the Lewisville Independent School District, which employs almost 5% of the city. From 2001 to 2009, the city experienced job growth rates of 26.53%. 

The main town areas of economic development within the city are the Lakeside Business District and the Denton Creek District. In 2012 the Realty Capital company unveiled a $1 billion and two-dollar plan for a project development plan within the area, which included a six-phase development plan. In 2013, development for 170 loft apartments and 170 home lots began, which is a sure sign that Flower Mound will continue to prosper. 

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