In 2002, the Texas legislature approved energy deregulation – paving the way for a competitive energy 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 allow consumers to choose their provider which has forced Grapevine electricity providers to be more efficient and reduce costs. On top of this, they must offer improved customer service and lower rates to their customers in order to remain competitive.
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, allowing them to take advantage of the deregulated market and get the best possible deal.
For small and medium-sized businesses to larger corporations, the deregulated market in Texas has flourished in the new era of competition. Today, every home and business can compare energy plans from top energy suppliers and shop for the best rate available, allowing them to switch to the best offer.
In an analysis of the energy data, most businesses can effectively reduce their monthly electricity costs by actively researching providers and switching energy plans every 12 to 24 months.
If you are a business in the deregulated energy market of Grapevine, you now have the power to choose your electricity supplier and your rate. To compete for your business, energy suppliers are forced to be more efficient, as well as offer customer-centric business energy plans with competitive energy rates.
Even though you have the power to choose, it can still be a daunting task. In each specific zip code, today’s commercial customers have hundreds of plans from at least 20 different energy suppliers to choose from. Although the intended result of deregulation was to lower prices for small businesses, medium businesses, and larger enterprise-level businesses, the market is not that simple. In many cases, comparing energy plans is still 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. A good rule of thumb to follow based on the amount of the monthly bill.
If your average business electricity bill is under $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 over $500 per month, then you will most likely get a more competitive energy rate through the custom energy quote process. The custom process is exactly that. You must provide basic business information, your energy usage and submit 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 Grapevine businesses, researching Grapevine energy rates and switching to a new electricity plan can be time-consuming and frustrating. EnergyBot is built to make energy simple and help businesses find the best electricity rate quickly and easily.
Along with saving time, EnergyBot also helps businesses cut energy costs by 15%. As a purely online company, we eliminate the costly overhead fees and sales commissions that are associated with third party energy brokers. The days of paying too much for electricity is over. EnergyBot is committed to giving you a real choice.
Through our trusted partnerships with leading national energy suppliers, EnergyBot can also help businesses switch to a green energy plan and support a more sustainable business practice.
Grapevine has invested significantly in its renewable energy footprint over the past decade and has since set goals to improve the energy efficiency of city-owned facilities as well as conserve natural resources. A number of changes have now been made, including the implementation of a regional clean fleet program and legislation that supports regional public transportation.
Finding a new electricity provider in Grapevine is simple. Follow these simple steps to get the lowest electricity rate in Grapevine.
Enter your zip code ad the top of this page and you can quickly see plans from the top Grapevine electric companies. For even better pricing use our data linking tool to pull in your historic usage from your utility.
Energy plans often have long confusing contracts. We don't like teaser rates and tricky terms, so we filter out the plans that trick customers into bill spikes. Each plan you see on our site has plan details and the Electricity Facts Label. This breaks down the most important information about the plan into a way that is easy to understand.
Once you have decided on a new energy plan for your home business just follow the prompts to confirm. Once you're done, we give you dashboard to see the status of your contract.
Utilities are the entities in charge of the operation and maintenance of the energy infrastructure, like wires and towers. The local utility in Grapevine is responsible for transporting electricity from the generators to residential homes and businesses in this specific region.
Energy providers in Grapevine like TXU Energy and Cirro Energy are the competitive energy retailers. In Texas, these companies are called Retail Electric Providers (REPs).
Energy suppliers offer two different types of plans for residential and business customers: a fixed-rate plan or a variable-rate plan.
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 plans 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.
In almost every case, EnergyBot recommends a fixed-rate plan. If you are unsure on what plan is right for your feel free to contact us.
Grapevine is a suburban city with about 54,000 residents. It is located in northeast Tarrant County, with areas in both Dallas and Denton. The majority of the Dallas-Fort Worth International Airport is located in Grapevine, which resulted in rapid expansion during the 1970’s.
The city was originally founded in 1843 by General Sam Houston, who at the time chose to set camp a location named Tah-Wah-Karro Creek. He later signed a peace treaty with 10 Indian Nations that opened the area up for homesteaders. The area was then named Grape Vine due to the many wild grapes that grew within the area. The settlement soon expanded and was renamed Grapevine in 1914.
The Grapevine metropolitan area is located new major interstate highways, which provides it with a fantastic central location. It is very easy to access, with access to many popular areas such as Fort Worth, Southlake, Denton, and many other areas. In recent years, the government has been very open to modern energy solutions, making use of wind energy and solar panels, whilst replacing old lighting with modern, LED alternatives.
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.
Texas has long been synonymous with the energy industry. Both Dallas and Houston are hosts to a laundry list of corporate headquarters in the energy space, and not just for electricity. Texas also accounts for 37% of the United States total oil production and 24% of its natural gas production.
The strategic location of Grapevine has made it a popular destination for businesses since its foundation in 1843. With easy access through strategic interstate highways, the area allows business owners to easily access a range of suppliers, as well as a flexible workforce. The city continues to grow each year, with a growing emphasis on renewable products and energy.
The historic downtown of the city alongside its pro-business climate has created a boom in the restaurant and hotel industry, with over 100 hotels in the downtown alone. It is ideal for business relocations, with fantastic infrastructure and a strong workforce.
Grapevine continues to steadily grow with a 2.36% yearly increase in population as well as an average increase for household incomes of 2.58%. It has recently been recognized for both its economic potential, as well as continuous improvement towards renewable, sustainable energy sources.