These are residential electric rates in Fort Worth, Texas. Rates are updated daily.
[rates_by_city state=’tx’ city=’fort worth’ class=’tx’]
Located in North Central Texas, Fort Worth is a hot spot for Western cultural history. Founded in 1849 as a military outpost, the city sat on a cattle-driving route known as the Old Chisholm Trail. The cattle route helped to establish trade and by the 1900?s the city had gained quite the reputation for rail, meat packaging and retail.
Today, the city is home to a flourishing artist community, world-class museums and cowboy culture.
Energy Deregulation in Fort Worth
In the state of Texas, 85% of power consumers have the option to choose who supplies their energy. Both residents and businesses of Fort Worth are included in under this government legislation. While some utilities are still responsible for providing the delivery of energy, they do not supply energy to customers.
Forth Worth Electricity Providers
This opened up the market space for Retail Electric Providers (REPs) to compete for business. REPs offer different rates, plans and value added services to keep the cost of energy low. Several of these REPs include:
- Bounce Energy
- Champion Energy Services
- Cirro Energy
- Direct Energy
- First Choice Power
- Frontier Utilities
- Green Mountain Energy
- Just Energy
- Pennywise Power
- TriEagle Energy
- TXU Energy
- YEP Energy
Since energy deregulation was passed in 2002, around 85% of businesses have changed electricity suppliers at least once. About 40% of residents in deregulation areas have also chosen to switch to a more competitive REP.
Fort Worth?s Energy Industry
Fort Worth benefited from the oil boom from around 1930 to 1931 and again in the 1970?s.
More recently, due to advances in drilling technology the city can tap into natural gas reserves running below ground. Currently, there are over 1000 natural gas wells in various locations. In order to drill, the government requires permits and strictly monitors well placements that are near residential areas, hospitals, schools and parks.
Other Major Industries in Fort Worth
In addition to the energy industry in Forth Worth, there are several other areas of economic interest:
Manufacturing ? Between 2004 and 2025, the city plans to increase jobs in this sector by employing an additional 32,048 residents.
Tourism ? On average, Fort Worth brings in approximately 6.5 million visitors every year.
Other goods and services of interest include:
- Refrigeration equipment
- Communication equipment
Quick Fort Worth Stats
Fort worth is 5th largest city in the state and the 16th largest city in the U.S. The following are a few other important demographics:
Total Population: 792,797
Land Area: 339.82 square miles
Total Number of Households: 291,086
Median Household Income: $52,430
Median Age: 31.6
City Owned Parks: 263 (179 neighborhood parks)
Labor Force: 3,591.3 (in thousands)
Job Growth (in 2014): 2.4%
Cost of Living: 2.2% (above national average)
Aside from its easy access to natural energy resources, there are many other interesting facts about this diverse city such as:
- Fort Worth depends on man-made lakes for its water supply.
- 60% of bills printed in the U.S are done so at the Bureau of Engraving and Printing Western Currency Facility in Fort Worth.
- Bonnie and Clyde used the Stockyards Hotel as one of their hideouts.
Fort Worth’s Major Utilities
As mentioned above, some Fort Worth utilities are solely responsible for the delivery of energy to businesses and homes. Below are utilities that offer local services:
Oncor ? 1-888-313-4747
Atmos ? 1-888-286-6700
Utilities are also responsible for any energy related emergency issues such as, downed power lines. An REP usually does not handle these kinds of situations.