Oncor Electric Commercial Energy Pricing
Oncor Electric Delivery Company is the largest transmission and distribution utility in Texas, covering major cities and towns in deregulated areas such as Dallas, Fort Worth, and Midland. As a delivery utility, Oncor is responsible for maintaining electrical infrastructure, while retail electricity providers (REPs) manage the sale of energy. This creates a competitive environment where businesses can shop for the best rates.
Current Commercial Energy Pricing
The average commercial electricity rate in Oncor’s service territory has been fluctuating due to various market factors, such as energy demand and natural gas prices. As of 2024, Oncor’s commercial energy rates hover around 15.9 cents per kWh for 500 kWh, with lower rates available for higher consumption brackets, such as 14.1 cents per kWh for 2,000 kWh
These prices are competitive in the Texas deregulated market, allowing businesses to compare multiple providers through platforms like EnergyPricing.com.
Historical Rate Trends
Over the past two years, Oncor has experienced fluctuations in commercial rates due to changing market dynamics. In 2022, rates peaked at 20.1 cents per kWh for 1,500 kWh during the summer, following high electricity demand and natural gas price spikes
. Rates later decreased, reaching 13.3 cents per kWh for 1,500 kWh by December 2022
Understanding these trends helps businesses forecast future costs and plan their energy budgets.
Cities and Towns in Oncor’s Deregulated Areas
Businesses across Oncor’s deregulated service area, including cities like Dallas, Fort Worth, Midland, and Arlington, can access a wide range of electricity plans. Each area offers different rates depending on local market conditions and specific energy demands.
Future Outlook
With Texas energy markets tied closely to natural gas prices and increased demand, future commercial electricity rates may continue to fluctuate. Energy analysts predict moderate increases in electricity rates through 2025, driven by infrastructure upgrades and rising fuel costs
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Stock Market Information and Company Overview
Oncor Electric Delivery is a privately held company, with its majority ownership controlled by Sempra Energy, a publicly traded company listed on the New York Stock Exchange (NYSE: SRE). Sempra’s strong market position and diversified energy portfolio have supported Oncor’s growth, and Oncor continues to invest in grid reliability and advanced metering systems.
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Conclusion
Businesses in Oncor’s service area benefit from the competitive nature of Texas’ deregulated market. By regularly comparing rates and monitoring historical trends, companies can manage their energy expenses effectively. For further information on commercial energy rates and plans, visit Group Energy at GroupEnergy.org or contact them at 402-431-2646.