Plano Electricity Rates and Companies

Your power to choose electricity in Plano

Plano’s deregulated energy market gives locals the power to choose their electricity company instead of buying electricity from the local utility. If you’re a Plano resident or business owner, you can shop and compare Plano electricity rates and plans until you find an energy provider that meets your needs and budget. This helps you secure the best rate possible and gives you the option to switch plans if you’re unhappy with your current service.

Choose Texas Power is not affiliated with Power to Choose, powertochoose.org, or the PUCT.

Average residential energy rate

The electricity rate you’ll pay in Plano depends on how much electricity you use, as most plans have a tiered pricing structure

• At the 500 kWh level, the average rate in Plano is 20.7 cents per kWh
• At the 1000 kWh level, the average rate in Plano is 12.8 cents per kWh
• At the 2000 kWh level, the average rate in Plano is 16.1 cents per kWh

Shop energy rates on our independent marketplace to easily find a competitive fall energy plan. Compare the best power companies and rates in Plano by entering your ZIP code on our marketplace. You can also call our experts to shop over the phone and sign up for a plan in minutes.

The current lowest electricity rate available in Plano is 8.6¢ from Frontier Utilities.

Explore our best energy providers

Having as many energy options as you do in a deregulated market can feel overwhelming. To help, we’ve highlighted a few of our most popular electricity providers across Texas. Some of the top energy providers on our marketplace include TXU Energy, Gexa Energy, and 4Change Energy. Find out what these providers—and more like them—have to offer.

Shop these and numerous other energy providers by entering your ZIP code on our marketplace today.

Oncor Electric Delivery: Plano’s utility company

While you can choose your electricity provider in a deregulated market, your utility company is determined by your address and cannot be changed. Utilities deliver electricity, maintain power lines, and restore service during power outages. The utility company for Plano is Oncor Electric Delivery. In the event of a power outage or electrical emergency, call your utility company, not your provider. Here’s how to contact Oncor:

• Call 1-888-313-4747
• Text “OUT” to 66267
• Report an outage online

All utility companies charge a transmission and distribution utility (TDU) fee for delivering electricity. This includes a base monthly charge and a usage charge per kWh. Oncor Electric Delivery charges $4.23/month and 5.6032 cents/kWh.

Types of Plano electric plans

Before you compare electric rates in Plano, it helps to understand the different types of energy plans and how they work. Here’s a quick rundown:

• Fixed-rate plans: When you select a fixed-rate plan, you’ll sign a contract with your provider, which typically lasts between 12 and 36 months. During that time, your electricity rate won’t change, so you won’t be vulnerable to price hikes when energy demand is high. A fixed-rate plan is ideal for homeowners looking for long-term stability. However, if you want to switch providers or cancel your plan before your contract expires, you may have to pay an early termination fee (ETF).
• Variable-rate plans: These types of plans don’t come with contracts, so you’re free to switch energy companies at any time without paying a fee. However, variable-rate plans don’t lock in your energy price. Instead, your rate can change based on the wholesale cost of electricity. This means you could have a cheaper rate when the market rate is low, but your rates will likely increase when demand goes up. If you’re a renter or move frequently, this may be the right kind of plan for you.
• No-deposit plans: Electricity providers often require you to pay a deposit before beginning service. You can avoid this requirement by signing up for a no-deposit plan, such as a prepaid plan. With a prepaid plan, you’ll pay for your usage upfront and top up your account as you go.
• Time-of-use plans: A time-of-use (TOU) plan contains rates that fluctuate based on electricity demand. During times of low demand, such as late at night, you can enjoy a decreased rate. However, your rate may increase during peak hours, like mornings and afternoons. This plan could be advantageous if you are comfortable shifting your usage to capture lower rates during off-peak hours.

Understanding Plano electric rates

Electricity rates vary across Texas, depending on your utility company, location, energy demand, and other factors. Each utility has its own transmission and delivery fees, which impact the price you pay for electricity. Because of this, your rate might be higher or lower than someone else’s in a nearby city — even if you have the same plan and provider.

To find accurate and up-to-date rates in your area, submit your ZIP code on this page today.

Commercial energy

Deregulation also applies to commercial properties, so if you’re a business owner in Plano, you can sign up with the electricity company that best meets your company’s energy needs. Fill out Choose Texas Power’s business energy form or give us a call to get to know your options and start building a customized commercial electricity plan today.

Green energy plans

Texas is leading the way forward in renewable energy, ranking first in the nation for wind power and second for solar energy generation. Thanks to the state’s focus on green energy, Plano residents have plenty of choices when it comes to renewable energy plans.

In the Lone Star State, all electricity plans include a portion of renewable energy — and some are even 100% green. To find your plan’s renewable energy percentage, check the Electricity Facts Label (EFL).

If you’re interested in going green, there are a few electric companies that specialize in 100% renewable energy options. Enter your ZIP code and search for green plans from Gexa Energy and Green Mountain Energy.

How to switch energy companies

Whether you’re planning a move to Plano or you’re a long-time local, you can use Choose Texas Power to find the right electricity plan for your home or business. Here’s how our marketplace can help you find the best electricity rates in Plano.

Moving to a new address

If you’re relocating to Plano from another part of Texas, you may be able to transfer your current plan to your new address. Contact your provider a couple of weeks before your move and ask if you can keep your existing plan. If not, Choose Texas Power can help you find the best provider and electricity plan for your new home. Just enter your new Plano ZIP code to begin.

Switching energy providers

You can also switch electricity providers if you’re unhappy with your service or want to lock in a cheaper rate. Whatever the reason, Choose Texas Power’s marketplace makes it easy to compare light companies and switch plans. Just keep in mind that you’ll likely need to pay an ETF if you leave a fixed-rate plan before your contract expires.

Plano energy FAQs

Which provider has the cheapest electricity rates in Plano?

Today, you can find Plano electricity rates on Choose Texas Power for as low as 8.6 cents per kWh from Frontier Utilities. But rates often change, so it’s important to search for the most up-to-date information using your ZIP code.

Where can I compare Plano electricity rates?

Using a marketplace like Choose Texas Power is the best way to compare Plano electricity rates. In just a couple of clicks, you’ll get a list of rates, plans, and providers in your area, which makes it easier to find the right electricity plan for your needs.

How can I lower my electricity bill in Plano?

Reducing your electricity consumption can help lower your power bill. You can do this in many ways, including taking shorter or fewer showers, unplugging appliances when they aren’t in use, and washing your clothes in cold water. You might also be able to save on energy costs by switching power companies or signing up for a prepaid plan.

What is the best energy provider in Plano?

That depends on your individual needs. If you’re looking for green energy plans, a company like Gexa Energy might be the best option for you. Or, if you need a prepaid plan, Payless Power should be at the top of your list. Once you decide what your needs are, go to Choose Texas Power and narrow down your search criteria to find the best energy provider for you.