Your power to choose electricity in Princeton

Since Texas deregulated its energy market back in 2002, consumers in most parts of the state (including Princeton) have had the power to choose their electricity provider. Rather than buying power from the local utility company, residents can compare rates from different providers and sign up for an affordable plan that meets their needs.

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

Average residential energy rate

According to the latest data from Choose Texas Power’s marketplace, the average residential electricity rate in Princeton is 14.45 cents per kilowatt-hour (kWh), which is 6.71% lower than the Texas average, and 17.29% lower than the national average. This rate is based on a monthly usage of 1,000 kWh — so if you use less or more electricity each month, you could pay a different rate.

Princeton electricity rates also vary depending on your home’s size and occupancy, as well as the time of year. In general, rates are higher in summer and winter due to the increased need for heating and cooling, which raises electricity demand — and prices.

Best electricity providers

Thanks to deregulation, you can choose from a large number of Princeton electricity providers, each of which has its own rates and plans. In addition to selling energy plans, energy companies also manage billing and track customers’ electricity usage.

Today’s lowest rate in Princeton is 9.5¢ per kWh, offered by APG&E. At Choose Texas Power, we work with reliable power companies in your area. Some of the most popular Princeton electricity providers are TXU Energy, Direct Energy, Gexa Energy, Frontier Utilities, and Payless Power.

Oncor and Texas-New Mexico Power are Princeton’s utilities

In Princeton’s deregulated market, you can pick your energy provider, but you can’t choose your utility company. Instead, utilities — which distribute power and maintain electrical infrastructure — are assigned by your address. In Princeton, there are two utility companies: Oncor Electric Delivery and Texas-New Mexico Power (TNMP).

If you lose power in Princeton, you should report the outage to your utility (and not your energy provider). Here’s how:

• Oncor: Call 1-888-313-4747, text OUT to 66267, or visit Oncor’s outage center
• TNMP: Call 1-888-866-7456 or use TNMP’s outage center

Types of Princeton electric plans

Like energy providers, there are also different types of electricity plans in Princeton. Here are the main ones you’ll find on our marketplace:

• Fixed-rate plans: You’ll pay the same rate for electricity for your entire contract period, which will generally last 12, 24, or 36 months. While this can make your energy costs more predictable, it also means you’ll have to pay an early termination fee (ETF) if you cancel or switch before your contract officially ends.
• Variable-rate plans: Your rate is tied to the wholesale cost of electricity, so it can change every month. When rates dip, this can work in your favor — but when rates rise, you’ll likely pay more. Variable-rate plans don’t have contracts or ETFs, so you have the flexibility to change plans whenever you’d like.
• No-deposit plans: Most energy companies in Princeton charge an upfront deposit if your credit score isn’t up to certain standards. To avoid this, you can sign up for a no-deposit plan, like the prepaid plans offered by Payless Power. With this arrangement, you’ll skip the initial deposit and pay for your electricity before you use it. You’ll get a notification when it’s time to top up your account.

Understanding Princeton electric rates

Electricity rates in Texas are highly dependent on where you live. This is primarily due to different utility transmission charges throughout the state. When shopping for a new energy plan, always specify your ZIP code to find accurate rates for your area.

To discover today’s best electricity rates in Princeton, enter your ZIP code on this page today.

Commercial energy

If you’re a business owner in Princeton, you’re also free to pick your company’s electricity provider — and Choose Texas Power can help. Get in touch with our team by calling the number on your screen or filling out our business energy form to start building your customized commercial energy plan today.

Green energy plans

There are many green energy plans available in Princeton, thanks to Texas’ significant investment in renewable energy. In fact, the Lone Star State is the biggest producer of wind energy in the U.S. and the second-leading producer of solar energy. Because of this, it’s easy to find a renewable plan in Princeton.

All Texas electricity plans have some portion of renewable energy in the mix. To look up your plan’s exact renewable content percentage, check the Electricity Facts Label (EFL).

In Princeton, you’ll find 100% renewable energy plans from providers like Gexa Energy and Green Mountain Energy. To find them, submit your ZIP code on our marketplace and filter for “green energy.”

How to switch energy companies

With Choose Texas Power, shopping for a new energy plan is simple. Whether you’re preparing for a move to Princeton or you already live there, our marketplace lets you discover the latest Princeton electricity rates and sign up with a new provider in just minutes.

Moving to a new address

If you’re new to town, you can contact your current power company before your move and request to transfer your plan to your new address in Princeton. If they don’t service your new address, you can use Choose Texas Power to sign up for a new plan. Simply enter your Princeton ZIP code and filter the results to find plans that fit your needs.

Switching energy providers

Even if you already have an electricity plan in Princeton, deregulation lets you switch providers at any time. You can see what’s available by entering your ZIP code on Choose Texas Power’s marketplace. Keep in mind that if you have a fixed-rate plan, your provider will usually charge an ETF if you cancel early.

Princeton energy FAQs

Which providers typically have the cheapest electricity rates in Princeton?

In Princeton, the cheapest electricity rate is 9.5¢ offered by APG&E. However, since electricity prices fluctuate throughout the year, it’s a good idea to enter your ZIP code on the Choose Texas Power marketplace to ensure you get the most up-to-date rates.

Where can I compare Princeton electricity rates?

Choose Texas Power’s independent marketplace helps you compare electric rates in Princeton from the city’s leading energy companies — all in one place and at no cost to you. Get started by sharing your ZIP code on this page. From there, you can use our filters to narrow down the results and sign up for your next plan in just a few minutes.

What is the average electric bill in Princeton?

According to data from the Energy Information Administration (EIA) and Choose Texas Power’s marketplace, the average Princeton resident currently pays $165.59 per month for electricity, based on the average rate of 14.45 cents per kWh and Texans’ average usage of 1,146 kWh per month. However, your electricity bill will vary depending on your monthly usage, utility company, and more.

What is the best energy provider in Princeton?

Everyone’s energy needs are different, so there isn’t one single “best” provider in Princeton. To figure out the right power company for your household, think about what’s most important to you — whether that’s cheap rates, renewable options, or no-deposit plans. Then, you can search for plans on our marketplace and filter the results to find providers that meet your needs.