Princeton electricity rates

Located within Texas’ deregulated electricity market, Princeton gives its residents and businesses the power to choose their own electricity provider and rate plans. With Choose Texas Power, you can easily compare options and sign up for a new plan in one easy process.

Enter your ZIP code to start comparing Princeton electricity rates.

Power to choose Princeton

Texas has had a deregulated electricity market for more than 20 years. Residents and businesses in cities like Princeton have the power to choose their own electricity plan rather than having to buy it directly from their local utility company. Taking advantage of the deregulated energy market can bring you significant savings on your monthly energy bills.

Princeton electric companies

Deregulation gives you the ability to choose from a large pool of electric companies, all with their own rates and plans. Because so many companies are competing with each other, you’ll find a wide range of options for electricity rates and plan features. Some of the most popular Princeton electricity providers are TXU Energy, Direct Energy, Gexa Energy, Frontier Utilities, and Payless Power. 

While deregulation means you have the power to choose your electric provider, you’ll still rely on your local utility company for service. A utility company owns the grid and power lines that carry the electricity to your home or business, and you can’t choose your utility, no matter where you buy your electricity.

If your power goes out in Princeton, you should call your utility company. For Princeton, this is Texas New-Mexico Power or Oncor. Texas New-Mexico Power’s number for outages is 1-888-866-7456, and Oncor’s is 1-888-313-4747.

Types of Princeton electric plans

When you compare electric rates from Princeton electricity providers, you’ll find a variety of plan types. The most common options you’ll encounter are:

• Fixed-rate plans: Your electricity rate stays the same throughout your contract. This can be either 12, 24, or 36 months. While the rate itself won’t change, note that taxes and fees might fluctuate. You’ll also pay an early termination fee if you cancel your plan before the contract period ends.
• Variable-rate plans: With these plans, your rate is tied to the wholesale price of the electricity, which fluctuates from month to month. This works in your favor when rates fall, but not when they rise. However, you can change plans any time since you don’t have a contract.
• No-deposit plans: If your credit score is high enough, you may be able to avoid paying an upfront deposit for service. If not, you can opt to participate in a prepaid plan, which allows you to pay for your electricity costs in advance as you go and avoid paying a deposit.

Princeton electric rates in my area

On your electricity bill, you’ll find charges from your utility company. These vary depending on where you live, so rates can change from town to town. That’s why it’s important to shop for electricity rates in your area when you look for a new plan. Enter your ZIP code to browse the most up-to-date rates near you.

Princeton commercial energy

Like Princeton residents, local businesses can also benefit from the deregulated electricity market. Choose Texas Power can help you build a customized electricity plan and rate for your business and match you with the best electric company near you. Fill out the form on our commercial energy page to learn more.

Green energy plans in Princeton

If you are looking to lower your carbon footprint, the Lone Star State is a great place to be. Texas is one of the leading states for wind production and a top solar energy generator in the U.S., making it easy to find a plan with renewable energy options.

In fact, every electricity plan in Texas features at least a portion of green energy. You can find the exact amount on your plan’s Electricity Facts Label (EFL). Some providers even offer fully renewable energy plans. To explore these options, check out Gexa Energy and Green Mountain Energy.

Are you moving to Princeton?

Despite being located near Dallas, Princeton offers locals a small-town feel and pace away from busy urban life. Lake Lavon is a popular outdoor destination for new and longtime residents. To make the most of your time in your new home, let Choose Texas Power help you find cheap electricity in Princeton. Enter your ZIP code to explore the best electricity rates in your area.

Princeton energy FAQs

Which provider has the cheapest electricity rates in Princeton?

Providers like 4Change Energy and Express Energy offer some of the cheapest electricity in Princeton. However, your rate ultimately depends on the type of plan you choose and how much energy you use. Be sure to compare options that suit your energy needs.

Where can I compare Princeton electricity rates?

The free Choose Texas Power marketplace makes it easy to compare rates from Princeton electricity providers. Simply enter your ZIP code to explore options near you.

What is a good price per kWh?

Texas electricity rates change frequently, so the best electricity rates in Princeton can vary depending on the time of year. Sometimes, you may find rates below 10 cents per kilowatt-hour (kWh), but at other times, they may be much higher.

How can I lower my electricity bill in Princeton?

The best way to lower your electricity bill is to use less energy. Simple ways to do this include installing a smart thermostat, re-sealing drafty windows and doors, and switching to LED light bulbs. You can also shop for a lower electricity rate with Choose Texas Power.