Compare Princeton Electricity Rates

Princeton, one of the fastest-growing urban centers in the state of Texas, has a current population of over 11,000 residents. Located just 30 miles northeast of Dallas, Princeton sits on the north shore of Lake Lavon, with four major recreational parks throughout the city.

Princeton is also a part of Texas’ deregulated energy market. This means residents have the power to choose from a large list of rates and plans. This also means that electricity rates in Texas are more competitive than in other states without a deregulated energy market.

If you are ready to search for plans in your area, enter your ZIP code in the box above.

Princeton electric companies

Deregulation gives you the ability to choose from a larger pool of varying electric companies, all with their own rates and plans to choose from. Because so many companies are competing with each other, the customer has an economic edge in the deregulated market.

Some of the biggest players in this market are TXU Energy, Direct Energy, Gexa Energy, Frontier Energy, and Payless Power. While these are some of the more common, there is a whole host of energy companies throughout Texas.

While deregulation means you have the power to choose your electric provider, it has nothing to do with your utility company. A utility company owns the grid and power lines that carry the electricity to your home or business, and the same one delivers your power no matter where you buy the power from.

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 1-888-313-6862.

Types of Princeton electric plans

Below is a quick list of the most common Princeton electric rates:

• Fixed rate: The price at which you purchase power stays the same throughout your contract. This can be either 12, 24, or 36 months. While the rate itself stays the same, note that taxes and fees might fluctuate.
• Variable rate: Your price to purchase energy is tied to the wholesale price of the electricity, meaning it fluctuates from month to month. Good news when energy rates are falling, but not so much when they go up.
•  No deposit: If your credit number is high enough, you can avoid paying a deposit for service. Or, you can also opt to participate in a prepaid plan — pay at the beginning of each month for the amount of expected service.

Princeton green energy plans

If you are looking to lower your carbon footprint, being a part of the deregulated energy market is good news. Texas is one of the leading states for wind production in the U.S., so it’s easy to find a plan with clean energy options.

Whether you want to go full renewable, or only partial, check out our huge roster of energy companies and their renewable plans.