Your power to choose electricity in Princeton

In 2002, Texas legislators voted to deregulate the state’s energy market. Instead of buying power from the local utility, residents and business owners have the power to choose their own electricity plan and power company. Taking advantage of the deregulated energy market can help you save money on your energy bill.

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

Top Princeton electricity 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.

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.

Princeton utility companies

While deregulation lets you choose your Princeton electric provider, you don’t have the same choice of utilities; your utility company is assigned to you based on where you live. Your utility is responsible for transmitting power to your home, maintaining the grid, and responding to power outages. If your power goes out in Princeton, you should call Texas New-Mexico Power (TNMP) or Oncor Electric Delivery. Contact TNMP at 1-888-866-7456 and Oncor at 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, which typically lasts for 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 (ETF) 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 you’ll pay higher rates when they rise. However, you can change plans at any time since you don’t have a contract.
• No-deposit plans: Many Princeton electricity providers require an upfront deposit. However, you may be able to avoid this fee. One way to do so is to enroll in a no-deposit electricity option, such as a prepaid electricity plan, which allows you to pay for your electricity costs in advance. You can top up your account’s balance as needed.

Understanding Princeton electric rates

On your electricity bill, you’ll find transmission charges from your utility company. These will vary depending on where you live, so rates can change from town to town, which is 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 on Choose Texas Power today.

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 or call the number on your screen to learn more.

Green energy plans in Princeton

Texas is one of the leading states for wind production and a top solar energy generator in the U.S. When you shop for a new plan, you’ll easily find several green energy options to consider.

Every electricity plan in Texas relies on green energy to some extent. You can find the exact amount on your plan’s Electricity Facts Label (EFL). Some providers even offer 100% green energy plans. Check out plans from Gexa Energy and Green Mountain Energy to learn more.

Are you moving to Princeton?

Located near Dallas, Princeton offers locals a small-town feel away from busy urban life, where 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?

The provider currently offering the lowest rates in Princeton is Express Energy. 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.

What is the average electricity bill in Princeton?

According to the latest data from the Energy Information Administration (EIA), the typical Texas resident paid 14.25 cents per kilowatt-hour (kWh) for their electricity. This amounts to an average monthly bill of around $167.87. Your bill will depend on your energy usage, electricity rate, and utility transmission charges, among other factors.

How do I find the best electricity plan in Princeton?

You can get started by providing your ZIP code on the Choose Texas Power marketplace. We have a range of filter options, allowing you to narrow your search results by provider, plan type, and other features like green energy. Then, you can browse the details of each plan on offer to determine which one is best for you.

What is a good price per kWh?

Whether or not a price is good depends on when you do your shopping. Energy demand tends to peak in the summer and winter when demand is highest. By contrast, prices drop during the spring and fall. You can find the best electricity rates in your area at any time of the year by entering your ZIP code on Choose Texas Power.