Sherman Electricity Rates and Companies

Your power to choose electricity in Sherman

If you live in Sherman, you’ll benefit from the deregulated Texas energy market. That means you have the power to choose an electricity provider instead of buying energy from your utility company. Enter your ZIP code on the Choose Texas Power marketplace to explore your options and sign up for a new plan.

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 Sherman depends on how much electricity you use, as most plans have a tiered pricing structure

• At the 500 kWh level, the average rate in Sherman is 19.3 cents per kWh
• At the 1000 kWh level, the average rate in Sherman is 11.8 cents per kWh
• At the 2000 kWh level, the average rate in Sherman is 14.7 cents per kWh

Shop energy rates on our independent marketplace to easily find a competitive winter energy plan. Compare the best power companies and rates in Sherman 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.

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.

Provider	Best known for	Our rating
TXU Energy	Offering a diverse selection of plans	5/5
Gexa Energy	100% green energy plans at an affordable cost	4.9/5
4Change Energy	Donating 4% of its annual profits to Texas charities	5/5
Express Energy	Attentive customer service	5/5
TriEagle Energy	Transparent, fixed-rate plans	4.9/5
Frontier Utilities	Low-cost, straightforward power plans	4.8/5
Veteran Energy	Its mission to help veterans and their families	5/5

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

Oncor Electric Delivery: Sherman’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 Sherman 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 5.6183 ¢/kWh.

Types of Sherman electric plans

Not sure which kind of electricity plan is best for your household? Here are the most common types you’ll encounter on Choose Texas Power’s marketplace:

• Fixed-rate plans: If you sign up for a fixed-rate plan, you’ll enter into a contract with your provider (which generally lasts 12 to 36 months). During that time, your electricity rate won’t change. However, fixed-rate plans often come with early termination fees (ETFs), which apply if you cancel your plan before your contract runs out.
• Variable-rate plans: With a variable-rate plan, your rate changes depending on the wholesale cost of electricity. That means you can get a cheaper rate when demand is down, but your rate will likely go up when demand increases. On the plus side, there are no ETFs or contracts, so you can switch plans or providers whenever you want.
• No-deposit plans: If your credit score falls below a certain threshold, you may have to pay a deposit on your electricity plan. One way to avoid this is by signing up for a no-deposit plan. For example, prepaid plans don’t require a deposit and allow you to pay for your electricity upfront. When your account funds run low, your provider will notify you to top them up.
• 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 Sherman electric rates

Electricity prices vary throughout Texas, mainly due to different utility transmission and distribution charges. Your rate in Sherman could be entirely different from someone else’s rate in Houston, even for the same plan. To make sure you get accurate pricing for your area, it’s important to factor in your location before shopping for electricity plans. When you’re ready to discover and compare electric rates in Sherman, enter your ZIP code on the Choose Energy marketplace.

Commercial energy

If you own a business in Sherman, you can choose your company’s energy provider. Choose Texas Power offers two options for setting up electricity for your business: give us a call to speak with a dedicated business energy consultant or visit PowerHQ.com to browse multiple commercial energy plans.

Green energy plans

No matter which energy plan you choose in the Lone Star State, at least a portion of its power will come from renewable sources. You’ll find more information about your plan’s renewable content in its Electricity Facts Label (EFL).

You can compare prices for 100% green energy plans on our marketplace by entering your ZIP code and selecting the green energy filter.

How to switch energy companies

With Choose Texas Power, you can easily sign up for a new energy plan or switch electricity providers. Here’s how our independent marketplace helps you discover the best electricity rates in Sherman and secure the right plan for your needs.

Moving to a new address

If you’re moving to Sherman, you may be able to transfer your current electricity plan to your new home. Contact your light company ahead of your move to determine if you’ll need a new plan. Otherwise, shop for a reliable new provider using your new ZIP code on our marketplace.

Switching energy providers

If you’re unhappy with your current provider or want a cheaper rate, you can also use Choose Texas Power to switch providers. However, it’s a good idea to check the EFL on your current plan first. If it’s a fixed-rate plan, you’ll usually have to pay an ETF if you cancel before your contract is up.

Sherman energy FAQs

Which providers typically have the cheapest electricity rates in Sherman?

The cheapest rates change often, the lowest available electricity rate today is 7.6 from APG&E. You can also typically find cheap rates from companies like 4Change Energy, Gexa Energy, Express Energy, and Frontier Utilities.

Where can I compare Sherman electricity rates?

Use an energy plan marketplace like Choose Texas Power to compare today’s best energy rates in Sherman. All you need to do is enter your ZIP code on our marketplace or call our live agents to quickly find the best plans and providers near you.

What is the average electric bill in Sherman?

The average electric bill in Sherman is currently around $156 per month. To calculate this, we referenced average electricity usage data from the Energy Information Administration (EIA) and our latest average marketplace rates.

How can I lower my electricity bill in Sherman?

One of the quickest ways to lower your electric bill is by reducing your electricity usage. You can do this in many different ways, such as installing a smart thermostat, taking shorter showers, changing your HVAC filters regularly, turning up the temperature, and switching to LED light bulbs.