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McKinney
Written By:
Anna Grisham
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By:
Thad Warren
On:
May 21, 2024

Best Electricity Rates in McKinney

McKinney Electricity Rate Trends

Hello McKinney! Let Us Assist You

When it comes to the energy industry, we understand that it can be overwhelming. But don't worry, we're here to make it simple and easy for you. Our unique approach takes the hassle out of finding the perfect energy plan.

By analyzing your previous energy usage, we can tailor a plan that meets your specific requirements. No need to waste time trying to decipher complicated energy plans, leave it to us and we'll find the best plan for you quickly. Trust us, you won't regret it.

How to Switch Electricity Plans in McKinney

Unsatisfied with your current energy plan in McKinney? It might be time to consider switching to a new electricity provider. If you're on a fixed-rate plan in McKinney, watch out for potential Early Termination Fees (ETFs) if you decide to cancel before your contract is up. The good news is you can bypass this fee by changing electricity companies within 14 days before your existing plan expires, or if you’re making a switch due to relocation.

Here’s how to make a smooth transition in McKinney:

  1. Identify Contract Expiration: Determine the end date of your current contract. This allows you to start the hunt for a new plan up to 90 days before you kickstart services with your new electricity provider.
  2. See Your Options: Dive into the GridHacker marketplace to compare the electricity rates available. You can filter your search to match your preferences, such as plan type, green energy inclusion, and other criteria.
  3. Select and Switch to Your New Plan: Once you find a plan that suits your energy needs and preferences, sign up and let your new provider take care of the switching process, ensuring no disruption in your electricity supply.

Ready to make the switch? Input your ZIP code on our marketplace to check out the electricity rates in McKinney and find a plan that offers savings and satisfaction.

Types of Energy Plans in McKinney

There are several types of electricity plans available in McKinney, Texas. These include:


Fixed-rate plans in McKinney

These plans offer a fixed rate for the length of the contract, typically between 6 and 36 months. Customers on a fixed-rate plan will pay the same price for their energy usage each month, regardless of fluctuations in the market.


Variable-rate plans in McKinney

These plans have rates that can fluctuate based on the market price of electricity. Customers on a variable-rate plan may see their rates go up or down each month.


Green energy plans in McKinney

These plans offer electricity generated from renewable sources such as solar or wind. Customers on a green energy plan may pay a slightly higher rate for their electricity, but they can feel good about supporting renewable sources.


Prepaid plans in McKinney

These plans allow customers to pay for their electricity usage in advance. Customers on a prepaid plan will not receive a monthly bill, but they will need to monitor their usage and add funds to their account as needed.

It's important to compare different plans and choose one that best fits your needs and budget. You can compare electricity plans in McKinney by contacting the various electricity providers in the area and asking about their available plans and rates.


Electric Utilities and Providers in McKinney

There are two types of electric companies in McKinney that you are likely familiar with. Utilities and providers. Keep reading to learn more.


The Electric utility in McKinney is Oncor Energy

The electric utility in McKinney is Oncor Energy. They are responsible for maintaining the electricity grid and delivering electricity to homes and businesses through a network of power lines and other electrical infrastructure.

When you have a power outage your utility company is responsible for making the repairs.


McKinney Electricity Providers

There are dozens of energy providers/suppliers that serve McKinney. In Texas, this is the company that you pay your electric bill to. Some large brands include TXU Energy, Reliant Energy, Direct Energy, and a whole lot more.

These companies buy power on the wholesale market and sell it to individuals like you and me.

Business and Commercial Electricity Rates in McKinney

Businesses generally have lower electricity rates than homes in Texas. Additionally, commercial rates do not include the transmission and delivery fees as part of the displayed price.

Electricity Service Information in McKinney

Report an electricity outage in McKinney

To report an electricity outage or downed power line, contact Oncor Energy at 888-313-4747.

You can also report an outage with Oncor online here.

Shop cities nearby to McKinney

McKinney zipcodes

75069 75070 75071 75072 75454

Other energy resources for McKinney

McKinney Electricity FAQs

In McKinney, electricity rates can vary due to factors such as location, season, and market dynamics. As of 2024, a competitive rate per kWh in McKinney generally falls between 8 to 12 cents for residential customers. It's important to remember that this is an approximate range and actual rates may differ.
An electricity facts label or "EFL" is a document that summarizes important information about an electricity plan.They are required for all residential energy plans in McKinney. However, they are not required for commercial electricity plans.

An early termination fee (ETF) is a charge that is levied by an electricity provider if you cancel your contract before the end of the agreed-upon term. ETFs are common in the electricity industry and are typically designed to compensate the provider for the costs associated with setting up your service, such as installing a meter or running new power lines to your home.

There are a few ways you can avoid an ETF when canceling your electricity plan:

  1. Wait until your contract is up: The most straightforward way to avoid an ETF is to simply wait until your contract term has expired before canceling your service.
  2. Negotiate with your provider: If you need to cancel your contract before the end of the term, you may be able to negotiate with your provider to waive or reduce the ETF. It never hurts to ask, and you may be able to come to an agreement that works for both of you.
  3. Switch to a new provider: If your provider is unwilling to waive or reduce the ETF, you may be able to avoid the fee by switching to a new provider. Just be sure to carefully read and understand the terms of any new contract you sign to ensure you won't be subject to any ETFs or other fees down the road.
  4. Check if you qualify for a hardship exemption: Some states have hardship exemptions that allow customers facing financial difficulties to cancel their contracts without incurring an ETF. You may be able to qualify for an exemption if you are experiencing a temporary or permanent financial hardship, such as a job loss, a reduction in income, or a medical emergency.

The electric utility in McKinney, Texas is Oncor. Some areas of McKinney may be served by other utilities or co-ops. You can find the utility for your address here.

There are several renewable energy providers that serve McKinney. To compare renewable energy plans enter your zip code here and look for the small leaf icon. This will tell you how much of the plan is from renewable energy.

If your power goes out, there are a few steps you should take to stay safe and report the outage:

  1. Stay safe: If the power goes out, unplug any appliances and turn off any light switches to prevent a surge when the power comes back on. Avoid using candles or open flames as a light source, as they can be a fire hazard.
  2. Check your fuse box or circuit breaker: Your fuse box or circuit breaker may have tripped, causing the power outage. Check to see if any switches have been tripped or if there are any blown fuses. If you find the problem and are able to fix it, the power should come back on.
  3. Check with your neighbors: If your power is out but your neighbors' power is on, the problem may be with your home's electrical system. Check with your neighbors to see if they are experiencing a power outage as well.
  4. Report the outage: If you are unable to fix the problem and your neighbors are also experiencing a power outage, you will need to report the outage to your utility. In McKinney that is likely Oncor.
  5. Stay informed: If the power outage is widespread, your electricity provider may have updates on their website or social media accounts. You can also tune in to local news or follow emergency services on social media to stay informed about the situation.

There are several ways you can lower your electricity bill in McKinney:

  1. Use energy-efficient appliances: Replacing your old appliances with Energy Star certified appliances can help you save on your electric bills. These appliances are designed to use less energy and can help you reduce your energy consumption.
  2. Turn off lights and appliances when not in use: Leaving lights and appliances on when you're not using them can add up on your electricity bill. Make a habit of turning off lights and appliances when you leave a room or when you're finished using them.
  3. Use natural light: During the day, open blinds and curtains to let in natural light instead of turning on the lights. This can help you save energy and lower your electricity bill.
  4. Install a programmable thermostat: A programmable thermostat can help you save on your electric bills by allowing you to set a schedule for your heating and cooling system. You can set the thermostat to turn off when you're not home or when you're asleep, which can help you reduce your energy consumption.
  5. Shop around for a better electricity rate: The cost of electricity can vary significantly among different providers. By shopping around and comparing rates, you may be able to find a better deal and lower your electric bills