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Written By:
Thad Warren
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Anna Grisham
May 21, 2024

Best Electricity Rates in Plano

Plano Electricity Rate Trends

Why Choose GridHacker?

The energy industry can be overwhelming and confusing. At GridHacker, we aim to simplify the process of finding the perfect plan for you.

Our innovative approach involves analyzing your previous energy consumption to match you with a plan that suits your specific needs.

With our assistance, you can save time and energy when navigating the complex world of electricity plans. Trust us to lead the way and find your ideal plan efficiently.

Switching Electricity Companies in Plano

In Plano, being proactive about your electricity service can lead to notable financial benefits. It's advisable to search for more competitive rates annually as your electricity contract nears its expiration.

Typically, once your initial contract period is over, your electricity provider might increase the rate. Without action, you will be transitioned to a month-to-month plan, usually at a rate much higher than your original contract.

Before you renew with your existing provider, it’s worthwhile to investigate the rates from other electricity companies in Plano. This comparison could significantly lower your annual electricity costs.

Switching in Plano is easy and has several benefits:

  1. You don’t need to contact your current provider to cancel, eliminating the need for a "break-up call."
  2. No one will need to visit your property to switch services.
  3. Your electricity supply will continue without interruption.
  4. The entire process is quick and efficient, often completed in just minutes.

When you choose to switch, your new electricity provider will take care of everything, including canceling your current service.

In Plano, the physical infrastructure, like the wires and poles that deliver electricity to your home, remains the same regardless of which provider you choose, ensuring the continuity and reliability of your service. This infrastructure is managed by the local Transmission and Distribution Utility (TDU).

Under Texas law, you can switch providers without facing an "early cancellation" fee if you do it within 14 days before your current contract ends.

If your contract is still active, check how much time is left. You can usually set a start date with a new provider up to 60 days in advance.

The savings you gain each month by switching to a different electricity provider might outweigh any early termination fee associated with your current contract.

To make the best decision when switching and to find the most suitable plan, it's essential to know your electricity usage. Gathering data on your usage for the past year will help you identify the most cost-effective plan for your needs in Plano.

Types of Energy Plans in Plano

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

Fixed-rate plans in Plano

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 Plano

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 Plano

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 Plano

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 Plano by contacting the various electricity providers in the area and asking about their available plans and rates.

Electric Utilities and Providers in Plano

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

The Electric utility in Plano is Oncor Energy

The electric utility in Plano 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.

Plano Electricity Providers

There are dozens of energy providers/suppliers that serve Plano. 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 Plano

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 Plano

Report an electricity outage in Plano

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 Plano

Plano zipcodes

75023 75024 75025 75026 75074 75075 75086 75093 75094

Other energy resources for Plano

Plano Electricity FAQs

In Plano, electricity rates can vary due to factors such as location, season, and market dynamics. As of 2024, a competitive rate per kWh in Plano 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 Plano. 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.

The electric utility in Plano, Texas is Oncor. Some areas of Plano 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 Plano. 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 Plano 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 Plano:

  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