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Written By:
Thad Warren
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By:
Kendra Aquino
On:
November 5, 2024

Best Electricity Rates in Plano

Find Your Ideal Energy Plan Effortlessly

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

Our unique approach includes analyzing your previous energy consumption to match you with the perfect energy plan for your needs.

With our help, you can navigate the complex world of electricity plans effortlessly, saving both time and effort. Try it—you won't have regrets.

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.


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.

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Plano zipcodes

75023 75024 75025 75026 75074 75075 75086 75093 75094

Other energy resources for Plano

Plano Electricity FAQs

The cheapest electricity provider is 4Change Energy, with a rate as low as 9.9.

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 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

In the energy market, especially in states like Texas, it’s important to understand the distinction between a utility and an energy provider:

  1. Utility (TDSP or TDU): The utility company is responsible for the physical infrastructure—like power lines and meters—that delivers electricity to your home or business. They maintain the grid, handle outages, and ensure safe delivery of electricity.
  2. Energy Provider (Retail Electric Provider or REP): The energy provider is the company you choose to purchase your electricity from. They set your electricity rates, provide customer service, and handle your billing. While you can switch providers to get a better rate, the utility remains the same based on your location.

In short, the utility delivers the electricity, and the energy provider sells it to you​​.

If you need same-day electricity service in Texas, you're in luck—thanks to deregulation, you have options to get power quickly. Here’s how to secure electricity on the same day:

  1. Choose a Provider Offering Same-Day Service: Some Texas electricity providers specialize in fast activation. Companies like TXU Energy, Reliant, and Direct Energy often offer same-day service if you sign up early in the day.
  2. Apply Early: To increase your chances of getting power the same day, submit your application before noon. This allows enough time for processing.
  3. Select a No-Deposit Plan: If you're worried about delays due to credit checks or deposits, opt for a no-deposit or prepaid plan. These plans often have faster processing times because they skip the credit check and deposit requirements.
  4. Use a Smart Meter: If your property has a smart meter, the provider can usually activate your service remotely, speeding up the process. Make sure to mention this when signing up.
  5. Confirm Activation: After signing up, confirm with the provider that your electricity will be activated on the same day. Some providers may offer a confirmation email or text message once your service is live.

For more detailed information, check out the full guide on GridHacker's blog.