The key to saving money on electricity in McKinney is knowing your options and knowing what mistakes to avoid. Vault Electricity offers free information and our electricity rate comparison tool to help you find the provider and the electricity plan with the cheapest rate.
With hundreds of electricity plans and dozens of electric companies in Texas, consumers can be overwhelmed with choice. Fortunately, shopping becomes much easier when you can get all the information you need listed in one place with an easy to understand format.
Our team analyzes electricity plans daily to weed out the plans that promise one thing but deliver another. Over one million Texans have used our electricity rate comparison tool to find their next electricity provider.
With all the information you need at your fingertips, the whole process of shopping, selecting and enrolling in an electricity plans should take just minutes.
Featured Electricity Rates In McKinney, Texas
When Should I Renew My Electricity Plan Contract?
The real power that you have as a McKinney electricity customer have is the power to switch electricity providers when you find a better deal.
The goal of electricity providers is to keep you as a customer for life while charging you as much as possible. Your job is to keep them honest being willing to switch providers if you find a better rate.
A couple of months before your electricity plan expires, you will start getting renewal notices from your electricity provider. They will be offering you a new plan. This plan will probably be at a higher rate than your current plan.
This rate could be higher or lower than your current plan depending on the direction the market has moved since you started your current plan.
Your next step is to compare the rate they are offering with other electricity providers. The good news is that you have a great resource right here with Vault Electricity to help you compare!
You can enroll in a new plan with a start date as far as two months from the end of your current contract depending on the provider you choose.
Top McKinney Electricity Rates From Each Provider
|Electric Company||Plan Name||Electricity Rate|
|Frontier Utilities||Saver Value 12||18.2¢/kWh|
|Frontier Utilities||Frontier Saver Plus 24||10.8¢/kWh|
|Gexa||Gexa Eco Saver Plus 24||10.8¢/kWh|
|4Change Energy||Maxx Saver Select 24||10.7¢/kWh|
|Cirro Energy||Smart Simple 12||18.3¢/kWh|
|Trieagle||Sure Value 36||13.5¢/kWh|
|Direct Energy||Live Brighter 12||18.3¢/kWh|
|First Choice Power||You Got This 24||20.4¢/kWh|
|TXU||Clear Deal 12||14.5¢/kWh|
|4Change Energy||Maxx Saver Select 12||10.8¢/kWh|
|Gexa||Gexa Eco Saver Lite 12||17.9¢/kWh|
|Express Energy||Flash 24||10.7¢/kWh|
|Veteran Energy||Veteran Energy Valor 36||12.4¢/kWh|
|Reliant||Reliant Power On 12||20.2¢/kWh|
|Payless Power||Premier 12||19.9¢/kWh|
For a more detailed realtime rate comparison enter your zip code at the top of the page. Our rate comparison tool lets you see all providers and rates. You can filter by term length, usage level, green energy plans, no deposit plans and get you them most up to date pricing. The rates listed above are for the 1,000 kWh usage level. More Information on any of these plans >>>
Guide to Comparing Electricity Rates in McKinney, Texas
All electricity plans don’t fit all homes. The first thing you need to do when comparing McKinney electricity rates with our comparison tool is make sure that you are looking at rates for the size of your home. There is a setting on our plan results list that allows you to select your home size to ensure you are looking at the right rates.
There are three benchmark monthly electricity usage levels that every Texas electricity provider advertises rates for. They are:
- 2000 kWhs: This is a usage level commensurate with a larger home.
- 1000 kWhs: A good monthly estimate for a smaller house
- 500 kWhs: This is apartment sized usage
Electricity rates can be very different between these levels. If you aren’t comparing the appropriate one, you could end up choosing the wrong plan for your needs.
Moving to McKinney?
McKinney is the county seat of Collin County. Recent population estimates put McKinney as 17th in the state of Texas, with 181,330 people. Some notable landmarks in the city are Chestnut Square Historic Village, Collin County Historical Society and Museum, and the Pecan Grove Memorial Cemetery. On the map, McKinney is near Plano (12 miles) and Dallas (29 miles).
The biggest employers for McKinney are Raytheon–a defense contractor–Encore Wire Corporation, Torchmark Corporation, and the Medical Center of McKinney. The most common industries are in manufacturing and retail trade, and there are a lot of available jobs in the city. According to the data, unemployment is 3.4% which is considerably lower than the rest of the country. This of course means that a lot of the workforce are living productive, fulfilling lives.
Temperatures are average during the summer. And snowfall during the winter time is negligible. And like most Texan cities, watch out for tornadoes, as they are more likely to happen here.
In addition, the attainment of Bachelor’s degrees is more prevalent in McKinney than the rest of the state of Texas. And the most common Associate’s degrees are in Liberal Arts and General Studies. The Collin County Community College awards the most degrees per annum.
How Do Cancellation Fees Work?
One of the standard components of a Texas electricity contract is the cancellation fee. Electricity providers structure their cancelation fees in one of two ways:
- Per remaining month on the contract (perhaps $20 per month)
- A flat early termination fee. You would pay the whole fee even if you cancelled well in to the contract
These fees usually only apply when you want to switch to a new provider. Not to moveouts.
McKinney No Deposit Electricity Plans
Rather than paying $200, $300, or more for a deposit, you may consider enrolling in a prepaid electricity plan. These plans have become very popular in McKinney. You can get your lights on with a very small amount out of packet (as little as $30).
Like a debit card, this money goes to your account balance and pays for your electricity. As you use electricity, the cost is deducted from your account. You can add money to your account at any time. You don’t have to pay a single large light bill once a month and you don’t have to park a large deposit with the electric company where it does you no good.
For Prepaid Electricity Call 855-564-1181.
Electricity Plans For Apartments in McKinney
Apartments, of course, use less electricity than homes do. Electricity rates for each plan will be different depending on how much power you use. Make sure when you are shopping for apartment electricity you look at the 500 kWh rates. Plans that have attractive rates for 1000 or 2000 kWhs may have terrible rates if you only use 500 kWh. That’s why it’s critical that you select ‘Apartment’ for your home size when comparing plans on Vault Electricity.
Oncor Utility Company in McKinney
TXU/Oncor Contact Information:
For power outages in McKinney Texas, please call Oncor at 1-888-313-4747. To have underground lines located prior to digging in McKinney Texas, call 1-800-344-8377. To view McKinney Texas outage maps, click here.
Smart Meter Information:
For information on the smart meter program in McKinney Texas, click here.