The cheapest electricity rates in Plano are at your fingertips. The Vault electricity rate comparison tool allows you to search for electric plans available in your city and choose the plan that works best for your needs.
Texas is a power to choose electricity market. This means that in most parts of the state consumers can shop for electricity and choose the provider that offers the cheapest rates or the best features.
Electricity providers spend a great deal of money advertising on television. But the truth is most plans advertised on television are among the most expensive plans on the market.
Electric companies know that savvy consumers shop for electricity online. At Vault electricity we’ve compiled all the most trusted electricity brands and the cheapest available electricity rates in one place to make the process easier for you.
Featured Electricity Rates In Plano, Texas
What to Do If Your Electricity Plan is Expiring
Sometime as the end of your current plan approaches, your electricity provider will probably contact you with an offer for a new plan once your current plan expires. This new plan may have a better or worse electricity rate depending on what is going on in the market and how aggressive the provider is currently being with their own pricing.
Either way, you should compare this offer with other plans being offered by other electricity providers. There is a good chance you will find a better rate with another provider. If you do find a better rate with another company, you can usually enroll in a new plan with a start date as much 2 months out. When the switch date arrives, your new provider will handle the switch. There is no need to contact your current provider.
Top Plano Electricity Rates From Each Provider
|4Change Energy||Free Energy 12||6.9¢/kWh|
|Gexa||Saver Supreme 36||7.7¢/kWh|
|Cirro Energy||Smart Value 12 Online||8.5¢/kWh|
|4Change Energy||Budget Saver 12||7.9¢/kWh|
|Direct Energy||Veteran & Active Military 12||10.6¢/kWh|
|First Choice Power||You Got This 24||11.0¢/kWh|
|TXU||Clear Deal 12||10.9¢/kWh|
|4Change Energy||Maxx Saver 12||6.9¢/kWh|
|Green Mountain Energy||Pollution Free e-Plus 24 Preferred||12.8¢/kWh|
|Champion||Champ Saver 12||12.6¢/kWh|
|Reliant||Reliant Clear Flex||13.1¢/kWh|
|Gexa||Saver Supreme 16||8.1¢/kWh|
|Payless Power||SmarTricity Flex Saver||11.9¢/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 >>>
Which Electric Company Distributes the Electricity in Plano?
You may be surprised to know that the retail electric company you select is not the company that is responsible for actually delivering the power to your home. Deregulation created separate roles for different types of companies within the Texas electricity market.
The heavy lifting of delivering power to your home is actually done by companies known as transmission and distribution utilities. These utilities have defined regions where they are responsible for maintaining the power lines and actually getting power into your home. If there is a power outage or a downed line, it is their crews that respond.
In the Plano area, the TDU is ONCOR. They deliver electricity to every home and business in their region regardless of who the retail electricity provider is that sells the electricity to that address.
This makes it so much easier to pick an electricity provider because it take reliability of service out of the equation and allows consumers to focus purely on price.
Are You Thinking of Moving to Plano?
With a population of close to 286,000 people, Plano is the ninth largest city in the state of Texas. It is home to many prestigious companies who either have headquarters or major offices within the city. Some of these include: Alliance Data, Cookies by Design, Cinemark Theatres, Fedex Office, Frito-Lay, JCPenney, Pizza Hut/Wing Street, Rent-A-Center, and Yum China Holdings to name a few. On the map, the city of Plano lies about 18 miles away from Plano. It has ranked high as a very safe city; the data shows that crime incidence in Plano is far below the national average.
Some of Plano’s top employers are Capital One Finance, DXC Technology, Bank of America Home Loans, Red Bee Media, Toyota Motor North America, Inc. and Frito Lay. And there are many more jobs to be had in the Plano area. The unemployment rate is really low at 3.5%. The estimated median household income is far above the average Texas rate. And about 94% of people from Plano over the age of 25 have earned a high school diploma and 57% have earned a Bachelor’s degree or higher.
Lance Armstrong, the famous cyclist, was born in Plano. In addition, MLB Pitcher Jake Arrieta grew up Plano Texas.
The Electricity Plans in Plano Have Cancellation Fees
Expect the electricity plan you select to include an early cancellation fee (sometimes referred to as an early termination fee). For residential customers, you are usually not charge this fee if you are moving from your current address. You will want to check with your provider for their specific policies. Cancellation fees are listed here on Vaultelectricity.com as well as in the plan’s paperwork.
Plano No Deposit Electricity Plan Options
Electricity providers run credit checks on people who sign-up for electricity. As long as the credit check meets their requirements, no deposit is required.
Quite often, however, they will ask for a sizable deposit. When this happens, you have a couple of options.
You can try enrolling with a different provider. The credit requirements of each provider can be different. If one provider asks for a deposit, another provider may offer you a no deposit electricity plan. At a minimum, you may find that another provider asks for a smaller deposit.
If you have no luck with these options, you can enroll in a prepaid electricity plan. Prepaid electricity plans are very popular in Texas. You can usually get power turned on for under $50. This money is not a deposit. You are paying for the electricity you use in advance.
Green Energy Electricity Plans
There are a lot of great renewable energy plans available in Plano. Many companies offer at least one green energy plan and Green Mountain Energy, an electric company owned by the parent company of Reliant, specializes in exclusively 100% Green Energy. Look for the green energy icon among the electricity plan listings on Vault or filter to see only 100% green energy plans.
How To Use Our Website to Compare the Cheapest Electricity Rates in Plano
- Enter your zip code to see a complete list of Plano electric companies and their electricity rates.
- Don’t pay attention to the brand names. All of the companies listed in our online marketplace are among the most trusted names in Texas energy. They all meet our requirements of stability, trustworthiness, and transparency. You may be tempted to pay a little more to enroll with an electric company whose name you are familiar with. That is, of course, your choice. But it isn’t necessary. All of these companies are selling the exact same product and your electricity will be delivered by the same transmission utility as everyone else in your area regardless of which retail electricity provider you choose.
- If you are asked to pay a deposit, check out your options for no deposit electricity
- Select the appropriate home size when you are comparing Texas electricity rates to make sure you are getting the plan that is the best fit for your situation.
- Bookmark this page and return when your next electricity plan contract expires to make sure you continue to pay the lowest rate possible for your power.
Oncor Utility Company is the TDU for Plano
TXU/Oncor Contact Information:
For power outages in Plano Texas, please call Oncor at 1-888-313-4747. To have underground lines located prior to digging in Plano Texas, call 1-800-344-8377. To view Plano Texas outage maps, click here.
Smart Meter Information:
For information on the smart meter program in Plano Texas, click here.