The Texas Senate deregulated the energy market for the majority of the Lone Star State in 2002. This legislation, which included Allen, provided customers with the option to select their own energy provider among a variety of companies. The goal was to provide more reasonable electricity prices to consumers, creating a healthy competitive marketplace among suppliers.
Energy deregulation means there is now a retail energy market in Allen. Residents can research and compare electricity plans and choose their preferred supplier. By choosing the best plan at the most optimal time, residents can cut down on energy costs.
Prior to deregulation, one utility company serviced each area, with the state controlling rates. The problem with that system was that there was no incentive to lower the rates. That meant there was no competition. Deregulation changed that and helped create a natural competition.
Oncor Electric is the utility provider in Allen. That means that Oncor transmits and distributes electricity, regardless of the chosen electric provider. It’s also the company you alert when experiencing an outage.
The Choose Energy marketplace offers options for Allen energy rates, including no-deposit electricity plans, shares helpful tips on how to move your electricity services, and how to switch providers. Ready to make the move? Enter your ZIP code above to see what’s available in your area.