The Choose Energy marketplace offers fixed-, variable- and no-deposit energy plans. Each type of plan has unique features that may work best for you, depending on your energy needs.
These electricity plans are popular for their predictability. With a fixed-rate plan, your provider sets a stable rate for every kilowatt-hour (kWh) of electricity you use. By securing your rate with a contract, these plans protect you from fluctuations in the energy market, usually for one to three years. In exchange for that stability, you’ll have to pay an early termination fee (ETF) if you cancel your plan before the contract ends.
With a variable-rate plan, your monthly rate can change based on the wholesale cost of electricity, which fluctuates depending on demand. The upsides of this unpredictability are that you can change your plan at any time without incurring an ETF and that you can take advantage of cheap rates when demand is low. However, if demand increases when temperatures are more extreme, you will likely pay higher rates.
Prepaid and no-deposit plans
Many energy providers require a deposit before you start service. However, you can opt for a no-deposit plan if you are comfortable with prepaying every month. Prepaid electricity plans require you to maintain a balance in your account, but you don’t have to pay an upfront deposit. You can also bypass a credit check with this type of plan.
Enter your ZIP code to discover the types of energy plans and compare electric rates in Allen.
Allen green energy
In Texas, the transition to renewable energy sources such as solar and wind energy is a priority. Texas produces 12% of the country’s solar power supply and more than 26% of the country’s wind power supply.
Because of this, every electricity plan in Texas features at least a portion of green energy, and some Allen energy providers even offer 100% green energy plans. Allen residents interested in switching to renewable energy should check out plans from Gexa Energy and Green Mountain Energy. You can find green energy plans in Allen by entering your ZIP code on the Choose Energy marketplace.
Allen energy for business
The power to choose in Allen doesn’t only apply to residents — companies can also benefit from deregulation. Choose Energy can help Allen residents find and sign up for a business electricity plan. Call today to speak to an energy expert or visit this page to start building a custom commercial energy plan for your business.
Allen electric rates in my area
Utility transmission fees differ throughout the state, meaning you may pay a different rate than someone in another part of Texas, even for the same plan. Because of these variations between Texas electricity rates in Allen and elsewhere, it’s important to get an accurate quote for your area. Enter your ZIP code to get a list of up-to-date cheap electricity rates in Allen.