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.
Fixed-rate plans
These plans are popular for their predictability. With a fixed-rate plan, your provider locks in a rate for every kilowatt-hour (kWh) of electricity you use. 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.
Variable-rate plans
Variable-rate plans are riskier, but they are sometimes cheaper. Your monthly rate can change based on the wholesale cost of electricity, which fluctuates depending on demand. The upside of this unpredictability is that you can change your plan at any time without incurring an ETF.
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. This plan type can also help you bypass a credit check.
Enter your ZIP code to discover the types of energy plans available in Allen.
Allen green energy
Green energy is an alternative way for people to power their homes and businesses. In Texas, renewable energy, such as solar and wind energy, is a priority. Texas produces 12% of the country’s solar power supply and close to 24% 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 providers even offer 100% green energy plans. Allen residents interested in switching to renewable energy should check out Gexa 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 offers business electricity plans to Allen customers. Call to speak to an energy expert or fill out this form to start building a custom commercial energy plan for your business.
Allen electric rates in my area
There is a difference in charges for utility transmission throughout the state. You may pay a different rate than someone in another part of Texas, even for the same plan. This variation makes it important to get an accurate quote for your area. Enter your ZIP code to see a list of up-to-date rates from cheap electricity companies near you.