How has deregulation affected McKinney?
Here’s what the latest statistics from the U.S. Energy Information Administration show:
- Texas residential electricity rates are nearly 9.5 percent lower than the national average.
- Texas commercial electricity rates are nearly 26 percent lower than the national average.
- Texas industrial electricity rates are nearly 23 percent lower than the national average.
- Texas generates the most electricity of any state from wind.
- Texas generates the fifth-highest amount of electricity from solar energy.
McKinney’s relationship with energy utility companies first shifted in 2002, when the state legislature passed a bill to deregulate a majority of the energy industry. Where utilities once had a monopoly over their area of the state, now a host of providers could compete for customers and offer plans in all shapes and sizes. Thanks to energy deregulation, McKinney residents now have more options for their energy supply.
McKinney utility companies & energy providers
The utility company for McKinney is Oncor Electric Delivery. Oncor maintains all the energy infrastructure in the city, so this is who you call if you’re experiencing a power outage. Oncor is also the company that delivers energy to your home. However, since the market was deregulated Oncor no longer sells electricity to customers.
Instead, McKinney residents buy energy through one of the area’s many providers and the provider coordinates its delivery with Oncor. Choose Energy has partnered with some of the best providers in the area, including Reliant Energy, 4Change Energy and TriEagle Energy. Enter your ZIP code above to see all the providers in your area.
McKinney renewable energy
Nestled in the Lone Star State, McKinney is no stranger to renewable energy. Already, Texas is the national leader for wind energy production. The state is also ramping up its solar production, currently ranking fifth in the country.
McKinney residents even have the option to source their home’s energy from renewables. Amigo Energy and Green Mountain Energy are a couple of the city’s green energy suppliers that Choose Energy has partnered with to offer environmentally-conscious options.
(Last updated 8/14/2019)