When you live in a deregulated part of Texas, it’s important to recognize the difference between utility companies and electricity providers. First, your utility is in charge of delivering electricity to your property, overseeing power infrastructure, and dealing with power outages. Utilities are assigned based on where you live, so you can’t pick yours. In McKinney, the utility company is Oncor Electric Delivery.
In contrast, your electricity provider generates power and sells it to you through a plan. Thanks to deregulation, you have a number of McKinney electricity providers to choose from, including companies like 4Change Energy, Cirro Energy, and TXU Energy. Currently on the Choose Energy marketplace, Frontier Utilities is offering the lowest McKinney electricity rates, starting at 5.7 cents per kilowatt-hour (¢/kWh).
Types of electricity plans in McKinney
If you’ve ever shopped for a new energy plan, you may have noticed that there are several different types of plans available. Here’s an overview of common plan types that you might come across.
- Fixed-rate plans. If you sign up for a fixed-rate plan, you’ll get the benefit of having a secure rate for the duration of your contract (generally 12+ months). It’s a great way to guarantee a more predictable energy bill, but you could face an early termination fee (ETF) if you cancel before your contract is up.
- Variable-rate plans. With a variable-rate plan, you won’t need to sign a contract with your provider since you’ll receive month-to-month service. However, this means that your rate isn’t fixed, which could mean that your energy bill fluctuates greatly from month to month during times of high demand.
- Prepaid and no-deposit plans. When you sign up for a new plan, you’ll need to pass a credit check. If you don’t pass a certain credit threshold, your provider might ask you to pay a deposit on your service. Can’t afford a deposit? Look for a no-deposit plan, such as a prepaid electricity plan, which allows you to pay for your energy usage in advance.
Enter your ZIP code above to find cheap plans and compare electric rates in McKinney today.
McKinney green energy
In recent years, Texans have started to embrace green energy as an alternative to traditional energy sources. There are many renewable energy projects operating across the state, which has resulted in Texas becoming the leading producer of wind energy in the US. It’s also among the top five states for solar power generation.
These days, every energy plan bought in Texas will include at least some renewable energy, with many plans containing 100 percent green energy. You can even find providers that exclusively sell green energy plans, such as Green Mountain Energy and Gexa Energy.
Right now, you can find a dozen different McKinney green energy plans on the Choose Energy marketplace. Many of these plans are powered by Texas solar power. Gexa Energy is offering the cheapest green energy rate at 5.8¢/kWh.
McKinney energy for business
Did you know that deregulation also applies to commercial energy rates? If you own a business in McKinney, Choose Energy can help you secure an affordable electricity rate for your company. Learn more by exploring our business energy page.
McKinney electric rates in my area
Texas is home to numerous utility companies, each of which has a defined service area and a different set of transmission charges. As a result, electricity rates across the state vary depending on your location. In other words, the same plan may cost a different amount in Dallas than it does in Houston.
For that reason, you should ensure that you’re viewing electricity rates that are accurate for your area. The best way to do that is with a comparison tool like Choose Energy. Submit your ZIP code at the top of the page to find up-to-date electricity rates near you.
Moving to McKinney?
Home to more than 182,000 people, McKinney is among the largest suburbs in the Dallas-Fort Worth Metroplex. It’s best known for its historic landmarks and outdoor recreation areas, both of which make it a popular destination for locals and visitors.
If you’re new to McKinney, it’s important that you understand your rights and responsibilities as a deregulated energy customer. Since you have the power to choose your provider, you can use the Choose Energy marketplace to find cheap electricity in McKinney and lock in a low electric rate. Currently, our marketplace has McKinney electricity rates as low as 5.7¢/kWh.