Compare the Best Plano Electricity Rates, Plans, and Companies

• The average Plano electricity rate on our marketplace for 1,000 kilowatt-hours (kWh) is 15.27 cents. This rate is 2.55% higher than the Texas average and 7.1% lower than the national average.
• The average residential electricity rate in Texas is 14.89 cents per kWh, according to the newest data from the Energy Information Administration (EIA). That’s about 8% less than the national average of 16.44 cents per kWh.
• The average electricity bill in Plano is $171 per month.
• According to EIA data, the average commercial electricity rate in the Lone Star State is 8.64 cents per kWh — which is about 33% lower than the national average rate (13.09 cents per kWh).

Plano is part of Texas’ deregulated energy market. If you live here, you have the option to pick your electricity plan and provider — known as the power to choose. To explore available plans and providers in your area, enter your ZIP code on this page.

ChooseEnergy.com is not affiliated with Power to Choose, powertochoose.org, or the PUCT.

Thanks to deregulation, you can browse energy rates from many different Plano electricity providers. Here are today’s most affordable electricity companies in the city on our marketplace:

• Frontier Utilities: Offers various fixed-rate plans with bill credit incentives.
• Gexa Energy: Known for its 100% renewable plans and affordable rates.
• Discount Power: Sells affordable electricity rates and plans with competitive bill credits.
• Cirro Energy: Provides a variety of cheap fixed-rate plans with bill credits for various usage levels.
• 4Change Energy: Known for its cheap Plano electricity rates and charitable donations.

While you can choose your electricity provider from an array of options, your electricity will be delivered to your home by the local utility company. Unlike power companies, utilities are designated by location. You don’t get the option to choose your own. Plano’s local utility is Oncor Electric Delivery.

When exploring electricity plans in Plano, you might encounter unfamiliar deregulated energy terms. To help you shop with confidence, we’ve defined the most important concepts. To learn more about a specific topic, you can call our energy experts via the number on your screen. They can serve as a guide to the deregulated market and help you find the best energy options in your area.

• Fixed vs. variable rates: If you sign up for a plan with a fixed rate, your electricity rate will remain consistent for your entire contract period. With a variable-rate plan, the rate is tied to the electricity market and can fluctuate from month to month.
• Plan length: Fixed-rate plans come in multiple term lengths. Some of the most popular include 12, 24, and 36 months. If you cancel one of these plans while the contract is still active, you’ll usually receive an early termination fee (ETF). Variable-rate plans don’t have contracts — you can switch providers or plans whenever you’d like (with no penalty fee).
• Same-day energy deadlines: If you need power quickly, many energy companies in Plano offer same-day service connections (only if you have a smart meter). Typically, you’ll need to contact the provider by a certain time to activate your plan on the same day. Want to learn more about same-day electricity? Call our experts at the number on your screen.
• Renewable energy options: Texas is the country’s top producer of wind power and a leading producer of solar power. As a result, you can find many green electricity plans in Plano. The providers of these plans typically buy renewable energy credits (RECs) to offset your electricity consumption.
• Electricity Facts Label (EFL): Every Texas electricity plan comes with an EFL. This document highlights the most important plan details, including the rate, term length, early termination fees, and other costs.
• Your usage needs: Many energy plans are divided into three usage tiers, with a different rate for each tier. In other words, if you use 500–999 kWh, you’ll pay a set rate, but if you use 1,000–1,999 kWh, you might pay a different price. For that reason, it’s useful to know your typical monthly energy usage before buying a new plan.

Connect with a business energy agent

Business owners can also shop for cheap electricity in Plano — and Choose Energy can help. Share your information through our business energy form to start building a customized plan for your company. Our business electricity experts can help you find the best fit for your company and are an ongoing source of assistance for commercial customers.

Electricity prices vary across Texas, primarily due to differing utility transmission charges and taxes throughout the state. Find accurate rates for your area using your area code when shopping for plans. Here’s how to shop correctly on the Choose Energy’s marketplace:

• Enter your ZIP code: Our marketplace will display a list of up-to-date Plano electricity rates. You can filter the results to discover plans that meet your preferences.
• Sign up for a plan: Once you’ve found a good fit, you can complete the sign-up process online in just a few minutes. Need help? Call the number on this page to chat with one of our energy experts.
• Rest easy: After signing up, your new electricity company will take over the process. You’re free to sit back and enjoy your new plan (with no interruption to your current service) as your provider coordinates power delivery with the local utility.

If you’re relocating to Plano, it’s a good idea to set up your new energy plan before your move-in date. You can do this by contacting your current provider and asking if they serve your new address in Plano. If not, enter your ZIP code on Choose Energy to compare electric rates in Plano.

Who has the cheapest electricity rates in Plano?

The cheapest rates on our marketplace are currently available from Gexa Energy, Discount Power, Cirro Energy, and Frontier Utilities. It’s normal for prices to change over time, so checking our marketplace for the latest rates is your best bet.

What is the best provider in Plano?

The best provider in Plano (or anywhere city) depends on your personal circumstances. If you’re committed to going green, your ideal provider would be a fully green company like Gexa Energy. But if you’re trying to avoid a credit check, you’d be better off with a provider like Payless Power, which sells no-deposit, prepaid energy plans.

When is the best time to shop for a Plano energy plan?

If you want the cheapest Plano electricity rates, we recommend shopping when demand is low (because that’s when prices tend to drop, too). In Texas, energy demand is at its peak during summer when people rely heavily on their HVAC systems. You may find a better deal on your electricity plan if you shop during spring or autumn.

How can I lower my electricity bill?

Choose Energy’s guide to reducing your electricity bill includes tips and tricks for cutting your energy costs. These strategies include maintaining your HVAC system, using smart power strips with timers, and buying LED light bulbs. In addition to adopting those energy-saving habits, you could also try signing up for a cheaper electricity rate on our marketplace.