Compare Electricity rates in Plano

To say Plano, Texas is thriving is an understatement. The Dallas suburb is home to more than 286,000 residents and many prominent companies, including HP, Frito-Lay and JC Penney. Given the range of temperatures throughout the year, both residential and commercial energy customers require affordable electricity in Plano.

Recent deregulation of energy service has helped keep Plano energy rates low. The cost of electricity in Plano fluctuates seasonally, with summer and winter being the most expensive and spring and fall costing less.

Some reports indicate residential electricity use has soared since Texans have been under stay-at-home orders. Bills likely will soar as well. That means it could be a great time to shop for new energy plans with lower Plano electricity rates. Enter your ZIP code to see what’s available in your area. Remember, most Texans can switch electricity plans without a visit from a technician.

How has Texas energy deregulation affected Plano?

Here’s what the latest statistics from the U.S. Energy Information Administration show:

• Texas residential electricity rates are 10 percent lower than the national average.
• Texas commercial electricity rates are nearly 23 percent lower than the national average.
• Texas industrial electricity rates are nearly 16 percent lower than the national average.
• Texas generates the most electricity of any state from wind.
• Texas generates the fourth-highest amount of electricity from solar energy.

In 2002, legislation to deregulate the Texas energy market. So what is energy deregulation? The deregulated market gives consumers energy choice, opening the field to competition. Oncor Electric Delivery transmits electricity to Plano homes and businesses, while independent retail electricity providers buy power wholesale and resell it to residents and businesses.

Competition encourages lower prices and the creation of additional benefits, such as free electricity days, prepaid service, and electricity plans sourced by renewable energy. Plano energy deregulation means consumers can now choose from a number of options to find the energy supplier that fits their needs and budget.

With the Choose Energy marketplace, you can review and compare energy plans and rates at no cost! Simply enter your ZIP code above to get started.

Before deregulation, Plano energy customers dealt only with a utility, which generated, transmitted and sold the electricity, setting rates in conjunction with state agencies. That put the utilities in control of the entire energy market. Now, Oncor Electric Delivery still retains its role as a utility company and remains responsible for transmitting energy, as well as maintaining power lines and other necessary equipment.

With 10 million customers and more than 100 years of history, Oncor is a major utility company. Under Oncor, consumers can choose from a number of energy providers in Plano. Choose Energy works with trusted energy providers, such as TriEagle, TXU Energy and Bounce Energy, to help customers find the right plan at an affordable rate.

(Last updated 3/26/2020)