Compare the Best Sherman Electricity Rates, Plans, and Companies

• Currently, the average Sherman electricity rate is 13.63 cents per kWh, according to Choose Energy’s marketplace data. This rate is 10.5% lower than the Texas average and 22% lower than the U.S. average.
• The average Texas residential electricity rate is 15.23 cents per kWh, based on the latest data from the Energy Information Administration (EIA). Texas energy rates are about 13% lower than the average U.S. energy rate (17.47 cents per kWh).
• The average commercial Texas energy rate is 8.6 cents per kWh, which is 37% lower than the national average commercial rate of 13.63 cents per kWh.

The energy market in Sherman is deregulated, meaning you have the power to choose from the best electric providers, electricity rates, and plans in your area. In deregulated markets, electricity providers compete to earn your business through more affordable options, better plan choices, and usage-based incentives to reduce energy costs. You can use the free Choose Energy marketplace to explore Sherman electricity rates and plans. Enter your ZIP code to begin.

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

You can choose from a variety of top-tier electricity providers in Sherman. Some of the most popular energy companies featured on the Choose Energy marketplace include:

• APG&E: Offers cheap Sherman electricity rates and straightforward plans.
• 4Change Energy: Top-scoring energy provider with a variety of plan options.
• Gexa Energy: Specializes in 100% green energy plans with affordable rates.
• TXU Energy: Offers fixed-rate and variable-rate plans for different households.
• Express Energy: Consistently affordable electricity plans with usage credits.

While you can choose your energy provider in Sherman, your utility company is assigned by location. Utilities deliver electricity to homes and businesses, maintain grid infrastructure, and respond to power outages. In Sherman, the utility company is Oncor Electric Delivery. If you experience a power outage in Sherman, contact Oncor using these methods:

• Report online: Outage Reporting System
• Call: (888) 313-4747
• Text: “OUT” to 66267

Your typical usage:
Energy providers set rates based on how much electricity your household uses in a billing period. The three usage tiers are 500 kWh, 1,000 kWh, and 2,000 kWh. Check previous energy bills to estimate how much power you typically use. This information will help you find a plan with an affordable energy rate for your usage tier.

Plan type:
The most common types of energy plans are fixed-rate and variable-rate. Fixed-rate plans offer a stable price per kWh for the duration of your contract. However, your provider will charge an early termination fee (ETF) if you cancel your plan before the contract ends. On the other hand, variable-rate plans don’t require a contract or charge ETFs, but your rate will change based on the wholesale cost of electricity.

Plan length:
Contracts typically last between one and three years. Some providers offer month-to-month plans or shorter fixed-rate options. Consider the best plan length for your circumstances before signing up.

Same-day energy deadlines:
Most electricity providers offer same-day connections for homes with smart meters. But keep in mind there is often a specific time you’ll need to activate your new plan in order to receive same-day service.

Renewable energy plans:
Some providers offer plans where they purchase renewable energy certificates to account for your usage. This allows you to offset your carbon footprint and positively contribute to the environment. Enter your ZIP code and filter for green energy, or consider options from Gexa Energy or Green Mountain Energy if you’d like to find a 100% green energy plan.

Electricity Facts Label (EFL):
Each plan comes with a unique EFL. This document provides important details about the plan’s rates, contract length, and any additional fees to be aware of.

Connect with a business energy agent

Companies also have the right to shop for the cheapest electricity providers in Sherman. Fill out our business energy form or call the number on your screen to connect with one of our business energy experts. We’ll help you build a custom commercial electric plan based on your company’s needs.

Comparing electricity rates can be confusing if you have to jump between provider pages to compare energy prices. But with the Choose Energy marketplace, you can quickly compare Sherman electricity providers and rates in one place.

• Enter your ZIP code to compare accurate electric rates available in Sherman.
• Sign up for an energy plan online or by calling the phone number on your screen after you have found the best option for your budget.
• Enjoy affordable electricity rates on your next power bill. Your new energy provider will take care of the switch without interrupting your service.

If you’re moving to the Sherman area, you should alert your current provider of your plans beforehand to confirm if you can bring your current plan with you. If Sherman is outside your provider’s service area, you’ll need to choose a new provider (you won’t need to pay an ETF due to a move). You can then use our marketplace to find a new electric company in Sherman by entering your new ZIP code and filtering your results for your energy needs.

Which Sherman electric providers have the best ratings?

On our marketplace, you can find plans from top-rated providers like 4Change Energy, Express Energy, Veteran Energy, Gexa Energy, and TXU Energy. We vet and review each provider featured on our site to ensure your access to dependable service and affordable rates.

How do I find the best electricity plan in Sherman?

The best plan options depend on your electricity usage, how long you plan to live in your home, and other preferences like green energy or bill credits. Enter your ZIP code to compare Sherman electricity rates, use the available filters to narrow your options, and find a plan that fits your needs and budget.

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

If your fixed-rate contract is ending soon, you should start monitoring prices on the Choose Energy marketplace. Electricity rates tend to increase during times of high demand (summer and winter), so you may want to keep this in mind when shopping for a low-cost energy plan.

How can I reduce my Sherman utility bill?

One way to lower your electricity bill is to reduce your energy usage. You can turn down your heating and cooling system when possible, switch to LED bulbs, and use energy-saving appliances. Finding cheap electricity companies in Texas can help you find a lower rate and potentially reduce your light bills. Keep in mind that if you’re ending your contract early, you may have to pay an ETF.