Texas’ deregulated energy market separates the provider of your energy and the utility company. The utility company maintains the lines in your area and deals with power outages. In Sherman, you’ll stick with Oncor to keep up with the power grid infrastructure.
Sherman electricity providers are varied, and you get to choose which one you prefer. They generate the power at their source power plants and sell it to you, working with your local Sherman utility to deliver it. Companies like 4Change, Gexa, Express, and Frontier all offer energy plans in Sherman at competitive electricity rates. Currently, the plan with the lowest per-kWh rate is offered by Express Energy, with a fixed-rate plan of $0.068 per kWh (for 1000 kWh a month).
Types of electricity plans in Sherman
The Choose Energy marketplace will show you more than one kind of plan. You can compare electric rates Sherman has available while factoring in the other elements of a plan, such as contract term. Here’s the types of plans you will see:
- Fixed-rate plans. Imagine you’re buying a chunk of energy, usually in units of 500 kWh. Your price is guaranteed for that block of energy. Fixed-rate plans are often a good deal, but be aware of what the costs are if you go above the contracted amount of kilowatt-hours.
- Variable-rate plans. Variable-rate plans can give you a nice intro offer with a very low rate per unit of electricity. However, if the price of electricity generation goes up, the company will raise prices. If you find that the prices are going up too much, you can switch plans because there is no contract.
- Prepaid/No-deposit plans. Energy providers are interested in providing everyone with electricity, but low credit scores can make them concerned that they won’t be paid for their service. Paying a deposit or using a prepaid plan can be the solution, where you basically “load up” your account with payment and spend it down through your energy usage. When you need to fill it up again, you just prepay again. Ask your provider if they have a no-deposit option with your particular credit score.
No matter which kind of plan works best for you, typing in your ZIP code is a great way to learn your options.
Sherman green energy
With valuable subsidies available federally and a growing need to diversify, energy companies all over Texas have been adding green energy, especially solar energy, to their portfolios. Choosing Sherman green energy plans can give you the comfort of knowing that your energy supply is diverse and less prone to shocks in the price of oil.
Sherman has access to the Gexa Energy, Green Mountain Energy, and Chariot Energy green energy plans. Gexa Energy’s competitive Gexa Saver Deluxe 12 plan, currently at 6.9 cents per kWh, is a 100% renewable energy plan. Enter your ZIP code and use the filter for “green energy” to see the best electricity rates Sherman, TX, has for green energy.
Sherman energy for business
Businesses also can work to reduce their operational expenses by shopping for deregulated Sherman business energy plans. Choose Energy offers customized plans for businesses both large and small.
Sherman electric rates in my area
Just because the best electric company in another part of Texas offers a given rate doesn’t mean that the same rate is available in Sherman. Market demand and utility transmission charges affect the rates available. Fortunately, you don’t have to sort out the differences for cheap electricity near you. Just enter your ZIP code and review the easy-to-understand options with up-to-date pricing.
Moving to Sherman?
Sherman’s notable history as a transportation hub north of Dallas means it is a valuable thoroughfare, with easy access to Fort Worth and a variety of the DFW-area suburbs. Sherman, TX, is an affordable place to live, and finding the best electric rates near you is one of the ways to keep the cost of living affordable in Sherman.
If you’ve never lived in a deregulated market before, choosing your energy provider in Sherman may feel like a learning curve. That’s why Choose Energy helps you sort through the marketplace options. You choose the plan that fits your energy needs here in Sherman, and you can come back and shop again if you realize you have different needs down the road. With rates as low as 6.8 cents per kilowatt-hour, you’re able to afford your electric bill here in Sherman. Enter your ZIP code and get started!