Compare McKinney Electricity Rates and Plans

Last Updated: April 10, 2025

McKinney electricity rates start as low as 11.4 cents per kilowatt-hour (kWh) but go well above 23.0 cents per kWh. Compare energy providers in McKinney to find the right plan for your home.

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Frank is an award-winning, nationally recognized energy industry expert, with a long and successful career in electricity and digital publishing. His has built industry-leading startups by developing first-to-market innovations combined with an obsession with quality and customer service. In 2011, he founded Electricity Club, which operates Home Energy Club and other energy platforms.
Nathan Schluter is a content manager based in Houston, Texas, who has written professionally for a decade. A native Texan, Nathan specializes in helping consumers make informed purchasing decisions on complicated topics such as deregulated energy and energy efficiency. He learned the ins and outs of the deregulated energy sector in Texas, working alongside experts in the field, such as Frank Eakin. When he isn’t working, Nathan enjoys writing fiction, playing music, and exploring with his dog, Freya.

Finding the best electricity provider in McKinney doesn’t have to be complicated. With various options in this vibrant north Texas city, you can compare rates and plans to select the option that best fits your needs.

Today’s McKinney Electricity Rates and Plans

Based on our research, the best electricity plans in McKinney combine competitive Texas electricity rates with predictable monthly energy costs. Due to confusing plan structures, many McKinney residents find themselves paying unpredictable energy bills, with cheap rates in one month and exorbitant costs in the next.

Be wary of electricity plans advertising very low rates — they often use bill credits that can lead to unpredictable costs. Our 2025 survey found that 50% of McKinney respondents didn’t know energy providers use bill credits and rebates to show a lower rate than the one they will actually pay if they don’t qualify for the credit.

Check out the best electricity rates in the table below for predictable monthly energy costs and competitive prices.

Provider

Plan

Rate/kWh

% Renewable

Frontier Utilities

Frontier Budget Saver 12

16¢

30%

4Change Energy

One Rate 12

16.7¢

9%

Veteran Energy

Secure 12

16.3¢

7%

Tri-Eagle Energy

Simple Savings 12

16.2¢

9%

4Change Energy

Cash Money 12

15.9¢

100%

TXU Energy

Simple Rate 12

18.6¢

9%

Payless Power

12 Month - Prepaid

20.1¢

26%

Frontier Utilities

Saver Premier 12

20.4¢

30%

Gexa Energy

Gexa Eco Saver Lite 12

21.1¢

100%

Gexa Energy

Gexa Eco Saver Advantage 12

21.1¢

9%

Rates in the above table are updated daily. Electricity rates for Oncor service areas are pulled for the zip code 75001. Monthly bill estimates are for 1,000 kWh usage.

Cheapest Electricity Rates in McKinney

Check out the lowest McKinney electricity rates below. Before signing up for one of these ultra-low-rate plans, note that cheap energy rates typically come from bill credit plans, which offer a usage-based discount. While you may save when your usage qualifies you for the discount, your rate can more than double in months when you don’t earn the discount.

While these plans can offer low rates at specific usage levels, they may result in higher bills if your usage falls outside the qualifying range, which is common due to seasonal variations in North Texas.

If you’re looking for cheap electricity in McKinney, it’s important to understand how these plans work before choosing an energy supplier.

Provider

Plan

Rate/kWh

% Renewable

Frontier Utilities

Frontier Saver Plus 12

11.3¢

30%

Frontier Utilities

Frontier Saver Plus 12

11.3¢

30%

Gexa Energy

Gexa Eco Saver Plus 12

11.4¢

100%

Gexa Energy

Gexa Eco Saver Plus 24

11.7¢

100%

Discount Power

Bill Credit Bundle 12

11.7¢

24%

Discount Power

Bill Credit Bundle 24

11.7¢

24%

Cirro Energy

Simple Bill Credit 12

11.7¢

24%

Cirro Energy

Simple Bill Credit 24

11.7¢

24%

Express Energy

Flash 12

11.6¢

0%

Express Energy

Flash 24

11.7¢

0%

Rates in the above table are updated daily. Electricity rates for Oncor service areas are pulled for the zip code 75001. Monthly bill estimates are for 1,000 kWh usage.

Average Residential Rates in McKinney

According to our data, McKinney electricity rates average around 14.2 cents per kWh at the 1,000 kWh usage level as of April 10, 2025. The range of available rates typically falls between 11.4 and 23.0 cents per kWh, providing residents with various options depending on their preferences and needs.

The average electricity rate in McKinney is slightly below the Texas state average, which is 14.68 cents per kWh, according to the U.S. Energy Information Administration. This lower-than-average rate makes McKinney an area with relatively competitive electricity pricing compared to other parts of the state.

What Is a Good Energy Rate in McKinney?

A good electricity rate in McKinney is generally one or two cents of the 14.2 cents per kWh average from a plan with no hidden fees or gimmicky bill credits that can make your final bill unpredictable. The definition of a “good rate” can vary based on plan type, with green energy plans typically costing slightly more than standard plans.

Several factors, including seasonal weather patterns, natural gas prices and ongoing recovery from Winter Storm Uri’s impact on Texas grid infrastructure, directly affect energy rates in McKinney. 

According to the Energy Information Administration, natural gas remains the primary fuel for electricity generation in Texas, accounting for about 42% of in-state electricity generation. Relying on natural gas for nearly half of all electricity makes McKinney — and wider Texas — energy rates particularly sensitive to fluctuations in global natural gas markets.

Electricity Companies in McKinney

McKinney residents can access over 70 retail electricity providers offering hundreds of plans. According to the Public Utility Commission of Texas, 142 electricity companies operate throughout the state, giving McKinney residents numerous options for their electricity needs.

Our 2025 energy survey indicates that TXU Energy, Reliant Energy, and Gexa Energy are the most popular providers among McKinney residents. TXU Energy maintains the largest market share in the North Texas region.

Top Energy Providers in McKinney

According to our ratings, Green Mountain Energy, Reliant Energy, and TriEagle Energy are the top Texas electricity companies in McKinney. These providers consistently receive high marks for customer satisfaction, plan variety, and bill predictability.

We’ve found that the cheapest plan options in McKinney typically come from providers like Gexa Energy and Frontier Utilities, which often offer competitive rates for budget-conscious consumers. Some providers specialize in specific plan types, such as Payless Power for prepaid plans and Green Mountain Energy for renewable energy options.

Retail Energy Provider

Our Rating

Customer Satisfaction Score

BBB Rating

TXU Energy

4.9

4.7

A+

Green Mountain Energy

4.9

5

A+

Reliant Energy

4.9

4.8

NR

TriEagle Energy

4.8

4.6

A+

Express Energy

4.8

5

A+

4Change Energy

4.7

4.8

A+

Discount Power

4.7

4.5

NR

Gexa Energy

4.6

4.2

C

Direct Energy

4.6

4.5

NR

Frontier Utilities

4.5

4

NR

Which Utility Company Serves McKinney?

Oncor Electric Delivery serves as the utility company for McKinney and the surrounding areas of North Texas. As the transmission and distribution utility (TDU), Oncor manages the local power grid, which includes maintaining power lines, reading meters and responding to power outages.

While McKinney residents can choose their retail electricity provider (REP), they cannot select their utility company, as Oncor is the designated TDU for the area. The delivery fees charged by Oncor are included in all electricity plans offered in McKinney and appear as TDU charges on your monthly bill.

Contact Oncor in the event of an outage in your area. Your light company sells you electricity, but it can’t restore power during a blackout.

How To Choose an Electricity Plan in McKinney

Selecting the right electricity plan in McKinney involves more than just looking at the advertised rate. Many residents consider switching providers when moving to a new home, experiencing poor customer service or seeking to lower their monthly bills.

Here are five key tips to help you choose the best electricity plan in McKinney:

  • Compare fixed-rate vs. variable-rate plans: Fixed-rate plans provide price stability with consistent rates throughout your contract term, while variable-rate plans may offer lower initial rates but fluctuate monthly based on market conditions.
  • Understand your usage patterns: Review your historical electricity consumption to determine if you would benefit from usage-based discounts, such as bill credits or time-of-use plans. We generally don’t recommend these plan types, but your usage determines if you’d benefit from one of these discount plans or if a standard plan would provide better overall value for your lifestyle.
  • Check for hidden fees in the EFL: Always read the Electricity Facts Label carefully to identify potential charges beyond the advertised rate, including minimum usage fees that could significantly impact your total monthly cost.
  • Consider contract length and early termination fees: Shorter contracts offer flexibility to switch providers sooner and may even have lower rates — this is particularly true of three, six and nine-month plans. However, you may have to sign up again when rates have risen; check the contract end date before selecting a short-term plan. In comparison, longer contracts — 12, 24 and 36-month terms — typically offer competitive rates but incur high cancellation penalties if you switch before the term ends.
  • Look into renewable energy options: Many McKinney providers offer partial or 100% renewable energy plans that allow you to reduce your environmental impact while supporting the growth of clean energy in Texas.

Plan Types Available in McKinney

McKinney residents have access to various types of energy plans to meet different needs and preferences.

  • Fixed-rate plan: Lock in your electricity rate for your contract term, providing price stability regardless of market fluctuations.
  • Variable-rate plans: These plans adjust your electricity rate monthly based on market conditions, potentially offering savings when energy prices drop but risking higher bills when they rise. We don’t recommend this plan type.
  • Bill credit plans: Bill credits reward customers with statement credits when their electricity usage reaches specified thresholds during the billing cycle. If you fail to meet the threshold, your effective energy rate can increase by double or more.
  • Time-of-use plans: Time-of-use plans offer discounted — or even free —  electricity rates during off-peak hours. However, these plans typically charge exorbitantly high rates during peak demand periods, reducing your total potential for savings.
  • Green energy plans: Renewable energy plans source electricity from renewable resources like wind, solar or hydroelectric power, allowing environmentally conscious consumers to reduce their carbon footprint.
  • No-deposit electricity: These plans waive the typical security deposit requirement and don’t include a credit check. Also called a prepaid plan, this option may suit customers who don’t have the strongest credit or want to avoid a large upfront deposit. Unless you have excellent credit, most Texans should expect to pay some sort of deposit.

What To Know About Electricity in McKinney

When shopping for electricity in McKinney, consider a few important factors. Start by ignoring the advertised rate and looking instead to the EFL.

Understanding the Electricity Facts Label

The electricity facts label (EFL) is an essential document that outlines the specific terms of your electricity plan. It includes details about the energy charge, base charge, and utility delivery fees, as well as the average rate at different usage levels. Some plans may include a minimum usage fee, a daily usage fee or a discount rate structure, such as a bill credit or a time-of-use, all of which you’ll find in the EFL.

Before selecting a plan, carefully review the EFL to understand all associated costs and determine whether it aligns with your typical usage patterns. The EFL also lists any early termination fees that may apply if you cancel your contract early.

Watch Out for Termination Penalties

Early termination fees (ETFs) can range from $150 to $395, depending on the provider and plan. Some companies charge a flat fee regardless of the time left in your contract, while others calculate the fee based on the number of months remaining.

Always check the EFL for the specific termination fee associated with your plan before signing up. If you anticipate a potential move or other circumstances that might require cancellation, consider plans with lower termination fees or shorter contract terms.

Avoid Plans with Complex Billing Structures

Free nights electricity companies sound attractive but often have significantly higher rates during standard hours. These time-of-use plans require careful management of your electricity usage to achieve meaningful savings.

Unless you can shift a substantial portion of your electricity consumption to the free periods, these plans may result in higher overall bills than straightforward fixed-rate options. We generally recommend simpler plans with consistent pricing for most McKinney residents.

Green Energy Availability

McKinney residents have numerous options for renewable energy plans, reflecting North Texas’s growing commitment to sustainability. Green Mountain Energy, Rhythm Energy, Gexa Energy and other providers offer 100% renewable plans sourced primarily from Texas wind farms.

The city of McKinney has also demonstrated a commitment to environmental sustainability, with initiatives to reduce energy consumption in municipal buildings and encourage residents to adopt renewable energy. Choosing a green energy plan allows you to support these efforts while potentially qualifying for energy efficiency incentives.

Switching Providers or Moving to McKinney

Switching electricity providers in McKinney is a straightforward process that typically doesn’t result in any interruption of service. After selecting a new plan and provider, you’ll need to complete an enrollment form, and your new provider will handle the switching process.

The best time for McKinney residents to shop for a new electricity plan is typically during the spring (March to May) or fall (September to November), when moderate temperatures lead to lower demand and often more competitive rates. Avoid shopping during the peak summer months when rates tend to be higher due to increased cooling demands.

If you plan to move to McKinney, you should start researching electricity providers about 30 days before your move-in date. This timeline should give you sufficient time to compare options and set up service to begin on your move-in day, ensuring you have power when you arrive at your new home.

Frequently Asked Questions About McKinney Electricity Rates

How do I set up electricity in McKinney?

Setting up an electricity service in McKinney is simple. First, compare energy plans for your ZIP code. Once you select a retail electricity provider and plan that meets your usage needs, the sign-up process is easy. Provide your service address, start date and personal information for account setup. Most providers can process your request within one to three business days, and many offer same-day connections if you submit your request early in the day.

Which provider doesn’t require a deposit in McKinney?

Several providers offer no-deposit electricity plans in McKinney, with Payless Power being one of the most prominent. It offers prepaid electricity options that allow you to pay as you go without a credit check or deposit. It’s our top-recommended no-deposit option because it offers fixed rates, while other prepaid light companies charge variable rates. Other providers may waive deposit requirements based on your credit score or payment history, so it’s worth asking about no-deposit options when shopping for plans.

Is TXU Energy a good choice in McKinney?

TXU Energy is one of the largest and most established electricity providers serving McKinney. The company offers a wide range of plans, including fixed-rate, renewable and time-of-use plans. According to our customer satisfaction surveys, TXU Energy receives above-average customer service and reliability ratings, making it a solid choice for many McKinney residents. However, TXU has a high price tag compared to its top competitors. If you value name brand stability and quality customer service, you may find it worth paying slightly higher rates in McKinney.

How do I find a cheap electricity provider in McKinney?

To find the cheapest electricity provider in McKinney, compare rates from multiple companies using comparison tools or by reviewing the electricity facts labels (EFLs) for each plan. Look at the average price per kWh at your typical usage level, not just the advertised rate. Consider factors like contract length, fees and whether the plan includes bill credits that may affect your actual costs depending on your usage patterns. The cheapest advertised rate may not be the best real-world price for your home’s energy usage.

How We Rate and Review Texas Electricity Companies

With dozens of providers and hundreds of plans available in the deregulated Texas market, choosing the right one can feel overwhelming. We created a comprehensive rating methodology to help you cut through the complexity and find the best electricity plan for your needs, whether you’re moving to Texas or looking to switch providers.

We’ve researched dozens of Texas electricity providers and scored them out of 5 stars based on results from our 2025 energy survey of 1,600 Texans, scoring providers on customer satisfaction, experience and retention. Here’s how these core factors weighed into our ratings:

  • Customer satisfaction (30%)
  • Customer retention (30%)
  • Online experience (20%)
  • Customer experience (20%)