Because of deregulated energy, you have the power to choose your energy provider in Plano, Texas. Whether you’re a homeowner or a business owner, you can shop around until you find the light company with the ideal energy plan and electricity rates for your needs.
The average price of electricity in Texas is 15.61 cents per kilowatt-hour (kWh), according to October 2024 data from the U.S. Energy Information Administration (EIA). Because Plano is in the Oncor service area, its rates tend to be slightly cheaper than the statewide average. By comparing energy companies and electricity rates here on Home Energy Club, you may be able to secure lower rates to save on your monthly energy costs. Energy prices change frequently based on Texas’ energy market, so it’s critical to compare Texas electricity rates regularly.
Best Plano Electricity Rates
When shopping for the best energy plan in Plano, you should balance out your desire for cheap rates with your need for predictable monthly energy costs.
While bill credit plans advertise the cheapest energy rates, they often cause bill surprises. This plan type promises an account credit when your usage meets a required kilowatt-hour level. Whether it’s using a minimum of 1,000 kWh or staying below a maximum of 2,000 kWh, you’ll only secure the credit if your usage meets the kilowatt-hour requirement every month. If your usage strays outside of the required kilowatt-hour window, you won’t get the bill credit that month. When you don’t qualify for the bill credit, your rates can skyrocket, which causes unpredictable monthly energy costs.
On the other hand, straightforward energy plans with no gimmicks tend to offer the best electricity rates in Plano for predictable monthly energy bills. Review all of the plan details to fully understand the plan and total costs before signing up for the lowest advertised rate. Sometimes, plans with the cheapest electricity rates have additional fees or confusing rate structures that can make your energy bills hard to budget for.
Provider | Plan Name | Est. Monthly Bill | Rate (¢/kWh) | % Renewable |
|---|---|---|---|---|
Frontier Utilities | Frontier Budget Saver 12 | $158 | 15.8 | 30% |
Tri-Eagle Energy | Simple Savings 12 | $148 | 14.8 | 9% |
Rhythm Energy | Simply Select 12 | $159 | 15.9 | 100% |
4Change Energy | One Rate 12 | $157 | 15.7 | 9% |
Veteran Energy | Secure 12 | $157 | 15.7 | 7% |
Gexa Energy | Gexa Light Saver 12 | $166 | 16.6 | 100% |
Frontier Utilities | Platinum 12+ | $176 | 17.6 | 30% |
TXU Energy | Simple Rate 12 | $182 | 18.2 | 9% |
Payless Power | 12 Month - Prepaid | $192 | 19.2 | 26% |
Gexa Energy | Gexa Eco Saver Advantage 12 | $202 | 20.2 | 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 Plano
If you’re set on securing the cheapest advertised energy rate in Plano, you can consider the energy plans below. Offerings from some of the top light companies in the Plano area, these plans offer low rates backed by quality customer service. However, many of these plans rely on bill credits. Check your home’s average usage and make sure it aligns with the bill credit requirements before signing up for a bill credit energy plan.
Provider | Plan Name | Est. Monthly Bill | Rate (¢/kWh) | % Renewable |
|---|---|---|---|---|
Express Energy | Flash 12 | $104 | 10.4 | 0% |
Express Energy | Flash 24 | $104 | 10.4 | 0% |
4Change Energy | Maxx Saver Select 24 | $104 | 10.4 | 0.09% |
4Change Energy | Maxx Saver Select 12 | $104 | 10.4 | 0.09% |
Frontier Utilities | Frontier Saver Plus 12 Plan | $105 | 10.5 | 30% |
Gexa Energy | Gexa Eco Saver Plus 12 Plan | $105 | 10.5 | 100% |
Frontier Utilities | Frontier Saver Plus 24 Plan | $112 | 11.2 | 30% |
Gexa Energy | Gexa Eco Saver Plus 24 Plan | $112 | 11.2 | 100% |
Veteran Energy | Valor 12 | $128 | 12.8 | 0.07% |
Veteran | Valor 24 | $133 | 13.3 | 0.07% |
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.
How To Choose an Energy Plan in Plano
When choosing an energy plan in Plano, we recommend considering more than just the lowest rate. Start with your average monthly usage and then account for your energy priorities. For example, do you want green energy? How long should your contract be? Other factors to consider include plan length and customer service quality.
Regularly comparing electricity rates in Plano can help you save money on energy, even if you’re happy with your current provider. Before signing a new agreement, check your EFL for any cancellation fees. Then, follow the steps below.
Step 1: Identify Your Electricity Usage Needs
Review past electric bills or check Smart Meter Texas to determine how many kilowatt-hours your home typically uses on a monthly basis. Assessing your average monthly usage over a full year can help you understand how consumption varies based on seasonal weather changes. You can use this information to compare energy plans based on what works for your home.
Step 2: Review Plan Details and Rates
Plans vary by location, so it’s best to enter your ZIP code to review what’s available in your area. When reviewing plan details, notice the rate type, contract length and other specifics on the electricity facts label (EFL). Popular plan types include fixed-rate plans, variable-rate plans and green energy plans. You may also consider no-deposit (prepaid) plans that don’t require a credit check.
Fixed rates provide more stable electricity prices and are often a good fit for Planoites. Contract lengths range from 12 to 36 months, while some providers also offer month-to-month terms. Signing up for a long-term plan provides more stability than a month-to-month option.
Step 3: Switch To your New Provider
Switching energy companies is easy. Once you’ve found the right light company and plan for your needs, we can help you sign up online or over the phone in just a few minutes. Your new energy company will ensure a seamless transition with no power interruption. Just be sure to check your current plan’s contract to determine if you’ll owe a cancellation fee before terminating your plan.
The Best Electricity Companies in Plano
Based on our ratings, the best Plano electric companies are Reliant Energy, Green Mountain Energy and TriEagle Energy. We score providers based on customer satisfaction, cost, bill predictability and plan features.
On average, the cheapest energy providers in Plano are Gexa Energy, Frontier Utilities and 4Change Energy. However, we rated Green Mountain Energy, TriEagle Energy and Rhythm Energy more favorably for bill predictability.
Find many of the best Plano energy providers in the following table.
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 |
Reliant Energy
Reliant Energy ranks high on our list of energy providers in Plano for its solid reputation and plan variety. With a rating of 4.7 out of 5 stars and several unique offerings, you can find a Reliant Energy plan tailored to your needs.
While Reliant offers plan options with bill credits or free usage periods, the Secure Advantage plan is our recommendation for a simple and no-frills option. You can lock in your rate for 12 or 24 months and avoid usage fees when you use at least 800 kWh a month.
Green Mountain Energy
Green Mountain Energy earns a 4.7 out of 5 stars in our review methodology. The provider offers quality customer service and a variety of renewable energy plans. Though it doesn’t advertise the cheapest rates in Plano, its plans use 100% clean energy.
We suggest the Pollution Free e-Plus 12 or 24. Both plans use 100% wind energy, but you’ll get a slightly lower rate with the 24-month plan.
TriEagle Energy
TriEagle Energy earns a 4.7 out of 5 stars for its competitive rates, predictable monthly energy costs and extensive business history in Texas. For a steady rate, the Simple Savings plan provides a consistent price across all energy usage levels with 12, 24 or 36-month contracts.
If you like the idea of bill credits that won’t make or break your monthly bill, the Sure Saver plan gives you a $30 credit when you use at least 1,000 kWh per month. A bill credit of this dollar amount is less likely to lead to bill surprises than other bill credit options.
What To Know When Moving To Plano
If you’re new to the City of Excellence, understanding the deregulated electricity market can help you find the best energy plan for your needs. Your first step should be to read the EFL.
Electricity Facts Label
A plan’s electricity facts label (EFL) includes and standardizes important plan details for easy comparison of providers. It will list your rate, TDU charges and specific benefits of your plan. The EFL will also show you the average energy costs at the following usage levels: 500, 1,000 and 2,000 kWh. Before signing up for a new plan, compare details on the EFL to know exactly what you’re paying for.
The EFL will also detail a fixed-rate plan’s early termination fee (ETF). ETFs usually cost $150 to $395, although some providers simply charge $20 per month remaining on your contract. Be sure to check for an ETF before canceling a fixed-rate energy plan.
Variable Rates vs. Fixed Rates
The two most common rate types are variable and fixed-rate electricity plans. Variable rates change each month based on energy market conditions. This plan type is inherently unpredictable due to how volatile the deregulated energy market is. We typically don’t recommend variable-rate plans for most Texans, as this plan type can cause serious bill surprises. Fixed-rate plans provide you with a locked-in rate per kilowatt-hour for the entire length of your contract. Fixed-rate plans usually last six, 12, 24 or 36 months. We recommend no-gimmick fixed-rate plans for predictable monthly energy costs.
Renewable Energy Plans
You can reduce your carbon footprint with a green energy plan powered by solar, wind or hydropower. Some Plano energy providers offer 100% renewable energy options, while others have a smaller percentage. The exact amount is listed on your EFL. Some popular green energy companies include Green Mountain Energy, Rhythm Energy and Gexa Energy. Because renewable energy plans have become so popular, many are as affordable as, if not as cheap as, traditional energy.
How Deregulated Energy Works in Plano
Texas deregulated its energy market in 2002 for many cities in the state, including Plano. Instead of local utilities monopolizing energy sales, retail energy providers (REPs) compete to offer the best rates and services. Deregulation gives you more power and control over your energy decisions.
In a deregulated electricity market, electricity companies buy energy from generators in wholesale auctions managed by the PUCT and the Electric Reliability Council of Texas (ERCOT). Energy service providers then sell that power to you. You’ll work mostly with your retail electric provider, but your local utility company delivers electricity. The utility company manages the local grid and repairs power outages.
Why Electricity Rates Fluctuate in Plano
Electricity rates in Plano vary constantly because deregulation opened the energy sector to the whims of the free market. When demand is high and supply is low, rates typically increase. When demand dips, prices follow.
For example, rates are more expensive during hot summers in Plano because of increased air conditioner use. While Planoites are trying to keep indoor temperatures comfortable, the increased use of air conditioning units puts more strain on the electric grid, raising prices.
Texas also sources a large amount of its grid electricity from natural gas. If the global cost of fossil fuels increases, your electricity rates in Plano can also increase.
When To Buy Electricity in Plano
Shop for electricity during spring and fall because mild temperatures have historically caused electricity rates to dip. By signing up for an energy plan during a mild season, you’ll likely renew in the same season and can lock in another low rate compared to summer prices.
Pay attention to your contract’s end date when enrolling in the fall. If you enroll in a nine-month plan in September, you’ll have to enroll in a new electricity plan in June, when rates are often rising.
Which TDU Serves Plano?
Oncor Electric Delivery is the TDU in Plano and the DFW metroplex. If you experience downed lines or a power outage in your service area, contact Oncor directly.
Frequently Asked Questions About Plano Electricity Rates
What company provides electricity to Plano?
Oncor Electric is the utility company in Plano that delivers electricity to your home. However, because Plano is part of the deregulated energy market in Texas, you can choose your energy provider who sells you an electricity plan. Dozens of electric companies provide energy service in Plano, including Reliant Energy, TXU Energy, Gexa Energy and more.
How can I lower my electricity bill in Plano?
You may be able to lower your Plano electricity bill by comparing rates and switching to a cheaper energy provider. We recommend checking market prices every six months to see how your current rate compares. You can also take a few simple steps to reduce your home’s energy usage and, therefore, lower your monthly electricity bill. Consider switching to LED bulbs. They use less power and last significantly longer than traditional light bulbs. Smart thermostats can also help you reduce your home’s power usage while keeping the place cozy. Check out our energy-saving tips to find other great ways to lower your Plano electricity bills.
How do I find my electricity supplier in my area?
On this page, you can enter your ZIP code to compare energy companies in your area. You can also sort and filter your options based on what you value most. To ensure no surprises, review your chosen plan’s EFL before signing a contract.
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%)
