The average electric rate in Sherman is 19.6 cents per kilowatt-hour (kWh), which is about 27% more than the average Texas electricity rate of 15.60 cents per kWh, according to November data from the U.S. Energy Information Administration (EIA). You can save money in the Athens of Texas, by comparing energy companies and plans to find one that best fits your needs.
The type of energy plan you choose can directly affect bill predictability and your overall costs. Fixed-rate plans lock in a consistent price per kWh, ensuring steady bills and making it easier to budget. Variable-rate plans change monthly based on market prices, which can lead to unexpected increases and fluctuating bills.
The cheapest energy plans don’t always equal the lowest monthly cost. Bill credit plans offer discounts if your usage meets certain thresholds but result in higher rates when you fall short, making costs unpredictable. We generally recommend avoiding plans with bill credits or time-of-use rates and choosing a straightforward 12-month plan instead.
Best Sherman Electricity Rates and Plans
The best electricity rates in Sherman are budget-friendly and easy to understand. These plans simplify your bills and make them predictable. Be cautious of low advertised rates, as these plans often have gimmicks like bill credits or higher costs for extra usage, which increase your bill. We recommend 12-month fixed-rate plans without bill credits or hidden fees for more predictable energy costs.
Provider | Plan Name | Est. Monthly Bill | Rate (¢/kWh) | % Renewable |
|---|---|---|---|---|
Frontier Utilities | Frontier Budget Saver 12 | $155 | 15.5 | 30% |
Tri-Eagle Energy | Simple Savings 12 | $148 | 14.8 | 9% |
Rhythm Energy | Simply Select 12 | $164 | 16.4 | 100% |
4Change Energy | One Rate 12 | $157 | 15.7 | 9% |
Veteran Energy | Secure 12 | $157 | 15.7 | 7% |
Gexa Energy | Gexa Light Saver 12 | $163 | 16.3 | 100% |
Frontier Utilities | Platinum 12+ | $173 | 17.3 | 30% |
TXU Energy | Simple Rate 12 | $182 | 18.2 | 9% |
Payless Power | 12 Month - Prepaid | $198 | 19.8 | 26% |
Gexa Energy | Gexa Eco Saver Advantage 12 | $199 | 19.9 | 9% |
The rates in the above table are from the Oncor service area and are updated daily. Monthly bill estimates are for 1,000 kWh usage.
Cheapest Electricity Rates in Sherman
The below cheapest electricity plan options include bill credits, which help you save on electricity but only if your usage falls within the bill credit requirements.
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 | $106 | 10.6 | 30% |
Gexa Energy | Gexa Eco Saver Plus 12 Plan | $106 | 10.6 | 100% |
Frontier Utilities | Frontier Saver Plus 24 Plan | $109 | 10.9 | 30% |
Gexa Energy | Gexa Eco Saver Plus 24 Plan | $109 | 10.9 | 100% |
Veteran Energy | Valor 12 | $128 | 12.8 | 0.07% |
Veteran | Valor 24 | $133 | 13.3 | 0.07% |
The rates in the above table are from the Oncor service area and are updated daily. Monthly bill estimates are for 1,000 kWh usage.
How To Choose an Electricity Plan in Sherman
Choosing the best electricity plan in Sherman goes beyond just cost. Compare other factors such as contract length, customer service and bill predictability. You can use the following steps whether you’re moving or searching for a better deal.
Step 1: Identify Your Electricity Usage Needs
Knowing your typical energy usage will help you choose the right plan. Start by checking past electricity bills or using Smart Meter Texas for historical data. Compare energy rates based on your average usage, as plans vary depending on how much power you use. For example, some plans offer better rates for 500 kWh, ideal for apartments, while others offer the best rates for higher usage, like 2,000 kWh for large homes.
Step 2: Review Plan Details and Rates
When selecting a plan, you’ll find options like fixed-rate, variable-rate, green energy and time-of-use plans. Fixed-rate plans usually last 12 months and offer predictable bills, while variable-rate plans change month-to-month. Availability can vary by location, so what works in Sherman might not be offered in other areas. We recommend choosing a 12-month fixed-rate plan without bill credits or free nights for more stable costs.
Step 3: Switch To your New Provider
Enter your ZIP code on the Home Energy Club website to compare plans, rates and providers. Whether you’re switching providers or starting fresh, you can sign up in minutes. Your new provider will handle the transition and ensure no interruption to your service.
Plan Types Available in Sherman
Sherman electricity providers offer several electricity plans to suit a variety of energy needs. The most common plan types in Sherman include the following:
- Fixed-rate plans
- Green energy plans
- Variable-rate plans
- No-deposit plans
- Bill credit plans
- Time-of-use plans
Top Energy Companies in Sherman
In our review, we rated Reliant Energy, Green Mountain Energy and TriEagle Energy as the best Sherman energy providers.
Other popular companies with well-rounded scores include TXU Energy for its plan variety and Rhythm Energy for predictable green electricity options.
We found the cheapest electricity rates in Sherman are from Frontier Utilities and Gexa Energy.
Retail Energy Provider | Our Rating | Customer Satisfaction Score | BBB Rating |
|---|---|---|---|
4.9 | 4.7 | A+ | |
4.9 | 5 | A+ | |
4.9 | 4.8 | NR | |
4.8 | 4.6 | A+ | |
4.8 | 5 | A+ | |
4.7 | 4.8 | A+ | |
4.7 | 4.5 | NR | |
4.6 | 4.2 | C | |
4.6 | 4.5 | NR | |
4.5 | 4 | NR |
What To Know About Electricity in Sherman?
Understanding your plan options, providers and pricing structures can help you pick the best plan for your needs. You can start by reviewing your chosen plan’s electricity facts label (EFL).
Electricity Facts Label
The EFL outlines a plan’s rates, fees and contract terms to help you understand the charges on your monthly bill. It highlights fees like minimum usage, base charges and cancellation fees to avoid surprises. Read the EFL to ensure you understand all the costs before you enroll in a new plan.
Early Termination Fees
You may have to pay an early termination fee (ETF) if you cancel a fixed-rate plan before the contract is over. The ETF varies by provider and plan, but you can find the cost listed on your EFL. The fee usually ranges from $150 to $395 or costs $20 per remaining month on your contract. This fee only applies to fixed-rate plans, and you won’t have to pay if you move outside the provider’s service area and provide proof of your new address.
Free Nights and Weekends Energy Plans
Free nights or weekends are time-of-use energy plans that offer discounted electricity during off-peak hours. However, these plans often have higher rates during peak times, which can cause bills to fluctuate. We generally recommend staying away from these plans, especially if you have an unpredictable schedule or high usage during on-peak hours. However, these plans may be a good option for households that can consistently run appliances such as air conditioning units, dishwashers and washing machines during the free periods.
When To Switch or Shop
You may find lower prices by switching providers or shopping for a plan during the spring or fall. Mild weather during these seasons lowers energy demand, which lowers rates. Extreme temperatures in the summer months spike demand and make it harder to find affordable prices.
Start researching energy providers at least a month before you move to Sherman. This gives you time to compare plans and choose the best option. Planning ahead ensures a smooth transition and avoids delays.
How Does Deregulated Energy Work in Sherman?
Energy deregulation in Sherman began in 2002 to create competition, lower prices and break up monopolies. Retail electricity providers (REPs) buy electricity from power generators in wholesale auctions regulated by the Public Utility Commission of Texas (PUCT) and the Electric Reliability Council of Texas (ERCOT). This system gives you the flexibility to select plans based on your preferences, such as fixed rates, green energy or contract length.
While you have the power to choose your light company, the transmission and distribution utilities (TDUs) handle the delivery of electricity to homes and businesses.
Which TDU serves Sherman?
Oncor Electric is the TDU serving Sherman. You can report power outages directly to Oncor instead of contacting your energy provider.
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%)
