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Power Wizard’s energy experts evaluated pricing, contract details, customer feedback, and other factors to choose these three plans.
In Sherman, TX, where the average monthly electricity usage for a typical home is 1,122 kWh, electricity rates range from 8.0¢ to --- per kWh. Check out some of the available rates below. Pop your ZIP code into Power Wizard’s plan comparison tool to view information specific to your area.
| Plan Name | ¢/kWh | Est. Bill | Term | Rating |
|---|---|---|---|---|
| Chariot Energy - GridPlus 12 | 8.0¢ | $80.00 | 12 mos. | 4.4 |
| APG&E - SimpleSaver 12 | 8.1¢ | $81.00 | 12 mos. | 4.8 |
| Energy Texas - The Lone Saver Plus 12 | 8.2¢ | $81.80 | 12 mos. | 4.7 |
| Rhythm Energy - Rhythm Max Saver 12 | 8.2¢ | $81.80 | 12 mos. | 4.8 |
| 4Change Energy - Maxx Saver Value 12 | 8.2¢ | $82.00 | 12 mos. | 4.9 |
| Express Energy - Flash Value 12 | 8.2¢ | $82.00 | 12 mos. | 4.7 |
| Companion Energy - Companion Savings + Benefits 12 | 8.3¢ | $83.00 | 12 mos. | 4.3 |
| Frontier Utilities - Frontier Saver Plus 12 | 8.3¢ | $83.00 | 12 mos. | 4.8 |
| Gexa Energy - Gexa Eco Saver Plus 12 | 8.3¢ | $83.00 | 12 mos. | 5 |
| Octopus Energy - Octopus Lite 12 | 9.8¢ | $97.90 | 12 mos. | 4.1 |
The electricity rate you pay can change based on how much energy you use during a billing cycle. This is because plans are structured in different ways, such as fixed-rate, tiered pricing, or usage-based credits. Below is a comparison of average Sherman rates across the most common usage levels.
As part of the Sherman-Denison metropolitan area, Sherman is served by several well-known electricity companies, commonly called Retail Electric Providers (REPs). There isn’t one ‘best’ provider because they all design their offerings around different energy needs and preferences. In a deregulated market like Sherman, the easiest way to choose the right REP for your household is to compare them side by side. Power Wizard’s energy experts have done the research for you below.
| Electricity Company | Best for… | Rating |
|---|---|---|
| 4Change Energy | Focuses on simple, fixed-rate electricity and makes annual donations to charities | |
| Veteran Energy | Has competitively priced electricity options and supports organizations that help veterans | |
| Frontier Utilities | Offers a wide range of low-rate electricity plan types and provides eligible new customers with a 60-day satisfaction guarantee | |
| Payless Power | Focuses on prepaid and no-deposit plans, but also has a few fixed-rate, postpaid plans | |
| Express Energy | Provides mid- to long-term contract options and easy-to-understand pricing | |
| APG&E | Committed to great customer service and providing competitive rates | |
| CleanSky Energy | Mainly offers 100% wind and solar-backed renewable electricity plans | |
| Companion Energy | Offers pet perks with every plan and partners with several pet organizations | |
| Rhythm Energy | Provides customers with a wide range of renewable electricity plans and digital account management tools | |
| Chariot Energy | Focuses on competitively priced, solar-backed electricity options | |
| Energy Texas | Emphasizes transparent plans and prices, and offers eligible new customers a 30-day satisfaction guarantee | |
| Atlantex Power | Keeps the online sign-up process simple and maintains an electricity knowledge base for customers | |
| Octopus Energy | Focuses on smart tech-compatible green energy plans |
Sherman has seen rapid growth in recent years, supported in part by major semiconductor investments. Because the city is deregulated, you can decide which REP to buy an electricity plan from rather than being assigned one. The provider and plan you choose can have a major impact on your monthly bill, so make sure that you do some research before signing up.
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If you decide the electricity plan or provider you chose isn’t the best fit, you can shop around and switch providers at the end of your contract. Early Termination Fees (ETFs) may apply if you leave early. If you are moving, ETFs do not apply, even if your contract has not been fulfilled. ETFs also do not apply during the last 14 days of your current electricity contract.
If you enrolled recently, check to see if your REP offers a satisfaction guarantee that might let you switch to another plan free of charge. Just keep in mind that these guarantees typically have short windows (30-60 days), aren’t offered by every REP, and are usually for specific new customers only.
Want to explore Sherman electricity plans and REPs? Enter your ZIP code into Power Wizard’s comparison tool. Once you’ve made your decision, you can enroll directly through our website.
If you find a plan that fits your needs, you can schedule a switch 60 to 90 days in advance (effectively locking the rate), depending on the provider. Be sure to set the switch day within the final 14 days of your current contract.
REPs and electric utilities are both part of your electricity service in Sherman, but they have different purposes. A REP is the company you choose to buy an electricity plan from. It sets its own rates, designs plans, and sometimes offers optional incentives or programs. REPs are also responsible for billing and customer service.
An electric utility company—referred to as a Transmission and Distribution Utility (TDU)—delivers electricity to your home or business. It controls parts of the Texas power grid infrastructure and is responsible for maintaining it. TDUs also restore power during local outages.
TDUs are assigned to residents based on their location. The TDU for Sherman, TX is Oncor Electric Delivery. You can report outages to them by:
Like every TDU in Texas, Oncor charges every customer in its territory a delivery fee. Oncor’s current delivery fee includes a $4.06 base charge and a $0.06 per kWh energy charge. TDU delivery fees are regulated by the Public Utility Commission of Texas (PUCT) and are tied to the TDU itself, meaning changing REPs will not affect them.
Families living in large homes in the Westwood Village area usually consume more energy than students in 1-bedroom apartments near Austin College. Because every household uses energy differently, there isn’t a one-size-fits-all electricity plan. Power Wizard’s energy experts have explained the most common types of Sherman electricity plans available so you can make an informed decision. Before enrolling in any plan, read the Electricity Facts Label (EFL) for full details.
| Plan Type | Best For | Price Stability | Contract Length | Risk Level |
|---|---|---|---|---|
| Fixed-Rate | Long-term Sherman residents want predictable bills through North Texas summers and winter cold snaps | High | 3-36 months | Low |
| Variable-Rate | Semiconductor workers on short-term project assignments or month-to-month lease arrangements | Low | Month-to-month | Medium-High |
| Time-of-Use | Households with flexible schedules and EV owners who charge at home | Medium | Varies, usually 3-36 months | Medium |
| Prepaid / No-Deposit | Residents with limited credit history, students setting up service for the first time, or anyone wanting to avoid a deposit | Low | Varies, but typically month-to-month or short-term | Medium |
| Green Energy | Households prioritizing renewable energy | Medium-High | Varies, usually 3-36 months | Low-Medium |
| Usage Credit | Consistently medium- to high-usage households (1,000+ kWh/mo) — common in Sherman’s newer, larger master-planned homes | High | Varies, usually 3-36 months | Low-Medium |
| Solar Buyback | Homeowners with solar panels looking to sell their excess energy | Medium-High | Varies, usually 3-36 months | Low-Medium |
Fixed-rate electricity plans are the smartest choice for Sherman residents who want more predictable energy costs. With this type of plan, the energy rate (the per-kWh charge) stays more stable for the length of your agreement, helping reduce surprises when market prices fluctuate. Your total bill can still change based on your monthly usage, TDU charges, taxes, and other applicable fees, but the price per kWh stays about the same throughout the contract term.
| Plan Name | ¢/kWh | Est. Bill | Term |
|---|---|---|---|
| APG&E - SimpleSaver 24 | 8.2¢ | $82.00 | 24 mos. |
| Rhythm Energy - PowerShift Payback 12 | 14.0¢ | $139.60 | 12 mos. |
| Energy Texas - Come & Take It 12 | 14.1¢ | $141.00 | 12 mos. |
| BKV Energy - Lantana 12 | 14.9¢ | $149.00 | 12 mos. |
Time-of-use plans (TOU) charge different rates depending on when electricity is used. Most offer lower-cost electricity during specific off-peak periods, like evenings or weekends, while charging higher rates outside those hours. These plans can be a good fit for Sherman households that can run major appliances, charge EVs, or complete other energy-intensive tasks during off-peak times.
| Plan Name | ¢/kWh | Est. Bill | Term |
|---|---|---|---|
| Chariot Energy - Free Days 36 | 15.1¢ | $151.00 | 36 mos. |
| CleanSky Energy - Free Nights 12 | 17.0¢ | $170.00 | 12 mos. |
| Frontier Utilities - Frontier Free Weekends Preferred 12 | 17.9¢ | $179.00 | 12 mos. |
| Gexa Energy - Free 3 Day Weekends Preferred 12 | 19.3¢ | $193.00 | 12 mos. |
Bill credit plans provide a credit toward your bill (usually a fixed dollar amount, like $50) when your monthly electricity usage reaches a qualifying kWh threshold. These credits can significantly reduce your effective rate. Missing the target kWh will eliminate the bill credit, so these plans tend to work best for Sherman homes with relatively consistent, medium-to-high monthly consumption.
| Plan Name | ¢/kWh | Est. Bill | Term |
|---|---|---|---|
| APG&E - SimpleSaver 12 | 8.0¢ | $80.00 | 12 mos. |
| Rhythm Energy - Rhythm Max Saver 12 | 8.2¢ | $81.80 | 12 mos. |
| Energy Texas - The Lone Saver Plus 12 | 8.2¢ | $81.80 | 12 mos. |
| Frontier Utilities - Frontier Saver Plus 12 | 8.3¢ | $83.00 | 12 mos. |
With prepaid/no-deposit electricity plans, you fund your account in advance rather than receiving a monthly bill. As you use electricity, charges are deducted from your balance. These plans can be attractive for customers who want to avoid a deposit requirement or credit check. These plans require you to monitor and replenish your account regularly to prevent service disruptions.
| Plan Name | ¢/kWh | Est. Bill | Term |
|---|---|---|---|
| Payless Power - 12 MONTH - PREPAID | 20.7¢ | $207.00 | 12 mos. |
Renewable energy plans help support electricity generation from sources such as wind, solar, and hydroelectric power. REPs purchase Renewable Energy Certificates (RECs) to match the plan’s renewable content. Sherman residents can often find renewable options available in fixed-rate, TOU, bill credit, and variable-price structures.
| Plan Name | ¢/kWh | Est. Bill | Term |
|---|---|---|---|
| Rhythm Energy - Rhythm Max Saver 12 | 8.2¢ | $81.80 | 12 mos. |
| Gexa Energy - Gexa Eco Saver Plus 24 | 8.8¢ | $88.00 | 24 mos. |
| Energy Texas - Bigger Than Texas 24 | 14.8¢ | $148.00 | 24 mos. |
| BKV Energy - Lantana Green 12 | 15.1¢ | $151.00 | 12 mos. |
If your Sherman home is equipped with solar panels, a solar buyback plan may allow you to earn credits for excess electricity sent back to the grid. The amount of compensation varies by provider and plan design, but these credits can help reduce your overall electricity expenses throughout the year.
| Plan Name | ¢/kWh | Est. Bill | Term |
|---|---|---|---|
| Chariot Energy - Shine 36 | 16.5¢ | $165.00 | 36 mos. |
| Gexa Energy - Gexa Solar Export Saver 12 | 17.5¢ | $175.00 | 12 mos. |
Variable-price plans offer flexibility because they typically do not require a long-term contract. Instead of locking in a rate, the price per kWh can increase or decrease based on market conditions, weather patterns, and overall demand. While these plans may appeal to renters or residents seeking short-term options, monthly electricity costs can be less predictable.
Whether you own a boutique on historic Main Street, a healthcare practice on U.S. Highway 75, or an industrial business in the southern part of town, there are plenty of business electricity plans available. Several REPs serving Sherman offer businesses customized electricity plans with specialized rate structures, dedicated account managers, and energy monitoring tools.
Need help finding a commercial plan that matches how your business operates? Fill out the contact form on Power Wizard’s Business Electricity page to speak with an energy expert.
Finding the right electricity plan in Sherman takes more than comparing advertised rates. The best plan for your home depends on your typical energy usage, budget, and preferences. As you evaluate electricity providers and plans:
Ready to compare Sherman electricity plans? Enter your ZIP code into Power Wizard’s comparison tool to view rates, contract terms, and plan features side by side.
Some of the top electricity providers in Sherman are Gexa Energy, 4Change Energy, TXU Energy, Octopus Energy, Energy Texas, and Companion Energy. Each one has different offerings, so be sure to compare them based on your needs, wants, and average usage level.
A good electricity rate per kWh in Sherman is typically anything around the city’s average rate of 15.5¢ per kWh at a usage level of 1,000 kWh. Your actual rate may vary based on your ZIP code, home size and type, average usage, and plan structure. Read your EFL for rate details before signing up for an electricity plan.
Oncor Electric Delivery is the Transmission and Distribution Utility (TDU) for Sherman. It operates and maintains the local electric grid infrastructure so power can reach your home safely and reliably. Oncor also restores power during local outages.
Sherman is one of the fastest-growing cities in North Texas because of recent semiconductor manufacturing investments. These are bringing new businesses, jobs, infrastructure, and employees from all over the country to Sherman.
Yes, you can switch electricity providers in Sherman because it is a deregulated city. You can shop around and switch providers at the end of your contract. ETFs may apply if you leave early. However, they do not apply if you’re moving (even if your contract has not been fulfilled) or only have 2 weeks left in your contract.
Yes, there are no-deposit electricity plans available in Sherman. These plans often don’t have long-term contracts and don’t require credit checks or deposits, making them popular among short-term residents, those with limited credit histories, and people in temporary housing. Keep in mind that no-deposit plans often have higher rates than postpaid plans.
