Top Residential Electricity Plans in The Colony, TX

In The Colony, electricity rates range from 8.2¢ to 16.1¢ per kilowatt-hour (kWh). Rates can vary by ZIP code, plan type, contract length, usage level and plan features, so it’s important to compare plans using your service address or ZIP code. The average rate in The Colony is 14.9¢ at a 1,000 kWh usage level.

Before enrolling, review the Electricity Facts Label (EFL) for each plan so you understand the full rate structure, not just the advertised price.

Electricity rates in The Colony can look different at 500, 1,000 and 2,000 kWh. Use the tables below to compare the average rate based on the usage level closest to your home’s needs and see how the average rate has shifted over time.

The Colony sits in Oncor Electric Delivery’s North Texas service territory, one of the largest deregulated electricity markets in Texas. Residents and businesses can choose from competing retail electric providers (REPs), but plan availability can vary by ZIP code and service address. Power Wizard’s energy experts compiled the provider options below to help guide your search.

If you live in The Colony, you can compare and switch providers at any time, but the end of a contract is usually the best time to switch electricity plans to avoid early termination fees (ETFs). Same-day switching may be available with some providers when enrollment is completed before 2 PM CST. Timing can vary by provider and service address, so review enrollment details before finalizing your plan.

Follow these steps to compare your options in The Colony:

1. Understand your current electricity usage.
2. Enter ZIP and street address on Power Wizard.
3. Compare plans by rate, plan type and contract length.
4. Review the EFL for the chosen plan.
5. Enroll online.

Keep in Mind:

• Switching during the last 14 days of your contract usually avoids any ETFs.
• You can start shopping up to 90 days before your contract ends and schedule your new electricity contract to begin when your current contract ends.
• If you move to a new home in the middle of a contract term, you typically won’t trigger an ETF.
• Note that same-day switching typically has a 2 PM CST cutoff.

In The Colony, Oncor Electric Delivery is the TDU that owns and maintains the power lines, poles and meters that deliver electricity to homes and businesses. Your REP sets your electricity rate, manages your plan and handles billing. You can choose your REP in deregulated Texas, but the TDU is assigned by location and cannot be changed.

Oncor handles outage responses for The Colony customers no matter which REP you use.

If your power goes out, contact Oncor Electric Delivery:

• Call: 888-313-4747
• Text: Text OUT to 66267
• Online: oncor.com/outages

TDU delivery fees are regulated charges that appear on your electricity bill no matter which REP you choose. The current TDU fees for Oncor are:

• Base Charge: $4.06 per month
• Energy Charge: $0.0612 per kilowatt-hour (kWh)

Electricity needs can look very different for a single-family home near Lewisville Lake, an apartment near Grandscape or a townhome close to SH 121. The right energy plan for you depends on your usage patterns, home size, occupancy and whether you have an EV or other high-usage appliances. No single The Colony energy plan fits everyone, especially in a growing North Texas community with a mix of established neighborhoods, new development and entertainment-focused business districts.

Fixed-Rate Plans

Time-of-Use (TOU) Plans

Prepaid / No-Deposit Plans

Green Energy Plans

Usage Credit Plans

If you run a business in The Colony, your electricity needs may vary depending on business type, operating hours and seasonal customer traffic. That can look different for restaurants and entertainment venues at Grandscape, retail stores near Nebraska Furniture Mart, offices along SH 121 or businesses along Main Street and Blair Oaks Drive.

Many retail electric providers offer dedicated commercial rate structures, account managers and energy monitoring tools for business accounts. To explore tailored options and request guidance from an energy expert, fill out the form on Power Wizard’s Business Electricity page.

Choosing an electricity plan is easier when you compare options in a clear order. Use this decision framework before enrolling:

1. Estimate your average monthly kWh usage by checking a recent electricity bill. This helps you compare plans at the usage level that best matches your home.
2. Decide whether you want long-term stability or short-term flexibility. A longer fixed-rate contract may help keep pricing more predictable, while a shorter contract or month-to-month option may make sense if you expect to move soon.
3. Consider whether renewable energy or usage-credit structures fit your lifestyle. Green plans may appeal if you want to support renewable energy, while usage-credit plans may work better if your monthly usage consistently meets the credit threshold.
4. Review the Electricity Facts Label for any plan you’re considering before signing. The EFL explains the rate at different usage levels, contract terms, fees and any bill credits or usage thresholds.

Once you know what type of plan fits your household, use Power Wizard’s comparison tool and filter by your The Colony ZIP code to view available electricity plans.