Are you ready to save hundreds on your electricity bill?

Discover how to get the best electricity rates in Texas - within seconds!

Are you ready to save hundreds on your electricity bill?

Discover how to get the best electricity rates in Texas - within seconds!

Electricity Rates McKinney, Tx: How To Find the Best Rate For You

As a resident of McKinney, you know that electric rates are a taboo subject. You walk by your neighbor’s house and wonder: What are they paying for their electricity?

It feels like a rude question, but you have to know… are you getting the best possible electric rate?

Don’t ruin the neighborhood picnic! You can find out if you’re getting the best rate on electricity without having to ask a single awkward question.


Power Wizard’s Shopping Tool!

Our Shopping Tool will pair you with the perfect electric plan in minutes so you can rest assured you’ve got the best rate on electricity. Instead of interrogating your neighbors on their monthly bills, you can walk around with your head held high knowing that your deal is even better.

Let us find you the best plan in seconds and start saving.


electricity rates McKinney

McKinney Electricity Rates

There is a competitive electricity market in Texas, which allows the electricity rates to vary in McKinney.

These diverse rates are a result of various important factors:

However, the main reason for the wide range of rates in McKinney is due to the deregulation of the energy market.

Deregulation in McKinney

All of those companies that are available for you to choose from can compete for your business.


In 2002, the Texas state legislature approved the Texas Senate Bill 7, which changed the laws regarding electricity.

The electricity market that was once regulated by large overarching utility companies, became a deregulated electricity market.

Although not all of the cities and towns in Texas are under deregulation, hundreds of them are, including McKinney.

This means that:

This is a great benefit to you.

Discover the best electricity rates.

Power Wizard finds you the best electricity plan and ensures you won’t overpay for electricity again.

Learn More in Under 2 Mins

How Does Deregulation Affect Me As A McKinney Resident?

The deregulation of electricity allows you, the consumer, to have purchasing power.

With all of the electricity providers that compete for your business in McKinney, you can choose the one company that offers the best electricity rate and plan for you.

But, you have to do your due diligence…

The responsibility of choosing an electricity rate that best meets your needs falls upon you.

If you shop around without doing thorough research, you might end up paying more than necessary with an excessively-priced plan.

But we have good news for you…

Here at Power Wizard, we can help you find the electricity rate and plan in McKinney that suits you best, whether it is for residential or commercial purposes.

With our 100% unbiased Shopping Tool, we can match your home or business needs with the best rate for you.

Do you want to see how it works?

Simply enter your zip code into our Shopping Tool and in 5 minutes or less, you will know what electricity company offers the best rate for you.

Best Electric Rates in McKinney, TX: How To Find Them

When you are considering what is best for your household and/or business, it can sometimes push your budget’s boundaries.

If you are like most, you are looking for ways to cut the costs of powering your home or business with a lower electric rate that meets your unique needs.

So, if you have been asking “What is the best electric rate in McKinney, TX?” consider asking a more specific question…

What is the best electric rate in McKinney, Texas for me?

The emphasis is on “The best…for me” because there is a misconception that finding the lowest electric rate will guarantee that you will save money.

But this is not true because the cheapest rate you find may not align with the unique needs of your household or business.

Therefore, if you have been focusing only on the cost of electricity per kWh, that particular rate may not be the best rate for you.

Finding the best rate in McKinney can be tricky, but not impossible when you know that your best rate will be different depending on your unique factors.

Let us find you the best plan in seconds and start saving.

Know That The “Best” Rate Will be Different for Each Family

The best electric rate in McKinney will be different for each household.

When you are searching for electricity rates, important factors need to be considered to determine which plan is truly best for your family’s needs:

Size And Age Of Your Home

Typically, the size of your home (in square footage) will affect your energy bill.

You can also expect newer houses and apartment properties to have higher energy efficiency.

Think about these questions as you consider the size and age of your home:

If you are not sure of the size and age of your home in McKinney, you can find the information in your mortgage or lease agreement documents.


Consider the type of lifestyle that you and your family live in McKinney. Do you:

Specific lifestyle factors, like the ones above, will affect your monthly energy usage.

For example, a “free nights and weekends” plan wouldn’t be the best choice for a household that has the majority of family members working nights or traveling often.


Not all electricity companies offer their services in every city and town in Texas.

Depending on your zip code, certain electricity companies are available for you to choose from.

For instance, if you are living in Dallas, you will find different electricity options than if you live in Houston.

Are you interested in seeing how your location can affect finding your best electricity rate?

Take five minutes to use Power Wizard’s Shopping Tool.

You can enter your zip code in McKinney, as well as other information about the previously mentioned factors and Power Wizard will do the work for you.

Discover the best electricity rates.

Power Wizard finds you the best electricity plan and ensures you won’t overpay for electricity again.

Learn More in Under 2 Mins

How Do Business Rates Compare to Residential Rates in McKinney?

Business electricity rates in McKinney vary just as residential rates do. Several electricity companies provide individualized quotes for business rates.

However, according to Electricity Local, the average commercial electricity rate in Mckinney is 10.22¢/kWh, which is 25.25% greater than the average commercial rate in Texas.

When comparing the energy usage of a business and a home, there are several unique factors that should be considered that would not be assessed with a home.

Let the Power Wizard’s Shopping Tool do the hard work to select the best electricity rate for your business.

electricity rates McKinney

How To Compare Electric Rates in McKinney, Texas

You have two options when comparing electricity rates in McKinney:

  1. Use hours (or even days) of your free time to do a manual search
  2. Use Power Wizard’s Shopping Tool in 5 minutes or less

Take Hours or Days Of Your Free Time to Manually Search

Taking the time to do a manual search for an electricity rate in McKinney is a daunting task.

There are dozens of electricity companies to choose from and each one has various rates paired with enticing promotions.

When you begin your search, you will need to make a list of all the electricity companies that service your zip code.

Google is probably the best way to go about this. Type in the phrase “electricity in [your zip code]” to get a list of web pages for electricity companies in your area.

Continue your manual search with the following steps:

  1. Look at each electricity company’s website to get rate quotes.
  2. Decide what electricity rate will allow you to save the most money while considering your unique factors – size, age, location, and historical usage for your home.
  3. Read and understand the fine print in regards to rates and contract terms to ensure you don’t overlook any hidden fees.
  4. Compare your findings for each of the electricity companies and make your final decision on which company best suits your needs.

As you can see, there is a lot of work involved in manually comparing electricity rates in McKinney.

It takes a lot of time and energy…and when you finish, how can you even be certain that you have compared and chosen the best rate? You most likely won’t be 100% certain.

Unless you have a lot of extra time on your hands, consider comparing electricity rates in a much simpler way.

Discover the best electricity rates.

Power Wizard finds you the best electricity plan and ensures you won’t overpay for electricity again.

Learn More in Under 2 Mins

Use Power Wizard’s Shopping Tool

Thankfully, you can find the best electricity rate much quicker than doing it manually.

Power Wizard has developed a 100% unbiased algorithmic tool that can research and compare all the electricity rates in McKinney for you.

This technology is called the Shopping Tool.

It uses your zip code and a few other pieces of information about your home or business to select the rate and plan that best meets your needs.

You won’t spend more than five minutes finding the best electricity rate because Power Wizard’s Shopping Tool was created to make this easy for you.

Power Wizard will also continue to help you save by monitoring your usage and the market rate to ensure that you continue to get the best electricity rate in McKinney.

Types of Electricity Rates In McKinney

The best electricity rate in McKinney will depend on your lifestyle, as well as the size, age, and location of your home.

Many different rate structures are available for you to consider in McKinney:

Variable-Rate Electricity Rates

Variable-rate is a type of rate that varies the cost of your electricity from month to month.

The monthly rate depends on the market price of electricity at that time.

Variable-rate plans are a popular option for many homes and businesses in McKinney.

How Does This Work?

Your electricity bill will fluctuate month to month because the market value of generating and delivering electricity will change.

For example, let’s say that your rate in January is 13.2 cents per kilowatt-hour (kWh).

In February, you could pay more (or less) than the previous month, but there is no way of knowing ahead of time.

Let us find you the best plan in seconds and start saving.

Why People Like This Rate

There are benefits to this type of rate that appeal to some people:

Pay-As-You-Go Electricity Rates

With pay-as-you-go rates, you pay for your electricity before it is transmitted to your home.

More traditional electricity rates require that you pay for your electricity after you use it, but pay-as-you-go is essentially a pre-paid type of plan.

How Does This Work?

You have an account with your McKinney electricity company that allows you to add money and monitor how much electricity you are using.

When you pay towards your account, you can add any amount for a certain number of kWh.

You can add more money to your account anytime. If you run out of money in your account, you will not have any electricity.

Why People Like This Rate

People like this type of rate for some of the following reasons:

Fixed-Rate Electricity Rates

Fixed-rate plans allow you to pay the same price per kWh from month to month.

How Does This Work?

This type of rate requires that you pay a locked-in rate per kWh for the duration of your 12, 24, or 36-month contract.

Typically, rates will vary depending on your chosen contract length and minimum monthly usage.

Why People Like This Rate

Here are some benefits that people enjoy with this type of rate:

Discover the best electricity rates.

Power Wizard finds you the best electricity plan and ensures you won’t overpay for electricity again.

Learn More in Under 2 Mins

Which McKinney Electricity Company Has The Cheapest Rates?

Everyone wants to find the cheapest electricity rate in McKinney and save money, but…

Choosing a rate based on the kWh can be deceiving.

For example:

It’s nearly impossible to know which electricity companies have the cheapest rates because rates are constantly changing.

There are some things you need to investigate when choosing an electricity rate in McKinney.

Long commitments or hidden fees are difficult to spot but here are some factors to look out for before signing an electricity service contract.

Hidden Fees

Those hidden fees shock you because they are not in plain sight on your contract.

Be an informed consumer and ask questions, so you are not surprised when extra charges show up on your bill.

Hidden fees to be aware of include:

Cancellation Fees

Although you may go into your contract with no intention of canceling your service in McKinney, you should be aware of any cancellation fees.

These fees can range from around $25 to several hundred dollars, depending on your particular electricity company and plan.

Before you sign an electricity service contract, be sure that you are aware of any fees that you would be required to pay for an early cancellation.

Length Of Contract

Electricity contracts are an agreement made between you and the electricity company, that includes specific terms that each party is to abide by.

When you sign your electricity service contract, you are agreeing to abide by the terms laid out in the contract by your electricity company for 6, 12, 24, or 36 months.

Let us find you the best plan in seconds and start saving.

Therefore, you should look very closely at those terms before signing and be aware of your renewal date after your contract expires.

You can be automatically enrolled in a month-to-month plan with a much higher rate on the anniversary of your contract and not be aware.

electricity rates McKinney

How To Switch Electricity Rates and Plans in McKinney to Get a Better Rate

If you are considering making a switch to get a better electricity rate in McKinney, you should consider the following questions:

After thinking through these questions (especially the last one), you may be ready to see what options you have to switch to a rate and plan that is suitable for your needs.

There’s a very easy way to do this with Power Wizard.

Save Time By Letting Power Wizard’s Unbiased Algorithm Find The Best Plan For Your Needs

Give Power Wizard five minutes, and we can help to give you confidence and peace of mind as you switch.

Simply enter a few pieces of information into the Power Wizard Shopping Tool:

In about 5 minutes and you will be able to see the rate that Power Wizard has chosen as the best for you.

It’s that quick.

Then, Power Wizard will then begin the process of switching you to your new electricity rate and plan.

But, we don’t stop there. We will even continue to monitor and compare your chosen plan against others and alert you if a better electricity rate becomes available.

Use the Power Wizard Shopping Tool to save you time and money today.

Discover the best electricity rates.

Power Wizard finds you the best electricity plan and ensures you won’t overpay for electricity again.

Learn More in Under 2 Mins