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!

Plano, TX Electricity - Everything You Need To Know

Are you looking for a rate that’s great in Plano, Texas?

On your own, you face an uphill battle against hundreds of power companies spending billions of dollars on marketing gimmicks to get you on their plans. 

Even if you ever find a plan, how can you have confidence in your choice?

What if you had help from a friend?

This friend would be someone you trust. They’d have years of experience in the Texas electricity market and would bring the tools and services you need to find the best plan for you. Take back your peace of mind. 

Let Power Wizard Be Your Friend

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


 

Are you planning to:

  • Relocate to Plano, TX, for a new job, school, or to be closer to family?
  • Looking to switch electricity plans and want a better one for your needs?
  • Already residing in Plano and need an electricity plan?

If you answered yes to any of these, you’re in the right place. We will share the most up-to-date information about plans, companies, and electricity rates in Plano, TX.

Plano

Electricity Rates Plano

Choosing your electricity plan goes beyond the price per kWh. Understanding your home’s needs and usage are important components to keep in mind.

Here’s a story to help illustrate why it’s essential to look beyond the price per kWh and know what your needs are:

George is moving to Plano, TX, from Tennessee for a new job. He will be working at

Frito-Lay, Inc., one of the country’s largest headquarters, calls Plano, TX home.

Tennessee is not a deregulated state, so being able to choose his electricity plan is new to him.

George flew to Plano to look for a home for his family and attend orientation for his new job. Employees and other new hires offered recommendations for the best electric companies in Plano and the best electricity plans.

One of his new co-workers highly recommended the free nights and weekends plan.

George was excited about the word free and signed up for a plan based on the recommendations made.

The problems:

  • The free nights and weekends plan is capped at 1,000 kWh per month.
  • George purchased a 3,500 sq foot house for his family of four.
  • He’s currently not home on the weekends and spends very little time using electricity in the evenings.

George quickly realized he had made a mistake.

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There are no savings.

As a matter of fact, George will pay more with this plan than he would’ve with other plan options.

Without George’s family yet in Plano, his usage alone is averaging 1,200 kWh per month. He currently flies back to Tennessee on the weekends until the school year ends, when his family will move to Plano. And he’s only home first thing in the morning and late evenings after work. His late evenings only allow about one hour of enjoying T.V. time before going to bed.

His contract states any overage usage will be billed at 15¢ per kWh over 1,000 kWh. This is a $30 increase to George’s electric bill each month.

Things George didn’t take into consideration when looking at electricity rates in Plano:

  • The size of his home
  • His zip code
  • His family
  • The contract

George’s new co-worker who made the recommendation lives in a condo with less square footage and does not have children. His electricity needs are drastically different.

The other problem George faces is the contract. If he cancels his current plan, he may incur an early termination fee.

Hidden Fees

Many plans have hidden fees. It’s important to read the fine print in your contract and understand what your provider’s fees are.

Here are a few to be aware of:

  • Customer service call fees
  • Payment processing fee
  • Disconnection or reconnection fee
  • Document request
  • Minimum usage fee
  • Late payment fees
  • Returned check fees
  • Early Termination fee
  • And more

It is a requirement for Plano electricity providers to disclose all fees in your contract or terms of service. It’s important to abide by these terms to avoid being billed for any of these fees.

Contract Renewal Upcharge

Has this ever happened to you?

You found the best electricity plan for your home. You signed a contract. Months went by, and you enjoyed the savings on your electricity bill.

The time comes for you to renew your contract, and you notice a rate increase.

Why? Some electricity plans in Plano will automatically increase your rate after you renew.

Read the fine print when you sign the initial contract to know if there will be a rate increase after your initial contract agreement expires.

Types of Plans

There are many electricity plans to choose from in Plano.

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Some of those plans offered by electricity providers may include:

No Deposit Electricity Plan

This electricity plan may not require an upfront deposit or credit check.

Reward Plans

A reward plan allows you to earn different perks when you reduce your electricity usage. Receive rewards such as:

  • Gift cards
  • Savings on your bill
  • Free home gadgets
  • And more

Free Nights and Weekends

Get free electricity between specific hours. It is important to know the approved hours and understand the terms of your contract about minimum and maximum usage.

Fixed-Rate Plan

Your rate is locked in for a specific period of time. It is a promise from your electricity provider to not change your per kWh rate during the term of your contract.

Compare Electricity Rates Plano

With rates and plans constantly changing, we’re sure you want a quick and easy

reference to compare electricity rates in Plano.

Plan NamePlan LengthPlan Rate

CONSTELLATION – MONTH RESIDENTIAL FIXED RATE 6 months 11.6 ¢ / kWh
INFUSE – Essential Infusion Plan 6 months 12.0 ¢ / kWh
FIRST_CHOICE – You Got This™ – Fixed 12 months 12.7 ¢ / kWh
ENERGY_TEXAS – Come & Take It 12 months 12.7 ¢ / kWh
DIRECT – Green Texas – Fixed 12 months 13.0 ¢ / kWh
YEP – YEP Saver Fixed Autopay E-Plan 6 months 12.8 ¢ / kWh
SOUTHWEST – Texas Saver Fixed Rate Autopay E-Plan 6 months 12.8 ¢ / kWh
DISCOUNT – Saver 12 months 12.7 ¢ / kWh
VETERAN – Basic 12 months 12.8 ¢ / kWh
CIRRO – Smart Simple 12 months 12.8 ¢ / kWh

To see if any of these rates match your home’s needs, spend under five

minutes using our Shopping Tool.

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What’s the Best Electricity Plan in Plano?

Do you find yourself asking, “What’s the best electricity rate in Plano?” or “Who offers cheap electricity in Plano?”

The cheapest electricity rate on the market isn’t always the best rate for your home.

Instead, you should ask, “What’s the best electricity plan for my home and usage needs?”

It’s important to know your needs.

Let’s revisit the story of George. He thought he found the best electricity rate with the free nights and weekends plan at 10.5¢ per kWh.

George wasn’t getting his full savings with this plan and ended up paying more. Why?

  1. He wasn’t in town on the weekends
  2. The free nights perk was not being used
  3. The rate was for a maximum of 1,000 kWh per month

George’s rate per kWh increased to 15¢ per kWh over 1,000 kWh per month.

The cheapest rate on the market ended up costing George more.

When searching for electricity rates, it’s about finding a plan that is best for you

and your needs.

How to Choose An Electric Company in Plano

When choosing an electric company in Plano, you have two options:

Manually search through hundreds of electricity companies and plans.

Doing a manual search can take hours, if not days, to complete. You can find yourself looking at hours of:

  • Performing Google searches
  • Making phone calls
  • And compiling data into a spreadsheet

You will find yourself frustrated, exhausted, and confused.

Use Power Wizard’s unbiased algorithm and let it do all of the work for you.

It takes less than five minutes to enter relevant information about your home’s electricity usage, zip code, size, and more. Power Wizard will do the rest.

Our unbiased algorithm will search ALL the available plans in Plano and find the best one for your needs.

Light Companies in Plano

There are many light companies servicing Plano, Texas, due to deregulation.

The Texas Senate passed Bill 7 on January 1, 2002. This bill allows you to choose your electricity provider, opening up the electricity market for Retail Electricity Providers (REP) to compete for your business.

What’s the Best Electric Company in Plano?

Finding the best electric company in Plano, TX, depends on a lot of different factors, such as:

  • Size of your home
  • Your zip code
  • Your usage
  • Age of your home
  • And more

When you begin searching for the best electric company, it’s important to know your needs.

No two homes use electricity the same. The best plan for your neighbor may not

be the right one for you.

You can find the best electric company by manually searching through every

electric company servicing Plano and trying to understand all of their plans. This

search can take a countless number of hours and end in a lot of frustration.

Or use our Shopping tool.

Power Wizard has an unbiased algorithm to find the best plan for your needs. Take five minutes to share a little information about your home, zip code, etc.

Once you become a member, our technology will continue monitoring the ever-changing electricity rates and plan structures on the market to ensure you remain on the best plan available.

Discover the best electricity rates.

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

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Flat Rate Electricity Plano

There are many flat-rate electricity plans to choose from in Plano. Receiving a flat-rate bill sounds great. You know how much your bill will be every month. But does this plan benefit you?

It’s important to know:

  • What a flat-rate plan is
  • Does a flat-rate plan meet your needs
  • How a flat-rate plan may be beneficial or harmful for your electric needs

How can you determine if a flat-rate plan is best for you?

Use Power Wizard’s, Shopping Tool.

Prepaid Electricity Plano

REPs offer many prepaid electricity plans in Plano, just as they do flat-rate plans.

Just like flat-rate electricity plans, it’s important to know:

  • What a prepaid plan is
  • Does a flat-rate plan meet your needs
  • How a prepaid plan may be beneficial or harmful for your electric needs

How can you determine if a prepaid electricity plan is best for you? Use Power Wizard’s, Shopping Tool.

Plano

Average Electric Bill In Plano

Truly knowing the average electric bill in Plano is a challenge.

Remember, your monthly electric bill in Plano will depend on your home’s zip code, size of the home, age of home, etc. Each consumer’s electricity needs are different according to these criteria.

We do know that the average residential electricity rate in Plano is 11.11¢/kWh. This rate is, on average, 1.18% greater than the Texas average rate of 10.98¢/kWh.

Plano Electricity News:

Texas is the most expensive of all major markets when it comes to buying electricity. With the scorching summer heat of August 2019, electricity demand was at an all-time high.

With residents blasting their air to remain cool from the 101-degree heat, electricity demand hit an all-time high of 74,531 megawatts.

One Plano customer shared his electric bill with Dallas News, showing he paid almost 25¢ per kWh. His bill for only the first two weeks of August is a whopping $641.

Plano

Plano Neighborhoods:

Plano Zip Codes

Zipcodes in Plano:

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Power Wizard
7300 Lone Star Dr Suite C200, Plano, TX, 75024
972-236-4660