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How You Can Find The Best Electricity in Plano, Texas

If you’re trying to find the best electricity in Plano, you’re looking in the wrong places!

Try the company websites, and all you’ll find are fancy marketing gimmicks that have taken in even the most resistant to advertising. Head over to comparison sites, and you’ll get a biased list telling you to go for a plan that’s probably not quite as great as it appears. 

That’s Why We Created Power Wizard!

In just a few clicks, we can find you the best plan for your specific energy needs.

The secret is our unbiased algorithm designed by industry experts that scans through hundreds of plans in minutes, so you don’t have to! 

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

Find the Best Plan

 

We want to take some weight off of your shoulders, so we created this guide.

In this guide, we’ll look at things like:

• What to consider when looking for an electric company in Plano, Texas
• How to set up your utilities
• Types of electric plans
• What NOT to do when picking an electric company

Electric Company Plano, TX: How Many Are Available?

Home to about 270,000 residents and more than 10,000 businesses, Plano, Texas, is known as the “City of Excellence.”

In 2016, the city of Plano was rated the third best place to live in America by Money Magazine.

Even with the city’s high population, Plano has a small-town feel. With Plano’s education system, neighborhoods, and one of the lowest crime rates in America, it’s no wonder the city ranks so high.

With 10+ retail electric providers to choose from, it’s easy to see why choosing an electric company in Plano, Texas, might feel overwhelming.

Why are there so many retail electric providers in Plano?

Great question.

The answer: deregulation.

Deregulation in Plano

In 2002, Texas became a deregulated state.

What’s that mean?

Prior to deregulation, consumers had no say in who they purchased their electricity from. Local utility companies were consumers’ default option for an electric provider.

85% of Texas consumers can choose their retail electric provider (REP), including those in Plano.

Today, thanks to deregulation, Texas has over 160 different REP’s to choose from.

Why Does This Matter to Me?

The big question on your mind might be:

“How does deregulation in Plano affect me?”

Deregulation allows you to do the following:

• Choose your electric company in Plano, Texas.
• Compare Plano, Texas electricity rates.
• Change electric companies whenever you’d like.
• Find electricity providers in Plano, Texas, with plans that meet your unique needs.

In order to get the best rate and plan, it’s important to understand exactly what your home or business electricity needs are.

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Plano Electricity Rates

According to the U.S. Environmental Information Administration, electricity rates are based on a number of things, including:

• Whether you are a residential, commercial, or industrial consumer
• Local fuel costs
• The season
• Availability of power plants
• Pricing regulations

Average Electric Bill in Plano, Texas

In 2017, the average American paid $111.67 on their monthly electric bill.

Although it’s hard to pinpoint exactly what you’ll pay on your bill because electricity rates in Plano are always changing, here are some previous averages:

Residential consumers typically pay on average $128.00 a month for their electric bills.

What do Plano electricity rates look like?

• On average, residential consumers pay 11.11 cents per kWh
• Commercial consumers pay 10.22 cents per kWh
• 5.57 cents is the industrial average per kWh in Plano, Texas.

These averages are based on previous electric bills in Plano, Texas. These amounts can fluctuate based on seasons, fuel costs, price regulations, etc.

Best Electricity Rates in Plano, Texas

Finding the best electricity rates in Plano, Texas, can be difficult, but it doesn’t have to be.

You could take this step by step process:

1. Research retail electric providers that service your area.
2. Read through each company’s contracts and policies.
3. Create a list of what each company has to offer, including:
   • Rates
   • Contract lengths
   • Contract terms
   • Fees associated with the plans
   • Hidden fees and stipulations
4. Compare each company’s plans and pick a provider that might meet all your needs.

This manual process can be redundant. Researching electricity providers in Plano, Texas, could take hours, if not days.

You’re a busy person; spending so much time trying to find the best rates sounds irritating. You wish there was an easier way.

Thankfully, there is.

Power Wizard’s Shopping Tool can do the work for you.

Within five minutes, our algorithm can find plans that work for you and your home.

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Types of Electricity Plans Available In Plano, TX

Figuring out which electricity plan is the “right fit” can be frustrating.

There are so many factors to consider like, the age of your home, your lifestyle, and the hours when you use the most electricity.

Picking the best electricity plan means examining each type of plan and matching the plans to your needs.

Plano, Texas, consumers have tons of options when it comes to electricity plans.

Prepaid Electricity Plans In Plano

Consumers who decide to use prepaid electricity plans pay for the electricity they plan to use before they use it.

What is it?

Prepaid electricity plans are ideal for consumers with little to no credit history or for those who are good at tracking the amount of electricity they consume each month.

Prepaid electricity plans in Plano, Texas, are similar to using a prepaid visa credit card.

You load the amount of money you wish to pay into your account, and as it becomes depleted, you add more.

Although these plans can be beneficial to some, they also have their disadvantages, like:

• If you forget to pay, your electricity is turned off.

Retail electric providers will send electronic reminders when the funds in your account are getting low.

If your balance falls into the negatives, your electricity can be turned off with very little notice.

• No deposit doesn’t mean there’s no startup fee.

Most electric companies in Plano, TX that offer prepaid electricity plans require a startup fee of $75.00 or more in order to set up your account.

Companies may also require you to pay a minimum transmission fee upfront.

Fixed-Rate Electricity Plans In Plano

With fixed-rate electricity plans, Plano consumers pay a flat rate per kilowatt-hour (kWh) for the length of the contract they’ve chosen.

What you need to know

If you choose a fixed-rate electricity plan, if the market price changes, you pay the rate that you’ve signed your contract for. Your rate doesn’t change.

A fixed-rate electricity plan might be right for you if:

• You have a fixed budget.

You don’t have to worry about your electricity rates fluctuating through the duration of your contract.

• You don’t want to worry about price spikes during your contract.

Fixed-rate plans in Plano, Texas, allow you to prepare for the upcoming bill. You can control the amount of electricity you use each month if you need to.

• You want some flexibility.

Fixed-rate plans usually involve contracts that range from three months to three years. You’re able to choose the best contract for your needs.

But it’s important to be careful when signing a fixed-rate plan.

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There are some negatives that come with fixed-rate electricity plans in Plano, TX:

• When your contract ends, your price may change.

Fixed-rate plans can be beneficial for fixed budgets.

It’s important to remember that when your contract is over, you may end up paying more for your electricity based on the market value.

• If the market value drops while you’re still in contract, you’re stuck paying a higher price.

The market is always changing. If electricity rates drop while you’re in a fixed-rate contract, you get stuck paying the higher price.

• Most fixed-rate plans have hefty early termination fees.

You’ve already signed a three-year contract, but during the second year of your contract, you find a much better plan with another retail electric provider.

Unfortunately, you forgot to check your contract before you switched providers.

A few weeks later, you’ve got a bill with an early termination fee of $275.00 from your old provider that you’re stuck paying.

Month-to-Month Electricity Plans In Plano

Another option consumers have with certain electric companies in Plano is month-to-month electricity plans.

Consumers can opt-out of signing contracts for a specific length of time by choosing to pay monthly with the risk of variable rates.

Why do people like this option?

Consumers who move frequently may benefit from this option.

If you’re someone who doesn’t like to be locked into a contract, a month-to-month plan may be right for you.

Similar to prepaid plans in Plano, TX, month-to-month plans are good for people with little to no credit or those who cannot afford a large deposit.

Picking the right plan can be intimidating.

Make it easier on yourself and let Power Wizard do the hard stuff.

Our algorithm compares all the plans in your area within minutes and analyzes which one will fit your lifestyle and home the best.

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The Top Plano Electric Company: Will be Different for Each Family

What’s the best electric company in Plano, Texas?

There isn’t a “one-size-fits-all” answer to that question.

The best electric company for your home may not be the best for your neighbor or your friend down the street.

There are a number of factors that contribute to figuring out which electric company fits your needs the best.

Factor 1: What is the Size and Age of Your Home?

Are you the owner of a ranch-style home? Or maybe a two-story home?

A large home is going to use more energy for air conditioning, heating, and lighting.

Does your home have an open floor plan, or can you close off areas of your home?

The capability to close off vents or doors in certain rooms of your home can help lower your electric bill when the rooms aren’t in use.

How old is your home?

If your home is older, it may be less efficient.

Older homes tend to have less insulation, allowing for easy drafts. Your heat and air conditioning are going to work harder to cool or heat an older home if a draft is constantly coming in.

Factor 2: Lifestyle

Certain plans might work better for your lifestyle than others. Let’s take a look at how:

Chris works the night shift. When he’s not working, he’s hiking, camping, or out on the town. Chris is rarely home.

A “free nights and weekends” plan wouldn’t be beneficial to Chris.

In fact, Chris might benefit from a plan that gives him a discount when he uses electricity during “off-peak” hours that aren’t specifically nights and weekends.

It’s vital that you examine your lifestyle when you use the most electricity, and how your household uses energy when picking an electric provider.

Power Wizard can help you find a plan that works best for your lifestyle. Simply enter your zip code in our Shopping Tool to see how it works.

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Factor 3: Location

Certain retail electric providers are only available to consumers in specific zip codes.

Your co-worker may be able to choose between 10+ providers, while you may only be able to choose from three or four because you live in a different zip code.

Which Company Has the Lowest Electricity Rates in Plano?

A retail electric provider might be advertising the “lowest rates in Plano.”

Sadly, it doesn’t mean you’re actually getting the best deal.

It’s easy to get misled when looking for the company with the lowest rates. Finding the lowest rates means doing some extensive investigating.

Take These Factors Into Consideration When Picking an Electricity Plan in Plano:

There are many factors you need to consider when choosing a Plano electricity plan including hidden fees, contract length, and cancellation costs. Let’s take a closer look at all three.

Factor 1: Hidden Fees

You’ve found a provider who is offering a very low rate per kWh. It seems like a steal, so you sign a contract.

When you receive your first bill, you realize you’ve been hit with a number of fees you didn’t expect.

Fees like:

• Mandatory fixed fees
• Minimum usage fees
• Paper billing fees
• Generation fees
• Transmission fees

Now, you’re stuck paying almost double your kWh usage due to fees you didn’t realize you’d have to pay.

Factor 2: Length of Commitment

Many times low electricity rates come with lengthy contracts. Getting stuck in a three-year, fixed-rate contract may not benefit you when the market value drops drastically.

Factor 3: Cancellation Costs

Cancellation costs can vary from company to company, ranging anywhere from $0.00 – $275.00 or more. Signing a contract with a low kWh rate may be hard to get out of if you find a better rate later.

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Moving to Plano: How to Set Up Your Electricity

If you’re moving to Plano, Texas, it’s important to consider your home’s history.

What does that mean in regards to your electric bill?

It means understanding how much energy your home has used in the past.

Unless you have keen detective skills, finding this information can take quite a bit of effort and time, especially if you don’t know your home’s previous owners.

Power Wizard understands how time-consuming the process can be. So, we created a system that does the digging for you. It can project the energy consumption of your home. Then, we’ll even set up your electricity for you.

I Have an Electricity Plan in Plano I Don’t Like. How Can I Switch?

No worries, switching doesn’t have to be stressful. In fact, if done correctly, it can be a seamless switch.

Instead of making the switch manually, let Power Wizard manage it for you.

We take into consideration your cancellation fee and make sure you’re getting the best rate.

We even continue to monitor your account each month, so if a better deal becomes available, we can let you know.

How to Turn On Your Utilities in Plano, TX

Just moved to Plano? Trying to turn on your utilities?

Searching through resources to find answers takes too much time.

Here are some resources to help you get your utilities set up and bills paid in Plano, TX:

Electricity

Power Wizard understands that your time is important and was created to ease the burden of having to set everything up yourself.

We can help take care of setting up or transferring your electric services.

A few other important facts about electricity services in Plano, Texas, are:

Most, if not all, electric companies in Plano, Texas, have switched from analog systems to smart meter systems.

What are smart meters?

Smart meters transmit the energy consumption to your electric company without having to have someone from the company come out and read the meter.

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These are beneficial to you because they require less work. Their batteries last anywhere from 10-20 years.

They are capable of submitting your home’s usage by the day, hour, even minute. Smart meters are much more efficient for electric companies.

Although some smart meters are able to communicate with your electric company in case of an outage, not all of them can.

If you experience an electricity outage or emergency you should contact your electric company immediately.

Water

The city of Plano is a member of the North Texas Municipal Water District. NTMWD provides water to the residents of Plano, Texas.

The utility/water department address is:

Plano Municipal Center
1520 K Avenue
Plano, TX 75074

Located on the first floor in suite #120.

They can be reached at 972-941-7000 between the hours of 8 a.m. and 5 p.m. Monday through Friday.

Gas

Residents of Plano, Texas, have two options for their gas provider:

1. Atmos Energy

Consumers can reach Atmos at 1-888-286-6700, Monday – Friday, 7 a.m. to 6 p.m. If you’re looking to set up an account, call the company, and they’ll walk you through the process.

The company takes payments online, over the phone, through the mail, or in person at any of their payment processing locations.

2. CoServ Gas

CoServ Gas can be reached at (940) 321-7800.

You can set up your services online or by calling them during their business hours, Monday through Friday, 8 a.m. to 5 p.m.

Customers can pay their bills online, over the phone, or through the mail.

To report a gas leak or emergency, call (844) 330-0763.

Garbage and Recycling Pickup

Garbage and recycling services are run by the city of Plano. Residents’ water bills and garbage bills are bulked together on the same bill.

If you need to reach Plano city for any reason regarding your garbage and recycling, you can contact them at (972) 769-4150.

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How Do I 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
VETERAN – Basic	12 months	12.8 ¢ / kWh
DISCOUNT – Saver	12 months	12.7 ¢ / kWh
CIRRO – Smart Simple	12 months	12.8 ¢ / kWh

The Painful Way: Price it Manually By Going to Each Company’s Website

While looking for an electric company in Plano, Texas, you could ask some questions like:

Which are the best electric plans in Plano, Texas?

Answering this question on your own could take hours and become way too stressful.

I found a really great rate, but how do I know I’m getting the best deal?

Comparing plans by rates alone is hard.

There are so many other factors to consider.

Although one plan might look like the cheapest option for your home based on the rate per kWh, it doesn’t mean it’s the best for your budget.

The cheapest rate might come with some unfavorable terms like:

• Lengthy contracts
• High minimum usage fees
• Large deposit requirements
• Ridiculous transmission and generation fees

Without doing countless hours of research and comparing each company one by one, finding the best price and best plan for your lifestyle may seem impossible.

How do you know that you’ve read all the terms and conditions? Are you sure you understand what the company’s contract states?

Doing so much work to find an electric company seems far too complicated.

Why not take an easier route?

The Easy Way: Get a Quick Answer With Power Wizard

Luckily – PW has a tool that makes choosing an electric company in Plano, TX, easy.

All you have to do is enter your zip code into the Shopping Tool, along with a few bits of information about your home.

Our system will compare all of the electricity plans available in your area. With Power Wizard, you can be sure you’re getting the best deal based on your needs.

We continually monitor your plan. If a better option comes along, we’ll let you know.

We take care of all the hard stuff, giving you peace of mind and time to do the things that really matter.