Your power to choose electricity in McKinney

In a traditional energy market, residents are required to buy electricity from the local utility company. However, the deregulated energy market in Texas gives you the power to choose from various McKinney electricity companies. You can compare electricity plans in McKinney to get the electricity rate that best suits your needs.

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Average residential rate in McKinney, TX

The average McKinney electricity rate on the Choose Texas Power marketplace for 1,000 kWh is 13.8 cents per kilowatt hour (kWh). In Texas, energy rates vary depending on the season, usage levels, and other factors. Electricity rates in McKinney will likely rise as temperatures heat up in the summer. Additionally, larger homes require more electricity to keep cool, resulting in higher rates. Find the right fit for your household with Choose Texas Power.

Best electricity providers

In Texas’ deregulated market, electricity providers sell plans to customers, manage billing, and handle account/contract details. You also get to choose which provider you want to enroll in a plan from. The Choose Texas Power marketplace can help you find the best energy plan near you without searching on each company’s website. Our site features competitive plans from the best electricity companies in McKinney, including 4Change Energy, Express Energy, and TXU Energy. You can easily compare reviews, terms, and plan details and sign up in minutes hassle-free.

Oncor Electric Delivery is McKinney’s utility

In a deregulated market, your utility company plays a different role than your energy provider. The utility is assigned to you based on where you live, and it maintains the local power infrastructure and handles outages. In McKinney, the utility is Oncor Electric Delivery.

In the event of a power outage, you should contact Oncor to report it. You can use the online outage reporter, call (888) 313-4747, or text OUT to 66267.

How to pick the best energy plan in McKinney

There are a few important tips to know when shopping for an energy plan. The most important piece of information to know is your typical energy usage. You can check past energy bills to estimate this number. Providers charge different rates depending on your usage, so it’s important to be aware of your usage level when shopping.

While finding the cheapest electricity rates is often the most important factor for customers, choosing the best energy plan goes beyond enrolling in a plan with the lowest advertised rate. You should also make sure the plan works for your energy goals and needs. Before signing up for a plan, read the Electricity Facts Label (EFL). This document contains important details like the rate type, contract length, termination fees, and more.

Finally, you should always research a provider before signing up for a plan. We recommend reading testimonials from other customers, checking the details of each plan, and considering the business’s history before making your decision. Choose Texas Power offers a full breakdown of the best Texas energy providers to help you with this step.

Types of McKinney electric plans

Electricity companies in McKinney offer a variety of competitive plans to help you choose the best option for your home or business. Here is a basic overview of each plan type you should know about.

• Fixed-rate plans: This plan type secures a steady rate for the length of your contract, which usually lasts 12–36 months. It protects you from price spikes in the energy market, which is ideal if you’re searching for a long-term and predictable plan. However, your provider may charge an early termination fee (ETF) if you cancel your service before your contract ends. Read your plan’s Energy Facts Label (EFL) to understand your electricity bill and catch any hidden fees.
• Variable-rate plans: A variable-rate plan does not come with a contract, but the rate you pay changes monthly depending on wholesale energy costs. With this plan, you could pay much more when demand is high, which is typical in the summer or winter months. However, you could also save money when demand is low. And because there’s no contract, you can switch energy plans at any time with no ETF, making this a good choice if you’re in a short-term crunch.
• No-deposit plans: Many companies require deposits before beginning service. With a no-deposit plan, however, you can avoid this payment. One common option is a prepaid plan, which allows you to pay for your usage beforehand and top up your account when the balance runs low.
• Indexed plans: An indexed plan is similar to a variable-rate plan because your rate can change from month to month. While variable-rate plans charge based on the wholesale cost of energy, indexed plans calculate your rate using a formula based on a commodity index. These plans are less common than other types, and the rate changes more frequently.
• Time-of-use plans: Under a time-of-use plan, your provider can charge different rates depending on the time of day or week. During the mornings or evenings, when energy demand is normally higher, your rate may differ. But you could pay less if you’re able to use electricity during times of lower demand.
• Renewable energy plans: Every Texas energy plan includes some green energy in the mix, but some providers offer plans with 100% renewable electricity. Enter your ZIP code and filter for green energy plans to compare your current options.

Understanding McKinney electric rates

Electricity rates can vary depending on multiple factors. Your location and utility company affect your electricity rates — you could pay a different rate from someone else on the same plan in another area. For this reason, it’s important to search for accurate McKinney electricity rates using your ZIP code.

Commercial energy

You also have the power to choose a McKinney electric company for your business if you own or lease a commercial property. Explore your options by calling the phone number on your screen to speak with one of our energy experts. You can also fill out our commercial energy form to receive help with a customized energy plan for your business.

How to switch energy companies

Whether you’re moving to the area or need to switch providers, Choose Texas Power can help you secure cheap electricity in McKinney for your home. Use our marketplace to find the best provider for your needs.

Moving to a new address

If you’re moving to McKinney, you can compare energy rates by entering your new ZIP code on this page. Alternatively, if you want to take your existing electricity plan with you, remember to contact your energy provider ahead of time to discuss your move. If your provider doesn’t operate in your new area, you won’t have to pay an ETF.

Switching energy providers

If you want to switch providers, you can do so in minutes on our free marketplace. The first step is to provide us with your ZIP code to explore your plan options. From there, compare electric rates in McKinney, use our filters, and choose the right electric plan for your home or business. Keep in mind that if you’re switching before your existing plan expires, you may have to pay an ETF.

McKinney energy FAQs

Which provider has the cheapest electricity rates in McKinney?

4Change Energy, Gexa Energy, and Frontier Utilities currently have the cheapest electricity rates in McKinney. However, energy prices are constantly changing, so be sure to enter your ZIP code for the most up-to-date McKinney electricity rates.

What is a good electricity rate in McKinney?

That depends on the time of year when you shop. During the spring and fall, rates from light companies in McKinney tend to be at their lowest thanks to lower electricity demands. However, prices spike in the summer and winter, so rates during these periods will be higher.

How can I lower my electricity bill in McKinney?

You can lower your electricity bill by making small changes to reduce your energy usage each month. Maintain your air conditioning so that it runs more efficiently, and turn it up a degree or two so it uses less power. You can also install energy-efficient lightbulbs or appliances to cut your consumption. An alternative approach is to find a plan with a lower rate than your current provider on our marketplace. Take a look at our guide to lowering your electric bill for more ideas.

How do I find the best electric plan in McKinney?

After entering your ZIP code, you can filter your results so you only see the most relevant plans for your needs. For example, if you want to shrink your carbon footprint, use the “green energy” filter. We also provide details about each plan so you can read them before you sign up. With this information, you can decide which electric company in McKinney is best for you.

Why is Texas electricity so expensive?

In short, Texas’s booming population and high demand for electricity during the hot summer and unpredictable winter months make monthly electricity bills more expensive in the state compared to others — even if Texas has lower rates per kilowatt-hour (kWh) nationally.