Your power to choose electricity in McKinney

In a traditional energy market, energy customers have to purchase electricity from their local utility company. However, the deregulated energy market in Texas gives you the power to choose from various electricity companies in McKinney. You can browse different electricity plans in McKinney to get the electricity rate that best suits your needs.

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Average residential rate in McKinney, TX

In McKinney, the average rate on the Choose Texas Power marketplace for 500 kWh in 2024 is 19.03 cents per kilowatt hour (kWh), marking a 6.2% decrease from 2023. The rates for the 1,000 kWh and 2,000 kWh usage levels are 14.51 cents and 16 cents, respectively, which are 7.6% and 3.6% lower compared to the average rates in 2023.

Best McKinney electricity providers

The Choose Texas Power marketplace can help you find the best energy plan near you without you needing to search on each individual company’s website. Our site features competitive plans from power companies in McKinney, including 4Change Energy, Constellation Energy, and TXU Energy. You can easily compare reviews, terms, and plan details and sign up in minutes hassle-free all in one place.

McKinney utility company

In a deregulated market, your utility company plays a different role than your energy provider, and is assigned to you based on where you live. While your electricity provider takes care of your account and billing, utilities maintain the local power infrastructure and handle 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.

Types of McKinney electric plans

Electricity companies in McKinney offer several types of plans to help you choose the best option for your home or business. Here are the most common plan types:

• Fixed-rate plans: This plan type secures your rate for the length of your contract, which usually lasts 12, 24, or 36 months. It protects you from price spikes in the energy market by giving you a fixed rate, which is ideal for the homeowner looking for a long-term and predictable plan. However, you’ll likely be required to pay an early termination fee (ETF) if you cancel early without moving out of the service area, so read your plan’s Energy Facts Label (EFL) to understand your electricity bill and 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, such as in the summer or winter months. However, you can also save money when demand is low, like in spring and autumn. 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 a short-term renter.
• 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.

Understanding McKinney electric rates

Electricity rates can vary depending on multiple factors. Your location and utility company affect your electricity rates, so you could pay a different rate from someone else on the same plan in a different area. Use your ZIP code when searching for McKinney electricity rates to ensure you’re comparing energy plans true to your area.

Enter your ZIP code on this page to see energy rates from electricity providers in McKinney.

McKinney 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 or by filling out our commercial energy form to receive help with a customized energy plan for your business.

Green energy plans in McKinney

Texas leads the nation in green energy, producing a significant portion of the country’s wind and solar power. The Lone Star State ranks second in the U.S. for solar energy production and first for wind. As a result, McKinney residents have numerous options to power their homes with clean and renewable energy.

Thanks to this focus, every electric plan in Texas includes a percentage of green energy. You can find the exact amount of green energy in your plan’s Electricity Facts Label (EFL), which shows you all the details of a given plan so you know what to expect before you buy.

Some companies go even further, offering 100% green energy plans for people who are interested in lowering their carbon footprint. If you’re interested in a 100% green energy plan from an electric company in McKinney, Gexa Energy and Green Mountain Energy both offer fully renewable plan options on the Choose Texas Power marketplace.

Moving or switching providers in McKinney

Situated in the Dallas–Fort Worth metroplex, McKinney is a sizable suburb with a population of more than 207,000 people. 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 new home.

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 service your new area, you won’t have to pay an ETF if you’re breaking your current contract early.

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 so that you can see 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?

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.