Sherman electricity rates

If you live in Sherman, you can choose your energy provider. Choose Texas Power makes it easy to shop around for electricity plans by providing quotes for providers near you. To shop for your next electricity provider, enter your ZIP code above.

Average residential rate in Sherman, Texas

In Sherman, the average rate on the Choose Texas Power marketplace for 500 kWh in 2024 is 20.16 cents per kilowatt-hour (kWh), marking a 1.7% decrease from 2023. The rates for the 1,000 kWh and 2,000 kWh usage levels are 16.51 cents and 17.32 cents, respectively, which are 5.6% and 2.3% higher compared to the average rates in 2023.

Sherman electric companies

Texas deregulated its energy market in 2002. Since then, Sherman residents have had the ability to choose their energy providers, also called Retail Electric Providers (REPs).

Using Choose Texas Power, you can get quotes for electricity rates in your area and shop for the best plan for you. We work with some of the best providers in Texas to help you find a plan that suits your needs. Providers available in Sherman include TXU Energy, Pulse Power, and Reliant Energy.

You can choose the energy provider that supplies the electricity to power your home, but you can’t choose your own utility company. Your local utility company delivers your electricity and maintains the local electric infrastructure. Your utility company is based on your location. The utility for Sherman is Oncor Electric Delivery.

Types of Sherman electric plans

When you sign up for your Sherman electric plan, you’ll see several different types of plans. Here are some of the most common types of plans:

• Fixed-rate plan: When you sign up for a fixed-rate electricity plan, you sign a contract for anywhere from 12 to 36 months. In that contract, you lock in a rate that you pay for your electricity each month. You aren’t vulnerable to price hikes, but you also don’t enjoy savings when electricity rates are low.
• Variable-rate plan: Unlike a fixed-rate plan, a variable-rate electricity plan doesn’t allow you to lock in a rate. Instead, it will change each month based on the current wholesale electricity price. The good news is that during times of low demand, your price will drop. But when demand is high, you’ll see your rate spike.
• No-deposit plan: In many cases, energy providers require that you pay an upfront deposit for your electricity plan. But some providers also offer no-deposit plans. A popular type of no-deposit plan is a prepaid electricity plan, which allows you to skip the deposit and pay for your electricity upfront.

Sherman electric rates in my area

Electricity rates vary across the state of Texas. The rate someone pays in one part of Texas could be entirely different from what you pay in Sherman, even for the same plan. These price differences are largely a result of different utility transmission rates, taxes, and fees. To make sure you are getting the most accurate price quote, enter your ZIP code above and see the rates in your area.

Sherman commercial electricity rates

It’s not just individuals in Sherman who enjoy the deregulated energy market. Businesses also get to choose their energy providers too. If you’re a business owner in Sherman, visit our commercial energy page to learn more about commercial energy plans and get a quote for your business.

Green energy plans in Sherman

Texas is a leader in renewable energy. The state is the top producer of wind energy in the nation and ranks second for solar energy generation. As a result, Sherman residents have an easy time finding green energy electricity plans.

Each Texas electricity plan includes a percentage of green energy. You can find the exact percentage in the plan’s Electricity Facts Label (EFL). Some companies specialize in offering 100% green energy plans, such as Gexa Energy, Green Mountain Energy, and Chariot Energy.

Are you moving to Sherman?

Are you planning a move to Sherman? This small city has a lot to offer, especially when it comes to outdoor activities. It also has a deregulated energy market, meaning you can choose your electricity provider.

Depending on where you’re moving from, you may be able to keep your current energy provider. But if you’re moving from out of state or your current provider doesn’t serve Sherman, then you’ll have to shop for a new provider. Enter your ZIP code above to see the plans in your area and get energy quotes before you move.

Sherman energy FAQs

Which provider has the cheapest electricity rates in Sherman?

Electricity rates are available in Sherman for as low as 11 cents per kWh, with Express Energy, Gexa Energy, and Frontier Utilities offering the cheapest plans. 

Where can I compare Sherman electricity rates?

You can use Choose Texas Power to shop around for electricity rates. All you have to do is enter your ZIP code, and you’ll see a list of the cheapest rates in your area side-by-side for easy comparison.

What is the average electric bill in Sherman?

The average electricity rate in Texas as of September  is 14.96 cents per kWh. The average monthly bill is $171.44per month.

How can I lower my electricity bill in Sherman?

One of the easiest ways to lower your electricity bill is to shop around for a cheaper electricity plan. By choosing a plan with a lower rate, you could significantly lower your monthly bill. Other popular ways to lower your bill include installing a smart thermostat and reducing your daily energy usage.