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Key Points
- McKinney has a deregulated energy market, allowing residents and business owners to pick their electricity provider.
- The utility that serves McKinney and manages power outages in the area is Oncor Electric Delivery.
- McKinney experiences more extreme summers, making spring and fall the best times to search for rates when demand is lower.
- Residents and businesses can use the SaveOnEnergy marketplace to compare energy rates and find the best electricity plans in McKinney.
Power to choose your energy in McKinney
Deregulation introduces competition into the energy market, giving McKinney customers the power to choose their own electricity providers and rates that fit their budget. Unlike in traditional energy markets, where you can only buy electricity from your utility company, deregulated markets allow you to compare plans from multiple energy suppliers to find the best electricity plans in McKinney.
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McKinney electricity rates
Thanks to Texas’ deregulated energy market, residents and businesses throughout the state can choose their own electricity providers and plans. If you live in McKinney, you can use the SaveOnEnergy marketplace to compare plans and rates and find the right fit for you. If you’re ready to start exploring McKinney electricity rates, enter your ZIP code now.
Average McKinney rate based on kWh usage
McKinney electricity rates are measured based on how many kilowatt-hours (kWh) you consume in a month. Depending on the plan type, your energy rate may change according to your energy consumption level each billing period. Based on our marketplace data, the average purchase price for McKinney residents for each usage level is as follows:
- 20.4 cents for 500 kWh
- 15.1 cents for 1,000 kWh
- 16.3 cents for 2,000 kWh
Cheap energy prices in McKinney
Based on data from the Energy Information Administration (EIA), the chart below shows how energy prices in Texas change from month to month. You can use this information to stay informed about electricity trends in your area and switch to a cheap electricity plan at the right time.
How to find the best electricity rates in McKinney
Because electricity prices fluctuate regularly, it’s helpful to use an energy comparison marketplace to keep up with the latest McKinney electricity rates. Here’s how you can use SaveOnEnergy to compare electric plans in McKinney and secure a great rate.
- Explore plans and pricing. Submit your ZIP code to review up-to-date electricity plans in McKinney. From there, you can use the filters to sort by price, plan type, term length, and more.
- Sign up instantly. When you’ve found the right plan, SaveOnEnergy makes it easy to sign up in just minutes. If you have questions, give our team a call at the number on your screen.
- Enjoy the savings. Your new power company will handle the transfer process — all you have to do is sit back and enjoy your new rates.
Energy providers and utility companies in McKinney
In McKinney (and other deregulated cities), there are two types of companies that work together to provide power to your home. Energy providers sell electricity and manage your billing and usage. On the other hand, utility companies transmit power to your home and deal with outages within their service area.
- Utility company in McKinney:Oncor Electric Delivery is the utility in McKinney.
- Electricity providers McKinney: Residents and business owners can choose from numerous McKinney electricity providers, including Constellation Energy, Express Energy, and TXU Energy.
Power outages in McKinney
If the power goes out at your McKinney property, reach out to Oncor (not your electric company) to resolve the issue. Here’s how to contact your utility:
- Submit an outage notification through Oncor’s online portal.
- Call Oncor at 1-888-313-4747.
- Text OUT to 66267.
Electricity rates in my area
Electricity rates differ from place to place, so the price you pay in McKinney could be different from someone in a nearby town — even if you have the same plan and provider. These discrepancies are due to utility transmission charges, which vary by location.
You can use SaveOnEnergy to compare electricity rates in McKinney and get the best price on your plan. Submit your ZIP code to find electricity rates near you today.
How weather affects McKinney electricity rates
Demand for affordable energy increases when the weather is more extreme (like during the summer in Texas, when average temperatures are in the mid-90s). As a result, McKinney electricity rates tend to spike during these periods, eventually falling when conditions are more moderate.
A great way to secure a cheaper energy plan is by switching electricity providers in McKinney, TX when demand and prices are lower. The process of switching is incredibly easy: Just sign up through SaveOnEnergy’s marketplace, and your new electric company will take care of the rest. However, don’t forget to check the fine print on your current plan to be sure you won’t have to pay an early termination fee (ETF) if you cancel before your contract is up.
Types of plans in McKinney
As you explore electricity plans in McKinney, you may notice several different plan types, including fixed-rate and variable-rate options. Below is a breakdown of the most popular options. Not sure which one to choose? Check out SaveOnEnergy’s guide to picking a plan, or call the number on your screen to learn more.
Fixed-rate plans in McKinney
With a fixed-rate plan, you’ll sign a contract with your provider (usually lasting between 12 and 36 months). Your McKinney electricity rate won’t change during this time, but if you decide to cancel early, you’ll probably have to pay an ETF.
Variable-rate plans in McKinney
Variable-rate plans don’t come with a contract or ETF. Instead, they function as month-to-month agreements. Rates will vary depending on the current energy market rates. You’ll pay more when demand is high and less when it decreases.
No-deposit plans in McKinney
If you sign up for a no-deposit plan, you won’t need to undergo a credit check or pay a deposit on your energy plan. Prepaid plans are a popular type of no-deposit plan, requiring you to pay for your electricity usage in advance and top up your account when it’s low.
Green electricity in McKinney
Texas is a national leader in wind and solar generation, which gives McKinney residents plenty of options for green energy plans. If you’re interested in 100% renewable energy in McKinney, look for plans from McKinney electricity providers such as Gexa Energy and Green Mountain Energy.
Business energy plans in McKinney
If your company is based in McKinney, you can also take advantage of the deregulated energy market — and SaveOnEnergy is ready to help. Get in touch today to explore our commercial energy options and build the right plan for your business needs.
Calculate your energy usage in McKinney
When you’re browsing electricity plans and comparing electricity rates in McKinney, it’s helpful to understand your energy consumption habits in order to estimate your costs under a new plan. If you’re unsure how much electricity you typically use, check out our power consumption calculator.
Learn more about how deregulated energy works
SaveOnEnergy’s tips for easy electricity service setup
- Don’t forget to read your plan’s Electricity Facts Label before signing up. It contains important information including:
- Price per kilowatt-hour based on your energy usage
- The plan’s percentage of renewable energy sourcing
- Early termination fees
- Enjoy hassle-free supplier setup. Once your order has been confirmed, your new supplier will set up service with your utility, or transmission and distribution service provider (TDSP) – but don’t worry, there shouldn’t be any interruption to your power during the switch.
- Understanding your electricity bill. Your local TDSP will still deliver your electricity and maintain electric infrastructure including meters and power lines. Your utility fees appear as TDU or TDSP charges on your monthly bill. They are independent of your supplier rate.
McKinney energy FAQs
Currently, 4Change Energy, Gexa Energy, Express Energy, and Frontier Utilities have the cheapest McKinney electricity rates. Check SaveOnEnergy’s marketplace regularly, as electricity rates often vary due to the shifting energy market.
Once you’ve entered your ZIP code on SaveOnEnergy.com, you’ll get a list of electricity rates in your area. On that page, navigate to the left-hand menu and select the filter for “green energy” to find 100% green plans from electricity providers in McKinney.
Before you start shopping for a new provider, take some time to think about what you’re searching for. Is it the power company with the cheapest rates? Green energy options? No-deposit plans? Once you’ve figured this out, you can search, sort, and filter on our energy marketplace to find the provider that best fits your needs.
There are many ways to cut McKinney utilities costs, including sealing up drafty areas in your home, using energy-efficient light bulbs and appliances, and switching to a cheaper electric provider.