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Key Points
- Energy deregulation gives you the freedom to choose your electricity rates and providers in Plano.
- Plano customers can choose between fixed-rate plans, variable-rate plans, no-deposit plans, and more.
- Oncor Electric is the utility company in Plano and handles power outages in the area, regardless of your provider.
- To find the best electricity company near you, enter your ZIP code and start comparing plans.
Top electricity providers in Plano
Thanks to deregulation, Plano electricity providers sell the electricity that powers homes and businesses directly to consumers. Instead of buying from your utility company, you can choose a rate plan that works for you from any of Texas’ electricity providers.
Top energy companies in Plano featured on SaveOnEnergy include Express Energy, 4Change Energy, Reliant Energy, and TXU Energy, and others.
Choosing your power in Plano
Texas deregulated its electricity market back in 2002. Since then, residents and businesses in much of the state have had the power to choose their own electricity rates, and providers from top light companies compete to win your business. If you shop strategically, it’s possible to secure a low rate and save on your energy costs.
SaveOnEnergy.com is not affiliated with Power to Choose, powertochoose.org, or the PUCT.
Average residential electricity rate in Plano, TX
According to the Energy Information Administration (EIA), the latest average residential electric rate in Texas is 14.68 cents per kilowatt-hour (kWh), about 8% below the national average of 15.95 cents per kWh. SaveOnEnergy can help you lock in the most affordable rates in Plano. Enter your ZIP code to discover cheap electricity in your area.
In Plano, electricity rates are structured based on usage in kilowatt-hours (kWh). For residential customers, the average purchase price at each usage level is as follows:
- 19.66 cents for 500 kWh
- 14.09 cents for 1,000 kWh
- 15.99 cents for 2,000 kWh
Cheapest residential electricity rate in Plano, TX
SaveOnEnergy features a variety of affordable electricity rates from many trusted providers. The cheapest residential rates in Plano are currently offered by Frontier Utilities, Gexa Energy, Discount Power, and several other providers. However, depending on your energy needs, the cheapest rate may not always be the right fit for you. You can explore various plan types and providers to discover your best option using your ZIP code on this page.
Oncor Electric Delivery: Plano’s utility company
In deregulated cities like Plano, your utility company still delivers your electricity and maintains the local electric infrastructure, regardless of where you buy your power. You cannot choose your utility company as it is assigned based on your location. Oncor Electric Delivery is the utility company in Plano.
Utilities are also responsible for fixing power outages and other electrical emergencies. If you experience an outage or another problem with your electricity, you’ll need to contact Oncor — not your energy provider. Here’s how:
- Call 1-888-313-4747
- Report the outage on Oncor’s online portal
- Text OUT to 66267
Types of plans in Plano
There are a wide variety of electricity plans available in Plano, and there are a few common types: fixed-rate, variable-rate, or no-deposit. Learning more about each option can help you pick the best energy plan for you. You can also call us at the number on your screen to discuss any questions with our energy experts.
Fixed-rate plans in Plano
With a fixed-rate energy plan, you can secure a stable rate for a fixed contract length, usually between one and three years. This type of plan is best for customers looking for pricing stability because your rate will not fluctuate with the energy market. However, you may have to pay an early termination fee (ETF) if you cancel your plan early.
Currently, the Maxx Saver Select 24 plan from 4Change Energy offers the best fixed-rate plan on SaveOnEnergy, at 10.4 cents per kWh.
Variable-rate plans in Plano
With a variable-rate plan, your rate changes monthly as the energy market fluctuates. One benefit of a variable-rate plan is that you’re free to change plans or providers anytime due to there being no contract involved. However, your rate can go up as easily as it can go down.
TXU Energy’s Flex Rewards is a popular choice for variable electricity rates in Plano.
No-deposit plans in Plano
Most energy companies will typically run a credit check, and you may be charged a deposit before beginning service if your credit score doesn’t meet their threshold. With a no-deposit plan, however, you can avoid this initial cost. A prepaid plan is a popular choice, in which you pay for your electricity upfront and top up your account as needed.
Currently, Plano residents have two options on SaveOnEnergy for a prepaid plan: Payless Power offers both six-month or 12-month prepaid plans.
Green electricity in Plano
Texas is a major producer of green energy, generating the second-most solar energy in the U.S. and leading the country in wind power. As a result, all electricity plans in the state feature at least a portion of green energy. If you want a 100% green energy plan from sources like solar and wind, check out Gexa Energy or Green Mountain Energy on our marketplace.
When you search for green energy plans on the SaveOnEnergy marketplace, you can find how much renewable energy each plan contains in the Electricity Facts Label (EFL).
Gexa Energy currently offers the best green energy rates in Plano, with 12- and 24-month plans starting at 10.5 cents per kWh.
Business energy plans in Plano
Business owners can also compare Plano electricity rates and lock in the cheapest commercial plans on the market. SaveOnEnergy offers customized solutions that work for businesses of all sizes. Fill out our business energy form or call the number on your screen to start building a customized commercial electricity plan today.
Moving or switching providers in Plano
The SaveOnEnergy marketplace is a great resource for finding a new electric company in Plano. Whether you’re moving to the Plano area, or you simply want to switch to a new plan or company, we’re here to help.
Moving to a new address
If you are moving to Plano, you have a few options for purchasing electricity. You can transfer service if your current provider still operates in your new neighborhood. Be sure to notify your electric company of your move to ensure a smooth transition.
If your provider does not operate in your new area or you want to choose a new one, compare your options by entering your ZIP code on our marketplace. You can then sign up for a new Plano electricity plan in minutes.
Switching energy providers
If your electricity provider or plan no longer fits your energy needs, you may want to switch providers. Before doing so, determine whether your current provider will charge an early termination fee (ETF) for canceling early. Once the time is right, you can enter your ZIP code and sign up for a new plan on our marketplace. Your new provider will handle the switching process, so you can sit back and relax.
Learn more about how deregulated energy works
Plano energy FAQs
Electricity companies in Plano each offer their own unique advantages. To narrow down your options, you should first determine what you need from an energy provider. Do you want a 100% green energy plan? Do you prefer the flexibility of a variable-rate or no-deposit plan? Once you decide what’s important, you can shop for the best electricity providers in Plano to fit your needs.
As of March 2025, 4Change Energy, Frontier Utilities, and Gexa Energy currently have some of the cheapest electricity in Plano. However, electricity rates change often and vary based on your plan type. Be sure to regularly check rates and plan options using your ZIP code for the most up-to-date rates.
There are many effective ways to save energy and lower your electricity bill, including upgrading to energy-efficient appliances, switching to LED lighting, updating your insulation, sealing drafty windows and doors, and using ceiling fans. You can also use the SaveOnEnergy marketplace to find a more affordable energy plan.
You can easily compare green energy plans from Plano electricity providers on SaveOnEnergy. Enter your ZIP code and filter your search results for green energy to explore what’s available in your location. From there, you can pick the cheapest green energy plan to lock in low rates.