Skip to content

Lightning bolt icon Home Energy Rates

Find the Best Electricity Rates in Plano

As a Texas resident, you have the benefit of a competitive energy market. In fact, Texas is one of the only states to allow its citizens to choose their own electric company. But how do you pick the right provider and the best plan? Have confidence in your energy choices by relying on our energy professionals’ years of experience.

Price To Compare makes it easy for people to compare electricity rates in Plano, Texas and make the smartest choice for your home. Own a business, too? You can get a free quote on commercial energy rates and keep the bottom line low on your electricity or natural gas bill.

Plano, TX Electricity Prices

Texas electricity rates are subject to market fluctuations, consumer demand, wholesale energy prices and even seasonal changes. With deregulation, Texas electricity suppliers must compete for consumers, driving down the average cost of electricity while promoting more customer-centric service plans.

Plano energy suppliers use all kinds of strategies to secure your business. Sorting through these complex plans, varying rates, contract lengths, energy sources, introductory rates, bill credits, minimum usage levels, cancellation fees, and more, can be overwhelming.

With our easy-to-use energy marketplace, you can quickly shop electricity plans in Plano, TX and switch electricity providers in less than 5 minutes! Search your Plano zip codes here.

Light Bulb Icon
Pro Tip:

Have your current electric or natural gas bill handy to compare suppliers and rates.

Leaf icon Green Energy Options

Compare the Top Green Energy Plans in Plano

Save on “green” while you go green! Local clean energy production is made cheaper every day due to increasing consumer demand, more innovative technology, and greater production of renewable energy. We’re here to help you find the best green energy prices on the market. Making great energy choices is a breeze!

Let’s look at Plano’s green energy initiatives. Green energy plans for Plano are proving to be successful. Wind turbines, solar panels, and hydroelectric plants are being used to generate electricity and as a result of this, there is a major reduction in the city’s carbon footprint.

The plan is to encourage its residents to do the same. Plano wants to reduce its dependency on fossil fuels, and has done a great job so far because in 2015 it became the second city in Texas to receive recognition for its efforts in green energy. In November of 2020, Plano ranked second as a city producing most of its power from solar energy. All of the providers in Texas provide green energy, which goes to show the amount of effort being put into the green energy initiative.

Price To Compare can connect you to highly competitive renewable energy plans for Plano.

Ready to switch?

Explore local supplier rates today:

Factory icon Suppliers and Utilities

Plano, TX Electric Suppliers

Around 130 Retail Electric Suppliers service Texas. Also called retail energy providers, REPs are responsible for generating or purchasing electricity before selling it to you. Here are some of the most popular ones:

Constellation logo


Constellation is a national supplier of electric power and natural gas. It is a subsidiary of Exelon that services approximately 2 million residential, public sector, and business customers.
Headquarters: Baltimore, MD
Founded In: 1999
Contact: 1-855-797-5685
Direct Energy logo

Direct Energy

Direct Energy supplies electric power and natural gas to four million customers across the U.S. and most of Canada. It was originally founded in Toronto, Canada, but is now headquartered in Houston, Texas.
Headquarters: Houston, TX
Founded In: 1986
Contact: 1-855-461-1926
Tomorrow Energy logo

Tomorrow Energy

Tomorrow Energy is a Houston-based retail provider of electricity and natural gas. It operates in Illinois, Maryland, Ohio, New Jersey, New York, and Pennsylvania. It was originally founded in 2011 as Sperian Energy Corporation, but rebranded in 2018 to Tomorrow Energy.
Headquarters: Houston, TX
Founded In: 2011
Contact: 1-888-682-8082

Plano Utility Companies

In deregulated states, consumers are able to choose their own electric company, but what is the difference between the electric company and your utility company?

Your energy provider and utility company are actually two different things. Texas utility companies are responsible for managing and distributing the energy produced by suppliers.

For instance, the utility company must ensure the power reaches your home by installing and maintaining electricity and natural gas lines. They’re also in charge of responding to power outages.

There are four major utility companies that service Texas. Which one services your home? (Hint: Your utility company is dictated by Plano, TX zip code, not a choice.)

AEP Texas logo

AEP Texas

AEP Texas, a unit of American Electric Power, delivers electricity to over 1 million homes, businesses and industries in south and west Texas.
Headquarters: Corpus Christi, TX
Founded In: 1906
Contact: 1-877-373-4858
Center Point Energy logo

CenterPoint Energy

Centerpoint Energy is a Houston-based electric and natural gas delivery company that services around 2.2 million customers in the Houston area. It also services the states of Arkansas, Oklahoma, Ohio, Mississippi, Minnesota, Louisiana, and Indiana.
Headquarters: Houston, Texas
Founded In: 1882
Contact: 1-800-334-7661
Oncor Logo


Oncor is the largest transmission and distribution electric utility in the state of Texas. It delivers electricity to over 10 million citizens in 420 cities and 120 counties throughout the Lone Star state.
Headquarters: Dallas, TX
Founded In: 2007
Contact: 1-888-313-6862
Texas New Mexico Power logo


Texas-New Mexico Power Company (TNMP) is an electric distribution company that delivers electricity to over 255,000 homes and businesses in North-Central, Gulf Coast, and West Texas. While the company used to deliver electricity to New Mexico, as of 2006, it serves only the state of Texas.
Headquarters: Lewisville, TX
Founded In: 1925
Contact: 1-888-866-7456
Light Bulb Icon
Pro Tip:

Always call your utility company rather than your energy provider in a power emergency.

Gavel icon Deregulation

In 1999, the Senate Bill 7 was put into law in Texas, which paved the way for deregulation in the state of Texas with energy. Energy deregulation means that there is now more than one company that is allowed to supply a city with energy, instead of one company monopolizing the whole market. In 2002, the market opened up and residents were able to choose their own energy supplier.

There are many positives to energy deregulation, including lower electricity rates, as well as the freedom of choice. Energy deregulation holds another benefit-renewable energy. Innovation is something that has come from deregulation in the state of Texas.

Shop Electricity Plans in Plano

Over 290,000 residents live and work in Plano and deserve cheap, reliable electricity. Energy costs change regularly, so let’s walk through the types of energy plans offered in Plano, TX and find the one that’s right for you.

Fixed Rate Plans

Featuring fixed electric rates determined by a contract, your rate will remain consistent regardless of the current electric rate. While the wholesale cost of electricity varies, these plans help keep your budget predictable and affordable, giving you the energy security you need.

Variable-Rate Plans

These rates are determined by the current state of the energy market. You get a cheaper rate when energy is abundant but pay higher rates in times of high demand or low production. These plans offer the flexibility of no contract but are high in risk.

Pre-Paid Plans

Using a smart meter, the customer pays in advance. Then the provider adjusts the account as the energy is used. When the balance runs low, the consumer adds additional funds to an online account and no contract is required.

Green Energy Plans

Don’t let another sunny day go by before you start saving! While you compare electricity rates in Plano, Texas, you’ve got inspiring energy choices. Wind, solar, biomass, geothermal, or hydroelectric, our powerful network connects you to the energy technology of your choice. Power your home while supporting eco-friendly electricity initiatives and local jobs in just a few clicks. Price To Compare can show you how!

We’re here to help you find the best prices available for affordable alternative energy solutions. Price To Compare can match you with competitive renewable energy plans so you can power your home, help the environment, and support eco-friendly electric initiatives at the same time.

Light Bulb Icon
Pro Tip:

Before changing energy suppliers, you need your current electric or natural gas bill, and you need to know the utility company responsible for your area.

Understanding Your Electric Fact Label (EFL)

Your EFL is a document you can use to help compare electricity rates in Plano and make the best decision for your home. It’s similar to a food label, offering a standard format for sharing energy information with consumers, like yourself.

While your EFL sheet might not seem like it’s worth a close read, the opposite in true. To avoid an alarming electricity bill after signing up, you want to make sure you thoroughly review your EFL before making a commitment. Here’s a breakdown of how to read it.

➤ Electricity Price: Reflects all prices billed to a customer, including generation, transmission, distribution, fuel and customer service. Cost is presented in cents per kilowatt-hour (kWh). Electrical usage levels shown represent average usage amounts for residential customers. Read your current electric bill to see your monthly usage.

➤ Contract: Shows the minimum term of the contract in months.

➤ Source of Generation: Identifies source of electricity offered by the REP. Columns compare the specific REP to statewide electric generation.

➤ Emissions: Shares type and percentage of emissions

Pro Tip:

Review all aspects of the EFL before signing up, with special attention to price per kilowatt-hour, early termination fees, % renewable energy sourcing, and other unexpected charges. Need more insights? Read the Public Utility Commission of Texas Electricity Fact Label Guide.

Not sure where to begin? Price to Compare Can Help.

Take comfort knowing our dedicated energy experts have your back. We’ve been in this industry for over a decade and have one of the largest national networks of commercial energy suppliers. With over 50 years of combined executive experience, our team of energy professionals constantly monitor the current landscape for shifts that affect your energy costs. We believe keeping your home or business bright, comfortable, and functioning smoothly should be as easy as flipping a switch!