Compare The Cheapest Electricity Rates in Plano, Texas
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Find The Cheapest Energy Plan in Plano
When Energy Deregulation was introduced in Texas in 2002 the energy market completely changed course. This meant that millions of Texans, including residents of Plano, finally had the power to choose their own electric suppliers and take advantage of cheap electric power plans.
With dozens of Energy Companies serving Plano, it is time-consuming and overwhelming to find the optimal plan for your home or business.
SlashPlan has figured out a way to do just that!
We will find the BEST energy plan for you, based on your preferences and historical energy usage patterns.
If you live in Plano, read on to find out how to get the best electricity plan…
Moving to Plano or Just Switching to a Cheaper Electricity Rate?
You can establish a new plan when moving, or even switch electricity providers if you’re staying at the same address. Our goal is to make sure that you, as a consumer, are getting the cheapest and best possible bang for your buck!
With so many options to choose from, it is extremely time-consuming to find the best plan.
Most of the supplier websites show you advertised rates in large text, only to charge you more later!
Why spend the time manually comparing plans when SlashPlan can do it for you?
Using our service will not cost you a dime! Yes, it is completely FREE of charge.
How do we do that?
We monitor hundreds of electricity plans every day and present you with an unbiased comparison that takes into account all the different fees, credits, and discounts that you will receive based on your estimated electricity usage.
Why Compare Electricity Rates?
Many consumers don’t know that the power to choose energy is in their own hands. We can’t blame them though, many new residents are moving to Texas from regulated energy markets.
Electricity companies are there to make a profit, and they will use different methods to charge you more. They use difficult-to-understand pricing tiers and terminology that is now known to the average consumer.
Without using an energy comparison service like SlashPlan you may not be aware of all discounts you can take advantage of, or the hidden fees that will mysteriously show up on your bill.
Let me present you with a common scenario that we see all the time:
Assuming you narrowed down your search to 2 energy companies (Company A & Company B) that both advertise a price of 10¢ per Kilowatt Hour (kWh). You might think that since both companies offer the same price, your bill would be the same. But it wouldn’t!
A standard practice in the energy industry is to offer Tiered Pricing.
So you will only pay the advertised rate if your monthly usage falls under that specific tier.
If we look back at our case, here’s what we mean:
Company A offers the advertised rate when your monthly usage is ABOVE 2000 kWh.
Company B offers this price when your monthly usage is UNDER 1000 kWh.
Now, let’s repeat the question. Who offers the cheaper price?
The proper answer should be — “it depends”!
It depends on your monthly usage, and multiple other factors, such as monthly base charges, usage credits, discounts, time of usage, etc…
Calculating how much you’re ACTUALLY going to pay is impossible without taking all these parameters into account.
That’s exactly what we’re here to solve!
We show you the actual, all-inclusive prices that you can expect to pay on your bill. No hidden charges or surprises!
The best way to shop for electricity is to see all your options in one place, where all the fees and discounts are already included in the final price.
Using our free service, you can now easily find this information in a matter of seconds!
On our comparison page, you can sort, filter, and shop by price at YOUR specific usage level.
To make sure you are not misled by the energy companies, we display all-inclusive prices on our platform. We include all the credits and discounts you will be getting based on your exact usage. Oftentimes, the rates that are advertised online are associated with the highest usage levels, which are usually the lowest. Don’t let these rates fool you. Most households do not reach the usage levels that are needed in order to qualify for these low rates.
SlashPlan has your back! We level the playing field and make shopping for cheap energy rates accessible and easy for everybody!
We’ll provide you with all the information available, showing you the best deals from the most respected, reputable providers in your area offering the best rates, terms, and customer satisfaction.
Even if you aren’t moving, you can save hundreds of dollars a year by switching providers. If you’re not locked into a contract with your energy provider you are likely overpaying.
Check how much you could be saving on your Electric Bill
Best Electricity Plans and Prices in Plano
Please note: The rates above are updated periodically. Current energy rates may have changed since our last update. To get the latest energy rates in your area please go to our comparison page and enter your zip code. Energy rates shown above are for a residential monthly consumption of 1000 kWh in zip code 77043.
Average Household Electricity Rates in Plano, Texas
Homeowners in Texas have been paying an average price of 11.1¢ kWh (Kilowatt/Hour) for their electricity between 2001-2020.
With prices changing all the time, it’s hard to know if you’re paying a fair price.
The rates that you manually worked hard to compile may not be relevant by the time you sign-up. The energy company that gave you the best deal last year may no longer offer the best prices.
Stop wasting time and overpaying for electricity
With SlashPlan you can compare and instantly get up-to-date unbiased energy rates, pre-sorted with the lowest prices showing first.
How To Find A Reliable Electricity Company in Plano?
It’s important to understand that when you sign up for service, your are enrolling with a Retail Electric Provider. Your provider is not in charge of servicing and maintaining your energy infrastructure, and they are not the ones that will fix blackouts or outages. Maintenance is done by a seprate utility company, also called a “TDSP”.
Sounds odd, right?
To keep the energy prices low and eliminate monopolies deregulated markets don’t allow utility companies (aka TDU / TDSP) to sell electricity directly to the end user.
The utility companies are, however, in charge of delivering the electricity to your home, and maintaning the power lines and the energy infrastructure.
For any issues with blackouts, power outages, or the electric meter, you will need to contact the utility company directly.
Why should I care about this anyway?
This means that the power that you receive to your home or business is literally all the same. Regardless of which company sells it to you. There is only 1 utility company that services your address, and they are the only company that delivers electricity to you.
So what are the differences between all the other energy companies?
They all have different structured plans and prices.
Some providers focus on Green Energy, while other focus on offering No-Deposit, or Short Term Variable plans.
Therefore, if you are comparing plans from different providers, as long as their prices are the same, you should focus more on the provider’s customer service and early termination policy.
When you choose a power plan through SlashPlan you can rest assured that you will be working with a quality energy supplier. We verify the providers that we work with and only feature companies that have a strong proven track record and outstanding customer support.
Find The Best Energy Plans in Plano
Not Sure Which Energy Plan Will Work For You?
Other than price, these are the top points to consider when enrolling in a new plan:
Monthly Usage – This will directly affect your effective price. To find the best possible price, it’s best if you have your previous 12-month usage history. You can then input that data into our calculator to find out exactly how much you will pay for the new plan.
Rate Type – Some people prefer a long-term peace of mind that comes with a Fixed Rate plan. Others prefer a more dynamic, sometimes lower rate that changes monthly according to the Electricity Price Index.
Term Length – Would you rather have peace of mind for the long term (12+ months), or would like to stick to a short-term 3-6 month plan?
Green Energy – How important is it to you? Would you like to help the environment by signing up for a Green Energy Plan?
To read more we have a blog with plenty of resources that explain everything you need to know about the energy market and useful cost-saving tactics and tips.
Our comparison tool will instantly tell which plan currently offers the cheapest price, based on your usage and the filters you select.
If you’re still not sure and feel like you need some expert help, contact us today or schedule a free 15-minute consultation with a SlashPlan expert.
What Do I Need In Order To Sign Up?
It’s important to remember that SlashPlan is not your electricity provider. We created a platform that allows you to instantly compare and sign-up (or switch) your electricity service.
When you sign up for a new plan, your new provider requires us to send them some information about you to initiate the enrollment.
We do not store sensitive information on our servers and make sure to protect your private data. We will never sell or share it with anyone!
Most people prefer a streamlined online enrollment, if you feel uncomfortable submitting your information online you can also enroll over the phone.
This typically is the information an electric provider will require you to provide:
- Full Name
- Service Address
- Billing Address
- Social Security Number or Driver’s License Number (to determine if a deposit is required)
- Requested service start date
- Meter Number – The number printed on your Electric Meter. It can also be found on your recent electricity bill.
View Electric Rates For Cities Near Plano
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View Energy Rates By Texas Zip Codes
It’s Your Turn to Save...
As a SlashPlan customer, you can expect savings of 30% on average!
Comparing and finding the cheapest electricity plan should be free, fast, and simple… and now, it finally is.