McKinney Electricity Rates, Plans & Suppliers
The cheapest McKinney electricity rate is 11.6 ¢/kWh, 43% lower than the average rate of 20.3 ¢/kWh.
80% are choosing plans with a contract length of 12 months, with 36 month contracts being the second most popular choice at 36%.
The average electric bill in McKinney is $130, with average electricity usage of 1100 per month.
Recommended McKinney Electricity Plans
Compare McKinney Electricity Rates
We've researched the best providers and plans so you can find a great electricity rate in McKinney
| Company | Term | Rate |
|---|---|---|
| Frontier Utilities | 12/months | 11.8¢/kWh |
| Gexa Energy | 12/months | 11.8¢/kWh |
| Discount Power | 24/months | 11.9¢/kWh |
| Cirro Energy | 24/months | 11.9¢/kWh |
| 4Change Energy | 24/months | 12.8¢/kWh |
| Express Energy | 24/months | 12.8¢/kWh |
| Chariot Energy | 36/months | 13.2¢/kWh |
| Veteran Energy | 24/months | 14.5¢/kWh |
| Amigo Energy | 24/months | 14.5¢/kWh |
| Just Energy | 24/months | 14.5¢/kWh |
McKinney's Top Electricity Companies
TexasElectricityRatings, rates the top electricity companies in McKinney
| Rank | Provider | Stars | Award | |
|---|---|---|---|---|
| #1 |
|
Champion Energy Services |  |
|
| #2 |
|
Payless Power | |
|
| #3 |
|
Constellation |  |
|
| #4 |
|
Gexa Energy | |
|
| #5 |
|
4Change Energy | |
|
Video - What is The Best McKinney Electricity Rate (June 2024)
How to Switch Electricity Companies in McKinney?
Switching Electricity companies is simple and seamless with no interruption in service.
- When is it Time To Switch Your Power Company: Check your electricity company contract's end date, if you're within 45 days you may forward switch, or within 14 days you can switch without penalty. Your retail electric provider is required to notify you at least 30 days before a contract expires.
- Compare electricity rates McKinney:If you can find a cheap new rate is dramatically lower it may be worthwhile to switch early and pay the ETF. Lets say youre on a 17 cent rate and youve found a great 11 cent rate. At 2000kWh per month at 17 cents is $340 and 2000kWh at 11 cents is $220. You could save $120 in the first month - so the $60 ETF is worth taking a hit on.
- Switch Electricity Company: Once you find a great McKinney electricity rate and want to lock it in, you can schedule a forward switch up to 45 days in advance. Ensure you get proof of switch order and date, (you should get an email) and retain any emails for your records.
Are You Moving to McKinney?
Texas has a deregulated electricity market. That means McKinney Electricity Companies compete for your business. Just like cellphone, Internet, Insurance and credit card companies that compete for your business. And just like those businesses there are plenty of ways that Texas electricity companies can take advantage of you, so we've made it easy. We've rated, ranked, and recommend McKinney's best electricity companies and electricity plans that will make your move easy.
Getting your power turned on in McKinney is easy. If your home has a smart meter, we can get your power turned on in 4-6 hours. Just enter your zip code to get started.
Compare Local Electric Rates
When shopping for electricity, you will see that rates and plan availability may vary by location. This is due to differences between local utility transmission and delivery fees.
That's why you need to enter your zip code to compare electricity rates in McKinney.
McKinney Energy Plans
There are over 200 plans across 40+ providers currently available in the McKinney Market. They range from 1 month variable rate plans to 60 months in duration. The easiest way to break all this down is into three categories.
Fixed Rate Plans
Fixed rate plans have terms ranging from 3 to 36 months, and provide a "fixed" rate for your electricity usage.
Variable rate or Month to Month plans
Variable rate plans change on a monthly basis. They are good for those who need short term flexibility,, and cannot commit to a long term contract. Variable rate plans change monthly and may double or triple if there is a weather event. (And we've had a few in the last 5 years). We do not recommend these plans.
Pre-paid Plans
For those who have not built credit, or want to avoid paying a deposit, there are pre-paid plans. Prepaid plans require that you establish an account and fund a balance. Usually $25-$50. Once the account is funded, your electricity is turned on and every day your balance is reduced by the cost of electricity used that day. The provider will contact you via text, app and automated calls to add money to your account as the balance changes.
Electricity Plan Types in McKinney
Now that we have explained TDSP rates, the second thing to consider is the type of electricity plans a customer can buy. Each plan will likely end up having different rate scales. There are three types of electricity plans you can choose from when selecting an energy plan that best fits your needs.
Fixed Rate Electricity Plan in McKinney
Lock in low energy rates for a period of months ranging from 9 to 36. Be aware that these contracts typically charge an early termination fee if you switch before your term ends.
Variable Rate Electricity Plan in McKinney
Month to month contracts with rates that vary. You won't have to worry about deposits or early termination fees, but rates can decrease or increase from month to month.
Pre-Paid Electricity Plan in McKinney
You deposit money into an account that your energy company bills directly depending on your use. Keep in mind there are often daily charges with these plans. Rates typically change from month to month.
There are other kinds of plans, such as green plans, or plans that come bundled with things like Smart Thermostats, but for the most part, these three plans are the main three kinds of choices available.
Compare Business Electricity Rates in McKinney?
You have the power to choose your Commercial and Small Business Electricity Rates in McKinney. The Texas Electricity Ratings commercial electricity marketplace is exclusively for business electricity customers looking to start commercial service or compare their existing commercial electricity rates.
McKinney business electricity rates are some of the lowest in the US and are 20-30% less than residential rates. So, if you're starting a business in McKinney or just want to compare commercial electricity rates and shop the market for a better rate, you could save thousands each year by shopping for a lower rate.
Commercial Electricity Rates in McKinney
Renewable and Green Energy Options in McKinney
Over 30% of the energy produced in Texas is from renewable energy resources such as solar, and wind. In fact, Texas produces more green energy than any other state. And is one of the reasons that Texas has some of the lowest electricity rates in the US.
Every Texas energy provider has about 20% green energy in their mix of energy sources. You can see this in the Fuel Mix section of any Texas Electricity Plan EFL (Electricity Facts Label).
Most Texas electricity companies have a 100% green / renewable energy plan, where 100% of the energy you buy supports renewable energy generators. Some McKinney electricity companies are exclusively green, where every plan is 100% green and prices and rates support 100% green energy and renewable generation.
The 3 types of renewable energy plans to select from:
- Green energy term plans:
- These are similar to traditional 3 to 12 month term plans with 100% green energy.
- EV Charging Plans:
- Plans targeted at EV owners that are "Time of Use" where you pay low rates at night (between 11PM and 5AM) and a higher rate during the day.
- Solar Buy Back Plans:
- Plans that allow homeowners who own their solar panels to sell excess power back to their provider or offset their electricity bill with excess power generated by their solar panels and may earn bill credits of up to .25 cents per kWh exported back to the grid.
Five Green Electric Plans for McKinney
| Company | Term | Rate |
|---|---|---|
| Gexa Energy | 12/months | 11.8¢/kWh |
| Chariot Energy | 36/months | 13.2¢/kWh |
| APG&E | 24/months | 15.5¢/kWh |
| Rhythm | 24/months | 16.1¢/kWh |
| TriEagle Energy | 36/months | 17.2¢/kWh |
What if I have Bad Credit or Cant Afford A deposit
There are several no deposit light companies in McKinney that can get your lights on tonight. No deposit electricity plans require that you prepay for your electricity. You can order online, and deposit a small amount - generally $25-$75 and get your lights on in a few hours. Once youve ordered service, you download an app and that reminds you when you need to deposit more money to keep your lights on.
| Company | Term | Rate |
|---|---|---|
| Payless Power | 12/months | 18.7¢/kWh |
| Payless Power | 6/months | 19.3¢/kWh |
McKinney Electricity Outage Information
If you have a power outage, or any issue with your home's electrical delivery, you should contact your local electric utility for assistance, Centerpoint Energy - 713-207-2222, Oncor Energy - 888-313-4747, AEP Central/AEP North - 866-223-8508, or TNMP - 888-866-7456
Contact the Texas Public Utilities Commission with any other concerns: PUC Customer Protection, P.O. Austin, TX 787111-3326. Phone: 1-888-782-8477, Email at customer@puc.texas.gov
TDSP's - Transmission and Distribution Utilities
Compare Business Electricity Rates in McKinney?
You have the power to choose your Commercial and Small Business Electricity Rates in McKinney. The Texas Electricity Ratings commercial electricity marketplace is exclusively for business electricity customers looking to start commercial service or compare their existing commercial electricity rates.
McKinney business electricity rates are some of the lowest in the US and are 20-30% less than residential rates. So, if you're starting a business in McKinney or just want to compare commercial electricity rates and shop the market for a better rate, you could save thousands each year by shopping for a lower rate.
Commercial Electricity Rates in McKinney
Find rates for your zip code in McKinney
FAQ: McKinney Rates, Plans and Providers
What McKinney Constellation electricity plans are available?
The following rates are available from Constellation
What is a cheap Just Energy electricity rate in McKinney?
- Base Saver III - 24 is the cheapest rate from Just Energy. It is a 24 month plan with a rate of 14.500 cents per kWh.
You can order the Base Saver III - 24 plan here on TexasElectricityRatings without hassling with the state-run powertochoose.org website
Champion Energy Services offers these plans in McKinney
The following rates are available from Champion Energy Services
Champ Saver-24 16.20 cents per kWh Free Weekends-24 16.30 cents per kWh Champ Saver-12 16.80 cents per kWh Green Energy-24 17.40 cents per kWh Is it true that 4Change Energy has a low price in McKinney?
- Maxx Saver Select 24 is the cheapest rate from 4Change Energy. It is a 24 month plan with a rate of 12.800 cents per kWh.
We recommend you compare electricity rates in McKinney and see if this plan is right for you.