Enter your zip code to compare Plano electricity rates and electric companies.
This section highlights the average Plano electricity rates for residential and commercial customers.
The Texas legislature approved energy deregulation in 2002 creating the path for competitive energy pricing and market. As a deregulated electricity market, state’s retail energy companies would need to compete - against each other - for the millions of Texas residential and business customers. The goal of a deregulated, or competitive energy market, is to give the power to choose to the consumer – which forced Plano electricity providers to be more efficient and lower costs – and offer improved customer service and lower rates to their customers. Going forward, the home and business customers of energy suppliers would have the ability to switch to a new energy provider (at the end of each contract) to maintain the advantage of the deregulated market.
Texas has had a very healthy market in the new era of competition under energy deregulation. Residents and businesses can shop for electricity plans from a wide array of energy suppliers and shop for the best rate available. This means less money in the pockets of energy companies and more for you.
How do you get the best deal on an electricity plan? We analyzed and digested hundreds of thousands of data points from utilities and suppliers and determined the most basic action you can take is to be pro-active.
Simply by shopping suppliers and rates 6 months before your plan is set to renew can help you save 20% or more on your energy costs. Furthermore we found that most customers, depending on market conditions and usage, are likely to save by switching electric suppliers every 12 to 24 months.
If you are a business in the deregulated energy market of Texas, you now have the power to choose your electricity supplier and your rate. To compete for your business, energy suppliers are forced to be more efficient, as well as offer customer-centric business energy plans with competitive energy rates.
Even though you have the power to choose, it can still be a daunting task. In each specific zip code, today’s commercial customer will have hundreds of plans from at least 20 different energy suppliers to choose from. And although the intended result of deregulation was to lower prices for small businesses, medium businesses and larger enterprise level businesses, it’s not that simple. In many cases, comparing energy plans is still confusing due to the sheer number of plans available, promotional rates that are not apples-to-apples and the legal fine print that details fees and penalties.
Commercial energy customers can maintain control over the process by reviewing their monthly usage and average monthly electricity bill. A good rule of thumb to follow based on the amount of the monthly bill.
If your average business electricity bill is less than $500 per month, then you can get a very good energy rate for your business through a simple online comparison of energy rates.
If your average commercial electricity bill is $500 or more per month, then you will most likely get a more competitive energy rate through a custom quote process. The custom process is exactly that – by providing basic business information, energy usage and submitting a recent electricity bill – EnergyBot can leverage partnerships with suppliers to work on your behalf and secure the best energy rate for your business. Although it will take more time to complete, the custom quote process may deliver a lower energy rate that will add up to big savings for your business.
For Plano businesses, researching energy rates and switching to a new electricity plan can be time-consuming and frustrating. EnergyBot is built to make energy simple and help businesses find the best electricity rate quickly and easily.
Along with saving time, EnergyBot also helps businesses cut energy costs by 15%. As a purely digital company, we eliminate the costly overhead fees and sales commissions that are associated with third party energy brokers.
Renewable energy is becoming more and more viable every day. Several energy suppliers focus completely on green energy plans and even more suppliers offer partial green plans.
We are constantly finding new ways to give Plano businesses and residents more renewable energy options. This includes solar, wind, hyrdo, and even geothermal energy solutions. You can find out more about our green energy solutions here.
Plano has been growing its renewable energy footprint for the past 10 years by subsidizing solar panels and wind energy projects. In fact, the city of Plano joined an elite cohort of almost 30 cities and counties called SolSmart, a national initiative, to help reduce the costs of solar energy.
Finding a new electricity provider in Plano is simple with EnergyBot. Follow these simple steps to
get the lowest electricity rate in Plano.
Enter your zip code at the top of this page and you can quickly see plans from the top Plano
companies. For even better pricing use our data linking tool to pull in your historic usage from your
Energy plans often have long confusing contracts. We don't like teaser rates and tricky terms, so we
filter out the plans that trick customers into bill spikes. Each plan you see on our site has plan
This breaks down the most important information about the plan into a way that is easy to understand.
Once you have decided on a new energy plan for your home business just follow the prompts to confirm. Once you're done, we give you dashboard to see the status of your contract.
Plano energy providers offer rates and plans with a range of options and terms. While you will see
many types of plans for the most part they are in two categories: fixed-rate and variable rate.
Fixed-rate plans will have a set price for the term of the contract. Regardless of weather, natural events, or market volatility, your rate will not change. In most cases, fixed-rate plans have a term length of 6, 12, 24, or 36 months. We recommend fixed-rate plans for most customers.
Variable-rate plan rates may change on a monthly basis based on market factors. Variable-rate plans offer more flexibility but present more volatility in pricing. Price changes may impact your monthly electricity bill in the form of price hikes. In most cases, we do not recommend variable-rate plans.
Known as the Hot Air Balloon Capital of Texas, Plano is the ninth largest city in the state of Texas with a population of 288,061 residents. Located just 20 miles north of downtown Dallas, Plano covers an expansive area of 71.58 square miles.
Plano offers an expansive area of nature preserves covering a total of 1,000 acres. This space is split up into two nature preserves, the Arbour Hills Nature Preserve and the Oak Point Park and Nature Preserve. The Arbour Hills Nature Preserve covers 200 acres of land with three miles of paved hiking trails, three miles of unpaved hiking trails, and 2.8 miles of unpaved biking trails. It also has an observation tower to give a bird’s eye view of the park. The Oak Point Park and Nature Preserve cover 800 acres of land with 8.5 miles of hiking trails and an equestrian area for horseback riding. In the center of the park is a beautiful lake open for kayaking, canoeing, or stand-up paddle boarding from sunrise to sunset. It’s also home to the annual Plano Balloon Festival that even offers skydiving.
Recognized as the “Safest City in America” by Forbes in 2010 and 2011, Plano maintains an extremely high standard of safety. The Police Department led by Police Chief Ed Drain employs 410 sworn Officers and over 200 civilian employees maintain these high safety standards. Plano is also regularly recognized by the National Association of Town Watch, the National Sheriff’s Association, and the U.S. Department of Justice for “Excellence in Neighborhood Watch.”
Founded in 1873, Plano is home to a vibrant economy stemming from it’s close proximity to downtown Dallas. The abundance of jobs in Plano brought down the unemployment rate to just 2.9% in December of 2019, significantly lower than the national average of 3.5%.
Due to Plano’s close location to downtown Dallas, the city quickly emerged as a major hub for various corporate headquarters. These corporate headquarters make up the top eight largest employers in the city employing over 25,000 people between all eight headquarters. This abundance of corporate headquarters also drives an industry that serves traveling businessmen. Roughly 80% of all visitors are business travelers. These travelers help support the local economy and small businesses as well.
Plano is poised to continue its amazing growth with more and more corporate headquarters planning to move to Plano for its economic potential, diverse community and low cost of living.