Whether you’re new to the Frisco area or have been a lifelong resident, choosing your electricity plan is difficult. It’s also one of the most important decisions you’ll make as a renter or homeowner. Selecting the wrong power company could lock you into a lousy contract where you end up paying much more for electricity than you should. Choosing the right plan, however, could save you hundreds of dollars that you can put towards other things.

A big part of the reason that choosing your electricity plan is so difficult is because of deregulation. Deregulation effectively turned the electricity market in Frisco into a competitive market where over 100 companies compete for your business. All of this competition makes it difficult to choose the company and plan that’s right for you. If you’re in the midst of a struggle, contact us at EnerGenie, and we’ll help you through the process.

Electricity rates in Frisco work the same way they do in many other parts of Texas. The company you sign up with takes their cut of the profits and makes sure that any other entities involved with bringing electricity to your home are taken care of. Most retail electric providers supply electricity to your home but don’t deliver it or manage the power poles, electrical wires, or underground cables along the way.

That job falls to your local Transmission and Distribution Utility Company, which is where a small percentage of your monthly bill goes to. However, your retail electric provider will figure this amount into your electricity rate. When it’s all said and done, the current average electricity rate in Frisco is 11 cents/kWh, which is nearly 2 cents lower than the rest of Texas.

There are over 120 retail electric providers in Texas, and many of them are available in Frisco. This includes significant power players like TXU Energy and Direct Energy. If you live in Frisco, Your electricity will be delivered by ONCOR, which is also the company responsible for restoring power after an outage.

There’s no shortage of options when it comes to choosing the right electricity plan in Frisco, Texas. You’ll have access to prepaid, flat-rate, fixed-rate, and variable-rate plans. In fact, many of the companies in Frisco will offer several of these as an option. When it’s all said and done, you could be choosing between over 200 different electricity plans from dozens of companies.

If this seems overwhelming to you, contact us at EnerGenie. We have the technology and knowledge to ensure that your next electricity plan is the best one you’ve ever had.