These are residential electric rates in McKinney, Texas. Rates are updated daily.
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In 1849, a man named William Davis donated 120 acres of his land to build a town, later named McKinney. This Texas city was named after Collin McKinney, the oldest signer of the Texas Declaration of Independence. For over a hundred years, the town gained its reputation as the county?s main industrial hub. It provided farmers with corn, flour, cotton gins, cotton mills and more. Churches, banks, schools, and newspapers thrived alongside larger businesses like, an ice company, textile mill, dairy and clothing manufacturing company.
In 2014, Money Magazine appointed McKinney as the number one place to live in the United States. Situated 37 miles north of Dallas, the city also holds its own as a popular tourist destination. As one of the fastest growing cities in America, this once small town is now home to many modern businesses, and a historical downtown, with buildings that date as far back as the mid-1800s.
McKinney Electricity Providers
Energy deregulation came into affect in Texas in 2002 due to new legislation. These laws brought about a change in the way some utilities do business with their customers. While utilities are still responsible for the delivery of energy, as well as the maintenance and safety of their products, the entity responsible for supplying electricity changed.
Energy consumers can now select their energy supplier. This includes energy companies or Retail Electric Providers (REPs) who often offer lower rates, plans, and other special offers to remain competitive in the market.
McKinney has many REPs throughout the city, some of which include:
- 4Change Energy
- Amigo Energy
- Beyond Power
- Breeze Energy
- Cirro Energy
- Discount Power
- Green Mountain Energy
- Infinite Energy
- Our Energy
- Pennywise Power
- Power Express
- Spark Energy
- StarTex Power
- Summer Energy
- Texans Energy
- Volt EP
McKinney is a city where energy deregulation applies to most residents. It is important to understand that only 85% of Texans have the option to choose their REP. Some areas are not currently eligible and still need to receive their energy supply from their local utility. To determine whether or not you live in an energy deregulated area, you can always contact your utility for options, or check out the Texas state Power to Choose program.
McKinney?s Energy Industry
In 2011, McKinney teamed up with TXU Energy to support an electric vehicle market program. They implemented a charging station at the Roy and Helen Hall Library, with plans for additional stations at their Senior Recreation Center, and Development Services and Public Work offices. This project was supported by McKinney?s Office of Environmental Stewardship, which has since been disbanded and moved into other areas of the city?s government.
While the city is close to major sources of energy production, its economy is primarily supported by other industries.
Other Major Industries in McKinney
There are several major industries in McKinney. Each contributes to the increase in the city?s population and economic growth and include:
- Clean manufacturing
- Corporate offices
- Healthcare and medical device manufacturing
To encourage development, the city offers several initiatives to businesses. These include guaranteed incentives like, no personal income or corporate income tax, and assistance based on approval. Organizations can also apply for state business assistance, which includes the Texas Enterprise Fund, and Texas Emerging Technologies fund.
Quick McKinney Stats
Demographics are an important element to any city. The information is often and important tool in determining how to best run and improve different communities. The following list is an example of a few key stats for McKinney:
Total Population: 156,767
Land Area: 62.21 square miles
Total Number of Households (2000): 47,915
Median Household Income: $81,894
Median Age: 32
City Owned Parks: 42
Average Temperature: 65.7 degrees Fahrenheit
Cost of Living: 20% higher than the Texas average
Did you know?
With over one hundred years of history, there is more to McKinney than its thriving economy, growth and energy deregulation laws. The following is a quick list of several interesting facts about this quaint town:
- The city supported the very first two green building initiatives. An environmental-experiment Wal-Mart and an environmentally conscious Toyota dealership.
- The historic section of the city has around 1,400 buildings, each with its own ghosts, legend and lore.
- Benji, Shark Tank, HGTV and Prison Break all shot on location in McKinney.
- Third Monday Trades Days is the largest and oldest flea market in North Texas.
McKinney Major Utilities
In McKinney there are a few utilities that supply the delivery of electricity to homes and businesses. These utilities include:
Oncor – 1-888-313-6862
CoServ Electric 1-940-321-7800
While REPs are responsible for the supply of energy, utilities take care of managing emergency situations. If you experience an power outage or a see a downed power line in your area, immediately contact your utility for assistance.