These are residential electric rates in Plano, Texas.  Rates are updated daily.

[rates_by_city state=’tx’ city=’plano’ class=’tx’]

Below are rates for homes (want business rates?) in Plano, Texas as of January 2016. Rates change often, so call 800.974.3020 or shop online to confirm today’s rates:

In the 1940s, people were drawn to the area now known as Plano because of its available land grants and fertile soil. The Houston and Central Texas Railway helped to increase local population and trade, but in 1881, a fire destroyed many buildings in the business district.

Citizens remained optimistic and focused on rebuilding what was lost. Now, Plano is one of the only destinations in the U.S where one can find many fortune 1000 company headquarters like, Alliance Data, Dr. Pepper Snapple Group, and J.C Penny.

Energy Deregulation in Plano

Many areas in Texas have energy deregulation laws, which give consumers the power to negotiate the supply of energy from their utility. Prior to this, utilities in the U.S were large conglomerates that thrived on the rising cost of energy. Energy deregulation ensures that the industry remains stable and offers more competitive rates to its customers through a variety of plans and options.

Plano Electricity Providers

Residents of Plano have the option to choose their Retail Energy Provider (REP). Below is a list of some of the REPs who currently offer supply services in the area:

  • Amigo Energy
  • Bounce Energy
  • Champion Energy Services
  • Direct Energy
  • Entrust Energy
  • Gexa Energy
  • Green Mountain Energy
  • Just Energy
  • Reliant Energy
  • TXU Energy
  • Tara Energy
  • TriEagle Energy
  • Stream Energy

The city government also offers a Smart Energy Loan program to help reduce energy bills. It offers various financing options so that customers can upgrade their homes and make them more energy efficient.

Plano?s Energy Industry

The city of Plano is located near the Barnett Shale oil and gas formation. The formation is made up of sedimentary rocks and lies beneath at least 17 counties in the state of Texas. The development of horizontal drilling made it easier to access this natural resource and many cities benefit from its mining.

As a result, the energy exploration industry is well established in Plano. Companies like, Texakoma, Denbury Resources, Invensys Process System and Murchison Oil & Gas are well known in this area of the United States.

Other Major Industries in Plano

Regional Offices ? In addition to several fortune 1000 headquarters, many other regional offices have roots in Plano. These companies include, Ericsson, Pizza Hut/Yum Restaurants International, Dell Services, Hewlett Packard, and PepsiCo. These companies provide employment to many residents, some of who move to Plano for the lucrative business opportunities.

Financial Services ? Financial institutions and banks such as, Hyundai Capital America, Transwestern, Bank of America Home Loans and Capital One are drawn to Plano due to its affordability and skilled workforce.

Electronics ? The first microchip was developed very close to Plano. Now, there are many manufacturers and distributors of circuit board assembly.

Additional sectors and markets include:

  • Business Services
  • Digital Media
  • Health and Medicine
  • Telecommunications
  • Software & Information Technologies
  • International Business
  • Manufacturing

Quick Plano Stats

A neighbor to both Dallas and Fort Worth, Plano holds it own as the ninth largest populated city in America. Below are a few more stats on this affluent city:

Total Population: 259,841
Land Area: 71.6 square miles
Total Number of Households: 100,136
Median Household Income: $82,484
Median Age: 36.7
City Owned Parks: 3830.81 acres
Labor Force: 2,311.6 (in thousands)
Job Growth (in 2012): 2.6%
Cost of Living: 11.7% (greater than the national average)

Did you know?
Tourists love to visit Plano for the lush green parks that sprawl across large areas of the city. It also provides relaxing, family friendly entertainment. Did you know that:

  • Annual Plano Balloon Festival draws around 90,000 spectators every year. The proceeds provide funding to many local nonprofit organizations.
  • In order to increase the city?s international presence, and promote multiculturalism, Plano hosts an annual International Festival.

Plano’s Major Utilities

There are a few major utilities that provide services to residents and businesses within the city. They include:

CoServ Electric ? 1-800-274-4014
Oncor ? 1-888-875-6279
Farmers Electric Cooperative ? 1-800-541-2662