If you're lucky enough to live in the sprawling Dallas suburb of Frisco, TX, and you need an electricity plan, you've come to the right place. In addition to being home to Lewisville Lake, the National Videogame Museum, and much more, Frisco is also home to a highly competitive and deregulated electricity market. As a result, choosing the right electricity plan is difficult and timely if you don't know how the Frisco market works.
- How Does the Electricity Market Work in Frisco?
- How Much Does Electricity Cost in Frisco?
- What are My Electricity Options in Frisco?
- How to Choose the Right Frisco Electricity Provider
- Is GoodCharlie Energy the Best Electricity Company in Frisco?
How Does the Electricity Market Work in Frisco?
Frisco, Texas, is one of many cities and municipalities in the state that has a deregulated electricity market. Deregulation means that electricity prices and companies aren't subject to government regulations. It also means that residents of Frisco have the power to choose their electricity plan and provider and aren't required to opt for the provider who serves their area. There is, however, one exception to this rule, which we'll get to in a moment.
Despite having a deregulated electricity market, electricity makes it to your Frisco home or business the same way that it does in other parts of the state. Here's how it works.
- Electricity gets created by a power-generating plant using fossil fuels, nuclear energy, or renewable resources.
- This electricity then gets transported from power plants to local transformers and distribution sites by utility companies.
- Retail electric providers (REPs) purchase this electricity from power-generating companies at wholesale value.
- REPs then sell this electricity to home and business owners throughout Frisco at retail value.
- Your REP will work with your local transmission and distribution utility company to ensure that electricity gets to your home or business and your service is activated.
- Your utility company manages the power lines, cables, transformers, and meters that facilitate the travel and operation of electricity.
- In return for your monthly electricity usage, you'll send the money you owe from your electric bill to your REP.
- Your REP will then compensate the power-generating plant and local utility company for their services.
How Much Does Electricity Cost in Frisco?
Your electricity rate will largely depend on who you choose as your retail electric provider. At the time of publication, on average, Frisco residents pay between 12 and 13 cents/kWh for their electricity, but some pay up to 15 or 16 cents. While 12.5 cents/kWh is right on par with the average rates in Texas, you could potentially pay less than this when you contact us at GoodCharlie Energy. At the time of publication, GoodCharlie is offering fixed-rate plans with a rate of 11.4 or 11.6 cents/kWh!
What are My Electricity Options in Frisco?
As we said before, Frisco is a city with deregulated electricity, which means that most residents have the power to choose their own provider. However, there is one exception to this rule, and that's if your electricity is provided by CoServ Electric. CoServ is an electric and gas coop, which means that if your services are provided by them, you'll have to enroll in one of their plans. Aside from CoServ, TXU Energy is the other major power provider in Frisco, and if they provide electricity to your home or business, you have the power to choose your own plan.
How to Choose the Right Frisco Electricity Provider
If you want to choose the right electricity provider in Frisco, there are a couple of things to keep in mind that will help you make the right decision.
Integrity and Transparency
Integrity is the most important quality to look for in an electricity company. Along with integrity, your provider should have plans that are transparent and easy to understand. Otherwise, it's likely that they're hiding something in the fine details of their contract.
The Type of Plan You Need
Aside from integrity and honesty, the most important thing to consider with an electric company in Frisco is that they offer the type of plan you want. You have the option of prepaid, variable-rate, and fixed-rate plans in Frisco, and choosing a plan that fits your needs and usage is paramount.
Rewards and Benefits
Once you find an honest company with the type of plan you want, you should then look at additional rewards and benefits that they offer. Rewards and benefits are incentives that REPs tack onto their plans to entice you to sign up with them. There are many different types of reward packages available, so be sure to choose one that benefits you.
Hidden Fees
In addition to rewards, there are also less glamorous things to look for in an electricity plan. This includes hidden fees, penalties, and other red flags that your REP will likely try to hide within their contract. Hidden fees include early termination fees, activation fees, overuse fees, and minimum usage fees, among others. Reliable companies, like GoodCharlie Energy, don't try to disguise hidden fees or make them difficult to locate in our contracts.
Instead, we list any applicable fees in plain sight so that you don't get surprised by them.
Is GoodCharlie Energy the Best Electricity Company in Frisco?
If you're looking for a new electricity company in Frisco, look no further than GoodCharlie Energy. Here are some of the advantages of enrolling in a plan with us.
- We have competitive rates and comprehensive plans with no hidden fees.
- Each of our plans is available with electricity from a renewable resource such as wind or solar.
- We're the #1 choice for a REP in Texas by pet owners, thanks to our goal of making Texas the best state for a dog to live in.
- Our list of benefits includes 24/7 emergency video vet access, a $750 pet emergency fund, and a monthly donation from us to a local pet shelter.
- Transparent pricing that's easy to read and understand.
- Fixed-rate plans that you can choose based on your electricity usage.
- Outstanding customer service provided by people in Texas and from Texas.
If you've already signed up for an electricity plan and want to switch to us, the process is fairly simple. We'll even help with the process and ensure that the transition is smooth and doesn't result in a loss of power. We might be a newer company, but we're quickly becoming one of the best regarding affordable and reliable energy in Texas.
In addition to our affordable fixed-rate electricity plans, we also have the goal of making Texas a no-kill state. Making dog and cat euthanasia illegal in Texas would save hundreds of thousands of animals per year. Together, we can make this dream a reality!
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