Compare Frisco Electricity Rates

Frisco Electricity Rates

Residents living in Frisco, Texas have the power to choose their electric supplier. Frisco electricity rates fall under the Oncor utility service area and are among the most competitive in the country. In 2002, Texas passed legislation known as Texas Senate Bill 7 (SB7) that unbundled the responsibilities of the utility companies. This opened the door for competing electric suppliers to offer generation services to electricity markets around Texas. Frisco residents now have the luxury to select between energy plans and choose the lowest rates on the market. Both residential and commercial companies can benefit from energy choice.

The city of Frisco is located 30 miles north of Dallas and has a population of just above 200,000. In 2017, the city was one of the fastest-growing cities in the United States. Just like other cities in Texas, Frisco has a subtropical climate with humid summers and cool winters. The top employer is the Frisco Independent School District.

Oncor Utility Serves Frisco

If you plan on moving to Frisco, then plan on setting up an account with Oncor. Oncor is a utility company that is responsible for maintaining the power lines to safely deliver electricity to homes and businesses. The delivery charge in Texas is known as the Transmission and Distribution Utility (TDU) charge and represents the regulated section of the electric bill. Frisco residents will not be able to select another utility company. Given the logistics involved, it will be impossible to change utilities.

Contact Oncor for Power Outages

Oncor is responsible for resolving all power outages in its service area. This covers the entire city of Frisco. Given the advancements in technology, power outages can usually be detected and fixed within hours. However, if you experience a prolonged outage then you will need to report the issue to Oncor.

Oncor contact information: 1-888-313-4747

Understanding the Electric Bill

The electric bill consists of the TDU charge and the supply charge. If you decide to change energy providers, then you will still receive one electric bill from the utility company (Oncor). This method of billing is known as single billing and is the most common in all deregulated electricity markets.

Supply Charge – The supply charge represents the deregulated section of the electric bill and is the cost of generating the electricity that the customer is estimated to use during the billing period. Thanks to SB7, Frisco residents can shop around for a lower supply rate.
TDU Charge – The Transmission and Distribution Utility (TDU) charge represents the regulated section of the electric bill. This cost is charged to the customer by Oncor and is overseen by the Public Utility Commission of Texas.

Electric Companies Based in Texas

There is no better place to live than the great state of Texas. This also applies when it comes to choosing an electric supplier. Texas is known as the energy hub of the world for good reasons. With well over a dozen energy companies, shopping for an electric supplier was never easier. The majority of companies are based in Houston, Dallas, and the surrounding areas. Whether you’re shopping for the lowest rate on the market or prefer a 100% renewable energy plan, you can be sure to find a supplier that is right for you.

Choosing an Electric Supplier

There are many benefits to living in a deregulated service area. The obvious benefit is locking in a lower rate and saving money on the electric bill. However, energy choice also allows the customer to select from energy plans that meet their specific needs. For example, more energy suppliers are offering 100% renewable energy plans to their customers. Green energy plans generate electricity from renewable energy sources that include solar, wind, biofuels, hydropower, etc. If you’re looking to reduce your carbon footprint then locking in a 100% renewable energy plan might be right for you.

There are a few questions you need to ask that can help you select a new energy supplier

What is the Electricity Facts Label (EFL)?

The Public Utility Commission of Texas (PUCT) requires energy suppliers to provide customers the Electricity Facts Label (EFL). The EFL lays out the terms and conditions of the energy plan and will include information such as energy rate, additional fees, early cancellation fees, and term length. The EFL helps consumers compare energy plans so they can choose the one that is right for them.

Is There an Early Cancellation Fee?

Most energy plans will include an early cancellation fee. Some will charge the customer a flat fee regardless of how many months are left in the agreement. Other cancellation fees may charge the customer based on how many months are left in the agreement. If you’re not careful and cancel before the expiration of the energy plan, you may be hit with a hefty charge. Some cancellation fees can run up to $300.

Short-Term vs. Long-Term Plans

Deciding whether to lock in a short-term or long-term rate may have a lot to do with current energy prices. The energy market can be extremely volatile. If the market takes a dip, it’s not a bad idea to lock in a long-term rate. This will protect you against any increase in the energy market. However, if the market keeps dropping there may be a chance you will be stuck paying a higher rate. Short-term energy plans can help consumers take advantage of a decreasing market. However, short-term plans expose the consumer to the volatility of the market and offer no protection against a rising market.

Can I be Billed Twice by Separate Energy Suppliers?

No, it will be impossible to receive two separate electric bills for the same billing period. The utility company (Oncor) is responsible for overseeing the switch in Frisco. Single billing is the most common form of billing in deregulated energy markets. Once the customer signs up with a new supplier, Oncor will oversee the switch. The old energy supplier will not have access to your meter and will not be able to deliver the power to your home or business.

What Happens at the End of my Energy Plan?

It is common for energy companies to switch their customer to a variable month-to-month plan after the initial agreement expires. Once this happens don’t be surprised to have the rate double or even triple in a single billing period. It’s recommended to lock in a new energy plan a month before the initial term expires. This will protect you against any surprises on the electric bill.

Take Advantage of Energy Choice

Residential and commercial customers living in Frisco should take advantage of energy deregulation. Energy choice gives more options to consumers. Whether it’s deciding to lock in a long or short-term rate or selecting a 100% renewable energy plan, energy deregulation opens the door to options that were not available to the consumer during regulation. The most important advantage is the lower energy prices that come about with competition. When suppliers compete, consumers win.