How Energy Deregulation Affects Electricity Rates & Energy Plans in McKinney
One great benefit of living in the city of McKinney is that it is in a deregulated area. Deregulation means that you have the power to choose your energy plan and provider with cheap electricity rates. Energy companies everywhere are competing for your business, and one of the ways they try to grab your attention is by offering unique benefits with low rates. This is great news for you. With energy deregulation, you have the ability to choose the energy plan that best fits all your needs at the lowest price.
Energy Outlet helps to eliminate your stress when it comes to shopping for energy. We are here to ensure that you are comfortable and confident when making your decision on what energy plan to choose.
How Climate Affects Electricity Rates In McKinney
If you have lived in McKinney, you will know the summers are burning hot, and by the end of July, you are ready for a break from all this heat, then come to find out August is predicted to be even hotter. This long span of heat will leave you wanting low temperatures indoors. The average McKinney high temperature in August, typically the hottest month, is 96.4 degrees Fahrenheit. The average high temperature for the entirety of the summer is 94.7 degrees while the average low is a high 75.4 degrees. The record heat in McKinney is 111 degrees, only nine degrees below the Texas all-time high of 120 degrees.
The demand for cool air shoots through the roof during this time. This means, when the heat rises, so does the electricity bill. While electricity rates are rising, it is important to make sure you are set with a great energy plan that will allow you to stay cool without hurting your wallet.
The winters in McKinney tend to be mild and dull. While the weather is not typically brutally cold, there are times when the temperature suddenly drops during January and February. Although the winter is not freezing, it dramatically contrasts the brutally hot summers. In January, the average low temperature is 37.3 degrees, and the average high is 56.8 degrees. As temperatures decrease, members of the household tend to be less active as well. Throughout the winter, most people like to stay inside to avoid the cold weather. The electricity usage can increase from technology use, lights left on for long periods, and heaters working harder to heat the house.
The holidays are also a time of significant energy use, meaning your bill will likely go up. With families coming in to visit, there will be an extra use of water, heat, and more lights on. The holidays also call for a lot of extra cooking and decorative lights, both huge energy drainers.
Finding the best energy plan and low electricity rates are essential to ensure you are getting the best energy prices all year round. Energy Outlet is here for you. Let us help you find the best energy plan to allow you to save during each season.
McKinney was established in March 1849 by William Davis and named after Collin McKinney. It was rated one of the best places to live. The current population is approximately 181,000. It is a wonderful city and was voted one of the best places to live in America.
Green Energy Options in McKinney
Green energy is a type of renewable energy that comes from natural resources such as the sun, wind, water, and geothermal heat. These resources are infinite, meaning that they can be used over and over again. Green energy is clean and efficient, making it a great alternative to traditional energy sources.
If you’re interested in green energy, there are a few things you can do to make the switch. First, install solar panels or wind turbines on your property. Second, switch to a green energy provider. Third, use energy-efficient appliances and light bulbs. And fourth, recycle!
There are plenty of green energy plans available in McKinney. Enter your zip code above to get a quote today!
Time-of-Use Energy Plan
A time-of-use energy plan is an electricity rate structure where the cost of power varies according to the time it’s used. Typically, these energy plans offer lower rates during off-peak hours and higher rates during peak times. For example, a customer may have a rate that is $0.06 per kWh from midnight to 8 am, $0.10 from 8 am to 4 pm, and $0.30 from 4 pm until midnight (with prices in cents per kilowatt hour). This means that customers will typically want to use as much power as possible between midnight and 8am for low cost usage!
Frequently Asked Questions
What energy providers can I choose from in McKinney?
Since the Texas-wide energy deregulation was imposed, residents of McKinney now have a number of energy providers to choose from. Oncor is the primary transmission and delivery utility in the area, with different retail energy providers supplying energy to consumers. Some retail energy providers in McKinney are 4Change Energy, TriEagle Energy, Gexa Energy, Pulse Power, and Frontier Utilities, among others.
What is energy deregulation and why was it imposed?
In areas where energy is still regulated, a regulating body has control over energy pricing with only the local utility having the ability to supply energy to all consumers. In other words, people have little to no control over who they will buy energy from.
To give people better control over their energy provider, a bill that imposes energy deregulation was enacted in the entire state of Texas in 2002.
What are other sites similar to Energy Outlet?
Power to Choose is a site operating similarly to Energy Outlet, making it easy for Texas residents to find the best energy plan that fits their needs. With comparisons, users can ensure they are getting rates from top providers on a platform similar to Energy Outlet’s.
What type of energy plan will work best for me?
Because of energy deregulation, consumers in McKinney now have a number of options for energy plans in their homes and businesses. There are 12-month, 24-month and 36-month plans available, with either fixed or variable rates.
Fixed-rate plans apply the same rate throughout the entire contract period. This offers great protection during months when energy costs are higher because you will still be paying the same rate as the cheaper months. As for variable-rate plans, they follow the rise and fall of energy costs. This means that there are months when your bill becomes lower, but there will also be months when you’ll be paying a higher energy bill than usual.
How is my electricity bill calculated?
Your electricity bill is calculated based on your consumption and the rate per kilowatt hour on your energy plan. Each of the electrical devices in your home consumes a specific wattagewhen used. All these watts are totaled and multiplied by the rate per kilowatt hour.
It could be tough to estimate next month’s bill if you’re under a variable-rate plan, knowing that the rate might change anytime. But if you’re using a fixed-rate plan, you can check the previous month’s bill to check on your electric rate.
How do I choose the best energy plan for my household?
Price would always be one of the primary factors in choosing the best plan. Energy plans in McKinney may start from $0.50/kWh and reach as high as $0.141/kWh. But just because a plan is cheap does not mean that it’s the best. It’s important to check on the length of contract as well. Go for longer contracts if you’re 100% sure you will not be switching providers anytime soon. There are early termination fees that you’ll end up paying should you decide to stop subscribing to your energy plan before the contract ends.
It would be good to know as well if the energy provider uses green energy.
What is green energy and why would it benefit me?
Green energy comes from renewable energy sources like wind or solar power. Using green energy means that you’re contributing less carbon footprint. Green energy also lessens your dependence on imported fuels, which are harmful to the planet.