When Sherman electricity providers compete to offer the lowest rate, consumers like you are the winners.

But, this is true only if you take the time to shop, compare and choose the best plan. Here you will find everything you need to compare electricity rates from the electric companies offering service in your area.

Click here to compare Sherman electricity rates

Electricity rates in Texas are constantly on the move. It’s not uncommon for the cheapest electricity provider one day to be the most expensive provider the next. On top of that, plans that look attractive may sometimes turn out to be among the most expensive.

Top Sherman Electricity Rates From Each Provider

Electric Company	Plan Name	Electricity Rate
BKV energy	The Lantana 15	14.2¢/kWh
Frontier Utilities	Frontier Saver Plus 24	11.3¢/kWh
Gexa	Gexa Eco Saver Plus 24	11.3¢/kWh
4Change Energy	Maxx Saver Select 24	11.3¢/kWh
Cirro Energy	Smart Simple 12	15.6¢/kWh
Trieagle	Sure Value 36	12.9¢/kWh
Direct Energy	Autopay Texas 12	16.3¢/kWh
Green Mountain Energy	Pollution Free e-Plus	17.4¢/kWh
TXU	Clear Deal 12	13.9¢/kWh
4Change Energy	Maxx Saver Select 12	11.1¢/kWh
Gexa	Gexa Eco Saver Lite 12	19.1¢/kWh
Express Energy	Flash 24	11.3¢/kWh
Veteran Energy	Veteran Energy Valor 36	12.8¢/kWh
Reliant	Reliant Power On 12	19.9¢/kWh
Payless Power	Rate Lock 12	18.3¢/kWh

Rates Updated March 10, 2024
For a more detailed realtime rate comparison enter your zip code at the top of the page. Our rate comparison tool lets you see all providers and rates. You can filter by term length, usage level, green energy plans, no deposit plans and get you them most up to date pricing. The rates listed above are for the 1,000 kWh usage level. More Information on any of these plans >>>

Click here to compare Sherman electricity rates

Finding the Best Electricity Plan in Sherman

Our team works every day to present the best plans to shoppers while weeding out the over-cleaver plans that have fine print that make it all but impossible to actually achieve the rates advertised for the plan.

Featured Electricity Rates In Sherman, Texas

Along with the power to choose, comes a little bit of responsibility for consumers. Savvy shoppers can save big on electricity. But there are so many options available in Sherman that consumers can become overwhelmed with choice. Many people simply pick the first electricity company that comes to mind or pick a name they are familiar with.

Our free electricity rate comparison tool helps eliminate the confusion and make it easier for you to pick the cheapest electricity rate available in Sherman.

It’s free and easy to use. Give it a try!

What You Need to Enroll in New Electricity Service in Sherman

Here is the information you will need to provide to switch electricity providers or enroll in new service.

Service address – This must match exactly with the state’s ESID database so that the provider can be sure they will be providing service to the correct address. If for some reason, they can’t match the address within the ESID database, they may ask you to provide the ESID. This is a unique identifier for the address that will appear on past electric bills.

Start Date – You will be asked for a start date for your new plan. In some cases, it is possible to get same day electricity. Usually, however, it will be the next day at the soonest. You can even select a date a couple of months out if you need to.

Credit Information – You will need to provide information for a credit check. This includes your name, SS#, or DL#.

Payment Information – Some plans come with an autopay option. If you are enrolling in such a plan, you may have to provide credit card or bank information during the enrollment process.

Helpful Guide to Sherman, Texas

Named after General Sidney Sherman of the Texas Revolution, the city of Sherman was founded in 1847. The population is about 42,000 total, and the city is a part of Grayson County. On the map, Sherman is 4 miles from East Grayson, 42 miles from Plano, and 59 miles from Sherman.

Its top employers are Tyson Foods, Texas Instruments, Finisar, Sherman ISD, Grayson County, Presco Products, Austin College, and Kaiser Aluminium to provide a few examples.

For things to do in and around Sherman environs, there is the Sherman Museum for those who care to learn the history of Grayson County; in addition, the Sherman Jazz Museum is a great place for those who like the genre. And afterwards, you can always stop by 903 Brewers for some food and refreshment.

Manufacturing is one of the most robust industries in the area, with Retail and Construction coming 2nd and 3rd respectively. And the wages earned in Sherman are below the state average, as is the cost of living.

About 20% of people have obtained a Bachelor’s degree or higher in the city; the most common degree was in General Business and General Biology.

Click here to compare Sherman electricity rates

Take a Look at the Electricity Plan Cancellation Fees

Most electricity plans in Sherman will include a cancellation fee attached. This doesn’t apply to month-to-month variable rate plans. Cancellation fees are listed along with other plan details in the Vault electricity rate comparison tool. Most providers charge a set cancelation fee if you end your contract early. $150 is a typical cancellation fee for a 12 month plan. Some providers, however, charge an amount per each remaining month on the plan if you cancel. For example; $20 per month.

If you switch providers before your contract is at an end, you are likely to be charged this fee.

Cheapest No Deposit Electricity Plans In Sherman

If you have been asked to pay a deposit you can’t afford, we have option for you to get your power on fast (maybe even today) and without a huge upfront payment.

Prepaid electricity plans are a very popular option today for customers who want to avoid paying a deposit. Rather than paying $200, $300 or more for a deposit, you can put up as little as $30 to get going with a prepaid electricity plan. This money goes straight to your electric bill and doesn’t just set in the electricity providers bank account.

For more information on a no deposit electricity plan call us at 855-564-1181.

Find the Best Commercial Electricity In Sherman

Finding the cheapest electricity rate for a business in Sherman is easier than you think. Although commercial electricity rates are not listed out in a nice table like residential electric rates, all the top energy providers do publish daily commercial electric rates, which they provide to us every morning.

These daily commercial electricity rates are used for Sherman businesses that use less than 250,000 kWh of electricity on an annual basis. Because we see the commercial rates for all the providers, we know which electric company has the cheapest commercial electricity rate for the day.

For businesses using more electricity, we can obtain custom electric rate quotes for you from all the energy providers. We use your historical electricity usage to request custom bids in our blind reverse auction process. The electric companies compete against each other to try to win the right to be your electricity provider.

We also have a commercial group that specializes in getting electricity for businesses with bad credit. There are actually quite a few options for businesses with bad credit or new businesses with no credit history. The electricity rates we are able to obtain are very competitive, and you never have to pay a deposit.

Sherman Utility Company

TXU/Oncor Electric Contact Information:

For power outages in Sherman Texas, please call Oncor at 1-888-313-4747. To have underground lines located prior to digging in Sherman Texas, call 1-800-344-8377. To view Sherman Texas outage maps, click here.