Richardson Electricity Rates and Companies

Your power to choose electricity in Richardson

Energy deregulation allows Richardson residents and business owners to choose their own light companies. Known as the “power to choose,” this setup gives you more flexibility than you’d get in a traditional energy market, where you’re required to buy electricity directly from your utility company. As a Richardson local, you can use Choose Texas Power to shop around and explore plans from many different energy providers.

Choose Texas Power is not affiliated with Power to Choose, powertochoose.org, or the PUCT.

Average residential energy rate

The electricity rate you’ll pay in Richardson depends on how much electricity you use, as most plans have a tiered pricing structure:

• At the 500 kWh level, the average rate in Richardson is 20.0 cents per kWh
• At the 1000 kWh level, the average rate in Richardson is 11.6 cents per kWh
• At the 2000 kWh level, the average rate in Richardson is 15.3 cents per kWh

Seasonal averages can vary by time of year, with fall and spring rates trending lower due to lower demand, and summer and winter rates trending higher due to increased demand. Our independent marketplace makes it easy to find a competitive energy plan. Compare the best power companies in Richardson by entering your ZIP code on our marketplace. You can also call our experts to shop over the phone and sign up for a plan in minutes.

Explore our best Richardson electricity providers

Having as many energy options as you do in a deregulated market can feel overwhelming. To help, we’ve highlighted a few of our most popular electricity providers across Texas. Some of the top energy providers on our marketplace include TXU Energy, Gexa Energy and 4Change Energy. Find out what these providers and more like them have to offer.

Shop these and numerous other energy providers by entering your ZIP code on our marketplace today.

The current lowest electricity rate in Richardson is 8.3¢ per kWh from APG&E.

Oncor Electric Delivery is Richardson’s utility

While you can choose your electricity provider in a deregulated market, your utility company is determined by your address and cannot be changed. Utilities deliver electricity, maintain power lines, and restore service during power outages. The utility company for Richardson is Oncor Electric Delivery. In the event of a power outage or electrical emergency, call your utility company, not your provider. Here’s how to contact Oncor:

• Call 1-888-313-4747
• Text “OUT” to 66267
• Report an outage online

All utility companies charge a transmission and distribution utility (TDU) fee for delivering electricity. This includes a base monthly charge and a usage charge per kWh. Oncor Electric Delivery charges $4.23/month and 5.6183 ¢/kWh.

Types of Richardson electric plans

On Choose Texas Power, you’ll find a wide variety of electricity plans in Richardson. Here’s a quick overview of some of the most common types available on our marketplace.

• Fixed-rate plans: These plans come with long-term contracts (usually between one and three years). During that time, your rate won’t change, so you won’t be vulnerable to market price hikes. Keep in mind, though, that you’ll need to pay an early termination fee (ETF) if you cancel your plan or switch electricity companies in Richardson before the contract ends.
• Variable-rate plans: If you pick a variable-rate plan, you’ll enter a month-to-month agreement with your power company. You’re free to cancel or change providers at any time (and you won’t be charged an ETF). However, you won’t have a locked-in rate — instead, it will fluctuate along with the wholesale cost of electricity.
• No-deposit plans: It’s common for energy providers to check your credit score before starting service and require a deposit if you don’t meet their requirements. To avoid this, consider signing up for a no-deposit plan. Prepaid plans, for example, don’t require a deposit (or credit check) and let you pay for electricity as you go.
• Time-of-use plans: A time-of-use (TOU) plan contains rates that fluctuate based on electricity demand. During times of low demand, such as late at night, you can enjoy a decreased rate. However, your rate may increase during peak hours, like mornings and afternoons. This plan could be advantageous if you are comfortable shifting your usage to capture lower rates during off-peak hours.

Understanding Richardson electric rates

Electric rates vary throughout Texas — even with the same plan and provider. There are a few reasons for this, but the main reason is the differing utility transmission charges and taxes across the state. To find accurate rates for your home or business in Richardson, enter your ZIP code on this page to get a list of plans specific to your area.

Commercial energy

Deregulation doesn’t just apply to Richardson residents. Whether you run a small storefront or a large organization in the area, you also have the power to choose the best commercial energy plan for your company. Choose Texas Power offers two options for setting up electricity for your business: Give us a call to speak with a dedicated business energy consultant or visit PowerHQ.com to browse multiple commercial energy plans.

Green energy plans

Texas is one of the top states in the nation for renewable energy. Not only is it the leading producer of wind energy in the U.S., but it also ranks second for solar energy production. Because of this, Richardson electricity customers can easily find a green energy plan for their home or business.

In Texas, the abundance of renewable energy means that every plan sold in the state includes some percentage of green energy. To find your plan’s renewable energy percentage, refer to its Electricity Facts Label (EFL). You can quickly review the EFL of any given plan in our marketplace by searching your ZIP code, clicking on “more details,” selecting “plan documents,” and clicking the link to access the EFL.

Ready to find green energy plans in Richardson? You’ll find plenty of 100% green energy plans on our marketplace, including options from providers like Gexa Energy and Green Mountain Energy.

How to switch energy companies

Whether you’re moving to a new home in Richardson or simply searching for a different energy plan, Choose Texas Power can help. Here’s how to use our marketplace to lock in an affordable electricity rate, whatever your goal.

Moving to a new address

If you’re happy with your current energy provider, contact the company a couple of weeks before your move and ask to transfer service to your new home. However, if you’d rather sign up with a new light company (or if your current one doesn’t serve Richardson), you can explore your options on Choose Texas Power. Enter your ZIP code on this page to find out what’s available.

Switching energy providers

Unhappy with your current energy service in Richardson? Our marketplace makes it easy to discover new plans and switch providers. After submitting your ZIP code, you’ll get a list of today’s best Richardson electricity rates, which you can sort and filter to find the right match.

Remember, your current provider may charge an ETF if you cancel a fixed-rate plan before your contract ends. Always check your existing plan’s contract terms to prepare for any possible cancellation fees.

Richardson energy FAQs

Which providers typically have the cheapest electricity rates in Richardson?

At the time of writing, the lowest electricity rate in Richardson is offered by APG&E, starting at just 8.3 cents per kilowatt-hour (¢/kWh). 4Change Energy, Express Energy, and Gexa Energy also tend to offer cheap electricity rates in Richardson. To find the most up-to-date pricing, plug in your ZIP code on Choose Texas Power’s marketplace.

Where can I compare Richardson electricity rates?

Choose Texas Power offers a simple way to compare rates from each Richardson electric company. Our free, independent marketplace gives you the latest pricing and lets you sign up for a new plan in just minutes.

How can I lower my electricity bill in Richardson?

Cutting back on your electricity consumption is a great way to start reducing your power bill in Richardson. There are a variety of ways to do this, including switching to LED light bulbs, changing your HVAC filters, running your washing machine with cold water, and sealing drafty windows and doors. Also consider conducting an energy audit and making changes based on your home’s specific needs or shopping for a cheaper plan to save on your monthly bill.

What is the best energy provider in Richardson?

The best energy provider in Richardson for your home or business depends on your electricity usage habits and personal preferences. If you want to minimize your carbon footprint, a renewable energy provider like Gexa Energy or Green Mountain Energy might be a good pick. If you’d prefer a no-deposit plan, consider a provider like Payless Power. Once you’ve figured out your priorities, use the filters on Choose Texas Power’s marketplace to discover plans that match your needs.