Richardson Electricity Rates and Companies

Your power to choose electricity in Richardson

Since Richardson’s electricity market is deregulated, residents and business owners here can select 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 from your utility company. As a Richardson local, you can use Choose Texas Power to shop around and explore plans from a wide variety of 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 21.0 cents per kWh
• At the 1000 kWh level, the average rate in Richardson is 12.8 cents per kWh
• At the 2000 kWh level, the average rate in Richardson is 16.3 cents per kWh

Shop energy rates on our independent marketplace to easily find a competitive fall energy plan. Compare the best power companies and rates 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 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 8.6¢ per kWh from Frontier Utilities.

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 5.6032 cents/kWh.

Types of Richardson electric plans

On Choose Texas Power, you’ll find more than 100 electricity plans from many different Richardson light companies. 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 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. As a result, 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. If your score doesn’t meet their requirements, you’ll typically have to pay a deposit. If you’d like 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 one 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 residents of Richardson. If you own or manage a business in the area, you also have the power to choose the right commercial energy plan for your company. To get started, submit your information through Choose Texas Power’s business energy form or call the phone number on your screen.

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, electricity consumers in Richardson 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).

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. Depending on your goal, here’s how to use our marketplace to lock in an affordable electricity rate.

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, though, that your current provider may charge an ETF if you cancel a fixed-rate plan before the contract is up.

Richardson energy FAQs

Which providers typically have the cheapest electricity rates in Richardson?

The lowest electricity rate in Richardson is currently available from Frontier Utilities. You can often find affordable rates from providers like 4Change Energy, Express Energy, and Gexa Energy as well. 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 multiple Richardson electricity providers. Our free, independent marketplace gives you a clear view of the latest pricing and lets you sign up for a new plan in just minutes.

How can I lower my electricity bill in Richardson?

If you’re hoping to reduce your power bill in Richardson, cutting back on your electricity consumption is a great place to start. There are a variety of ways to do this, including switching to LED light bulbs, changing your HVAC filters at least once per season, running your washing machine with cold water, and sealing drafty windows and doors. You can also try shopping for a cheaper electricity plan.

What is the best energy provider in Richardson?

It depends on your electricity usage habits and personal preferences. For example, 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, you can use the filters on Choose Texas Power’s marketplace to discover plans that match your needs.